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How to buy and sell Bitcoin - Bitcoin 101What most people like best about LocalBitcoins is the ease of buying and selling Bitcoin using different payment methods. It also allows users in more than. The platform allows anonymity while trading. Individuals advertise their bitcoin to potential buyers and negotiate their prices. When the seller sells for an. Bitcoin trading. Registering, buying, and selling Bitcoin is completely free. LocalBitcoins users who create advertisements are charged a 1% fee for every.