At LocalBitcoins, people from different countries can exchange their local currency into bitcoins. We allow users to create advertisements where they can choose the payment method and exchange rate for buying and selling bitcoins from and to other LocalBitcoins’ users. By replying to these advertisements, a trade chat is opened and escrow protection is automatically activated. Escrow protects both buyer and seller by keeping the bitcoins safe until the payment is done and the seller releases bitcoins to the buyer. LocalBitcoins also provides a web wallet from where you can send and receive Bitcoin transactions.
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