Hi, I am planning on doing some trading on Localbitcoins to make extra cash or Bitcoin on the side while working in an office. Is there a guide somewhere I could read? I do not want to straight up post my bids and asks without knowing what I am doing. Please help.
You should be very careful with reversible payment methods like PayPal, Skrill, etc.
Because there you have 2 main problems:
1. The other user may reverse the payment and/or fill a complain for hacked account and get your coins + get back his payment.
2. Skrill have the common practice to require proof of transfers when bitcoin is involved. And you may ended with locked account+money.
I don't know but the most of people are using these methods so I'm also using that method I would like to say that nothing had happened to me right now because I'm totally safe and also waiting for bitcoin ATM card that I have use that card as I use banks card because it would be more easy for me so waiting for bitcoin response that they will lunch or not.