The safest way for two people to make a Bitcoin transaction is by using an intermediary, which offers high security for the transaction.
There are a number of global companies operating in this field.
Later in the article we will talk about them.
What can brokerage companies offer for person-to-person purchases?
- High security for the transaction with transparency for the operation.
- Multiple payment methods such as cash, credit card, PayPal, SWIFT transfer, cryptocurrencies and many other global and national payment methods.
- You see exactly what you can buy and what you will pay.
- Usually, there is a fixed commission of no more than 1%.
- Depending on the payment method, transactions are made quickly and efficiently.
Local Bitcoin is an excellent example of a global Bitcoin Exchange.
This Finnish company enjoys a great reputation. Here, you can buy and sell Bitcoin anywhere in the world using multiple payment methods.
How does LocalBitcoin work?
One significant difference is that buyers rate the user. This means that the community works with a high level of trust.
The seller decides the price he wants for the Bitcoin. They also indicate the maximum and minimum acceptable purchase amount. Local Bitcoin will reveal the volume of the previous trades of the sellers and the history.
Four important variables for buying Bitcoin from person to person:
The first and foremost variable is the reputation of the seller. The track record (strength) is clearly stated on this site.
The second variable is the price, since the system works more like an exchange. Each seller clearly indicates their price, as well as the currency in which they operate.
The third variable is the amount we want to buy. Different sellers offer different amounts. Seller prices also vary.
The fourth variable is the amount of time the transaction takes. Since Bitcoin prices can be volatile, most transactions take place within strict time lines.
Local Bitcoin is an intermediary between buyers and sellers of cryptocurrencies. Local Bitcoin guarantees the integrity of transactions.
Unfortunately, there are countless stories of fraud and scams. Any sensible buyer would only choose a trustworthy platform.
More thought is available on this matter in the articles on the general purchase of virtual currencies or Bitcoin ATM purchases.