LocalBitcoins logo
LocalBitcoins logo

LocalBitcoins Reviews

Contact
Country: Finland
Launched: 2012
Volume: $ 4,800,000.0
Pairs: 103
Mobile app: iOS, Android
Grade points: 0.00
Expert Review
Jul 22, 2020

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.

The website contains offerings by people eager to buy or sell some BTC in exchange for the local fiat currency. The available payment methods, contact info, and desired amount of money are also mentioned in the offerings. The payment methods accepted on LocalBitcoins include wire transfers and credit cards making this platform a handy way to buy the first fraction of BTC. LocalBitcoins doesn't provide anything similar to order books and charts. Its interface rather resembles such websites as Amazon or eBay. The platform serves as a kind of escrow agent between the buyer and seller to ensure that both sides get what they need.

People who post their offerings are charged with a 1% fee for each successful trade while those who respond to these offerings don't have to pay. The platform requires users to provide personal data including the photos of national ID papers in order to maintain security. 

banner-image
Write review
Rating
Please choose your rating.
Your review

Leave your review about LocalBitcoins here. Please note that your feedback may be crucial for the user when choosing a product, so try to avoid inaccuracies and unreasonable criticism.

Your Name
Your Email

Your Email will not be published

User reviews
Johny 22 July 2020
3.0

Painful and slow verification process sometimes, clarifications are unfair, the site goes down.

besides that everything else its excellent

Country: Finland
Launched: 2012
Volume: $ 4,800,000.0
Pairs: 103
Mobile app: iOS, Android
Grade points: 0.00
Compare with
IDEX is a cryptocurrency exchange that was launched early last year. The exchange aims to offer users the experience of a centralized exchange that boasts the security benefits of a decentralized platform. The exchange provides a peer-to-peer trading environment. It also uses smart contracts to relay transactions over the Ethereum blockchain, and this allows the order book of your account to be updated in real-time.
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.
Binance Jersey is a centralized cryptocurrency exchange based in Jersey in 2019. It's a side exchange project for Binance. Jersey is a small island enabling the legal status of the different finance service including the cryptocurrency exchange.

List of coins

# Currency
  1. Bitcoin (BTC)