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The users can also buy 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. After a few minutes of payment confirmation, the bitcoins are transferred into your wallet. As a result of this simple payment system, individuals around many countries invest in this exchange.This exchange offers an average limitation of buying bitcoins.
After 4 days the limit is increased to $200 and reaches at $500 in a week. The exchange takes 50 percent more charges than any other exchange on buying through credit/debit cards. In spite of high fees, individuals would rather purchase through this exchange because of 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 high number of payment methods. Because of direct selling or buying together with the individuals, this exchange does not provide the facility of credit/debit card payments. But, the users can use paypal technique to transfer funds through credit cards. This exchange also takes different charges depending on the payment method chosen by the traders.
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Here, it's also important to mention that the purchaser might have to pay bitcoin network fees for transferring these into his personal wallet. Due to employing escrow payment method, it's considered one of the exchange. Localbitcoins proves a good platform for buying bitcoins if the sellers are selected carefully.
It has a massive customer database which proves that it next has high liquidity. The platform is quite user-friendly even for the beginners. It gives the facility of online insured pockets. Moreover, it takes minimal prices for the transactions.Get began today and Get $10 worth of free bitcoin when you buy more than $100 value on Coinbase.