Best Way To Convert Your Btc To Usd Or Another Currency
LocalBitcoins: is a different sort of exchange that allows anyone anywhere to trade. It therefore has the largest amount of markets - although some without much liquidity - for example in Venezuela and other emerging markets.
LocalBitcoins works like an open outcry with people in the same location as you - if you want to trade you can place a buy or a sell for a price and wait to be contacted by someone who wants to execute that trade.
After agreeing the trade funds are released and held in escrow and depending on the specifics of the local banking system and times for transactions to get confirmed, the trade will eventually be completed.