Despite Bitcoin being associated with nefarious activities and often being dubbed as “magic internet money”, there is a vast interest in people who want to obtain a piece of this digital currency. Overall Bitcoin trading volume has been increasing over the past year or so, and peer-to-peer marketplaces such as LocalBitcoins have seen a tremendous growth in volume as of late.
LocalBitcoins – Peer-to-peer Bitcoin Trading On The Rise
Exchanging Bitcoin to and from local fiat currency can be done in multiple ways. Due to Bitcoin’s decentralized nature, there is no need to rely on exchange platforms to complete trades, even though their engines match buy and sell orders automatically. Proper Bitcoin exchanges are a luxury and a convenience, but not a necessity.