LocalBitcoins.com

5 user reviews

LocalBitcoins is based in Helsinki, Finland. The company was co-founded in 2012 by brothers Nikolaus Kangas (COO) and Jeremias Kangas (CTO). Both brothers have experience in software development and the blockchain. LocalBitcoins brands itself as a person-to-person Bitcoin trading site, and aims to connect everybody to the Internet economy, by focusing on the community. According to Reuters, LocalBitcoins has approximately 350,000 active users from almost every country in the world. The company has facilitated Bitcoin trades in 248 countries and 15,910 cities. LocalBitcoins enables users to purchase Bitcoins with their local currency by providing an online advertisements service, a digital escrow service, and an online community. Bitcoin buyers and sellers can post advertisements stating their desired exchange rates and methods of payment. Because the trading is person-to-person, payment can be made with any method supported by the users’ local communities, including cash and online banking. Once a buyer and a seller have agreed to conduct an exchange, the seller deposits the Bitcoins into the LocalBitcoins digital wallet, where they are held in escrow. As soon as the buyer advises LocalBitcoins that they have received payment, the Bitcoins are deposited into the buyer’s digital wallet. Signing up for a LocalBitcoins account and placing advertisements is free of charge. Once an advertisement has resulted in a completed trade, a 1% fee applies. The website features a community forum, as well as a blog in English and Chinese, usage and security guides, a knowledgebase, and FAQ. Support is available via a ticketing system.

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5 user reviews

“Can't trade anymore, nor can I withdraw my own coins”
Reviewed

I did some trading for a while, but my account has been frozen for a week now. I keep contacting support to see what's going on, no help so far. I can't get in my account, I've got no permission to even withdraw my own coins. Hope to get this resolved soon, or at least know why I got blocked Show more

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This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“Support went downhill”
Reviewed

They used to be more reliable. Now there are many issues and support doesn't seem to care.
I haven't been able to trade in any way for over a week, I can neither sell nor buy any coins, let alone withdraw any money from the sold ones... I hadn't used Local Bitcoins support much in the past, but I know they Show more

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This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“A safe place for buying Bitcoins”
Reviewed

I've used Local Bitcoins a few times to buy Bitcoin and it was a smooth experience. They have trusted sellers and the transactions went through quick and without any problems.
I know they're exclusively dedicated to working with Bitcoin exchange, but I wish they added some more coins to choose from in the future. The other services I use to buy Show more

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This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“Excellent platform for exchanging bitcoins to ANY fiat currency.”
Reviewed

Excellent platform, secure, good for trading, excellent way to exchange bitcoins for fiat currency.

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This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

“Continuous good service”
Reviewed

The experience depends on the people you buy the coins from, but mine's been mostly a positive one.

I've been using Local Bitcoins for 2 years and never had an issue with them directly.

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This review is the subjective opinion of a Host Advisor member and not of Host Advisor Pty Ltd.

LocalBitcoins.com features

  • Bitcoin
  • Email ticket support
  • Buy
  • Sell

Official description provided by LocalBitcoins.com

At LocalBitcoins.com, people from different countries can exchange their local currency to bitcoins. The site allows users to post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. You reply to these advertisements and agree to meet the person to buy bitcoins with cash, or trade directly with online banking. Bitcoins are placed in LocalBitcoins.com web wallet from where you can pay your bitcoin purchases directly.

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