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Localbitcoins legitimacy liability driven investing pension funds

Localbitcoins legitimacy

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Read our updated guide on the best crypto trading bots. The traders post ads on the platform, stating accepted payment methods and exchange rates for purchasing or selling Bitcoins. Other users reply to these ads. They arrange to meet the trader in order to make a quick transaction, online or in person. LocalBitcoins also has a feedback mechanism and reputation system to help the users distinguish the legit traders from the scammers. The trading platform also offers a conflict-resolution service that helps users overcome any misunderstandings, and an escrow service in order to help establish trust between the parties.

These are some of the things that you should keep your eye on when it comes to trading. Instead, you should look for users who are actively selling Bitcoins. When it comes to communication, you should send a message to the seller who put a trade request and wait for their response. You should use only the LocalBitcoins interface. LocalBitcoins is a great platform in our opinion, as our purchase and subsequent sales of Bitcoin went through without any problems.

However, some of the traders on it are not so great. This is a big issue as many customers have lost their money in trading from such fake sites. It is advised that customers should be really careful when they are trading and should do some research before they trade from any website. To spot these, watch out and avoid sites that claim to write about LocalBitcoins, yet the write-up is completely garbage and unreadable as they are created by software and spammed all over the internet.

It is always better to avoid trading from any other site other than the official one. The official website that they have includes the legitimate platform. This means you may have to make a few small trades with less trustworthy seller in order to boost your feedback so you can deal with the more respected sellers.

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