What's the benefit?
The only benefit I see is speed. I know a trader that is almost 24/7 online, it usually takes us 2 mins to complete a deal, payment is instant at every hour as we both use ING so I could get cahs even at 4 am in the morning if I really needed.
Rates..you must give up a 3-5% for the convenience.
Localsbitcoin is a marketplace where you can buy and sell bitcoin with local currencies.
It's Local
sBitcoin
s There is no chance to fraud with each other because localsbitcoin deduct your amount at the time of making deal. No balance, No deal.
No chance? Are you serious?
I got scammed on LocalBitcoinsGot scammed on localbitcoins.comLocalbitcoins scammers? Sophisticated scam on LocalBitcoins. Attention all sellers.and many more, I just got bored on copy-pasting
One more important thing is highly/lower rated buyer/seller, You have to skip to make any deal with low rated buyer/seller because they may harass you and you need to wait one hour to close that deal.
This one is new ....
It's an exchange. You can put up your own price offers and wait for another person to be interested with your offer. You don't have to choose the expensive offers.
Yeah, but when you're just a regular user who does one trade a month you're going to run in the same trust problems as people are going to look at you suspiciously.Not even talking if its the first time using it.Besides, people who are going using LB rarely, go there specifically for a fast trade, not to throw an offer and wait for hours for someone to accept it.