LocalBitcoins is a peer-to-peer exchange that enables users from various regions to trade local currency for Bitcoin directly with one another, allowing them to negotiate all terms and payment methods. Unlike other platforms, LocalBitcoins facilitates direct transactions between individuals. With over 1 million active users and a trading volume exceeding $600 million, it is particularly popular in regions with limited banking infrastructure. Based in Finland, this exchange offers unique features and registration practices, which will be explored in this article.

Overview of LocalBitcoins Exchange

LocalBitcoins was established in 2012 with the mission of connecting people around the world to the digital economy. It aims to make Bitcoin trading accessible, particularly in underserved regions, by enabling individuals and communities to trade freely without worrying about borders or restrictions, promoting greater freedom and economic opportunity.

The platform features a user-friendly interface where customers can browse peer-to-peer offers to exchange their local currencies for Bitcoin at rates set by the offer makers. LocalBitcoins supports a wide range of national currencies and payment methods, providing users with many options.

When a user engages with an offer, a chat room opens for negotiating the transaction. Traders can review each other’s reputation scores, and messages, files, or images can be shared within the chat. The platform also uses an escrow system that holds the Bitcoin until the transaction is finalized, ensuring security for both parties.

After the trade, all Bitcoin is sent to LocalBitcoins’ highly secure wallet. Users can either store their coins there or transfer them to an external wallet. To protect customers, the platform employs advanced encryption, notifications, two-factor authentication, and additional security measures for every transaction.

There is a small fee for processing transactions, which covers server resources, security, and other operational costs. Accessible via their website, the platform also offers links to their social media profiles, blog, customer support, FAQs, and registration details, all of which are further explained in their tutorials.

What is the LocalBitcoins Registration Process?

This platform is used by many people globally, so the developers have implemented extra security measures for transactions and account registration. The sign-up process involves several steps and may take some time to complete.

Here’s an easy-to-follow guide:

• Visit the official website and navigate to the registration page.  
• Create a username and provide your email address.  
• Set a strong password.
• Review and accept the Terms of Service and Privacy Policy.  
• Verify your identity to confirm you’re a real person.

How do you verify a LocalBitcoins account? You’ll need to complete three steps:

• Verify your email by clicking the link sent to your inbox.  
• Complete your profile by providing your first name, last name, mobile number, country, and an estimate of your annual trading volume. You will also need to disclose any political affiliations.  
• Confirm your mobile number by entering the code sent to your phone via SMS.

A phone number can improve security, help identify dishonest users who violate the terms of service or engage in money laundering on the LocalBitcoins exchange. It also helps prevent the creation of duplicate fake accounts. The service is available in most countries, so you can register from anywhere. However, it’s wise to confirm that your information is accepted.

You don’t need to provide a SIM-powered phone number or email for registration. Using disposable information for verification will not affect your experience. While obtaining an alternate email is easy, acquiring a fake mobile number can be more challenging. The best option is to use virtual numbers that can receive SMS messages from the LocalBitcoins exchange.

How to Verify Your LocalBitcoins Account Using Virtual Numbers?

Virtual numbers are unique phone numbers that function over the Internet without the need for a SIM card. You don’t have to provide any personal information to use these numbers, making them exempt from government regulation.

Virtual phone numbers are ideal for anonymous registration. Since no personal data is necessary to access this service, they offer a completely safe and convenient option for online registrations.

Let’s explore what LocalBitcoins registration with Brazil virtual number entails:

1. Go to PVAPins.com and create an account.

2.  Deposit funds into your PVApins account.

3.  Select the Brazil virtual number service LocalBitcoins.
4.  Copy the virtual number provided by PVAPins.
5.  Open LocalBitcoins and begin the registration process.
6.  When prompted for a phone number, paste the virtual number from    PVAPins.
7. Wait for the verification code to arrive at your virtual number.
8.  Return to PVAPins, refresh the page, and retrieve the verification code.
9.  Enter the code into LocalBitcoins to verify your number.

To enhance your registration experience, you can receive SMS online without compromising your personal information.