LocalBitcoins Customer Care Number is +358-4587452XX, its email id is info@localbitcoins.com, and the head office address is LocalBitcoins Oy Porkkalankatu 24 00180 Helsinki Finland. Read more about the company overview, social profiles & website link details.
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LocalBitcoins Customer Care
Phone Number: +358-4587452XX
Email Id: info@localbitcoins.com
Office Address: LocalBitcoins Oy Porkkalankatu 24 00180 Helsinki Finland
Website: localbitcoins.com
Telephone Number: Not Available
Fax Number: Not Available
Facebook: Here
Twitter: Here
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About LocalBitcoins
LocalBitcoins was a prominent peer-to-peer cryptocurrency exchange platform that gained popularity within the global cryptocurrency community. Founded in 2012 by Jeremias Kangas, the company was headquartered in Helsinki, Finland. LocalBitcoins distinguished itself by providing a platform where users could buy and sell Bitcoin directly to and from one another, creating a decentralized and person-to-person trading environment.
This approach facilitated flexibility in payment methods, allowing users to engage in trades with numerous local currencies and various payment options, including cash transactions, bank transfers, and online payment platforms. The platform also offered a reputation system, enabling users to build trust with one another over time and establish their reliability within the community.
However, LocalBitcoins faced challenges and regulatory changes that impacted its operations over the years. Governments worldwide began to introduce more stringent regulations on cryptocurrency exchanges, leading LocalBitcoins to implement strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, which reduced the anonymity and privacy that initially attracted users.
Furthermore, increased competition and evolving user preferences led to a decline in LocalBitcoins’ market share. In 2019, the company made significant changes to its platform, discontinuing cash trades and in-person meetings. Despite these changes, LocalBitcoins remained an influential player in the cryptocurrency space, providing a user-friendly on-ramp for beginners into the world of Bitcoin trading while navigating the complex regulatory landscape.
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