localbitcoin tutorial

The LocalBitcoin site is closing its doors and here is the replacement site

7 April 2019

The LocalBitcoin platform has closed its doors and it is no longer possible to register. You can use other peer-to-peer platforms as Noones.

You can buy bitcoin on Noons is a very good option for those who want to buy cryptos on peer-to-peer platforms. It is also a very used site in Africa because it is then possible tobuy bitcoins with CFA franc.

Buying bitcoin on Noones gives you the option to pay with countless payment methods. Although it is even simpler to'buy bitcoin by bank card, it is still sometimes useful to use P2P platforms.

Now, rest assured, it's very easy to buy bitcoins on LocalBitcoin. I wrote this short tutorial to show you how to do it.

You'll see, it's very easy.

1/ Find offers to buy bitcoin

Yes, one of the best ways to do this is through the platform Noons. It has even become the ultimate reference for everyone who wants to use the payment method you want. Here are the steps to follow to easily buy your bitcoins on the platform.

The first step is for you create an account on Noones.

CFA franc bitcoin

There, in the search bar, type the currency that interests you (in what you pay), therefore the euro. Then, you can select the country of your choice. You can choose France to be able to find bitcoin sellers who speak French. This will initially make your purchase easier. Then, most importantly, enter the payment method you are interested in. Here, in our example, we have chosen the payment method with PayPal.

You can choose from over 150 payment methods!

Then, now you can start the search.

So, to fully understand how LocalBitcoin works, know how to read the information on the platform.

2/ Choose the right seller

  • On the far left is the seller's username. If there is a little green circle, it is responding very quickly. Also, you see in parentheses the number of transactions he has already made on the platform. You also see its satisfaction/quality rate. In general, select sellers with a 100% rate, especially if you are a beginner.
  • Then you have the payment method that the seller authorizes. There, in our example, we chose to display only those who sell by Paypal.
  • In the middle is the price of bitcoin for each seller. You will see that this differs for each seller. It's up to you to choose the rate that seems most attractive to you.
  • On the right, you have the maximum amount that the seller has for sale. You won't be able to buy more than he has, naturally.

Once you have chosen your seller, simply click “Buy”.

  1. You enter the amount of your choice with a short explanatory message to the seller.
  2. You will have a window that will open (for 90 minutes) to carry out your operation.
  3. Once the seller receives the amount in euros in their Paypal account, then the equivalent amount in bitcoin will be sent to your LocalBitcoin account.

So! Congratulations! You have finally bought your bitcoins!

Now you can send them directly to your bitcoin wallet of your choice.

Why are peer-to-peer sites useful?

These are easy-to-use platforms that put bitcoin buyers and sellers in contact. The platforms are widely used in Africa. Moreover, you can also convert your bitcoin into euros on this type of platform.

Can you buy bitcoin with CFA Francs?

You can also buy bitcoins on Noones for example with CFA francs and pay with orange money, MTN or Moon.

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Disclaimer: This is not investment advice. Always do your own research.

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