How to Download Local Bitcoin App and Avoid Common Mistakes
Download Local Bitcoin App: A Guide for Beginners
If you are interested in buying and selling bitcoins in a fast, easy, and secure way, you might want to consider downloading the Local Bitcoin App. This app is a mobile version of the popular peer-to-peer bitcoin exchange platform, LocalBitcoins.com, which allows you to trade bitcoins with people near you or online. In this article, we will explain what the Local Bitcoin App is, how to download and install it, how to use it, and how to secure your account. We will also answer some frequently asked questions about the app.
What is Local Bitcoin App?
Local Bitcoin App is an app that lets you access the features and services of LocalBitcoins.com on your smartphone or tablet. LocalBitcoins.com is a website that connects buyers and sellers of bitcoins, who can agree on the price, payment method, and location of the trade. You can use the app to find local or online traders, chat with them, send and receive bitcoins, and manage your account.
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Benefits of using Local Bitcoin App
Some of the benefits of using Local Bitcoin App are:
You can buy and sell bitcoins anytime, anywhere, with just a few taps on your screen.
You can choose from a variety of payment methods, such as cash, bank transfer, PayPal, gift cards, and more.
You can enjoy low fees, as LocalBitcoins.com only charges a 1% fee to the advertiser of the trade.
You can protect your privacy, as you don't need to provide personal information or ID verification to use the app.
You can access a large and diverse market of buyers and sellers from over 200 countries.
You can benefit from the reputation system, escrow service, and dispute resolution process that LocalBitcoins.com provides.
How to download and install Local Bitcoin App
To download and install Local Bitcoin App, you need to follow these steps:
Go to the official website of LocalBitcoins.com and click on the "Get it on Google Play" or "Download on the App Store" button, depending on your device.
You will be redirected to the Google Play Store or the Apple App Store, where you can download the app for free.
Once the app is downloaded, open it and accept the terms and conditions.
You are now ready to use the app. You can either log in with your existing account or create a new one.
How to use Local Bitcoin App
To use Local Bitcoin App, you need to have an account on LocalBitcoins.com. If you don't have one yet, you can create one using the app. Here's how:
How to create an account and verify your identity
To create an account and verify your identity, follow these steps:
On the app's home screen, tap on the "Register" button.
Enter your email address, username, password, country, and referral code (optional).
Check the box that says "I'm not a robot" and tap on "Register".
You will receive a confirmation email with a link. Tap on the link to activate your account.
To verify your identity, go to your profile settings and tap on "Verify phone number". Enter your phone number and wait for a verification code. Enter the code and tap on "Verify".
If you want to increase your trading limits and trust level, you can also verify your email address, ID, and real name. Tap on the corresponding options and follow the instructions.
How to buy and sell bitcoins on Local Bitcoin App
To buy and sell bitcoins on Local Bitcoin App, you need to find a suitable trader, initiate a trade, and complete the trade. Here's how:
Finding a seller or buyer
To find a seller or buyer, you can either browse the list of advertisements or create your own advertisement. To browse the list of advertisements, follow these steps:
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On the app's home screen, tap on the "Buy bitcoins" or "Sell bitcoins" button, depending on what you want to do.
You will see a list of traders who are offering to buy or sell bitcoins in your area or online. You can filter the list by location, payment method, price, and amount.
Tap on the trader's username to see their profile, reputation, terms of trade, and feedback.
If you find a trader that meets your requirements, tap on the "Buy" or "Sell" button to start a trade with them.
To create your own advertisement, follow these steps:
On the app's home screen, tap on the menu icon and then tap on "Post a trade".
Select whether you want to buy or sell bitcoins, and choose your location and payment method.
Enter the amount of bitcoins you want to buy or sell, and set your price margin. You can also set other options such as minimum and maximum transaction limits, opening hours, and trade instructions.
Tap on "Publish advertisement" to post your ad on the website. You will receive notifications when someone responds to your ad.
Initiating a trade
To initiate a trade, follow these steps:
After you tap on the "Buy" or "Sell" button on a trader's profile, you will see a trade request screen. Enter the amount of bitcoins you want to buy or sell, and optionally add a message to the trader.
Tap on "Send trade request" to initiate the trade. The trade will be automatically canceled if the trader does not respond within a certain time limit.
You will be taken to the trade chat screen, where you can communicate with the trader and see the details of the trade. The bitcoins will be held in escrow by LocalBitcoins.com until the trade is completed.
Completing a trade
To complete a trade, follow these steps:
If you are buying bitcoins, you need to pay the seller according to the agreed payment method and mark the payment as complete. You can also upload proof of payment if required.
If you are selling bitcoins, you need to wait for the buyer to mark the payment as complete and verify that you have received the payment. You can also request proof of payment if required.
Once both parties have confirmed the payment, the bitcoins will be released from escrow and transferred to the buyer's wallet. The trade will be marked as completed and both parties can leave feedback for each other.
How to secure your Local Bitcoin App account
To secure your Local Bitcoin App account, you should follow these best practices:
Setting up two-factor authentication
Two-factor authentication (2FA) is a security feature that requires you to enter a code from your phone or another device when logging in or performing certain actions on your account. To set up 2FA, follow these steps:
Go to your profile settings and tap on "Security".
Tap on "Two-factor authentication".
Select the type of 2FA you want to use: SMS, email, or app (such as Google Authenticator or Authy).
Follow the instructions to enable 2FA and scan the QR code or enter the secret key.
You will need to enter the 2FA code every time you log in or perform sensitive actions on your account.
Using a strong password and backup code
You should use a strong password that is hard to guess and different from other passwords you use. You should also write down your backup code and keep it in a safe place. Your backup code is a 12-word phrase that can help you recover your account if you lose access to your email or phone. To change your password or view your backup code, follow these steps:
Go to your profile settings and tap on "Security".
Tap on "Change password" or "Backup code".
Enter your current password and your new password or backup code.
Tap on "Save