The best place to safely buy and sell bitcoins in Pakistan

localbitcoins_logo_and_wordmarkThe best place to safely buy and sell bitcoins in Pakistan is Local Bitcoins. It provides a safe virtual meeting place for buyers and sellers of bitcoin. Local Bitcoins is great because:

  • Each trader on Local Bitcoins has a feedback score associated with him. For example in the image below you can see that Irtza Shahan has done more than 500 verified trades and has 100% positive feedback:
    Trader Feeback Score

    Trader Feeback Score

    If you visit a trader’s profile page you can see comments people have left about their experience trading with that person:

  • Local Bitcoins tells you which traders are online and which are not, so you don’t waste your time waiting for traders who are currently not online. Online traders have a green dot next to their name. Recently online traders have a yellow dot and offline traders have a grey dot. You can hover over the dot to see when the trader was last online. See the image below for an example:

    Trader Online/Offline Status

    Trader Online/Offline Status

  • All online trades involve the use of Local Bitcoins escrow. What this means is that bitcoins involved in online trades are safely kept in escrow by Local Bitcoins until both the buyer and seller are satisfied with the transaction. If there is a dispute between the buyer and seller Local Bitcoins will mediate between the two.
  • Local Bitcoins takes a very low fee of just 1% from the advertising trader.

Local Bitcoins really reduces the friction involved in trading bitcoins with strangers. You don’t have to personally know the traders on that site. You only need to trust the operators of Local Bitcoins and you can do that because they are part of a reputable European company.