Sign Up

Stay organized with Localbitcoins. Registration/verification process | Onlinesim

  • Mar 15, 2023, 4:09 PM
  • 5 minutes

Stay organized with LocalBitcoins. Registration & verification process

LocalBitcoins is a popular exchange for peer-to-peer (p2p-) bitcoin trading. The LocalBitcoins platform directly brings buyers and sellers together with more than 40 payment methods. LocalBitcoins only supports bitcoin trading, allowing traders to use a variety of fiat currencies, including U.S. dollars, euros, pounds, and more. LocalBitcoins platform is available to residents of 248 countries and 7789 cities worldwide.

Let's understand how the service works, how the process of registration and verification of the account is carried out, and why to use a virtual phone number for this process.

Features of LocalBitcoins

The appearance of LocalBitcoins works in all major web browsers as well as computer and tablet operating systems, while the mobile app is only available for Android devices. The interface of LocalBitcoins exchange features a simple design that allows users to find what they need.

Trading on LocalBitcoins

Other traders' offers can be found in the "Quick Buy" and "Quick Sell" tabs. Before that, the user should select his country of residence from the drop-down menu. Next, choose your preferred payment method from the "All Offers Online" list and click "Search" to see a list of traders that match your criteria to select offers from the list. Next to each request is a "Buy" or "Sell" button. Study the reputation of the seller and the buyer, see how many trades they have made, and see their rating in the system along with their verification status.

LocalBitcoins security

The LocalBitcoins platform includes security features such as two-factor authentication, HTTPS encryption, SMS and email alerts, and PGP encryption for email and escrow service. The escrow service is used to retain funds sent by the buyer. Funds are released after the seller confirms that the transaction was successful. Localbitcoins does not store cryptocurrencies for buyers; sellers on this platform use escrow services to store funds temporarily.

Creating a LocalBitcoins profile. Ways to register and use your number

The LocalBitcoins registration process is straightforward:

  1. Go to the LocalBitcoins website and click Sign up free and LocalBitcoins login after.
  2. Then, enter your username, email, and password and click LocalBitcoins Sign in.
  3. On your email, you should click on the link that appears to confirm your email address.
  4. The user must specify the country code, LocalBitcoins phone number, country of residence, estimated trading turnover in euros, and other things. We recommend using a virtual phone number to protect yourself from fraudsters. Virtual numbers from OnlineSim are the best option for verification on LocalBitcoins. We'll talk about that a little later.
  5. On the next page, where you have to enter the code sent to you in a text message, you will find yourself at the initial "level 0".

In their created LocalBitcoins accounts, the user can go through subsequent verifications to get to levels 1, 2, and 3, allowing various transactions. You will have to go through the suggested verification steps to improve your status on Localbitcoins. "Level 0" assumes a transaction volume of no more than €1000 per year, "level 1" up to €20,000, "level 2" up to €200,000, and "level 3" an unlimited transaction volume.

LocalBitcoins wallets is an excellent way to buy or sell bitcoins with many advantages for traders. If a user wants to buy bitcoins or sell using their country's currency, LocalBitcoins is a great choice.

Passing LocalBitcoins verification using a virtual number

Virtual SIM cards have taken their place these days. They are more convenient to use than physical SIM cards. There is no need to change SIM cards in your phone whenever you need to change your number; you can easily switch directories in your personal account if you use services from OnlineSim service. Virtual numbers can be used for many purposes, and user verification is one of them. You won't need to type in any PINs; you can simply copy and paste the PIN from your account directly on the LocalBitcoins platform.

Visual numbers' main principle is choosing a reputable online SIM service. Otherwise, you'll be waiting forever for a verification code. A reputable virtual SIM number provider like OnlineSim will offer you free trials, provide a high level of security for your data, and offer a wide variety of content to choose from. The numbers you buy will be yours alone.

Check out LocalBitcoin's step-by-step verification process if you use the virtual directory service.

Step 1

Choose a virtual SIM card provider OnlineSim. Try it for free to see if it's reliable.

Step 2

If satisfied, register on the website and top up your balance.

Step 3

Buy a number. During this process, you will be able to choose your desired location.

Step 4

Go to the LocalBitcoins site and start the registration process.

Step 5

At the step where you need to enter your phone number, please enter your virtual number purchased on OnlineSim.

Step 6

Check your virtual account, and the authentication code will be delivered as a message. If the message didn't arrive, contact your virtual SIM provider. If you have chosen OnlineSim as your virtual number provider, you do not have to do this, as the messages arrive immediately.

Step 7

Please copy the code and paste it into the appropriate field on the LocalBitcoins platform.

Step 8

It is Done. Complete the registration process and enjoy the features of LocalBitcoins.

Virtual Directory is a simple and reliable technology. Check out the OnlineSim website, and you'll see how intuitive everything is. Try it for free to see the quality of the service. Prices are pretty loyal compared to other mastodons in this area. You can choose from 10,000 content numbers from more than 30 locations worldwide.