Actually people from third world country don't have opportunity to buy bitcoin easily from any of the bitcoin trading platform like coinbase. Coinbase still don't support many developing countries also in localbitcoins usually deals for this countries are really expensive to buy from using local bank transfer.
However in european countries and china anyone can buy bitcoin or sell it quickly for profit or just buy and hold for long term with peace in mind. This have created a sense of "bitcoin is actually only made for developed countries, Tier-1 countries".
However in european countries and china anyone can buy bitcoin or sell it quickly for profit or just buy and hold for long term with peace in mind. This have created a sense of "bitcoin is actually only made for developed countries, Tier-1 countries".
Locabitcoins is still the easiest way to convert cash into BTC no matter what you say about how more expensive BTC over there is. The premium you pay is the price of more convenience and ease. It still beats the fees for doing a wire transfer to Bitstamp.
What i came to know there is less risk in localbitcoins because we can directly meet the person in your local area where you want to sell your bitcoin, but compares to exchanges and other forms buying bitcoin here the cost will be slightly higher. But for the person who want to convert from fiat is bitcoin localbitcoins is the best way to convert them.