Is LocalBitcoins A
LCXwire.com has released a potentially controversial article "How Does LocalBitcoins Work
For Beginners? Is It Legal, Legit, Safe In 2022? Reddit Says Yes!", bringing some cause for
concern, as the article may upset Bitcoin Traders who typically prefer the security of more
Selling bitcoin at a high price
means you receive a high amount
of fiat currency for a low amount of
bitcoin, with typically a standard
These Bitcoin traders look for every advantage in maximizing
profit, which includes how and where they buy or sell their Bitcoin.
Although willing to accept market
risks, these cyrpto traders generally
look for security in the crypto
exchanges used to trade Bitcoins.
The 3,300 word article examines the controversial process LocalBitcoins uses to
match sellers to buyers. The article provides an in-depth review and explanation
of how LocalBitcoins works as an exchange, and whether the exchange is legal
LCXwire.com explains how
LocalBitcoins works and the
risks and opportunities for using
the Peer-To-Peer network
Users can advertise their sales price and payment options for selling Bitcoins.
Unlike in the crypto exchanges, buyers then have an opportunity to directly work
with the seller on the terms of the transaction.
A spokesperson for LCXwire.com,
Ron Packer, says "Of course
LCXwire.com never sets out to
intentionally upset anybody.
The aim of our articles is first and foremost to help Bitcoin traders, especially
beginners, gain a better understanding of the opportunities and risks, as well
as the restrictions, of using LocalBitcoins as a crypto exchange for Bitcoin.
In publishing the article, it is
critical that we stay dedicated
to our true voice.
The article,"How Does LocalBitcoins Work For Beginners? Is It Legal,
Legit, Safe In 2022? Reddit Says Yes!" might unsettle Bitcoin Traders who
prefer to use more regulated exchanges.
Selling bitcoin on a P2P network
provides an opportunity to lower ove