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Having sent an application, you need to start an online chat with the seller the buyer , where you can discuss the conditions for the transaction. It is also worth remembering that sellers buyers can demand documents from you to confirm your identity as well as security of transactions.
So, the site supports several languages and a large selection of transaction methods is implemented. Undoubtedly, it increases the level of customer confidence. The Internet offers a variety of reviews about the project. Traders point to useful and convenient functionality of the site localbitcoins, its reliability, an ability to get verified for full-fledged operations in the system, support for fiat currencies, an option of depositing funds as additional protection against fraud, a profitable exchange rate to sell bitcoin, a high level security on the site, a convenient user interface, a large number of ways to carry out transactions and fast transfers within the system.
As for the negative aspects, traders often point to the lack of transaction control, a limited set of digital coins only bitcoin is available , a high risk to become a victim of frauds, blocking of the official site of the exchange. However, it should be noted that when the site is blocked, many of its users simply go to any of the available mirrors.
If we find complaints about LocalBitcoins, we will post it on social media. Follow us to be well informed:. LocalBitcoins has a legal registration in Finland, Helsinki TIN: FI , it operates on the crypto market in accordance with the current legislation of this country. Providing its clients with a unique platform for crypto trading, the company adheres to AML Anti-Money Laundering standards and guarantees the security of the trading process as well as the absolute confidentiality of information.
By the way, money laundering can be regarded as an intentional concealment of the source of income received as a result of illegal activities terrorism, robbery, bribery, etc. The users can take advantage of a two-factor authentication, cold wallets, the conventional deposition of bitcoin for secure storage of this crypto asset.
Working on the site localbitcoins. Low commissions attract many traders to the site. Due to the convenient search for suitable offers, the participants quickly find a profitable deal, easily create orders with their terms of transactions.
The clients make use of the option a quick withdrawal of money. On the Internet you can find both positive and negative reviews about the service. Among the advantages, one should point to the high security of the site, the striking convenience of its unique functionality, which enables you to profitably trade in crypto assets, the comfortable selling rate of bitcoin, the full freedom of the user, fast transfers within the system, etc. So, you need to carefully select users for transactions.
Other downsides include bitcoin as the only supported digital currency, the lack of control of transaction security, frequent blockings of the official site of the exchange. However, when the site is blocked, the users simply rush to its official mirror — localbitcoins. By the way, blockings greatly contribute to the overall popularity of the resource. As a result, the volume of crypto transactions has leapt. The given crypto exchange can hardly be a scam.
According to a thread which appeared on Reddit earlier today, popular P2P bitcoin trading platform LocalBitcoins has been subjected to a phishing attack. LocalBitcoins has posted the following announcement:. We would like to inform that today Outgoing transactions were temporarily disabled while we investigated the case. We were able to identify the problem, which was related to a feature powered by a third party software, and stop the attack.
At the moment, we are determining the correct number of users affected — so far six cases have been confirmed. For security reasons, the forum feature has been disabled until further notice. Outgoing transactions have already been re-enabled and we have taken a number of measures to address this issue and secure the limited number of accounts that might have been at risk. Your LocalBitcoins accounts are currently safe to log in and use — we encourage you to enable Two-factor authentication, if you have not yet.
Apparently, this only happens if the user is already logged in. According to the user, the URL represents a phishing site which has the 2FA codes sent to the hacker, enabling him to empty their accounts. According to the thread, withdrawals on the platform have been disabled.
He revealed that 0. The receiving address is already up to 7. Last year, the P2P trading platform disabled multiple accounts because of new EU privacy laws. Have you experienced anything odd using LocalBitcoins in the last few hours? Let us know in the comments below!