Localbitcoin
- 2. At LocalBitcoins.com, people from different countries can exchange their local currency to bitcoins. The site allows users to post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. You reply to these advertisements and agree to meet the person to buy bitcoins with cash, or trade directly with online banking. Bitcoins are placed in LocalBitcoins.com web wallet from where you can pay your bitcoin purchases directly.
- 3. •Dashboard page •Public profile •Update feedback •Find Offers •Edit my profile •Make Trusted people/ Invite friends •Wallet Transaction •Contact an user for Advertisement •Sell bitcoins from Wallet •Receive bitcoin from a wallet •Sell Bitcoin Online •Location Specification •Sell bitcoin locally by cash •Buy bitcoin locally by cash •Buy Bitcoin online •Trade Bitcoin Using Advertisement •Buy Bitcoins locally by cash through online •Advertisement posting
- 5. The logged user can view his current advertisement and contacts. The list of advertisements and the contact information of the logged user are displayed and if required they can even edit their advertisements.
- 6. The public view of your profile can be viewed where anyone can find your contact information for trading, feedbacks you get, number of trades you carried, trusted by anyone or not.
- 11. The user can able to search for bitcoins to buy/sell. The other additional filtration such as city, amount, payment method. These inputs are not mandatory. If the user has not given any values, the result of all category will be displayed.
- 12. The user can change his profile details, contact information.
- 14. The logged user can invite friends by sending invitation to their email address to access our site features. Any number of users can be invited by an user. If the number of trusted people increases, the chances of number of people who are believing you also increases which in turns promotes the buyers for your bitcoin in your wallet.
- 16. The transaction that carried out from/to your account wallet will be maintained in a history of records here based on the date of transaction.
- 18. The seller shall select an user from the contact list and can decide which user to buy his bitcoins. Such a direct contact approach for selling bitcoins can also be done.
- 20. The user should give the receiving bitcoin address he wants to sell, so that the bitcoin will be transferred to the concerned address. He should also specify the amount needs for transaction. The password should be given for checking in order to carried out the correct transaction
- 22. The user needs to give the wallet address to buy bitcoins from specific address.
- 24. The user can browse the seller details and the bitcoin price list. Accordingly the user can select the bitcoin which he wish to buy. The user can select his convenient place to buy the bitcoins. The amount will be transferred through online payment gateway.
- 26. Buying the bitcoins locally by cash in your near location. In such transaction the site admin will not give you assurance. Only the buyers take their own risks to direct cash pay. Mostly the buyers see the number of people trusted the seller.
- 27. The user can change the location he wants to buy the bitcoin. For instance he wants to buy/sell btc from US, he can specify the location and the results will be given only in US and location near US.
- 30. The bitcoins that needed to be sold out can be displayed here. Here the user has to buy bitcoins through online itself by payment gateway. The buyer and seller should balance in their account wallet.
- 32. The trade for bitcoin for buying/selling will be advertised in this section in order to get the user’s attention. Whether it may be cash or through online, the user has to mention in the advertisement. Depending upon the requirements the user will contact you for trading.
- 34. The final agreement will be given for the trade signing between buyer and seller only if the data is valid. For direct cash pay, the site admin will not take the responsibility for correct money transaction. The printed copy for the final transaction will be available to the both seller/buyer.
- 36. The currency type, floating point, floating margin, price equation, min & max- amount, contact hours, meeting place will have to be provided for every advertisement made. All are mandatory.