{"id":1102,"date":"2021-10-30T08:09:21","date_gmt":"2021-10-30T08:09:21","guid":{"rendered":"https:\/\/blog.prestmit.io\/?p=1102"},"modified":"2025-02-08T16:41:45","modified_gmt":"2025-02-08T16:41:45","slug":"how-to-buy-bitcoin-on-localbitcoins","status":"publish","type":"post","link":"https:\/\/prestmit.io\/blog\/how-to-buy-bitcoin-on-localbitcoins","title":{"rendered":"How to Buy Bitcoin on LocalBitcoins"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e7502693361\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e7502693361\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/prestmit.io\/blog\/how-to-buy-bitcoin-on-localbitcoins\/#Opening_a_LocalBitcoins_Account\" >Opening a LocalBitcoins Account<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/prestmit.io\/blog\/how-to-buy-bitcoin-on-localbitcoins\/#Do_LocalBitcoins_Operate_in_Nigeria\" >Do LocalBitcoins Operate in Nigeria?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/prestmit.io\/blog\/how-to-buy-bitcoin-on-localbitcoins\/#How_to_Buy_Bitcoins_on_the_Platform\" >How to Buy Bitcoins on the Platform<\/a><\/li><\/ul><\/nav><\/div>\n<p>LocalBitcoin is to Bitcoins what <a href=\"https:\/\/prestmit.io\/gift-cards-to-bitcoins\"><b>Prestmit is to gift cards <\/b><\/a>but with a twist? LocalBitcoins is a Finnish peer-to-peer bitcoin marketplace. The platform allows anonymity while trading. Individuals advertise their bitcoin to potential buyers and negotiate their prices. When the seller sells for an agreed price they pay 1% of the money made to LocalBitcoins. It also allows sellers to be paid in their local currency. The platform aims to link buyers and sellers of bitcoin and it already has around 11,000 active traders.<\/p>\n<p>Buyers can make payments using bank transfers, bank cash deposits, or an international transfer brand like Western Union.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Opening_a_LocalBitcoins_Account\"><\/span>Opening a LocalBitcoins Account<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-1103 size-full lazyload\" data-src=\"https:\/\/prestmit.io\/blog\/wp-content\/uploads\/2021\/10\/42549941170_5d6187a439_c1.jpg\" alt=\"localbitcoins\" width=\"800\" height=\"527\" data-srcset=\"https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/42549941170_5d6187a439_c1.jpg 800w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/42549941170_5d6187a439_c1-300x198.jpg 300w, https:\/\/blog.prestmit.io\/wp-content\/uploads\/2021\/10\/42549941170_5d6187a439_c1-768x506.jpg 768w\" data-sizes=\"(max-width: 800px) 100vw, 800px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 800px; --smush-placeholder-aspect-ratio: 800\/527;\" \/><\/p>\n<p>Go to LocalBitcoin.com, click on SIGN UP FREE. Fill in your details then click on register. A confirmation link will be sent to the email you provided when filling in your information. Once this is completed your wallet has been created and you can now buy and sell bitcoins.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_LocalBitcoins_Operate_in_Nigeria\"><\/span>Do LocalBitcoins Operate in Nigeria?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, it does. Users residing in Nigeria can buy and sell bitcoins on this platform, as they allow payment in Naira.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Buy_Bitcoins_on_the_Platform\"><\/span>How to Buy Bitcoins on the Platform<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Enter the main page and fill in the search box with the amount of bitcoin you want to buy in your country\u2019s currency. Also, fill in your location and preferred payment method.<\/li>\n<li>If you are not sure of the payment method you want you can choose ALL ONLINE OFFERS.<\/li>\n<li>You will see adverts of bitcoin sellers around your location.<\/li>\n<li>Select a seller with a good reputation score. You can check a seller\u2019s reputation score\/amount of sales made through the SELLER option.<\/li>\n<li>After negotiating with the seller, pay for the bitcoin. You can do this through bank transfer, payment through bank or you can meet with the seller in person.<\/li>\n<\/ol>\n<p>Your newly acquired bitcoin will be transferred to your wallet. In case you do not agree with the seller&#8217;s conditions you can always go back to pick a different seller.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LocalBitcoin is to Bitcoins what Prestmit is to gift cards but with a twist? LocalBitcoins is a Finnish peer-to-peer bitcoin marketplace. The platform allows anonymity while trading. Individuals advertise their bitcoin to potential buyers and negotiate their prices. When the seller sells for an agreed price they pay 1% of the money made to LocalBitcoins. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9142,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1788],"tags":[12,578,579],"class_list":["post-1102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-bitcoin","tag-how-to-buy-bitcoin-on-localbitcoins","tag-localbitcoins"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How to Buy Bitcoin on LocalBitcoins - Prestmit<\/title>\n<meta name=\"description\" content=\"How to Buy Bitcoin on LocalBitcoins - Prestmit is the best site to sell gift cards and cryptocurrencies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prestmit.io\/blog\/how-to-buy-bitcoin-on-localbitcoins\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Buy Bitcoin on LocalBitcoins\" \/>\n<meta property=\"og:description\" content=\"How to Buy Bitcoin on LocalBitcoins - 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