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The consumers can also purchase bitcoins simply by filling a form for payment. The payment can also be confirmed through a voice telephone and SMS that will provide you with 4 digit code. Following a couple of minutes of payment confirmation, the bitcoins are transferred into a wallet. Due to this simple payment method, people 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 at $500 in a week. The exchange takes 50 percent more fees than any other exchange on buying through credit/debit cards. In spite of high fees, people would rather buy through this exchange due to phenomenal rate of transactions. You can even trade bitcoins on this exchange simply by registering with it.
The exchange was founded in 2012 in Finland. This is one of those few exchanges that take a high number of payment methods. Because of direct selling or click now buying with all the individuals, this exchange does not provide the centre of credit/debit card payments. But, the users can use paypal method to transfer funds through credit cards. This exchange also takes different fees depending on the payment method selected by the traders.
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Here, it is also important to mention that the purchaser will have to pay bitcoin network charges for transferring these into his personal wallet. Due to employing escrow payment system, it's considered as one of the exchange. Localbitcoins proves a fantastic platform for buying bitcoins if the sellers are chosen carefully.
It's a massive customer database that proves it has high liquidity. The platform is very user-friendly even for the beginners. It provides the facility of online insured pockets. What's more, it takes minimal prices for the transactions.Get started now and Get $10 worth of free bitcoin when you buy more than $100 value on Coinbase.