That way it doesn't cancel during the actual in-person trade. He said he has plenty of supply and does trades on a daily basis, but bitcoin never met up sell me. Chapter 6 Theft, Scams, and Storage. Whatever bitcoin do, don't sell via paypal on localbitcoins. And as the price as Bitcoin has risen, Weston has stopped trading the sell, physical Bitcoins. Margin or Price equation The easy way to price local advertisement is to enter a margin you want above the Local market price.
We really recommend storing any bitcoins you want to keep safe in a wallet you own. So I opened up the LocalBitcoins. Careful, every now and then coinbase randomly for no reason cancels trades, so watch out for that. How do I know that the seller has the coins? Once you picked a bank you will be required to fill in some details.
Payment method Bitcoin the payment method you want to offer from the dropdown menu. From the credentials listed, I received the best I could have local for, but will everyone get someone so respected? If you see the Backup Missing button bitcoin you start Mycelium, sell sure to press local and follow the instructions to create a backup. Check out his other work here. Dashboard Find your active trades from sell dashboard. It's important to having good digital security, but it's especially important when you're trading Bitcoins.
Problem is it was another fourteen hours before they did anything about it, by taking my BTC out of escrow, and returning my it to my wallet. This was after midnight; while I slept. So the entire weekend was wasted by LocalBitcoins. This morning, I removed my BTC from their wallet and put them back into my own. I was worried about both. So two days have been lost, and the problem remains. There is no cost to sell Bitcoins on BitQuick.
I get an instant autoresponder, but the actual answer will be forthcoming. Thirty-six minutes later, I get an official response saying to set it as you would any password.
The response time was much better than the fourteen hours from LocalBitcoins. I then finished the form, and they immediately send me an order number, asking for me to transfer the BTC to the address provided. The transfer is made, and I await confirmation by email. The public key I received leads to my new escrow account created for me.
There is no way to see the balance on the site, so I send another email and ask how I can track the sale from here. The response comes 11 minutes later and says there is a tracking link in the previous email, and I will get another email once the sale is completed. Now, all I have to do is wait for a buyer. This was because I listed the order at the current market average price. The lower the sales price, the higher the ranking for your sale order.
See image for format of how sale orders are ranked. One, the trade may take longer to find a buyer Hard to do that since I never found one all weekend at LBC due to the site not monitoring the trades. And two, the service should be better, which it clearly was. The price was the lowest price listed I specified it to be based on current average market prices.
Another buyer places a hold two hours later. You can also highlight your sell order and select Deactivate in the menu above to temporarily disable your sell offer without deleting it. Note - your sell order will automatically become inactive if you do not complete a sale within 60 days.
To reactivate it, just select it and hit Activate, and it will remain active for another 60 days. When I buy coins, which address am I receiving my coins on? You receive your bitcoins to the address that was selected in your wallet when you initiated the trade. Each time a receive address is used, through the 'receive' function of Mycelium, or by buying bitcoins through Local Trader your wallet will switch to your next unused receive address of your HD Account automatically.
Creating addresses in advance is not supported in Mycelium. Click to find additional information on how HD wallets work. When I sell coins, which address am I sending coins from? When sending coins with Mycelium, you always use the currently selected account. You can change your account in the Accounts tab. The wallet will use an unspent output that matches your transactions amount best, so when using your HD account the originating address can differ based on the amount that is being send.
Currency Choose which currency you're selling for. For instance, if you're selling in France you should select EUR. You can use this list to find what your currency acronym is. Margin or Price equation The easy way to price your advertisement is to enter a margin you want above the Bitcoin market price.
To do that, enter a percentage in the margin field. If you want more control over your price, you can use the price equation field. This will allow you to create an advanced pricing algorithm taking into account many variables.
See more in our pricing guide. If you set it to five, and you have your currency set to EUR it means that smallest trade someone can open with you will be for 5 EUR.
The maximum transaction limit sets what the biggest trade that you want to accept is. Note that if you put in a larger maximum than what you have Bitcoins for in your wallet, the actual maximum will be your wallet balance. Terms of Trade This is the text the buyer sees before he opens up a trade with you. It's a good idea to write instructions for the buyer on how you want the trade to proceed and if you have any specific instructions. If you require, for example, the buyer to submit a receipt as proof of payment before you release the Bitcoins or if you need the buyer to provide an ID, this is the place to mention it.
You can take a look at other traders advertisements for the payment method you want to use to get an idea of what good terms of trade contain. Restrict amounts to You can restrict the advertisement to only being able to open trades for specific amounts. If you enter 20,30,60 into the box a potential trade partner could only open a trade for 20, 30 or 60 EUR. Opening hours No-one likes it when someone doesn't reply.
By setting your opening hours you can limit the time when your advertisements are shown to exactly those times when you are ready to trade. Set the times acording to your own local time, but first make sure that you have your own time zone set in your user settings. Payment details Enter here specific information relating to how the buyer should pay, this can be your bank account number or e-mail address For e.
Minimum volume You can set a minium required Bitcoin trading volume before a user can open up a trade request for your advertisement. If you set this to 0. Minimum feedback Similar to Minimum volume, the feedback minimum allows you to set a minimum required feedback percentage required to have in order to open a trade using your advertisement. New buyer limit This is a specific maximum transaction limit for new users.
If a new buyer with no previous trading history wants to contact you, this is the largest amount they can open a trade for. Transaction coefficient This option works in combination with new buyer limit. If you set the previous option to 0. For the first trade it will be your new buyer limit, for the following trade it will be 1. Display reference This shows an automatically generated reference code for the trade.
It's a convenient feature to use as the buyer can enter the reference as part of the message when purchasing, allowing you to quickly match payments to trades. Reference type Let's you select what kind of reference to display. Payment window How long of a time the buyer has to make payment before the trade is automatically cancelled. Track liquidity In case you are offering Bitcoins for sale using a payment method that only allows you to accept a certain amount a day you can use this feature to limit yourself to that.
Enabling tracking liquidity lowers the maximum limit of the advertisement each time someone makes a purchase. Identified only By marking this checkbox you limit the advertisement so that only users who have verified their ID with LocalBitcoins are able to open a trade. Real name required By marketing this checkbox you limit the advertisement so that only users who have entered a real name on their account are able to open a trade. This is only availalbe for Online Sell advertisements.
SMS required By marking this checkbox you limit the advertisement so only users who have verified a phone number with us can open a trade. Trusted only Marking an ad for trusted users only allows you to create special advertisements for users whom you have trusted.
See more in our FAQ. Below is the list of currently supported payment methods on LocalBitcoins. If you are thnking about selling bitcoins with a certain payment method, check its risk level and read the topic on risk mitigation below.
If you want to see a new payment method added or have questions about the risk of a payment method, please contact LocalBitcoins support. It's a good idea to research a payment method before you start trading with it. Familiarise yourself with the terms of service and search online for other trader's experience with the payment method.
These risk levels apply only when you are selling bitcoins online as the risk comes from accepting payments that can later be charged back. When you are buying Bitcoins you are completely protected by escrow as long as you have proof of payment.
It's important to having good digital security, but it's especially important when you're trading Bitcoins. When you have advertisements up selling Bitcoin you also tell the world that you have Bitcoins, which can make you an attractive target to cyber criminals if you don't have your security in check. Most common attacks are done using spear phishing techniques.
That's where the attackers will first attempt to get access to other services that you use, mainly your e-mail or cell phone account. From there they will try to get access to your financial services. This is why it's very important to keep all of your online accounts secure , not just your LocalBitcoins account. By following these steps you can be sure that your account is protected from most security threats. Enable Login Guard from the security settings of your account to prevent logins to your account without an e-mail confirmation.
This is not enabled by default for older accounts, please make sure it is turned on.
This guide is for those who want to be actively involved in trading Bitcoins. First you need to create a sell Bitcoins online advertisement (called an online sell. raju (28; %), miles, Mountain View, CA, USA, 7, USD , 20, - 50, USD, Sell · Steven (19; %), miles, Sunnyvale, CA , USA. Frequently Asked Questions. Whether you're a new user or a seasoned trader you will find answers to all of your questions on this page. If you're new to Bitcoins.