Thursday, April 30, 2015

Improve trust on LocalBitcoins.com by verifying your identity



A screenshot showing what the Netverify identification process looks like on the LocalBitcoins.com website.
A screenshot of the identity verification process.

Whether you're buying or selling bitcoins it's important that both the buyer and the seller can trust each other. We offer a number of ways to increase that trust, one of them being the ability to verify your real life identity with your LocalBitcoins.com account.

By verifying your identity you get access to more trade advertisements as well as more visibility for your own trade advertisements, if you are a trader.  

The verification process is provided as a third party service called Netverify by Jumio. You can find the link to start the verification process by going to Edit profile on the main website and then scrolling down to verification. Or you can click on this link to start verification.  

In order to verify your identity with your LocalBitcoins.com account you will need a valid ID (Passport, ID card or drivers license) at hand and a web camera. You can see how the process will work on Jumios' website. Right now most countries around the world are supported, with more countries added soon.  

The verification process is automated and is usually completed quickly, 95% of the verifications are completed within 5 minutes. Once the process completes your public profile will be updated to include a check mark showing that you have verified your identity with LocalBitcoins.com.

A screenshot showing a users public profile after ID verification as been successfully completed.
When you have completed verification it will be visible on your public profile with a green checkmark.

Now you will start seeing trade advertisements where the buyer or seller have set it to only show for ID verified accounts and if you are a trader then your trade advertisements will have better visibility.  

Don't forget that you can also verify your e-mail address as well as your phone number!  

Happy bitcoin trading!

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