LocalBitcoins is a peer-to-peer Bitcoin platform for buyers and sellers wanting to trade Bitcoin.
LocalBitcoins’ focus is on the user and the community. Their mission is to expand and bring Bitcoin exchange and economy to every city in the world, especially those in developing countries.
LocalBitcons believes Bitcoin to be a black swan event, that fundamentally changes how the financial world works, and offer new levels of global prosperity.
Unlike traditional cryptocurrency exchanges, LocalBitcoins doesn’t have an open orderbook, and instead acts as a meeting ground for people wanting to buy and sell Bitcoin.
Sellers post their requirements on the LocalBitcoins platform, where they state exchange rates and payment methods for anyone wanting to buy Bitcoin.
Buyers then reply to a seller whose demands they’re happy with and both buyer and seller complete their easy to navigate side of the deal and LocalBitcoins takes care of the rest.
What Is LocalBitcoins?
LocalBitcoins was founded in 2012 by CEO Nikolaus Kangas in Helsinki, Finland.
The Bitcoin marketplace has grown to become one of the leading places to buy Bitcoin anywhere in the world.
With LocalBitcoins, people buy Bitcoin directly from peers looking to sell, and LocalBitcoins acts as a mediator between the buyer and seller from pretty much anywhere in the world.
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