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Compare Binance and LocalBitcoins 
At a Glance
Market Segments
Small-Business (81.5% of reviews)
Small-Business (76.7% of reviews)
Entry-Level Pricing
No pricing available
No pricing available
Binance
Star Rating
(184)4.0 out of 5
Market Segments
Small-Business (81.5% of reviews)
Pros & Cons
Entry-Level Pricing
No pricing available
Learn more about BinanceLocalBitcoins
Star Rating
(31)4.1 out of 5
Market Segments
Small-Business (76.7% of reviews)
Pros & Cons
Not enough data
Entry-Level Pricing
No pricing available
Learn more about LocalBitcoinsSummary
AI Generated Summary
AI-generated. Powered by real user reviews.
- Users report that Binance offers a more extensive range of cryptocurrencies for trading, which is a significant advantage for those looking to diversify their portfolios. In contrast, LocalBitcoins primarily focuses on Bitcoin, limiting options for users interested in altcoins.
- Reviewers mention that the user interface on LocalBitcoins is more straightforward and easier to navigate for beginners, while Binance's interface can be overwhelming due to its advanced trading features and tools.
- G2 users highlight that Binance has a more robust trading engine, allowing for faster transactions and higher liquidity, which is crucial for active traders. LocalBitcoins, however, is praised for its peer-to-peer trading model, which some users find more appealing for buying Bitcoin directly from other individuals.
- Users on G2 report that Binance's customer support is lacking, with a quality of support rating of 7.1, while LocalBitcoins has a higher rating of 7.7, indicating better responsiveness and assistance for users facing issues.
- Reviewers say that Binance's mobile app is feature-rich, providing a seamless trading experience on the go, whereas LocalBitcoins' mobile experience is more basic, which may not meet the needs of users who prefer trading from their smartphones.
- Users mention that Binance has a more comprehensive educational resource section, which helps new users understand trading strategies and market trends, while LocalBitcoins offers limited educational content, focusing more on facilitating trades.
Pricing
Entry-Level Pricing
Binance
No pricing availableLocalBitcoins
No pricing availableFree Trial
Binance
No trial information availableLocalBitcoins
No trial information availableRatings
Meets Requirements
8.2
136
8.3
28
Ease of Use
8.0
136
8.4
28
Ease of Setup
8.6
24
Not enough data
Ease of Admin
8.5
9
Not enough data
Quality of Support
7.2
127
7.7
28
Has the product been a good partner in doing business?
8.9
9
Not enough data
Product Direction (% positive)
7.8
123
7.9
28
Categories
Categories
Shared Categories
Binance and LocalBitcoins are categorized as Cryptocurrency Exchanges
Unique Categories
Binance has no unique categories
LocalBitcoins has no unique categories
Reviews
Reviewers' Company Size
Binance
Small-Business(50 or fewer emp.)
Mid-Market(51-1000 emp.)
Enterprise(> 1000 emp.)
LocalBitcoins
Small-Business(50 or fewer emp.)
Mid-Market(51-1000 emp.)
Enterprise(> 1000 emp.)
Small-Business
(50 or fewer emp.)
Mid-Market
(51-1000 emp.)
Enterprise
(> 1000 emp.)
Reviewers' Industry
Financial Services
21.2%
Information Technology and Services
8.9%
Investment Management
6.1%
Computer Software
5.0%
Accounting
5.0%
Other
53.6%
Financial Services
20.0%
Information Technology and Services
13.3%
Entertainment
10.0%
Computer Software
10.0%
Banking
6.7%
Other
40.0%
Discussions
Is Binance better than Coinbase?
7 Comments
DN
I think most binary option companies are scamming website
You can deposit money n trade
When u wanna withdrawal ur money they seem to reject it
Which mean...Read more
Why don't they grant referral earnings?
4 Comments
MZ
Binance works like an exchange, therefore its fundamental objective is not in the reference but in supporting the cryptoactive market in carrying out its...Read more
What is Binance platform?
4 Comments
LJ
I highly recommend this fair recovery services of Gavin ray, did a fantastic job by recovering my life savings which got stolen investing on binary option...Read more
Can you get scammed on LocalBitcoins?
2 Comments
LJ
I highly recommend this fair recovery services of Gavin ray, did a fantastic job by recovering my life savings which got stolen investing on binary option...Read more
Everything i had into this crypto investment
1 Comment
AJ
ITS A PAINFUL EXPERENCE OF MR INVESTING MY FUNDS HERE. I LOST ALMOST ALL I HAVE TO THIS SCAM PLATFIRM AM ONLY HAPPY I WAS ABLE TO RECOVER MY FUNDS WITH THE...Read more
How do I convert Bitcoin to cash?
1 Comment
AN
It was a hard time losing over $189k to an online scam broker and I wasn't happy over my withheld funds on the platform, the company refuse to allow me make...Read more
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