Compare Bithumb vs LocalBitcoins

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On this page, you can compare Bithumb with LocalBitcoins. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.

At the end of this page, you can see our final ratings for both exchanges.

In the table below you can see general information on both exchanges. Bithumb was founded in 2016 in South Korea. LocalBitcoins was founded in 2012 in Finland.

When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is LocalBitcoins. At the same time, newer projects may be more technologically advanced.

You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.

Bithumb is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Bithumb has a mobile app available for iOS and Android. LocalBitcoins has a mobile app available for iOS and Android.

Bithumb has 2 languages available, including English and Korean.

Company
User rating User rating 3.3 / 5 15 user reviews User rating 3 / 5 1 user review
Cryptogeek rating Cryptogeek rating 3.8 / 5 Cryptogeek rating 0 / 5
Trust Score How it works Trust Score 3.95 / 5 Trust Score 3.19 / 5

User rating

3.3 / 5 15 user reviews 3 / 5 1 user review

Cryptogeek rating

3.8 / 5 0 / 5

Trust Score

How it works
3.95 / 5 3.19 / 5

About

Bithumb is a cryptocurrency exchange that is based in Seoul, South Korea. The platform was founded in 2013. It allows users to buy, sell, and store various cryptocurrencies. In South Korea, Bithumb is one of the largest exchanges, and it boasts some of the biggest crypto trading volumes.
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.

Founding Date

2016 2012

Country

South Korea Finland

Type

Centralized Centralized

Languages

English, Korean No data

Mobile app

iOS, Android iOS, Android

Full address

No data No data

Fees

No data No data
About
Bithumb is a cryptocurrency exchange that is based in Seoul, South Korea. The platform was founded in 2013. It allows users to buy, sell, and store various cryptocurrencies. In South Korea, Bithumb is one of the largest exchanges, and it boasts some of the biggest crypto trading volumes.
LocalBitcoins is a p2p cryptocurrency exchange platform launched in Finland in 2012. In some countries, the service is not available however it is possible to use it via VPN or other methods concealing the user's IP address. The main purpose of this platform is the exchange of local national currencies for BTC.
Founding Date Founding Date 2016 Founding Date 2012
Country Country South Korea Country Finland
Type Type Centralized Type Centralized
Languages Languages English, Korean Languages No data
Mobile app Mobile app iOS, Android Mobile app iOS, Android
Full address Full address No data Full address No data
Fees Fees No data Fees No data

Trading

Bithumb trading volume is 234,160,163.0. The exchange has 54 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.

LocalBitcoins trading volume is 4,800,000.0. The exchange has 103 available trading pairs. Fiat trading is not available on the exchange. Margin trading is not available.

Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.

Volume

234160163 4800000

Pairs

54 103

Coins

99 1

Fiat trading

- -

Deposit

Free Depends on currency and volume

Fees

Percentage No Fees

Margin

- -
Volume Volume 234160163 Volume 4800000
Pairs Pairs 54 Pairs 103
Coins Coins 99 Coins 1
Fiat trading Fiat trading - Fiat trading -
Deposit Deposit Free Deposit Depends on currency and volume
Fees Fees Percentage Fees No Fees
Margin Margin - Margin -

Safety

Two factor authentication

Verified

Verified Unverified
Two factor authentication Two factor authentication Two factor authentication
Verified Verified Verified Verified Unverified

Social

Website

www.bithumb.com localbitcoins.com

Twitter

@BithumbOfficial @LocalBitcoins

Number of followers

199043 52300
Website Website www.bithumb.com Website localbitcoins.com
Twitter Twitter @BithumbOfficial Twitter @LocalBitcoins
Number of followers Number of followers 199043 Number of followers 52300

Rating

User rating User rating 3.3 / 5 15 user reviews User rating 3 / 5 1 user review
Cryptogeek rating Cryptogeek rating 3.8 / 5 Cryptogeek rating 0 / 5

Cryptogeek summary

Bithumb user rating is 3.3, based on 15 user reviews. LocalBitcoins user rating is 3, based on 1 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each exchange.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
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Trust Score: 3.95 / 5
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Trust Score: 3.19 / 5
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On this page, you can compare Bithumb with LocalBitcoins. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.

At the end of this page, you can see our final ratings for both exchanges.

In the table below you can see general information on both exchanges. Bithumb was founded in 2016 in South Korea. LocalBitcoins was founded in 2012 in Finland.

When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is LocalBitcoins. At the same time, newer projects may be more technologically advanced.

You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.

Bithumb is Centralized and LocalBitcoins is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.

Bithumb has a mobile app available for iOS and Android. LocalBitcoins has a mobile app available for iOS and Android.

Bithumb has 2 languages available, including English and Korean.