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.
- Accepts most payment methods
- Good customer service
- Includes Wallet
- Difficult to use
- Warying fees
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.