Connect with us

Altcoins

How to use localbitcoins.com? Is it a safe way to buy sell bitcoins?

Published

on

how to use localbitcoins.com

Understanding the working of one of the most reliable peers to peer marketplace: LocalBitcoins.com

  • Cryptocurrencies as currency

Let us see what LocalBitcoins.com Platform is all about? Cryptocurrencies, from the day one were intended to be used as a form of decentralized currency, in contrast with the centralized one, but the condition of cryptocurrencies these days seems to be far away from a currency and more of an investment asset. As the market has not gained maturity, a number of investors like venture capitalists and hedge fund investors are pouring into the industry. In this millennial generation, buying and selling Bitcoins is not any lesser obsession then clicking a selfie and posting it on social media. Hence out of Fear Of Missing Out (FOMO) a number of millennials are jumping onto the Bitcoin bandwagon in order to buy them so that they do not get a temptation that they are being left behind which has led to a number of countless hacks and scams in the name of Bitcoin. Hence, one needs to be careful about the Ponzi schemes that run around in the name of Bitcoin and safeguard ourselves from such lawbreakers.

 

  • Localbitcoins.com

Localbitcoins.com is one of the Bitcoin buying service provider, used by the user in order to purchase or sell Bitcoins by putting on advertisements on LocalBitcoins.com. Localbitcoins.com is not a cryptocurrency exchange it is just a local service which helps in buying and selling of cryptocurrencies between various users without much security compliances. This method is generally preferred for the long-term investors are those who just want to try Cryptocurrencies. however, this device high brokerage fee when compared to the cryptocurrency exchange which implies minimum fee for trading purposes.

 

Step by step let’s understand how to use services offered by LocalBitcoins.com in order to buy a certain amount of Bitcoins.


1. First of all, a user needs to register himself on the website. On completing all the registration formalities a user gets a unique Bitcoin wallet absolutely free of cost automatically without any extra work being done. If by any chance a particular user has already registered with localbitcoins.com then one can skip this particular step.

2. After the completion of the first step, the user is automatically taken to a next window where two options are available for buying and selling Bitcoins respectively. A user has to choose the number of Bitcoins, the Fiat currency (whichever is easily accessible for him), the country and the kind of offer. Kind of offer means, what kind of advertisement does he want to post. For example, if he wants to send Bitcoins he can receive the cash from the person, through Altcoins or through a number of money transfer portals like PayPal, MoneyGram, etc.

3. After selecting the appropriate locality the advertisements Bitcoin seller advertisements would be displayed to the user and he can choose any particular user to undertake transactions. The seller ratings can be checked for a better transaction. The reviews and ratings of the seller must be good enough as this is an indicator of good reputation and reliability. The response time of a particular user must also be kept in mind prior to initiating a transaction.

4. Once a particular user is selected from the list, his personal terms and conditions are displayed and if the buyer doesn’t same to fit in, then we can go back and select another user. After selecting an appropriate user after a number of trial and error. The user needs to enter the number of Bitcoins and a message to the seller which is optional and click on send trade request button.

5. Once a trade request is initiated a countdown timer starts after the completion of which, the trade automatically gets canceled if the payment or any activity is not detected. Once the payment is completed the user must click on I have paid button in order to verify the same, then the LocalBitcoins.com escrow service would release the amount of Bitcoins into the wallet address provided by it.

 

  • Is LocalBitcoins.com safe?

Founded in the year 2012 by Jeremias Kangas, the company has never been attacked by any kind of security threats. The team members are well versed with the headquarters in Finland. It offers a very easy and an interactive way to buy or sell Bitcoins privately without the intervention of any cryptocurrency exchange, by the application of the escrow service. The response time of the customer service provided by the company is very less and the seems to respond immediately to any problems related to the previous transactions. So Yes, Localbitcoins.com seems to be legit enough because it has been operating since 2012.

#Daily Price Analysis

Ripple Price Analysis: Can XRP recover?

Published

on

Ripple price is at present exchanging a range. XRP/USD must break the $0.5200-0.5250 resistance to move into a bullish zone.

MACD – The MACD for XRP is presently in the bearish zone.

Strength Index– The RSI for XRP is floating close to the 50 level.

Support Level – $0.5000

Key Points:

  • XRP price moved up a little, however, it confronted a good selling close to $0.5250 against the US dollar.
  • There is a fleeting bullish pattern line framed with support at $0.5050 on the hourly outline of the XRP/USD pair.
  • The pair may keep on solidifying over the $0.5000 support in the following couple of sessions.

Ripple price is at present exchanging a range against the US Dollar and Bitcoin. XRP/USD must break the $0.5200-0.5250 resistance to move into a bullish zone.

 

Ripple Price Analysis

Recently, we talked about that ripple price could recoup towards the $0.5200 level against the US Dollar. The XRP/USD pair moved higher and cleared the $0.5100 and $0.5180 resistance levels. The upward move was certain as the price even outperformed the $0.5200 level and settled over the 100 hourly straightforward moving normal. In any case, the price bombed close $0.5250 and the half Lie retracement level of the last drop from the $0.5610 swing high to $0.4860 swing low.

The price topped at $0.5253 and later began a drawback amendment. It moved beneath $0.5150 and the 23.6% Lie retracement level of the ongoing wave from the $0.4872 low to $0.5253 high. The current price activity is sure over the $0.5000 support region. There is a transient bullish pattern line framed with support at $0.5050 on the hourly diagram of the XRP/USD pair. Moreover, the half Lie retracement level of the ongoing wave from the $0.4872 low to $0.5253 high is going about as a support. For whatever length of time that the price is over the pattern line, $0.5000 and the 100 hourly SMA, it could recoup by and by.

 

 

XRPUSD 5 Day Chart 13 Nov

XRPUSD 5 Day Chart

 

Taking a gander at the graph, ripple price is right now uniting over the $0.5000 support. Purchasers will in all probability make another endeavor to push the price above $0.5200 and $0.5250 in the close term.

Continue Reading

#Daily Price Analysis

XEM Price Analysis: NEM on a rise after Coincheck relisting

Published

on

XEM Price showed a bullish trend earlier today as Coincheck exchange announced the relisting of the XEM coin. The XEM coin was delisted from the exchange earlier due to the hacking of the exchange that led to stealing of XEM tokens worth half a million dollars.

 

XEMUSD 1 Day Chart

XEMUSD 1 Day Chart

XEM Price Analysis

Support Level: $0.1177
Resistance Level: $0.1209

 

The price of the coin was trading around $0.092 just before the announcement of the relisting of the coin on Coincheck. Just a minute before the announcement the price started to rise tremendously and hit a high of $0.1223 showing more than a 28% rise in the last 24 hours.

The coin is currently trading around $0.1188 with the major support at $0.1177 and the resistance at $0.1209.

The XEM Token is ranked 15 according to market capitalization and showed the yearly high in January 2018 of $1.86.

The coin is expected to experience some bearish hurdles while settling down to a notable price.

Continue Reading

#Ripple

Ripple Updates: New office, XRP tip bot, Nasdaq, Trezor and more.

Published

on

Ripple has been steady in collaboration and advancements throughout the globe. Here are some of the recent advancements with respect to Ripple and XRP:

Ripple has been quite steady in collaboration and advancements throughout the globe. Here are some of the recent advancements with respect to Ripple and XRP:

XRP Tip Bot in Amazon Alexa

The XRP Tip Bot is ready to be a part of the Amazon’s Alexa. This will allow Alexa Users to easily transact their XRP by using voice command on the Alexa Device. The Alexa application developer posted on Twitter on November 6 about Alexa’s implementation of XRP

 

XRP likely to be listed on Nasdaq in 2019

A source from the National Association of Securities Dealers Automated Quotation Exchange (NASDAQ) said that the exchange’s crypto initiative in 2019 is surely interested in scalability and they cannot put apart XRP which is a top-level security cryptocurrency by market cap. The Nasdaq team also said that they believe that XRP is surely going to be the 2nd largest crypto in the future after bitcoin but there hasn’t been any official announcement for the same.

 

Trezor Model T

Trezor will likely list a list of more altcoins in the upcoming model T update of the Trezor Device which will include XRP as well.

 

Cred to provide XRP backed loans

Cred, which is a leading provider of cryptocurrency backed lending. This will help the XRP owners to get loans using their XRP as a collateral security without actually having to sell their tokens.

 

Ripple Opening office in Dubai

Ripple Labs has planned to open their new office in Dubai in order to get themselves a strong position in the middle east markets.

 

Banks adopting Ripple’s Technology

Japan’s MUFG Bank and Brazilian Bank Banko Bradesco have signed an MOU to start using Ripple Software to send cross-border payments between Japan and Brazil. The Banks will use just Ripple’s software XCurrent and not the XRapid which uses the XRP coin. Ripple also tweeted about the collaboration:

 


 

The level of collaboration that Ripple has globally has been rising day by day. However, the XRP investors are still waiting for the real adoption of XRapid which will use the XRP tokens for the transfers rather than just the XCurrent Software of Ripple Labs.

Continue Reading
Advertisement blockonix.com

Live Crypto Prices

  • BTC
  • USD
  • AUD
  • CAD
  • EUR
  • BTC
    Bitcoin(BTC) 5638.85559385
  • ETH
    Ethereum(ETH) 178.457965616
  • BCH
    Bitcoin Cash(BCH) 437.319255269
  • EOS
    EOS(EOS) 4.5827626399
  • LTC
    Litecoin(LTC) 43.2597682986
  • ADA
    Cardano(ADA) 0.0613514576
  • TRX
    TRON(TRX) 0.018763162
  • DASH
    Dash(DASH) 139.81454573
  • XEM
    NEM(XEM) 0.0938614751

Trending