The world’s largest peer-to-peer bitcoin marketplace, LocalBitcoins just launched a mobile app for both android and iOS users.
Founded in 2012, LocalBitcoins has been a pioneer in providing a bitcoin trading platform in emerging markets.
As of this writing, it leads other up-and-coming competitors in the peer-to-peer trading space in Latin America and Russia. Some of these competitors include; Paxful and Binance P2P.
While traders on Paxful swapped less than 5BTC in November 2021, LocalBitcoins customers traded over 40BTC within the same period. Since its launch, many LocalBitcoins users have downloaded the app.
Speaking on the company’s goal to provide inclusivity and accessibility by bringing bitcoin everywhere, Chief Marketing Officer (CMO), Localbitcoins, Jukka Blomberg said:
“Listening to the needs of our customers worldwide, we are aiming to improve and tailor our service to fulfil those. Our customers had been pushing for a mobile app and as a result, we developed one.”
Some of the key features on the LocalBitcoins app include the ability to easily buy and sell Bitcoin everywhere quickly and securely too, multi-language functionality with more than 190 countries supported.
It also supports multi-language users, absolutely no charge on user-to-user transactions supports almost all global currencies, supports more than one hundred different payment methods.
That’s not all, it also supports having a bitcoin wallet free of charge, offers high security using biometric and two-factor authentication.
Offers low fee or no deposit fees and no transaction fees between users. Users enjoy a 1% escrow fee from advertisers and also a Bitcoin blockchain withdrawal fee.
LocalBitcoins also offers fast and localized customer support available 24/7, in 10+ languages.
Unlike stock exchanges and Bitcoin trading websites, on LocalBitcoins, you are dealing with humans.
It allows you to trade directly with another person, making the process customizable, easy and fast, as there is no corporate overhead.
On LocalBitcoins, you can get your Bitcoins instantly, as it aims to support every suitable payment method supported by its user community.
LocalBitcoins offers escrow protection for every trade, ensuring the safety of both bitcoins and traders.
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