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The users can also purchase bitcoins by simply 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 few minutes of payment confirmation, the bitcoins are transferred to a wallet. Due to this easy payment system, individuals around many countries invest in this exchange.This exchange offers an ordinary limit of buying bitcoins.
After 4 times the limit is increased to $200 and reaches $500 in a week. The exchange takes 50% more charges than any other exchange on buying through credit/debit cards. In spite of high prices, people would rather purchase through this exchange due to phenomenal rate of transactions. You can also exchange 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 large number of payment methods. Because of direct selling or buying with all the individuals, this exchange does not offer the centre of credit/debit card payments. However, the users can use paypal method to transfer funds through credit cards. This exchange also requires different fees depending on the payment method selected by the dealers.
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Here, it is also important to mention that the purchaser will need to pay bitcoin network fees for transferring these into his personal wallet. Because of employing escrow payment system, it's considered one of the exchange. Localbitcoins proves a good platform for buying bitcoins if the sellers are chosen carefully.
It's a large customer database which proves it has high liquidity. The platform is quite user-friendly even for the beginners. It provides the facility of online more insured wallets. Moreover, it requires minimal prices for the transactions.Get began today and Get $10 worth of free bitcoin when you buy more than $100 value on Coinbase.