Frequently Asked Questions

cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies use decentralised control as opposed to centralised digital currency and central banking systems.
The decentralised control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.
Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized cryptocurrency. Since the release of bitcoin, over 4,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created. is a P2P (Peer to Peer) cryptocurrency exchange platform. Our main objective is to offer our service on a global scale resulting in a digital community coming together.
Users can post advertisements where they state their exchange rate for bitcoins with the option of various payment methods such as meeting in person to buy with cash or trading directly online via online banking. Your bitcoins are safely kept in our encrypted web wallet which you can also use to make bitcoin purchases directly.
Ultimately, what drives us is to make the exchange of bitcoins effortlessly attainable.
Operating directly with other people through GlobalBitcoins makes transactions faster and more agile. This allows a better user experience during the purchase or sale of cryptocurrencies as you are able to access traders local to you but also traders around the world.
We also offer support from our team of specialists if any issues or disputes arise. Our focus is on delivering a great service to all our customers.
Where you store your Bitcoins. This virtual wallet is in your GlobalBitcoins account.
GlobalBitcoins offers a secure and simple way to exchange Bitcoins with other parties (people or companies) through electronic and cash payments, making the process smooth, immediate and agile.
When you are logging in to the website, read the browser's address bar and verify that you are logging into
Some additional tips:
  • Make sure you use different passwords for each of your accounts.
  • Be sure no one watches when you enter your password.
  • Always log off if you leave your device and anyone is around—it only takes a moment for someone to steal or change your password.
  • Use comprehensive security software and keep it up to date to avoid keyloggers (keystroke loggers) and other malware.
  • Avoid entering passwords on computers you don’t control (like computers at an Internet café or library)—they may have malware that steals your passwords.
  • Avoid entering passwords when using unsecured Wi-Fi connections (like at the airport or coffee shop)—hackers can intercept your passwords and data over this unsecured connection.
  • Don’t tell anyone your password. Your trusted friend now might not be your friend in the future. Keep your passwords safe by keeping them to yourself.
  • Depending on the sensitivity of the information being protected, you should change your passwords periodically, and avoid reusing a password for at least one year.
  • Do use at least eight characters of lowercase and uppercase letters, numbers, and symbols in your password. Remember, the more the merrier.
The page is based on high-security standards, to guarantee the transparency and transactionality of our users.
User Reputation: 
Each user will gain reputation as he or she generates more transactions, gaining credibility by constantly interacting with the system.
Friendly digital wallets: 
Each user can easily manage their Bitcoin through their virtual wallet, transfer them to generate payments to other users in the same system anywhere in the world.
Chat and customer service 24/7: 
We focus on our users having the best online support using our ticketing system where you can raise any queries in relation to ongoing trades or if you have general questions about the service.
If you buy Bitcoins, these will appear in your virtual wallet in your GlobalBitcoins account. From there, you can send them to other wallet addresses. The vast majority of services are compatible with our wallets.
You can buy full Bitcoins or fractions of Bitcoins (Satoshi). Other cryptocurrencies are currently not available.
Most transactions are instantaneous depending on the payment method, the size of the payment and those involved.
Smaller payment amounts may take longer than larger ones.
You must create a free account in GlobalBitcoins, go through the verification, then you will gain access to your virtual wallet and the ability to post advertisements to buy or sell Bitcoins.
Connecting everybody to the digital economy. Our focus is to create a friendly, welcoming community in the new age of an economy which many may have found difficult to understand.
Because of this, we are constantly expanding our reach to be able to bring the world of cryptocurrencies to every city, all around the world.
This will be an enabler for more access to wealth, especially in developing countries which the traditional banking industry would otherwise have not reached.
All online trades are protected by escrow. When a trade is started the amount of Bitcoins for the trade is automatically reserved from the seller's GlobalBitcoins Wallet.
This means that if the seller runs away with your money and does not release your Bitcoins GlobalBitcoins support can release the Bitcoins to you from escrow.
If you're selling Bitcoins, never release the escrow before you know that you have received money from the Bitcoin buyer.