Localbitcoins Affiliate / Referral Program
Localbitcoins Affiliate Program Url: https://localbitcoins.com/affiliate/
Website Url: http://www.localbitcoins.com
How to contact: https://localbitcoins.com/support/request/
What is it? Fastest and easiest way to buy and sell bitcoins
Category: Exchange
Affiliate payout in Bitcoin? YES
Which non-Bitcoin payout methods do they support? SEPA,SWISH,QIWI,EgoPAY,PINGIT,MOBILEPAY,YANDEX MONEY,XOOM,UKASH,POSTEPAY,WESTERN UNION,INTERAC e-transfer,Paym,ALIPAY,ASTROPAY,BPAY Bill Payment,EASYPAISA,TRANSFERWISE,PAYEER,PAXUM,hyperWALLET
Revenue Share Percentage: 20%
One Time Commission: NO
Lifetime Revenue Share: 20%
Affiliate Referal Commission: no information
Additional Program Info: Revenue share is only for one year.
Supported Crypto-Coins: Bitcoin
US Users / Players allowed? YES
LocalBitcoins is the largest peer-to-peer service that helps Bitcoin buyers and sellers who live close to each other make personal and online transactions possible. The platform also offers a trustee service that is used to ensure the fairness of every transaction made by users.
The company is one of the oldest stock exchanges in the industry and was founded in 2012 by Jeremiah Kangas, a programmer and entrepreneur. The company currently operates in 248 countries and 13774 cities and is based in Helsinki, Finland.
Verification
LocalBitcoins respects the anonymous nature of Bitcoin, so it has no mandatory identification. and no personal information is required. The e-mail address is the only thing needed for registration. While the exchange does not require any personal information, some sellers or buyers may require identification to continue trading.
When it comes to Fiat currencies, users are free to trade in any currency, which means that if there is someone willing to accept your local Fiat currency, you can buy Bitcoins for it. The exchange only allows trading in Fiat currency for Bitcoin. No Altcoins are supported.
Fees for LocalBitcoins
LocalBitcoins leaves everything to the users and tends to keep things simple. The same applies to fees. A simple 1 percent fee is applied to all transactions. The seller pays the fee.
Of course, the usual Bitcoin network fees apply to all transactions. Sellers are free to form their own BTC price, so usually they include a negotiation fee by asking for higher exchange rates.
LocalBitcoins Trade Analysis
The exchange does not have a typical brokerage business model, but a peer-to-peer network that connects sellers with buyers in the region. Traders place ads on the platform with exchange rates and accepted payment methods for the purchase or sale of Bitcoins. Other users respond to these ads and agree to meet the merchant to complete a transaction, in person or online.
LocalBitcoins also has a reputation system and feedback mechanism to help members distinguish legitimate merchants from fraudsters. The trading platform also offers a trustee service to strengthen trust between the parties and a conflict resolution service to help users overcome misunderstandings.
Users are advised to be cautious when trading on LocalBitcoins because it is possible to get scammed. Finally, the deal is made between individuals. Here are a few things you should keep in mind when dealing.
The seller should meet these requirements:
- Has a feedback score of 98 percent or higher
- Has traded over 100BTC in trading history
- Has successfully completed at least 100 trades
- Has an account older than one year
- Is a verified seller
- Classified as trustworthy by 10 or more people.
Do not place ads for the purchase of Bitcoins, because these types of ads usually attract fraudsters. Do not choose your seller solely on the basis of price.
When it comes to communication, don’t:
- Agree to trade outside the stock market
- Send more information before you receive a response from the seller.
- Sending payment information outside the exchange (no e-mails, phone calls, etc.)
Even large traders can refuse to sell crypto currency to new users without feedback. In this case, a new user should do some smaller business with lesser known sellers in order to get positive feedback and be included in the “big league”.
The Exchange does not support derivatives or futures trading. There is also no margin trading, short selling or other options as it is not the traditional trading platform.
Usability
LocalBitcoins.com offers well-defined information, and the entire website is easy to use and accurate. All the information you need is available in no time without you having to worry about searching. Registration only takes 20 seconds and the site is very fast. Nothing but praise for the design.
Support
The LocalBitcoins support team is well organized and competent. Their FAQ section is quite thorough and they offer special forms to report phishing, lost two-factor authentication or password.
They only offer email support, but the overall service is excellent. The support team usually responds within 1 hour.
User Experience
Many users are cheated on LocalBitcoins, especially through peer-to-peer interaction. There are many scam reports across the web that have damaged the reputation of LocalBitcoins. The stock market is still a great place to buy or sell Bitcoins, but it is the user’s responsibility to stay safe and inform themselves about the potential dangers of peer-to-peer trading.
The trading platform also provides a place for fraud and fraud alerts, where users can share their experiences with other traders.
LocalBitcoins Security
The exchange has a strong security with two-factor authentication, HTTPS encryption and login guard. LocalBitcoins also has a great white hat program for security researchers that helps the exchange stand out from the competition.
The trading platform has not been hacked in the past because of its p2p nature. They have SMS and email notifications and the coins placed in escrow are kept online on the website. PGP encryption is used for email communication.
Conclusion
The LocalBitcoins are the best way to buy Bitcoins if you want to protect your privacy and trade locally. Otherwise there may be too much trouble.
Advantages
- Private and fast
- Easy to use
- No ID verification required
Drawbacks
- Need to keep an eye out for scams
- Not suitable for bulk purchasers
Overall great exchange, but perhaps not the best choice for beginners. Do you have good or bad experiences with this Bitcoin Exchange? Please share it with us!
Go to localbitcoins.com