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Localbitcoins dot com

I have been told to look at Localbitcoins.com

At the time coinbase.com was quoting 1BTC= £5,611, a trader for the cheapeat UK based Localbitcoins.com was quoting £6,550 VIA PAYPAL. This seems a huge spread. Is this normal? I am assuming it is just the spread of the market + hedging against negative price movement.

Anybody got thoughts?

(I need to get me crypto life sorted to stop getting fleeced by banks for bring ing my income in from oversees)

many thanks,

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