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About LocalBitcoins Account
LocalBitcoins Account functions as a one to person website that trades Bit-coins. On LocalBitcoins.com people from different countries can trade their local currency into bitcoins. The website allows users to publish advertisements that explain prices for exchange and methods of payment used for selling bitcoins.
When you respond to these advertisements, a trade gets initiated and escrow protection automatically activated. Escrow safeguards both the buyer and the seller by keeping the bitcoins secure until the payment is made and also ensuring that the seller transfers bitcoins to the buyer’s. Bit-coins are stored within the Localbitcoins Account’s web wallet of which you can make any bitcoin transactions directly.
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THE WAY LOCALBITCOINS ACCOUNTS ARE DIFFERENT
Localbitcoins Account is reviewed by peer reviewers accepting the characteristics of Bit-coin. On LocalBitcoins.com you’re interacting with human beings. Contrary to stock-like exchanges or central bitcoin trading websites, Localbitcoins Account lets you trade directly with another person. This makes the process programmable small and quick with no cost for business. You can get bitcoins in a matter of minutes.
Localbitcoins Account is designed to work with all payment systems that the users network is compatible with. Every transaction, Localbitcoins Account provides an escrow service to ensure that the bitcoins as well as the traders are secure.
The entire process from establishment of a personal account to having bitcoins in your wallet is only a couple of minutes. Localbitcoins ‘ account payment method is compatible with an extensive array of payment methods.
MISSION: CONNECTING EVERYONE TO ONLINE MARKET.
In LocalBitcoins.com the focus will be focused on the users and the town. We’re constantly expanding and want for us to expand bitcoin’s bitcoin economy and market to every city in the world. We are convinced that Bitcoin will be the dark swan of events which fundamentally alters how the financial system operates. It will certainly provide the means for more prosperity, particularly in the emerging countries.
Bitcoin lets you trade online within the traditional banking market. Your bitcoin wealth is secure from the risks of political instability.
Making, buying selling and buying Bit-coin entirely free.LocalBitcoins users who post advertisements will be paid A one percent charge for each trade that is completed.
Bitcoin transaction costs
Transactions to other wallets of LocalBitcoins users are unaffected. Transactions with other Bitcoin account holders are subject to a fee. The current fee can be seen on the wallet’s page under the category Bit-coin transaction fee.
The amount depends on the current speed of usage that is currently being used by the Bitcoin blockchain. We then automatically adjust this fee based on the current congestion of the network to ensure that your transactions are handled as fast as they can. The fee for sending is taken directly into the LocalBitcoins wallet after you send an order.
If you transfer BitCoins into an LocalBitcoins wallet, the deposit fee is subtracted from the money. The cost varies based on how congested it is that the Bitcoin Blockchain is. If the deposit amount is substantially less in comparison to deposit fees the deposit will not be processed. The deposit fee will be visible on the page for receiving wallets.
LOCALBITCOINS SECURITY VULNERABILITY AND CONTACT REPORTING
LocalBitcoins recognizes the significance of security investigators to ensure that our community is safe. We are in favor of the honest public disclosure of security weaknesses.
Responsible disclosure comprises-
- Giving us plenty of time to correct the issue prior to the release of it all over.
- In a great faith attempt to not cause harm to LocalBitcoins users’ information.
- Maybe not fraud, but LocalBitcoins customers LocalBitcoins itself is part of discovering.
To promote accountable disclosure, we promise that we will not take legal action against those who report problems, provided that they follow the guidelines mentioned above. Thank you for your help in keeping the Bitcoin community secure!
LocalBitcoins is willing to give the best secure researchers with accounts that aid us in improve our security. The company, however, reserves the right of assessing the vulnerability, its significance and risk level and, based on that consider the possible advantages.
We are especially interested and willing to pay for this kind of vulnerability:
- Stored and mirrored XSS
- Command injections / RCE
- SQL benefits
- XML benefits / XXE
- Serious data leakage vulnerabilities
- CRF or compromised session management, with an exploitable PoC
- Authorization and authentication flaws
FINDINGS THAT ARE NON-REWARDABLE
- Errors, messages of error, stack tracks
- Incompleteness of any SPF records
- Disclosure of software versions that have been used
- Unconfigured or missing certain HTTP headers
- Vulnerabilities that cannot be exploited within modern browsers
- Lack of Safe and HttpOnly flags that are present in cookies that aren’t considered to be sensitive
- Email or username enumeration
- DoS Attacks , spamming or
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