# LocalBitcoins Reviews **Vendor:** LocalBitcoins **Category:** [Cryptocurrency Exchanges](https://www.g2.com/categories/cryptocurrency-exchanges) **Average Rating:** 4.1/5.0 **Total Reviews:** 31 ## About LocalBitcoins LocalBitcoins.com is a person-to-person bitcoin trading site. ## LocalBitcoins Reviews ### 1. LocalBitcoin a secure plateform to trade your crypto **Rating:** 5.0/5.0 stars **Reviewed by:** Rajnikant S. | Senior PHP Developer, Small-Business (50 or fewer emp.) **Reviewed Date:** May 05, 2023 **What do you like best about LocalBitcoins?** Buy/Sell with goodprice and more options available choose traders **What do you dislike about LocalBitcoins?** two times verification but it is good for security **What problems is LocalBitcoins solving and how is that benefiting you?** It solved the problem of exchanging crypto with your currency in INR ### 2. The Oldest p2p Bitcoin Trading Platform **Rating:** 3.0/5.0 stars **Reviewed by:** Chokri A. | Ambassador, Small-Business (50 or fewer emp.) **Reviewed Date:** June 15, 2022 **What do you like best about LocalBitcoins?** I have been using localbitcoins for several years and I am very satisfied with this platform. every true p2p crypto trader must try this powerful decentralized exchange, a lots of buy/sell offers from traders around the world, with a wide variety of payment methods and a large selection of local currencies (fiat) The localbitcoins website is beautiful with a helpful interface and is very strong in terms of safety, where the user finds all the sufficient and accurate informations as well as the helpful features that enable him to have an enjoyable and safe trading experience at the same time. Security side I think that localbitcoins has the strictest security criteria in the market both for buyer & seller : encrypted chat, instant notifications, 2FA login, escrow service and other powerful safety features related to crypto transfer and transactions. The Identity verification is much harder than other competitors (which makes me choose another platform more tolerant with identity verification), but personally I think this is useful and good with all the scams and hacking we see in the crypto sphere. **What do you dislike about LocalBitcoins?** The fees are a little higher especially for the escrow service and the transfer to an external wallet (withdrawal). Localbitcoins do not offer a "non custodial" wallet for depositing you funds (you don't own your private keys so you don't have the total control over your crypto) In addition the identity verification is very demanding (and despite that there are a few fake traders & scammers - localbitcoins has nothing to do with that since it is decentralized and open for everyone - ) **Recommendations to others considering LocalBitcoins:** Oldest and largest Bitcoin P2P marketplace where users security & their funds safety are a priority **What problems is LocalBitcoins solving and how is that benefiting you?** For people who own bitcoins and want to exchange their coins for local currency (or any other payment methods), localbitcoins is the place to do it. especially for people who want to be anonymous and keep their transactions private. In my case, I used localbitcoins frequently because there is no possible way to profit from my online business unless I accept Bitcoin payments and then convert it to my local currency via localbitcoins. (There is no other way since PayPal does not work in my country Tunisia and bank transfers have large deductions). ### 3. One of the best website to buy crypto **Rating:** 4.0/5.0 stars **Reviewed by:** Bhabishya B. | Content Writer, Small-Business (50 or fewer emp.) **Reviewed Date:** January 29, 2022 **What do you like best about LocalBitcoins?** It is straightforward to use, and there are thousands of ways to pay on this site to buy bitcoin. And the fee is also low on this site compared to other similar sites while sending crypto to an external wallet **What do you dislike about LocalBitcoins?** What I dislike is the KYC this site asks. They keep asking for it, and when I try to get verified, they don't all types of ID cards, only specific types of which I don't have. **What problems is LocalBitcoins solving and how is that benefiting you?** I'm using LocalBitcoins to buy Bitcoin and pay using different methods. And it has helped me a lot since I started using it. ### 4. One of the old ones but prices listed quite above local conversion rates **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Computer & Network Security | Small-Business (50 or fewer emp.) **Reviewed Date:** June 18, 2022 **What do you like best about LocalBitcoins?** Find local pals and and buy crypto on meetup or through an escrow provided by LocalBitcoins. **What do you dislike about LocalBitcoins?** The local rates put by users are usually above market rates to your local currency. **What problems is LocalBitcoins solving and how is that benefiting you?** Escrow for crypto transfer and physical meetups with other traders. ### 5. Best way to buy and sell bitcoins **Rating:** 4.5/5.0 stars **Reviewed by:** Andy C. | Senior Software Engineer, Computer Software, Small-Business (50 or fewer emp.) **Reviewed Date:** October 02, 2019 **What do you like best about LocalBitcoins?** Localbitcoin is a platform that allows its users to connect with others to buy and sell bitcoins from anywhere in the world in a safe environment for everyone. Within the platform you can place a purchase or sale announcement indicating the exact amount and the means of payment you accept, or you can find an advertisement that fits your needs, so you will always have options to exchange. At the time of initiating an exchange the platform blocks the amount at stake, so the seller will not be able to escape with your bitcoins once you pay, and this will only release once the payment is confirmed, so both parties are quite sure that they do not they will be victims of fraud for the other. You can also verify all the information of the person with whom you are negotiating, from the amount of trades completed on the platform, reputation, if their account is verified with an id card, including average payment and release times, which is very helpful for avoid exchanging with people who take their time to pay or release, something very annoying when you're in a hurry. What I like best about localbitcoins is the ease of buying and selling in large numbers of payment methods and currencies from more than 200 countries, so it is very easy for me to buy in one and sell in another to move money with commissions even 30% lower than those managed by banks. It also allows me to acquire the necessary bitcoins to pay to different providers that only accept that means of payment for being outside the United States. **What do you dislike about LocalBitcoins?** The only negative thing about the platform is the design of the page, it is not very intuitive and somewhat outdated, so the learning curve can be quite slow and long for an inexperienced user and without the guidance of someone experienced the people may be intimidated and look little excited to use it. **Recommendations to others considering LocalBitcoins:** The best recommendation is to familiarize yourself with all the options of the platform and always be attentive to the reputation of the people with whom you exchange. **What problems is LocalBitcoins solving and how is that benefiting you?** localbitcoins makes it easier for me to buy bitcoins to pay services from different providers that prefer their payments for that cryptocurrency and sell the bitcoins we receive from customers who prefer to pay in that way. ### 6. The best platform to buy and sell Bitcoins **Rating:** 4.5/5.0 stars **Reviewed by:** Manuel Y. | Analista de Gestión de la Calidad, Small-Business (50 or fewer emp.) **Reviewed Date:** September 18, 2019 **What do you like best about LocalBitcoins?** LocalBitcoins offers a powerful and easy-to-use application for buying and selling bitcoins, presenting a fast and very secure way to make transactions, in which the person selling the bitcoins secures their money on the platform and it releases them until the seller has received the payment, thus ensuring all possibilities of fraud. Each user has a reputation as a buyer or seller, which makes it safer to select with whom you want to do business. In many countries, the application can be used, which allows bitcoins to be exchanged and payments to be received in different currencies. **What do you dislike about LocalBitcoins?** In all the time I've used the app, I've never had problems making bitcoin exchanges. It's a secure platform and very easy to use. The only thing I could say is that the interface could be improved so that the visual aspect is even more pleasant than it currently is. **Recommendations to others considering LocalBitcoins:** This is a simple and fast platform to use. Being present in most countries around the world allows for receiving payments in different currencies at a very low commission. **What problems is LocalBitcoins solving and how is that benefiting you?** On several occasions, I have sold bitcoins with the need to send payments to other countries, and the platform has been very useful since being present in more than 200 countries allows for doing business with people from anywhere in the world. ### 7. The best way to buy and sell bitcoins **Rating:** 4.5/5.0 stars **Reviewed by:** Leonardo Jose R. | Ingeniero de software, Small-Business (50 or fewer emp.) **Reviewed Date:** September 15, 2019 **What do you like best about LocalBitcoins?** Localbitcoins is a global platform that allows its users to buy and sell bitcoins in more than 200 countries with their respective currencies and in a large number of payment methods, making it the option of choice for those who want to exchange their money for cryptocurrencies and vice versa quickly and safely. To buy and sell on the site, it is necessary to create an account with your real data and send documents that verify your identity, so you can be sure you are always doing business with a real person. During each exchange, the platform locks the amount at stake, and the seller will only release the escrow deposit once the payment is confirmed by the means agreed upon by the parties, so you can be sure that the seller will not run away with your bitcoins once the payment is received or that the buyer will have your bitcoins before paying as agreed. If for some reason the payment is delayed (the platform gives an hour and a half to make the payment and another hour to release the deposit), you can file a claim and a support agent will examine the transaction to help you find a quick solution. The ability to buy and sell in almost any country and almost any payment method is an advantage when you need to receive payments from people in other latitudes, as Localbitcoins only charges 1% per transaction within the platform, well below the fees incurred by interbank transfers between different countries, thus reducing costs and allowing you to offer better prices to our customers. Another very useful feature to avoid bad experiences is that you can always check the reputation of the person before starting an exchange, see if they have any negative feedback, or even how long on average it takes them to pay or release the escrow deposits. Localbitcoins also works as a good online bitcoin wallet, its entry and exit fees are really low, and its security is extremely good, allowing you to activate different measures to ensure that no one enters your account unscrupulously and sees your funds compromised. **What do you dislike about LocalBitcoins?** Localbitcoins has some aspects to improve, one of them is the design of its website and interface, which can be somewhat complicated for new users to understand and may drive them away, as the learning curve is not as quick as it should be and you might end up needing help from someone to guide you through it. **Recommendations to others considering LocalBitcoins:** Always verify the reputation of the person you will be exchanging with, this way you will avoid inconveniences. **What problems is LocalBitcoins solving and how is that benefiting you?** The use of LocalBitcoins has allowed us many things, among them we have: 1) Accept payments with low fees from people all over the world without the need for them to have access to US dollars. 2) Send payments to collaborators in different countries in their local currencies when they do not have an account in a US bank. 3) Save money in cryptocurrencies, being able to exchange them to any currency at any time to make quick payments if necessary. ### 8. best global Bitcoin platform **Rating:** 4.5/5.0 stars **Reviewed by:** Hector H. | Director musical, Small-Business (50 or fewer emp.) **Reviewed Date:** August 07, 2019 **What do you like best about LocalBitcoins?** local bitcoin arrived to change the handling of bitcoin use, having an initiative to facilitate the use of crypto currency, the security it offers is great, both personal and business, I have been using it for a long time and I have not seen errors in it is great, I highly recommend, I am grateful to be part of local bitcoin as it gives me access to financial knowledge in cryptocurrencies **What do you dislike about LocalBitcoins?** Like all things, they have their details, the price of bitcoin without a dollar reference appears in the local currency. This makes it a bit complex for countries that suffer a lot from local currency devaluation, this is somewhat confusing because in some cases the sum of money is very high and can confuse **Recommendations to others considering LocalBitcoins:** make the most of adjusting to the new digital trends, commercializing bitcoin is of great benefit regardless of the country you are in, in Venezuela we have had a strong fear of inflation but thanks to this resource we have been able to handle the virtual currency medium a little more I love to see this world known **What problems is LocalBitcoins solving and how is that benefiting you?** solves the problem of obtaining multiple accounts or wallets of bitcoin, this because in any country we can use it and this is a great benefit, in my case I will be traveling through Brazil and there I can generate change to local currency , very safe transactions, it is very satisfying to feel safe at the time of any operation ### 9. The best website to exchange bitcoins **Rating:** 4.5/5.0 stars **Reviewed by:** Cristian R. | Software Developer, Computer Software, Small-Business (50 or fewer emp.) **Reviewed Date:** September 15, 2019 **What do you like best about LocalBitcoins?** Localbitcoin is a platform for buying and selling bitcoins available in 248 countries, where you can do so with a large number of payment methods and with your national currency. It functions as an intermediary between users, each one places their buy or sell ad, the payment methods they accept (bank transfer, PayPal, cash, and many more) and the amount they want to exchange. The platform itself is very secure, during each transaction the amount of bitcoins involved is locked by the system until the seller verifies that they have received the corresponding payment, so no one will have your bitcoins until you have your money or will escape with the bitcoins you just paid for. Another feature that makes it very secure is that to create an account on the site you must go through a rather thorough identity verification process, so you are always negotiating with real and verified people. It is also very appreciated to be able to see the reputation of the users, in addition to the average times it takes them to make payments and confirm transactions, so you always have an idea of how long it will take and thus avoid starting exchanges with users who take too long. Bitcoin allows people to receive payments from people all over the world, keep them in bitcoin using your wallet or convert them very quickly to the currency of your choice or that you need at a given moment, this last feature is especially useful, as you can sell your bitcoins in the currency and country you need to pay for almost anything you can imagine, from sending money to your family and friends, paying for a gift, among others. **What do you dislike about LocalBitcoins?** There are few things to reproach about localbitcoins; if I have to criticize something, it would be the page design and all the parameters that need to be filled out when creating a new ad, both of which can be quite confusing for new users. **Recommendations to others considering LocalBitcoins:** Checking the reputation of users is a good way to avoid bad experiences. **What problems is LocalBitcoins solving and how is that benefiting you?** Localbitcoins has allowed me to make and receive payments from different countries with great ease, in addition to being able to send money to family members who are outside my country. The low fees of Localbitcoins make it my favorite platform, as I save a lot of money that I would see lost if I did it with other platforms. ### 10. Best option to obtain BTC quickly and securely **Rating:** 4.5/5.0 stars **Reviewed by:** Rafael P. | Jefe de operaciones, Small-Business (50 or fewer emp.) **Reviewed Date:** September 09, 2019 **What do you like best about LocalBitcoins?** LocalBitcoins is a platform where I can access buying and selling Bitcoin in a safe and fast way since it has a large number of users, which makes the offers widely available. It is an easy-to-use platform with a simple interface, featuring a user reputation system that generates more trust in transactions. You can buy Bitcoin with different types of currencies, which is a great benefit. Having this tool is very useful for accessing cryptocurrency like Bitcoin. **What do you dislike about LocalBitcoins?** Even with the security system that LocalBitcoins has, it can fail and sometimes you can end up scammed. It is necessary to increase security further so that these kinds of things do not continue to happen. **What problems is LocalBitcoins solving and how is that benefiting you?** The possibility of accessing Bitcoin purchases with different types of currencies was something very complicated to achieve, which with LocalBitcoins those problems were dissolved, now both for personal and business use, use LocalBitcoins to buy Bitcoin quickly and safely. ### 11. Has been in decline but still a solid option **Rating:** 3.0/5.0 stars **Reviewed by:** Mr. J. | Trevor Jones , Small-Business (50 or fewer emp.) **Reviewed Date:** June 12, 2019 **What do you like best about LocalBitcoins?** Low fees. Quick transfers. High traffic and user availability. Decent payment options. Person 2 Person economy. Anonymous or ID Verified. SMS alerts. 24/7 Support Team. **What do you dislike about LocalBitcoins?** They removed cash face to face transfers. They removed all giftcard trades. Their support team can be slow to respond at times and they often respond with generic messages as if they didn’t even read your inquiry but rather just scanned it for some keywords and send back a copy and paste about those keywords. **Recommendations to others considering LocalBitcoins:** Great for bank transfers and prepaid card purchases. Use sound judgement and you should be safe. There are some risks involved and scammers often target LBC. **What problems is LocalBitcoins solving and how is that benefiting you?** Purchasing large amounts of coin using an ever changing list of payment options, from bank transfers to prepaid cards to other crypto’s etc. ### 12. Variety of payment methods to buy BTC **Rating:** 4.5/5.0 stars **Reviewed by:** Daniel C. | Application Engineer, Mid-Market (51-1000 emp.) **Reviewed Date:** September 12, 2019 **What do you like best about LocalBitcoins?** Localbitcoins is a service P2P networks, where buyers and sellers are negotiating an exchange of digital money, and the platform acts as a trust account. It accepts a variety of payment methods for BTC purchase from Paypal to Skrill and does not impose any limits and prices of its users. **What do you dislike about LocalBitcoins?** You can buy only BTC, I want you to add other cryptocurrency. **Recommendations to others considering LocalBitcoins:** Localbitcoins is a unique platform that allows trading BTC money Paypal and many other payment processors, which are absent on other exchanges. **What problems is LocalBitcoins solving and how is that benefiting you?** I get a lot of payments through Paypal and Skrill, and I find it hard to find an exchange of trust where I can buy BTC in these payment processors, without spending a lot on commission. ### 13. Fast and secure exchange of bitcoins **Rating:** 3.0/5.0 stars **Reviewed by:** Winston F. | Project Development Manager, Information Technology and Services, Mid-Market (51-1000 emp.) **Reviewed Date:** July 10, 2019 **What do you like best about LocalBitcoins?** The main thing is that they have qualified people who make efficient sales and with a very quick way to contact. It's important to say that LocalBitcoins is the only site I know that helps you find people who sell Bitcoins locally in each city and country. On the other hand, there are certain payment methods that will cost a premium of up to 20% depending on the risk to the seller. We have invested in Bitcoins for a long time and I have been able to use the platform with total security. In addition, the possibility of sending and receiving different payment formats has allowed me to attract more customers and grow my business. So, as a result, I can also use different types of cryptocurrency services like LocalBitcoins and wallets from time to time to receive payments from clients and exchange some Bitcoins and other cryptocurrencies later for fiduciary money **What do you dislike about LocalBitcoins?** My only displeasure is that the website itself is very poorly distributed and organized, honestly it is not easy to navigate through it. Despite this, the platform has very high security standards, and eliminates 100% of these risks, allowing the exchange in minutes and very easily. With a support team 24/7 **Recommendations to others considering LocalBitcoins:** In addition to LocalBitcoin there is Paxful and other options, but I recommend this platform due to its ease of use and security, I have used it many times and I have not had any problems. I recommend it to anyone who needs to buy bitcoins and does not want to use an exchange. And especially if you need to sell Bitcoin and do not want to do it through banks or other processors that charge too high fees, here you can do it in person at the market price and without fees. The important thing is that basically, you are paying for your privacy and anonymity in transactions. In addition, it is compatible with a multitude of payment methods, including some totally anonymous methods such as gift cards. **What problems is LocalBitcoins solving and how is that benefiting you?** LocalBitcoin is a wonderful place to buy and sell your BTC with your convenience of payment. We use this site to buy Bitcoins to invest in our business through the cryptocurrency and LocalBitcoins represents security and confidence when making a Bitcoin exchange, so I recommend it. My main reason for using this platform was because of its high degree of security, reliability, speed and ease of use for the exchange of money for bitcoin, with many people in different countries ### 14. Great exchange with tons of methods **Rating:** 4.5/5.0 stars **Reviewed by:** Pilato G. | Web Designer, Internet, Small-Business (50 or fewer emp.) **Reviewed Date:** March 05, 2019 **What do you like best about LocalBitcoins?** I have used this platform for exchange for more than 4 years thanks to the fact that buying or selling Bitcoin in Localbitcoins is very easy due to its large number of users who accept payments in almost all available methods, I have personally accepted as a means of payment transfers bank, ethereum, paypal, paxum and visa. The best thing about this exchange is probably its security, since the funds are retained through escrow until the parties are satisfied with the exchange, that is when localbitcoins acting as intermediary releases the money and the business is terminated. It is also possible to filter through the country or the desired payment method which makes it especially useful and quick to find a buyer or seller, when we find a person with whom to start a negotiation it is possible to check their reputation and identity to decide if we want to take the exchange or on the contrary not doing it if it does not inspire confidence. To end up highlighting the reason why localbitcoins is more famous and is the possibility of being able to sell or buy Bitcoin in person. **What do you dislike about LocalBitcoins?** The worst thing without a doubt is the website itself, it is very poorly distributed and organized, it is honestly not nice to browse through it. The interface is outdated and sometimes it is difficult to carry out an exchange because you have the feeling that you are doing it with a lack of information since it is all badly organized and it is necessary to use the scroll constantly. **Recommendations to others considering LocalBitcoins:** I suggest using this platform especially if you need to sell Bitcoin and do not want to do it through banks or other processors that charge too high fees, here you can do it in person at market price and without fees. **What problems is LocalBitcoins solving and how is that benefiting you?** Mainly I use Localbitcoins to exchange the money obtained in Bitcoin and change it to EUR or USD, most of the cases I accept bank transfer but if I look for a higher rate I prefer to do it in person. One of the great advantages of localbitcoins is to be able to make exchanges with low fees. ### 15. A great way to exchange and buy bitcoins for users who are not in the US **Rating:** 5.0/5.0 stars **Reviewed by:** Zohaib A. | Co-Founder, Marketing and Advertising, Small-Business (50 or fewer emp.) **Reviewed Date:** January 30, 2019 **What do you like best about LocalBitcoins?** Really like having the ability to buy and deal in bitcoins with users all across the globe as well as users who are in your local area. There are a lot of options for payment methods too so its pretty convenient for everyone to convert their assets into btc. **What do you dislike about LocalBitcoins?** Nothing to dislike. Just one thing, wish the minimum offer amount was a bit lower but it's all good, no worries! **What problems is LocalBitcoins solving and how is that benefiting you?** More often than not, we need make payments in bitcoins and this is the perfect solution for us to do that.. ### 16. Good option for buying and selling bitcoin **Rating:** 4.5/5.0 stars **Reviewed by:** Craig H. | Sales Attendant, Enterprise (> 1000 emp.) **Reviewed Date:** February 06, 2019 **What do you like best about LocalBitcoins?** LocalBitcoins is a platform that offers good security in the exchange of Bitocins, its commissions are low and there is always demand and supply so there will always be someone available to make a trade. I like it because its interface is simple and easy to understand from the beginning. **What do you dislike about LocalBitcoins?** There are some established limits that you can only increase by checking your account, this tends to delay the exchange process if you need it urgently. **Recommendations to others considering LocalBitcoins:** LocalBitcoins represents security and confidence when making a Bitcoin exchange so I recommend it. **What problems is LocalBitcoins solving and how is that benefiting you?** Sometimes we run out of liquidity of some currencies and thanks to LocalBitcoins we can buy bitcoins solving this problem and at the same time we end up saving in commissions. ### 17. Supports multiple payment processors and currencies **Rating:** 3.5/5.0 stars **Reviewed by:** Maria P. | Cryptocurrency Trader, Small-Business (50 or fewer emp.) **Reviewed Date:** February 15, 2019 **What do you like best about LocalBitcoins?** LocalBitcoins is not a common exchange but a platform that acts as an intermediary between buyers and sellers of BTC (P2P), supports multiple payment processors and currencies, in my case being able to use Paypal to buy BTC is very helpful, requires a "deposit guarantee" for more security against scammers. **What do you dislike about LocalBitcoins?** So far I have no complaints about this platform, some users comment that there are many scammers in it but I have not come across any. **Recommendations to others considering LocalBitcoins:** It is a different exchange where you can buy BTC easily and with several payment alternatives. **What problems is LocalBitcoins solving and how is that benefiting you?** Localbitcoins allows me to buy BTC with Paypal and Western Union something very useful and almost not found, an excellent platform. ### 18. Really good place to trade Bitcoins safely **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Information Technology and Services | Small-Business (50 or fewer emp.) **Reviewed Date:** February 10, 2019 **What do you like best about LocalBitcoins?** It is super easy to use for a first-timer. User interface is truly self-explanatory. It is very minimalisitic and simple, so anybody could easily understand it. Besides, it is considered to be one of the most private and anonymous ways to buy and sell Bitcoins. **What do you dislike about LocalBitcoins?** I wish it was highly protected against all kinds of scammers. There is still a slight chance that you can get scammed somehow. The service is a little bit overpriced and has high fees comparing to others. But, basically, you are paying for your privacy and anonymity. So, it is up to you whether you want your deal to be private and pay extra or not. **Recommendations to others considering LocalBitcoins:** If you need to buy/sell Bitcoins very fast and easily – LocalBitcoins is a right place for you. Also, if you want to preserve your anonymity when trading Bitcoins, this is also a service you've been looking for. LocalBitcoins is a really legit and safe service, and, also, it is really cool that it allows you to buy Bitcoins with a various payment methods. **What problems is LocalBitcoins solving and how is that benefiting you?** Besides working full-time, I also work as a freelance web designer and developer for the last several years. I get orders from clients from all over the world and some of them prefer to pay me in cryptocurrency from time to time. So, as a result I also get to use different kinds of cryptocurrency services like LocalBitcoins and wallets from time to time to get payments from clients and to exchange some Bitcoins and other cryptocurrency for fiat money later. For that matter I usually also try to make our deals anonymous and do not use my real name anywhere when using those crypto services. I usually go by my alias Bob23 whenever I need to accept cryptopayments or exchange accumulated cryptocurrency. ### 19. Great Idea, Bad business **Rating:** 1.5/5.0 stars **Reviewed by:** Jessica S. | User Tester, Mid-Market (51-1000 emp.) **Reviewed Date:** February 06, 2019 **What do you like best about LocalBitcoins?** I really liked the thought and idea of easily selling bitcoin and cryptocurrency online, peer to peer and using multiple ways to pay the seller. It is a super simple business platform but it involves HIGH RISK because of the people who hold/invest//use cryptocurrency, bitcoin, altcoins, etc. **What do you dislike about LocalBitcoins?** I ABSOLUTELY HATED THAT I WAS SCAMMED BY A BUYER (resulting in loss of bitcoin and payment), THEN Local Bitcoins WANTED TO TAKE 0% RESPONSIBILITY AND TELL ME THAT I SHOULD BEWARE WHO I DO BUSINESS WITH ON THEIR WEBSITE. I FELT VIOLATED, USED, AND LIKE THE FACT I LOST MONEY THROUGH THEIR WEBSITE AND SETUP WAS MY FAULT. I WAS NOT NEARLY INFORMED AND EDUCATED AT THE TIME OF THE TRANSACTION AND I WILL BE THE FIRST TO STATE, INSTEAD OF LETTING THEIR USERS GET RIPPED, SCAMMED, AND CHEATED LB SHOULD BE WILLING TO HELP AND EDUCATE THOSE WANTING TO LEARN ABOUT CRYPTO AND WHAT TO AVOID. **Recommendations to others considering LocalBitcoins:** Safe yourself the risk and DON'T USE LocalBitcoins!! **What problems is LocalBitcoins solving and how is that benefiting you?** Honestly, I haven't had any positive or anything even relatively good from LocalBitcoins. Yes, it would be super easy and convenient to buy, sell, and trade crypto/bitcoin online but the odds in it ever being a 100% legitimate business with no illegal activity or scamming (involved on someone or another end) isn't a realistic future unless buyers and sellers are closely monitored ALONG WITH the origin of the bitcoin/bitcoins. With that being stated, I haven't had even a glimpse in the direction of the slightest benefit. ### 20. Fast and secure transactions. **Rating:** 4.0/5.0 stars **Reviewed by:** Barry B. | Sales Marketing Manager, Small-Business (50 or fewer emp.) **Reviewed Date:** February 21, 2019 **What do you like best about LocalBitcoins?** LocalBitcoins is a platform that intermediates as an escrow to buy and sell BTC, has an intuitive interface and easy to understand even the most beginner, offers a wide variety of payment processors, fast and secure transactions. **What do you dislike about LocalBitcoins?** It is a platform that fulfills what it promises but 1% of each transaction seems to me to be very high. **Recommendations to others considering LocalBitcoins:** It is very easy to use and if one is careful and uses well the platform will never encounter scammers. **What problems is LocalBitcoins solving and how is that benefiting you?** I use it when I need to buy BTC with Western Union sometimes I have real money and LocalBitcoins makes it easy for me to buy. ### 21. A P2P exchange platform **Rating:** 4.0/5.0 stars **Reviewed by:** Rachel D. | Cryptocurrency Trader, Small-Business (50 or fewer emp.) **Reviewed Date:** February 16, 2019 **What do you like best about LocalBitcoins?** LocalBitcoins is a P2P exchange platform, it's very secure and private, you don't need to share your identity to trade, it offers many payment methods among them my favorite Western Union and charges only 1% per operation. **What do you dislike about LocalBitcoins?** There are many scammers circling this platform, but if one is cautious there is no possibility of scam. **Recommendations to others considering LocalBitcoins:** It is one of the best options when buying BTC, an excellent platform, safe and easy to use. **What problems is LocalBitcoins solving and how is that benefiting you?** It is a different platform, very interesting and useful as it offers many payment methods and with some luck a very convenient negotiation is achieved. ### 22. Low fees and fast transfers. **Rating:** 4.5/5.0 stars **Reviewed by:** Diego B. | Cryptocurrency Trader, Small-Business (50 or fewer emp.) **Reviewed Date:** January 30, 2019 **What do you like best about LocalBitcoins?** Localbitcoins is not a normal exchange, it is a platform to exchange bitcoins directly with other people, you get very good exchange rates because you negotiate directly with the seller, you charge few commissions and is very secure. **What do you dislike about LocalBitcoins?** In some countries there are few sellers and some set transfer limits. **Recommendations to others considering LocalBitcoins:** Although not always get the best rate is a very interesting platform for its versatility. **What problems is LocalBitcoins solving and how is that benefiting you?** the possibility of sending and receiving different payment formats has made it possible to attract more customers and grow my business. ### 23. A good bitcoin trader **Rating:** 4.5/5.0 stars **Reviewed by:** Verified User in E-Learning | Small-Business (50 or fewer emp.) **Reviewed Date:** February 09, 2019 **What do you like best about LocalBitcoins?** You have the opportunity of tading online and also contact people for face to face trading. Is one of the biggest platform I've known to exchange your bitcoins. Is also pretty safe and provides a two factor authentication system to prevent security risks. Online exchanges are controlled by the platform itself, and the bitcoins are only release when the money has been received by the seller. **What do you dislike about LocalBitcoins?** Is really hard to do bussiness in this platform since some organizations have really competitive exchange prices. **Recommendations to others considering LocalBitcoins:** ENable the Two factor authentication system to avoid any security risk. **What problems is LocalBitcoins solving and how is that benefiting you?** Is a fast wat to find people interested in buying or selling Bitcoins, in some countries like Spain there are not enough companies acceping Bitcoins so having the ability to buy them directly to someone is actually really interesting.. ### 24. route to the future **Rating:** 2.0/5.0 stars **Reviewed by:** Adam A. | Developer, Mid-Market (51-1000 emp.) **Reviewed Date:** January 07, 2019 **What do you like best about LocalBitcoins?** It is so easy and simple to use, that is my favourite part, the easy interface, super easy to buy bitcoin. **What do you dislike about LocalBitcoins?** I really dislike the limits which are set, sometimes i want to deposit large amount but unfortunately due to the limit rule i am unable to, for such great machine, this feature should not be there at all **Recommendations to others considering LocalBitcoins:** Ensure you know the limits on the machines you intent to use and sometimes they are not working so better to check their website before going down there. **What problems is LocalBitcoins solving and how is that benefiting you?** Use it to deposit cash quickly for clients, i have noticed that there are more of these machines being installed which is fantastic. ### 25. Find Bitcoins Being Sold Near! **Rating:** 5.0/5.0 stars **Reviewed by:** Jimmy G. | Director Of Marketing, Mid-Market (51-1000 emp.) **Reviewed Date:** February 06, 2019 **What do you like best about LocalBitcoins?** LocalBitcoins is the only site I know of that helps you find people selling Bitcoins locally. We used it when Bitcoin shot up and we wanted to find someone local to buy their Bitcoin. Had a great experience with it and will continue using it **What do you dislike about LocalBitcoins?** Nothing I can think of that I don't like. The site can be slow sometimes. **Recommendations to others considering LocalBitcoins:** I recommend this to anyone that needs to buy bitcoin and doesnt want to use an exchange **What problems is LocalBitcoins solving and how is that benefiting you?** We used this site to buy Bitcoins for investing in our business via cryptocurrency ### 26. Exchange in Localbitcoin, Bitcoins for local currency for about one year **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Insurance | Mid-Market (51-1000 emp.) **Reviewed Date:** September 16, 2018 **What do you like best about LocalBitcoins?** I like the security and reliability with which bitcoins are sold and bought, making payments by bank transfer in local currency and other currencies, to people that you do not know, person who can be in different countries, which means a risk for our money, but the Localbitcoins platform eliminates 100% of these risks, allowing the exchange in minutes and very easily. **What do you dislike about LocalBitcoins?** It is uncomfortable that the verification of identity documents, bank accounts and payment platforms should be sent in each transaction, if the buyer or seller demands it Localbitcoins should carry out the verification and sending of documents only once, when the user registers on the platform, thus guaranteeing the security of identity identification for all registered users. **Recommendations to others considering LocalBitcoins:** Use Localbitcoin for its high degree of security, reliability, speed and ease of use for the exchange of money by bitcoin, with many people in different countries **What problems is LocalBitcoins solving and how is that benefiting you?** Localbitcoins is a platform that helps solve the problem of countries where there is difficult access to hard currency exchange, allowing exchange of local currency for Bitcoins, cryptocurrency that can be exchanged for hard currency or higher economic value such as dollars or other currencies. ### 27. buy or sell your bitcoins in person **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Information Technology and Services | Small-Business (50 or fewer emp.) **Reviewed Date:** January 28, 2019 **What do you like best about LocalBitcoins?** localbitcoin is the only way to make physical what is actually virtual **What do you dislike about LocalBitcoins?** localbitcoin has no negative characteristics **Recommendations to others considering LocalBitcoins:** if you want to buy Bitcoin and you do not know how to do Localbitocin can be a first step to get to know and become familiar with this world. **What problems is LocalBitcoins solving and how is that benefiting you?** localbitcoin can be used to buy bitcoins in person, using real money instead of card or wire payments. ### 28. The best option in wallets, with no fees and a quick way to do business. **Rating:** 5.0/5.0 stars **Reviewed by:** Victor Daniel V. | Programador Musical, Entertainment, Small-Business (50 or fewer emp.) **Reviewed Date:** May 08, 2018 **What do you like best about LocalBitcoins?** Localbitcoins give me the oppurtunity to make a smart and quick investment on different types of criptocoins, you can sell it as well. Im from sudamerica and becomes really helpfull to me to make some savings and even start to learn how to run some bitcoins and make better economic decisions. You can make a post to sell or buy and make smart business. **What do you dislike about LocalBitcoins?** Something really interesting about Localbitcoins its, you can have a lot of method to sell or buy your bitcoins, but with the politycs about indentification and confirmation you may experiment a very frustant time trying to get totally confirmed, with some little problems with the picture of your ID or passport, but this not all the time, its just a personal experience. **Recommendations to others considering LocalBitcoins:** If your'e thinking about invest on bitcoins, no matter where you from, i recommend Localbitcoins, first because have no fees doing it from LB to LB, and second you can start to learn how make better investments and do business with people all around the world. You can buy bitcoins with paypal, giftcard, a lot of banks and always clean way. **What problems is LocalBitcoins solving and how is that benefiting you?** The security you feel making business through Localbitcoins, its a totally relevant benefit on this bitcoin world. You have the opportunity to wait to complete the bank transactions to them liberate the bitcoins to your buyer. I think its one of the best doing this kind of transactions and the quicker one. You have a rated people who made efficent sells and with a very fast way to answer. ### 29. LocalBT **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Investment Banking | Small-Business (50 or fewer emp.) **Reviewed Date:** April 27, 2019 **What do you like best about LocalBitcoins?** I like that you can get cash for your bitcoin from locals **What do you dislike about LocalBitcoins?** I dislike the dangers of buying or selling to a random person **Recommendations to others considering LocalBitcoins:** Give it a try but stay cautious **What problems is LocalBitcoins solving and how is that benefiting you?** None ### 30. Very easy & easy for exchanging, very low costs. Internet Rate quickly packing. **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Banking | Small-Business (50 or fewer emp.) **Reviewed Date:** February 08, 2019 **What do you like best about LocalBitcoins?** - Wonderful interface - Exchanging is actually quick - Small fees - Easy for beginners **What do you dislike about LocalBitcoins?** - Slow-moving support (sometimes I do not obtain a reply in all) - Slow-moving withdrawals - The majority of customer reviews are truly negative **What problems is LocalBitcoins solving and how is that benefiting you?** I just moved from LocalBitcoins to Whaleclub, I extremely suggest Whaleclub as it functions a lot better for my small trading. ### 31. Bitcoins **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Accounting | Small-Business (50 or fewer emp.) **Reviewed Date:** February 09, 2019 **What do you like best about LocalBitcoins?** I like the option to use bitcoins in my own neighborhood and to collect them via local businesses and also use them at local businesses. **What do you dislike about LocalBitcoins?** I dislike the lag in load up time when using the application software. It could definitely be quicker **What problems is LocalBitcoins solving and how is that benefiting you?** This is for personal use and it is helping me to save and make extra money ## LocalBitcoins Discussions - [Everything i had into this crypto investment](https://www.g2.com/discussions/everything-i-had-into-this-crypto-investment) - 1 comment, 1 upvote - [My bitcoin](https://www.g2.com/discussions/my-bitcoin) - 1 comment, 1 upvote - [How do I convert Bitcoin to cash?](https://www.g2.com/discussions/how-do-i-convert-bitcoin-to-cash) - 1 comment - [Can you get scammed on LocalBitcoins?](https://www.g2.com/discussions/can-you-get-scammed-on-localbitcoins) - 2 comments - [View LocalBitcoins pricing details and edition comparison](https://www.g2.com/products/localbitcoins/reviews?section=pricing&secure%5Bexpires_at%5D=2026-05-14+11%3A39%3A05+-0500&secure%5Bsession_id%5D=5af934d2-a6f5-42f9-94f7-c95eb5854a30&secure%5Btoken%5D=4f80e3a72e87f6ecf4dfa1f431cf623156351c3f65db7bbe0c179be49328ab78&format=llm_user) ## Top LocalBitcoins Alternatives - [Binance](https://www.g2.com/products/binance/reviews) - 4.0/5.0 (193 reviews) - [Coinbase Exchange](https://www.g2.com/products/coinbase-exchange/reviews) - 3.8/5.0 (121 reviews) - [UPHOLD](https://www.g2.com/products/uphold/reviews) - 4.1/5.0 (84 reviews)