Localbitcoins Review

About Localbitcoins

Localbitcoins Allows you to trade in thousands of cities and countries, including the US.

• Instant transfers, take no time at all to receive your online currencies.
• You can buy and sell, and you simply choose your location before making the transaction.
• You can find local exchangers in your area, and make a profit on trades.

What is localbitcoins?

When buying or selling, trading, or making other transactions, localbitcoins is your online virtual market for all things bitcoins. It makes the process move quickly and seamlessly; there are no paper trails, long application process, and you do not have to wait several days for the funds to hit your account. A simple online transaction allows you to have the funds in your account in no time, or make a profit when trading with other locals in your area.

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Buy/sell/send

In order to buy, sell, or send bitcoins, you are going to use your online localbitcoins wallet. Upon opening your wallet, you simply select the transaction type, and where you want to send the bitcoins to. All services are compatible with one another when using the site for transactions. Simply select the page address to which you want to send or sell, and the account will be deducted in no time.

Online security

Using localbitcoins as your virtual marketplace is a secure option for traders, buyers, and bitcoin sellers. There is a three step verification process prior to your account transaction takes place. This means you will have to enter a verification number prior to the account being withdrawn, or prior to funds being added to the account. Regardless of which address you are sending funds to, how much the transaction is valued at, or how secure the transaction may seem, prior to it going through on localbitcoins, you will have to verify the account at three different locations for your online security.

Simple to use dashboard

The online dashboard on your localbitcoins account page, allows you to see exactly what is taking place. If you have made a purchase, the seller will generally release the funds upon receipt of verification, and the account should automatically be credited. If you want to check how much you have available, or want to make another transaction, you can quickly and easily toggle through the dashboard, to perform the transaction of choice, which will take a matter of seconds for you to complete. The beauty of the online virtual world is there is no paper trial, and it will not take too long for accounts to be verified. If you want online currency or need a quick transaction process, your homepage dashboard is where to turn for quick processing, and to check for updates that have been made to your account.

Online forum

Another great feature of the localbitcoins site, is the online forum. If you are a buyer, seller, or trader, you can visit the forum to find other locals in your area, to buy, sell, and trade with. Further, you can read common post questions in the forum, you can find issues that have recently been resolved, and you can find answers to some of the most common questions that you would have as a trader, buyer, or seller on the site. Regardless of what you are looking for, what information is relevant to you, or what you want to find out about the bitcoin online currency, you will find the forum posts at the localbitcoins site, is a quick and easy way to find relevant information, new posts, and new information to your account online.

Final thoughts

If you use online currencies often, a virtual bitcoin buy, sell, and transfer site is the easiest way to go about these transactions. Not only is it quicker than traditional applications, it is also more secure, and easier to verify. With localbitcoins, you have the benefit of being able to see other locals in your area, making the transaction easier, and quicker. And, with additional security features in place, including the online three step verification code, you know your credit cards and cash payments are safe, and you also know the purchases you make are going to be directly applied to your account, and not erroneously added to someone else's account.

Coinmama Review

Coinmama Offers a quick way to buy bitcoins online.

• Cash and credit card transactions are accepted.
• Offers affiliate program so you can earn with them.

What is Coinmama? -

Coinmama is basically an online virtual shop, where you can buy bitcoins and litecoins online. It allows for a quick and easy purchase transaction, with just a click of the mouse upon registering, you will be able to purchase. You simply select your payment method, select the amount you want to purchase, and at checkout will receive a receipt for your purchase.

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Why use coinmama? -

It is a flexible, easy online virtual community, allowing for quick money transfers, quick purchases, and allows you to purchase bitcoins seamlessly online. Using your debit or credit card, cash, or even western union the funds over, and you can purchase. No lengthy paper trail, no long waits, and no long application process; simply sign up for an account, apply a payment method, and you are ready to purchase.

Simple transfer process -

You do not have to wait for your online currency to transfer. Upon verifying the account is yours, the virtual currency will appear in your online wallet immediately. It will never take more than a few hours to transfer to your online account; typically, transfers are made right away, and the currencies will be available to you instantly. Upon receiving the MTCN (ID Number), your account will be verified, and the currency will be available for use.

Purchase process/ amounts -

When buying bitcoins or litecoins on coinmama, you simply have to select the purchase total; if you want to buy fewer or more than the designated amounts, simply click on buy a different amount to do so. There are limits in place as to how much you can send, if paying with western union or other transfer methods, but the process is quick and easy. You must enter personal information on the site, but your payment information will never be stored on the site, for security reasons.

Coinmama's Features -

For starters, and friendly, easy to use interface, makes purchasing online currencies quite simple to do. Using the online virtual transfer site, you will find coinmama literally requires no guesswork when applying for an account, or purchasing online currencies. New security features have also been added to protect your online currencies. The new multiple verification method requires a three step process prior to your online currencies being available for use, but it secures your online transactions. Google checkout, wire transfers, and new payment methods via credit card, are also in place to make the online purchase process safer.

Additional features include a real time price calculator, so you know the exact values and transfer rates, to ensure you get the best value when you purchase online currencies with coinmama. A new transparent affiliate system also allows you to keep track of your referrals, and earnings through the site, so you always know how much you have available to you. Further, online communications, and different social media sites can be connected to using coinmama, to make the online purchase process as easy as possible.

Security -

The site does offer optimal security, so you can feel secure each time you enter your credit card information to place a purchase. Although it does not cater to US residents, or companies, it does allow for easy transfer for those who are outside the US, looking to buy bitcoins. With additional security features in place, along with the three step verification system, you do not have to worry about online fraud, or security issues, if you do choose to make a purchase through the online virtual account.

Final thoughts -

If you are looking to purchase virtual currencies, and want to find a simple online process, coinmama provides the easy to use virtual system. Not only does it take only a few minutes to set up your new account, but upon setting up your account, you are immediately able to purchase. It features great security, three step verification processes, and incorporates additional security measures for credit card purchases on the site, so you do not have to worry about online fraud, or theft occurring, if you do make purchases through the online virtual currency site system.

Coinbase Review

What is Coinbase

Bitcoin exchanges entirely rely on wallets for any kind of transaction whether trading, transfers, withdrawals or purchases. It is from wallets that merchants can view their balances and initiate exchange since it allows the use and acceptance of Bitcoin currencies. However, there are many companies that provide wallet services in both online and offline applications. For this reason, it is important to ensure you pick the right Bitcoin wallet that guarantees efficient service including tracking and security. Coinbase is one such wallet company that enables Bitcoin exchanges.

What is Coinbase?

Coinbase simply refers to a recognized international digital wallet used to secure and accept the transactions involving Bitcoin currency. This company provides sever based services as well as offline modules and mobile applications that allow traders to transact from anywhere in the world. It also provides security measures and procedures to ensure trading is kept secure. To make this possible, Coinbase includes certain combinations of services.

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Coinbase services and benefits

There are many services that this system puts together to ensure merchants can trade (buy and sell) using Bitcoin in a secure environment. These services are what distinguish Coinbase from other digital wallets. Some of the benevolent services merchants enjoy from using Coinbase include the following;

Committed security

Wallet security is among Coinbase’s predominant strategies exhibited at every level of service provision. All employees are subjected to a criminal background investigation to ensure no fraudulent personnel are part of the organization. The entire server is run under secure encrypted SSL https and wallets are stored using a superior AES-256 encryption. Private keys also use the same encryption and Coinbase practice the use of separate passwords as well as two factor authentications. Besides the username and passwords, there is an additional expiring code that is entered from the mobile phone as an extra security layer. Other security regulations performed by this site include authenticity verification through SQL injection filters, attribute white-listing and actions limiting. These measures ensure all possible vulnerabilities are covered and user information is protected.

Offline backup

Coinbase allows users to store their data in personal offline PCs and links are detached to ensure security is not compromised. Sensitive data in the server can be split, encrypted and then copied to USB drivers (FIPS-140) as well as paper backups. The drives are then distributed in safety vaults or deposit bags to any geographical area. Coinbase also stores up to 97% client funds in offline bank vaults. This further enhances security measurements taken.

Mobile wallet

The ability to transact Bitcoin exchanges from anywhere in the world is a strong pro for Coinbase. They provide efficient apps customized for mobile phones which are just as secure as all other models of this service. There are various security restrictions in place to ensure all transfers or withdrawals made are genuine and secure. The mobile use, which is available for android and iPhone, also enables use of text message notifications and communications.

Other currency

Coinbase allows users to buy Bitcoin using US dollars and can also trade them for the same. Bank accounts can even be hooked up to enable these transactions just like other regular purchases, but in this case, buying and selling of Bitcoin. The small transfers between Coinbase accounts referred to as micropayments are fee-free while Bitcoin purchases or sales are charged at 1% current market rate.

Conclusion

Coinbase is the highest reputed Bitcoin exchange wallet a stand which is solemnly achieved due to its efforts in enhancing security. They take measures from the primary organizational levels like employee hiring to personnel computer protection, server security as well as client. The exchange rates are also very affordable and small inter-account transfers are not charged. Coinbase also allows users to store their information privately in offline computers to further limit server security vulnerabilities and theft cases. The numbers of security levels users are subjected to pass through in verifying their credibility eliminates all possible chances of fraudulent infiltrations. Users can access their accounts from anywhere in the world with the mobile phone wallet application provided. This ability makes Coinbase very convenient and effective. What’s more, personal bank accounts held with US banks can be linked to allow direct purchases of Bitcoin. In overall rating, Coinbase is absolutely efficient and effective, providing the best secure wallet and suitable for any Bitcoin trader.