Score 96 / 100
Security 7
Customer Support 10
User Friendly 6
Regional Availability 8
Reputation 9
Fees 7

LocalBitcoin is a good exchange for more advanced users who want to make money selling Bitcoins. However, it is not very user-friendly for beginners and it is often expensive to buy Bitcoins with credit card. If you are new to Bitcoin, and want an easy way to get your first Bitcoins at a low price, you should check out our other reviews and find an exchange rated beginner friendly. 

Pros and Cons

  • CheckAccepts most payment methods
  • CheckGood customer service
  • CheckIncludes Wallet
  • CrossDifficult to use
  • CrossWarying fees

Payment Methods

Payment Method Name Deposit Fees Exchange Rates Max Purchase
Without Verification
Max Purchase
With Verification
CheckCredit Card3%+UnlimitedCheck

LocalBitcoins Review

At LocalBitcoins, you trade with other people in your area, which means every currency is accepted, and you can find the price of Bitcoins in your own currency. You can also post advertisements and run your own Bitcoin business, selling to other people.

LocalBitcoins will serve as an escrow when you are trading with other people. Until the Bitcoin transaction has been confirmed, your money will not be transferred to the seller. This is in order to make your transactions secure.

In addition to their marketplace, this Bitcoin Exchange also offers an easy to use Online Bitcoin wallet you can easily make transactions to and from. You can learn more about how to use your Wallet in our Learn-section. 

At the moment LocalBitcoins only sells Bitcoins, which does not make it ideal for investors as they do not offer any options to margin trade or buy other cryptocurrencies.

Review Score: 96

Company Information

Company: LocalBitcoins

CEO: Sebastian Sonntag (Sep 2, 2019–)
Founder: Jeremias Kangas
Founded: June 2012
Headquarters location: Helsinki, Finland
Type of business: A startup company

Traded Currencies

  • CheckCheckBitcoin
  • CrossCheckEthereum
  • CrossCheckRipple
  • CrossCheckLitecoin
  • CrossCheckStratis
  • CrossCheckNEM

Latest news

Top 10 Most Secure Bitcoin Wallets (Ultimate Crypto Wallet Guide)

By Carl Månsson - May 11, 2020

If you are a beginner in Crypto or just didn’t have the time to do it yet, you will need to set up a secure crypto-wallet. A wallet is your bank account, where you store your cryptocurrencies, such as Bitcoin, Ethereum and other Altcoins. You also use your wallet in order to pay with your […]

The Unbelievable History of Bitcoin

By Victor Hedman - May 11, 2020

Part 1 – The Inception Before Bitcoin In 2007, a person or group by the name Satoshi Nakamoto began outlining an idea for the first global digital currency . It was not the first time someone attempted to create a digital currency protected by strong encryption. As early as in 1983, a man by the […]

How to Buy Crypto in the Middle East

By Felix Forsgren - March 21, 2018

  Buying crypto in the middle east can be hard due to the fact that few exchanges accept middle eastern clients. In this guide we will show you how to buy the following cryptocurrencies with your credit card: Bitcoin (BTC) Ethereum (ETH) Monero (XMR) Ripple (XRP) Dash (DASH) Stellar (XLM) NEO (NEO) Litecoin (LTC) QTUM […]