How to use local bitcoin

This is a common pattern for Koreans to transact with local Bitcoin, almost 99% of the time.

 

1. Local Bitcoin Buy Bitcoin

(1) Transactions through domestic accounts

(2) Purchase with NETELLER

(3) Buy with Skrill

(4) Purchase with PayPal

(5) Meet offline

(6) Purchase by credit card

 

2. Local Bitcoin Bitcoin Sales

(1) Transactions through domestic accounts

(2) meet offline

(3) Transactions through overseas accounts

 

Bitcoin Buying Guide

 

The most reasonable way to purchase bitcoin is to transfer it to the seller with a domestic account and receive bitcoin in your wallet. It is generally 5% more expensive than a direct transaction through a coin exchange (Bithumb, Upbit).

 

There is also a way to purchase other cryptocurrencies such as NETELLER, Skrill, or PayPal to purchase bitcoin again.

 

In the case of offline transactions and credit card transactions in Korea, it was occasionally seen in the past if local bitcoin was not active, but it is not currently.

 

Bitcoin Selling Guide

 

This is also the most attractive route through domestic bank account transactions. This is not much different from the actual transaction price than purchasing. At the level of 2-3%, those who say they are uncomfortable with withdrawing through a fixed exchange every time after earning through BitMEX This is often the preferred method.

 

Occasionally, there are people who sell bitcoin and want to receive it into an overseas account. In this case, you can receive an overseas account in any country as long as you have the SWIFT code of the overseas account.

 

There are very few offline transactions, and in the case of NETELLER and Skrill, there is an option to recharge with Bitcoin by itself, so it is omitted.

 

Authentication method

 

LocalBitcoin requires authentication when transacting with new sellers/buyers after the site's own first authentication. After authentication, transactions are possible without authentication, and the required documents are not special, but they are meticulous.

 

Bank account information, Skrill account, NETELLER account, PayPal account, and a photo is requested, and more than 95% of the authentication is completed.