-snip- I have an account on
https://localbitcoins.com/, I have read some bad things and good things on this website, what do you guys think about this website/wallet? -snip-
As far as I know,
https://localbitcoins.com/ belongs to the Over the Counter (OTC) cryptocurrency trading category.
Some points that may need your attention.
-snip-
What are the problems with OTC?
Settlement risk - there is no guarantee the asset will be delivered, or cash will be paid. Coin transfer often happens much faster than the wire payment transfer (often by several hours).
No custody solution - most OTC brokers dont provide a custody solution (or provide a very limited service), which can increase settlement and operational risk.
Multi-jurisdictional KYC issues - dealing with countries with poor.
-snip-
https://bitcointalk.org/index.php?topic=5124755.0