buying BTC on LocalBitcoins

Sarah asked 1 month ago

Hi there,
Thank you for the informative lessons on buying bitcoins. I am new to this and am trying to buy bitcoins on the LocalBitcoins.com. There are only 34 traders when filtering  based on the country of my residence. Would you recommend buying from local traders or should I shop for better price in other locations. My concern is that  the currency exchange fee from our currency to the trader’s currency might outweigh the potential saving of a better offer. Does this make sense?
Thanks,
Sarah

1 Answers
Zsofia Elek Staff answered 1 month ago

Hi Sarah,
we are glad you find the lesson informative. Indeed Local Bitcoins has it’s own benefits and challenges, you might end up paying a higher price in exchange for convenience. I suggest you read our review about Local Bitcoins and a similar P2P platform, Paxful, these articles might shed some lights on these exchanges.
 

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