LocalBitcoins Review – Person-to-Person Bitcoin Trading Site

Looking to trade Bitcoin in person? See why LocalBitcoins is the top peer-to-peer exchange in our detailed review covering sign-up, verification, buying, selling, fees, and security.

LocalBitcoins is the largest and one of the best peer-to-peer Bitcoin exchanges. Also, it is trustworthy and has a good reputation. You can find here the most trusted traders and attractive exchange rates. Therefore, you can trade bitcoins with more than 60 different payment methods. Certainly, people can convert their local currency into bitcoin.

You are protected from being scammed because all online trades are protected by escrow. Also, two-factor authentication protects your account when someone finds your password. In addition, the login guard protects your account from logins from unknown web browsers.

Payment Methods

Accepted payment methods are Credit cards, Bank transfer, OKPay, Paypal, WebMoney, Neteller, Moneybookers / Skrill, Perfect Money, CashU, SolidTrustPay, Paxum, Payeer, and others.

How To Buy and Sell Bitcoins

Register an account with LocalBitcoins. Then go to the main page and in the search box select:

1. The option “QUICK BUY” or “QUICK SELL”.

buy or sell

2. Your currency and the amount you want to buy or sell.

LocalBitcoins review - amount and currency

3. Your location.

LocalBitcoins - location

4. The payment method. If you are unsure how you want to pay or to be paid, choose the “All online offers” option.

Select payment method

5. Click the button “Search”. From the list of offers choose one from a trader with a good reputation score and a high amount of trades. After you press the “Buy” or “Sell” button you will see more information about the offer and the terms of the trade.

LocalBitcoins review - information about the offer

6. Enter how much you wish to buy or sell and press the “Send trade request” button.

Localbitcoins - send trade request

The buyer will pay for the Bitcoins and confirm it. After that, the seller will release Bitcoins. You can manage and review LocalBitcoins trades on the dashboard.

Updated on 12-02-2023:

LocalBitcoins is shutting down its Bitcoin trading services

The best LocalBitcoins alternatives are Coinbase and Binance

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