Yup, a lot of people still use localbitcoins.
People used to prefer locabitcoins over exchanges like coinsecure, zebpay.
But now the market is full of neophytes, who are unaware of terms like escrow.So now majority of the user's prefer simple exchanges.
As for the mode of payment, paypal-NO!
Here no one uses paypal for the exchange of bitcoins.You will rarely find anyone with paypal here.
RBI has directed paypal to straightaway send the funds to the bank account.So we can't keep money as paypal balance.
Thus, bank transfer and UPI is the most common method of payment.Some people prefer PayTm too.
So i’m little bit newbee with it. Could you please specify, I’ve jsut created PP account and linked my bank account to it.
If I get money to my PayPal account it won’t go to my PayPal balance it will go right away to my bank account? Then I can go to localbitcoins and buy BTC from my Bank account? Correct?
I just need to receive funds to PP these days from another country and want to be sure that I will get it. And buy bitcoins then 🙂