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LocalBitcoins

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31 reviews
  • 1 profiles
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Average star rating
4.1
Serving customers since
2012
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LocalBitcoins Reviews

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Star Rating
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Bhabishya B.
BB
Bhabishya B.
A random guy on the internet
01/29/2022
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review

One of the best website to buy crypto

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
Andy C.
AC
Andy C.
Senior Software Engineer at SESolutions LLC
10/02/2019
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review

Best way to buy and sell bitcoins

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.
Manuel Y.
MY
Manuel Y.
Quality Management Analyst at Indigo Energy International
09/18/2019
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Verified Current User
Review source: G2 invite
Incentivized Review
Translated Using AI

The best platform to buy and sell Bitcoins

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.

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HQ Location:
Helsinki, Southern Finland

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@LocalBitcoins

What is LocalBitcoins?

LocalBitcoins is a peer-to-peer Bitcoin trading platform that facilitates the buying and selling of Bitcoin directly between users. Founded in 2012 and based in Finland, it allows individuals to create advertisements to buy or sell Bitcoin and negotiate transactions with others. The platform supports a wide range of payment methods, enabling buyers and sellers to choose the most convenient option for their transactions. LocalBitcoins focuses on providing a globally accessible marketplace for Bitcoin exchanges and offers escrow services to enhance transaction security. The website also features a reputation system and feedback mechanism to help users make informed trading decisions.

Details

Year Founded
2012