Guide for Buying Litecoin on litecoinlocal
Litecoinlocal.net is a Litecoin dedicated P2P (a person-to-person) site. It is an online marketplace that allows you to locate people all over the world that want to exchange local currency into Litecoin.
You can negotiate sellers, choose the rate, payment method and the overall terms of the deal.
Register an account
Go to litecoinlocal home page and click on the SIGN UP link on the upper right side.
Fill in the short form and go back to your email to confirm the registration.
Search for sellers
Go to the main buyer search page, type desired location.
Choose if you want to buy online or if you want to buy with cash.
Pick an offer
You will see a table of all the applicable sellers. Find a deal that’s right for you and hit the buy button.
Contact the seller
You will see here the trade information and you can also chat with the seller.
The seller will send his Litecoin to the escrow account. It takes about 20 minutes to confirm.
Once the transaction is complete, send the money and click the MARK PAYMENT COMPLETE button.
*** Don’t send money or mark the payment as complete until the escrow transaction has been funded ***
The Litecoin should be added to your account now. If everything went well you can give the seller a positive rating.
If you are not satisfied you can click the OPEN A DISPUTE button, to contact LitecoinLocal customer support.
Withdraw Funds from litecoinlocal
You can withdraw your coins at any time from your LitecoinLocal wallet, with a minimum of 0.01 LTC.
In the the profile dropdown choose MY WALLET.
When you are on the wallet page, tap on LTC.
Now all you have to do is paste your Litecoin personal wallet address and the amount you want to withdraw, and tap on the WITHDRAW button.
You should be ready to prove your identity when buying Litecoin online and the payment method is reversible. When paying with cash you don’t have to prove your identity.
You must initiate and mark the payment within 24 hours, or 3 hours for online trades, otherwise the deal is cancelled.
Remember that it’s not safe to leave large sums of money on any cryptocurrency exchange. That means you are leaving your money in someone else’s wallet. The best choice is a hardware wallet such as Trezor or Ledger. Click here to read our Guide to Bitcoin and Altcoins wallets 2019.