Bitcoin is a decentralized digital currency, it is not backed by any single country or bank and is usable anywhere in the world by anyone with a computer or smartphone and access to the Internet. To read up more on what Bitcoin is you can take a look at these websites.
The best way is to store your Bitcoins in a wallet on your computer or mobile phone, as that gives you complete control over your Bitcoins. We recommend using a Bitgo wallet. Create a wallet on bitgo.com
Cash To Crypto sellers go through a rigorous verification process to be approved to sell on the site. In addition to that, these sellers are very experienced and have traded bitcoin for years.
Next to each advertisement on the website the price of a Bitcoin for that advertisement is shown as currency per Bitcoin. For example, if we are buying Bitcoin with the currency US dollars the price would be shown as 500 USD / BTC. This means that if I wanted to buy 1 Bitcoin it would cost me 500 US dollars.
Absolutely! In each advertisement, you see what's called limits. That shows you the least and the highest number of Bitcoins that you can buy from that advertisement.
One Bitcoin can be divided into much much smaller pieces, the smallest piece is called one satoshi and is the same as 0.00000001 BTC.
If you are looking to buy bitcoin please take a look at the instructions page.
Simply follow these steps:
1. Place an order with the seller of your choice
2. Make a cash deposit to the account shown within 2 hours
3. Upload a photo of your receipt and selfie with the receipt.
4. The seller will process your order usually within a few minutes.
I've waited 60 minutes and my transaction is still pending, now what?
The Bitcoin network might be experiencing congestion, in this case transactions will take much longer to go through.
Bitcoin transactions have to be confirmed by the Bitcoin network. When a transaction is made it gets sent into a transaction pool from where it is bundled up into blocks that Bitcoin miners confirm through mining. Blocks get mined on average every ten minutes and only a finite number of transactions can fit into each block. Sometimes blocks can take much longer or much less time to mine. On rare occasions there can be several hours between successfully mined blocks. This means that the pool of unconfirmed transactions grows larger than what can fit into a single block, making it take a long time for transactions to become confirmed. Once the transaction has been included in a block and has been mined, it has been confirmed once. When the confirmation count of the transaction reaches a certain threshold, usually 3-6 confirmations, the transaction appears in the receiving wallets. You can read more about confirmations on the Bitcoin wikipedia and you can see the current number of unconfirmed transactions on the Bitcoin network here.
To check the status of your Bitcoin transaction
If your transaction has...
Bitcoin transactions are irreversible, once you’ve sent money to another Bitcoin address it is not possible for you or LocalBitcoins.com to reverse it. To get your Bitcoin back you can try to find the owner of the address and ask them to return the Bitcoin to you. From where did you get the address where you sent the Bitcoins to? You can try googling the address to see if is related to any Bitcoin service that has contact details or you can try using a service such as wallet explorer to see if the wallet is tagged as belonging to a Bitcoin company.