Saturday, 4 March 2017

LocalBitcoins Vs Bitbargain Vs Remitano

After trawling through exchanges to buy Bitcoins I have decided to write an article on the top 3 that I currently use or have used and my reasons behind them

I will Start with LocalBitcoins

LocalBitcoins has been around since 2012 and is probably one of the first sites you will come to if you want to Buy Bitcoins. It allows people to both buy and sell Bitcoins at the price they set with many many ways of paying, one of those being cash on collection. They allow you to search for local sellers and pay cash which seems alot of people prefer to do. Personally I try and keep it to bank transfers as everything is held in escrow until it has been confirmed by both sides

BitBargain is another site that has been around for a while (unable to find exact founded date) and again is another big name you will come to when searching for buying/selling Bitcoins. It is very much like LocalBitcoins it the way it works with escrow and the users selling or buying Bitcoins but has fewer payment options, nearly all options are online transactions. BitBargain is probably the one trading platform that I feel the safest on, they have tons of verification for the sellers to do. The sellers even have to carry out an exam and get 100% to be allowed to sell Bitcoin on the site. Buyers also have to do some verification, this is mainly to re assure the sellers that they are using a legitamte bank account and not trying to pay with any stolen or illegal methods.

I highly recommend BitBargain and I carry out most of my trades on here

Remitano is probably the newest player on the market, it follows the same platform as Bitbargain and LocalBitcoins. The website is clean and fresh and feels good to use, I have only seen good reviews so far for the website although I am yet to carry out a trade. I dont know if this is down to low UK traffic or my online times. Remitano has the highest traffic from Vietnam and Malaysia and I think may still require a little bit of time to grow in the UK. Buyers and Sellers still go through the same escrow service when selling and all sellers must have ID verification

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