- Good for peer-to-peer Bitcoin trading with escrow and ID
- Bad for cash payments, no-ID trading, risk of scams
Check out our full list of pros and cons or read on.
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LocalBitcoin review 2023
- Fiat currencies
- 134
- Supported assets
- 1
This is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Our verdict
Find Bitcoin buyers and sellers near you on LocalBitcoins.
Pros
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Details
Product details
| Product Name | LocalBitcoins P2P Exchange |
| Fiat Currencies | AUD, USD, EUR, GBP, CAD, CNY & 120+ more |
| Cryptocurrencies | BTC |
| Deposit Methods |
Bank transfer (ACH) Cash Credit card Cryptocurrency PayPal |
| Trading Fee | None |
| Deposit Fees | Fees vary |
| Withdrawal Fees | - |
Listed crypto exchange assets
supports cryptocurrency. In total, carries 20 of the top 20 cryptos by market cap.
Popular assets onKeeping your crypto secure
All centralised exchanges, including , are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $129 |
Price (USD) $49.99 |
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Andrew Finder
Editor
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fayemanuel Finder
July 30, 2019
Hi Faith,
Thanks for contacting Finder.
If someone gains access to your account and uses your wallet, LocalBitcoins will have no way to recover your funds. Please review their Service Terms found on their website.
Kind Regards,
Faye
J
December 12, 2017
I want to buy bitcoins from an account in Portugal. Can you help me? Can they be stored on this platform or what do I do with them once bought?
Harold Finder
December 13, 2017
Hi J,
Thank you for your inquiry.
Bitcoins cannot be held on LocalBitcoins exchange platform. It can only be used for buying and selling Bitcoins and other supported cryptocurrencies.
If you want to know how you can buy Bitcoin through LocalBitcoins exchange, a video tutorial and step-by-step instructions can be found on LocalBitcoins guide page.
Before you buy Bitcoin, you first need to get yourself a cryptocurrency wallet to be able to receive and store it.
As a reminder, cryptocurrencies are speculative, complex, and involve significant risks so please verify the nature of any product or service and consider your own circumstances before investing in cryptocurrencies.
I hope this information has helped.
Cheers,
Harold
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Shahriar
August 21, 2017
Hello. I want to sell some coins in localbitcoins.com.
What are the safest options to receive money. If a buyer pays me through wire transfer, money gram, WU or cash deposit, and upon receiving bitcoin if he/she cancel the transfer, will localbitcoin will able to protect me from that?
Regards
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Harold Finder
August 21, 2017
Hi Shahriar,
Thank you for your inquiry.
sending money over the platform is safe as long as you use the escrow service — LocalBitcoins will hold currency from both the buyer and seller before the funds are released.
Keep in mind that local trades don’t have escrow by default, and you should only complete in-person trades in well-populated areas. Finally, check the feedback for a buyer or seller before initiating any transaction.
I hope this information has helped.
Cheers,
Harold
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Faith
July 29, 2019
Hi
What happens to my localbitcoin account if someone gains access to it.
Thank you