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The consumers can also purchase bitcoins simply by filling a form for payment. The payment can also be confirmed through a voice call and SMS that will provide you with 4 digit code. Following a couple of minutes of payment confirmation, the bitcoins are transferred into a wallet. Due to this simple payment method, people around many countries invest in this exchange.This exchange offers an ordinary limitation of buying bitcoins.
After 4 times the limit is increased to $200 and reaches at $500 in a week. The exchange takes 50 percent more fees than any other exchange on buying through credit/debit cards. In spite of high prices, people prefer to purchase through this exchange due to phenomenal rate of transactions. You can also trade bitcoins on this exchange simply by registering for it.
The exchange was founded in 2012 in Finland. This is one of the few exchanges that accept a high number of payment methods. Due to direct selling or buying with all the individuals, this exchange does not provide the facility of credit/debit card payments. But, the users can use paypal method to transfer funds through credit cards. This exchange also takes different charges depending on the payment method chosen by the dealers.
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Here, it is also important to mention that the buyer might have to pay bitcoin network charges for transferring these into his personal wallet. Because of employing escrow payment method, it's considered one of the secure exchange. Localbitcoins proves a good platform for buying bitcoins if the sellers are chosen carefully.
It has a large customer database which proves that it has high liquidity. The platform is very user-friendly even for the beginners. It gives the facility of online insured pockets. Moreover, it takes minimal fees for the transactions.Get started now and Get $10 worth of free bitcoin when you purchase more than $100 value on Coinbase.