How to Buy Bitcoins in Pakistan, India, China, US or any country? Forget about exchanges Say goodbye to expensive Social Trading Sites!. Trade bitcoins with nearby people safely.!!!A beginners friendly guide.A Review of localbitcoins.com
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| Physical Bitcoin
We already know that 2017 has been a great year for cryptocurrencies we didn't only see Bitcoin surpassing $10,000, setting itself the most expensive currency and the most altering and high booming financial instrument ever but we also have seen numerous new digital currencies coming to existing. 2017 is also regarded as a year for crypto-economy where the total market of cyptocurrency has surpassed $300 billion and expected to hit $2 Trillion in 2018 bare in mind that bitcoin is the most mined and a major share holder digital currency ever, a lot people ask about buying and selling of bitcoins tough a number of geographically bounded bitcoin exchanges are in place to facilitate with such services not only the exchanges but social trading networks like eToro, trade.com and many various other networks are also providing services for trading of digital currencies like bitcoin and ethereum and so on but they particularly charge way more than what a normal exchange does just for an instance we can see this example of charging a nominal fee of $5 to $50 per transaction/withdrawal.
eToro charges 5% over bitcoin while $25 against $50 as processing fee for cash withdrawal while the charges for Trade.com tends to be closer.
Note:Transaction charges are directly dependent on the amount of transaction.
Let us find a better, easier, beginner friendly and a safer way to trade bitcoins. Lets try to answer these question in details How to buy bitcoins? How to buy bitcoins online? How to buy bitcoins in Pakistan? Here is cryptocurrency guide.
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- Affiliate Program: Just like any other affiliate program it lets you earn in form of commission over sales made using your unique ID (working as a referral) anyone who joins through your affiliate ID is going to be considered for 3 months that means you keep earning for 3 months. Localbitcoins pay only when a user made three trades where the commission is paid from trading fees of localbitcoins, a screenshot from official website of localbitcoins has been uploaded for you
Local Bitcoins is decentralized bitcoin trading platform which connects people with local or nearby traders to buy or sell bitcoins the interesting thing about it that it is one and only platform that supports around 248 countries including ignored potential markets like Pakistan, localbitcoins supports more than 15,600 Cities, Could you expect more ? See Complete list of Countries and cities supported by localbitcoins.
Pros of buying Bitcoins from Localbitcoins.com: No Minimum required investment (each trader can have different criteria could be $5, $10 and so on)
Lowest ever (1%) fee over successful deals charged under trade fees. No hidden charges A wallet associated your localbitcoin account. Feedback of each trader is public and can be seen by anyone before trade.
Escrow backed trades. Live chat will traders. You can deal with local traders or simply change the location to deal with people from other countries. Secure platform. Ability to send screenshots in chat. Identity proof for deals above $100 each seller may set different criteria, requires Identity of the customer as to be verified via automatic Localbitcoin system however, you may request the bitcoin seller in person to wave it off or can also share identity over private mediums of communication. Price view in your local currency based upon your location. You don’t have to submit your identity credentials. If BTC is trading at $10k when the deal was initiated it will end up with the same price regardless of real time price fluctuations.
Cost of availing services: Just 1% of successful trade. In case of transferring all your Bitcoins to other wallet there's a fair fee of 0.5% Note: You can avoid it at first time and may get it adjusted in next trade.
Payment Mods: Includes One On one offline trades in cash form. Bank transfer.
Safety Measurements: Includes Two-Factor authentication and browser verification where the user has to verify accessing the account from the given email ID or else the authorization would be denied. All your trades on the platform are backed by Escrow so there’s no chance of fraudulent activity.
Other Services: Other than serving as a decentralized Bitcoin trading platform it does offer a number of valuable services such as:
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| Screenshot of Localbitcoins,com Affiliate Program |
· API for developers to integrate with third party automated systems of trading bitcoins includes apps etc. Bitcoin ATM Machine: Supporting numerous currencies lets you withdraw or deposit money directly, can be managed through web based console at localbitcoins.com. The fee for Bitcoin Atm is 1% and the machine hold capacity of carrying 300+30 Notes at a time in stacker and recycler respectively. Blockchain explorer used to track details of transactions and wallet addresses.
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| Fee Comparison Chart.
We can confidently declare localbitcoins as the best bitcoin trading platform for everyone.
See our next article on Top 10 sites to buy Bitcoin.
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