This guide will show you how to buy or sell Bitcoin on LocalBitcoins in any country. A lot of persons have been asking about the procedure in their country but be it South Africa, Canada, Nigeria, Australia or anywhere the process is the same.
Of course, to buy or sell on LocalBitcoins you must be a registered user, if you’re not yet registered you can click HERE to register.
When you register, you get a free Bitcoin wallet where you can store assets and can also sell from there to buyers right there on the platform.
We’re going to first look at how to buy Bitcoin then how to sell on LocalBitcoins.
Assuming you’ve registered let’s go straight to the process of buying.
How to Buy Bitcoin on LocalBitcoins
Step 1. Log in to your LocalBitcoins account.
Step 2. On the home page select the amount of Bitcoin that you want to buy. The system automatically selects your currency but if it doesn’t you can do that yourself.
Step 3. In the “All offer field” select the payment method that you want to use in making payment.
Step, 4. Look below you’ll see a list of sellers in your country select a buyer with lots of successful trades and also look to see if there’s a green line which signifies that the seller is online.
Photo Credit: localbitcoins
Step 5. Click “Buy” and take your time to read the terms of the trade and you’re almost done.
Note, only click buy when you’re ready to buy.
You can watch the below video to further clarify things for you.
Now, to the selling of Bitcoins.
To sell Bitcoins it also means you have some in your free LocalBitcoins wallet.
With everything in place let see the easy steps of selling your bitcoin on LocalBitcoins and the risk involved.
How to Sell Bitcoin on LocalBitcoins
Step 1. Log in to your LocalBitcoins account.
Step 2. Click on “Quick Sell”
Step 3. Type in the currency worth o Bitcoin you want to sell. Click on “Search” to see the available offers.
Step 4. Go on and choose a seller that suits you. Read the term before going ahead to send your Bitcoin.