The Book of Bitcoin

Bitcoin Informal Exchanges

BitQuick

BitQuick (formerly BuyBitcoin) is an informal exchange that is focused on buyers who want to use cash deposits or SEPA transfers to acquire Bitcoins.

The BitQuick model is similar to Paxful or Localbitcoins, in that it provides a marketplace for buyers and sellers who want to make individual trades and not exchange on a more traditional market. However BitQuick stands in the middle of the trades to a higher degree, in order to streamline the experience and manage risk.

BitQuick operates in Australia, Canada, the EU, Russia, and the US.

LocalBitcoins

The LocalBitcoins exchange is an ad-hoc trading arrangement site, hosted in Finland, with individual bids and asks to trade between Bitcoin and fiat. Instead of an order book, individuals can make their own individual advertisements or search other advertisements for an attractive offer. Individual traders are asked rate each other and to add trusted traders to trust lists for special advertisements.

LocalBitcoins offers an escrow service to protect Bitcoin buyers: LocalBitcoins locks the Bitcoin to trade in a custodial wallet to secure the successful trade and guarantee to the buyer that a seller is fully staking his trade and that an appeal may be made int he event of a dispute.

advertisements. It makes it very easy to run your own bitcoin-cash exchange. It also allows online transactions and offers escrow and other security services, as well as a reputation system for buyers/sellers.