Localbitcoins is a huge RIPOFF if you ask me. The asking price of bitcoins is anywhere from 5% to 30% over market value.
I don't care how anonymous it is to buy bitcoins on localbitcoins I will not pay up to 30% above market rate for coins. It's fucking extortion!
some people can't buy bitcoins elsewhere. for them localbitcoins is the only option.
then again, i can imagine paying around 2 or 3 percent above market rate if that's your only option to buy btc.
anything over 10 percent is insane.