Local.Bitcoin.com, a peer-to-peer marketplace will be launched on June 4.This trading platform aims to spread economic freedom while enabling users around the world to buy and sell Bitcoin Cash [BCH].
Local.Bitcoin.com gives users a way to buy and sell Bitcoin Cash locally and internationally, using any payment method. The trading platform has initiated pre-launch accounts that would allow users to sign up and test the platform’s features.
The process of creating an account is fairly simple.Users of Local.Bitcoin.com can create accounts without sharing any personal details, unlike the other cryptocurrency exchanges in the market which require identity verification.
A username and a password will be required, which would further enable the web browser to create a private key offline.The interface then encrypts it using AES256-CBC to a PBKDF2-stretched version of the users password. The password will be limited to the user alone and Local.Bitcoin.com staff will have no access to the users password due to the nature of client-side encryption.
The payment methods supported by Local.Bitcoin.com include cash [in person trades], bank transfers, bank deposits, Paypal, Moneygram, international wire, Western Union, gift cards, Payeer, Venmo, Skrill, and Transferwise.