Wednesday, July 10, 2013

Private and Trusted Trading on LocalBitcoins.com

Ever wanted to convert customers met and identified in person into long-term online trading partners? Or have good prices for and from your friends? It is now possible to do private trading as well on LocalBitcoins.com! 

By leaving a Trustworthy feedback after a trade, you actually add that trading partner to the Trusted whitelist. You and your trading partners can make Trusted only advertisements which show up only to trusted buyers in the trusted offers page (LocalBitcoins.com login required). Trusted offers page is also available in the top bar when you're logged in. With the advertisement available only to known and reliable partners, there are many benefits.
  • Special pricing and terms for your highly-valued trading partners/customers
  • High-risk payment methods such as paypal to trusted traders
  • Liquidity to your trusted trading partners
These advertisements don't show to anyone else but trusted buyers. You can change your trust of another person anytime from his profile page using the feedback form. You need to have finished at least one trade to leave the initial feedback.

After I work out the kinks in trusted trading, I'll be rolling out an alternate way to enable trust on people you know personally without committing in a trade first.

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