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Localbitcoins Review
Unilike other bitcoin exchanges, LocalBitcoins offers a new way to buy and sell your bitcoins. LocalBitcoins is a peer-to-peer (p2p) bitcoin exchange based in Helsinki, Finland.
Localbitcoins.com has been serving users from all over the world for years without any incidents of users losing funds.
Localbitcoins is currently available in all countries except for the state of New York and Germany. This bitcoin exchange is the only option to buy and sell bitcoins in a lot of countries around the world.
So how does Localbitcoins actually work? Easy. Localbitcoins is a platform that matches buyers and sellers based on their location, when you visit Localbitcoins you'll see a page similar to the below picture, it will show you users that are near by your location and it will show information about their buy/sell offers.
Buyers and Sellers publish ads specifying their accepted payment method, their location, minimum buy/sell amount and maximum buy/sell amount.
As you can see, Localbitcoins is one of the most popular websites in the world, it ranks as the 2876 th most popular website in the United States and is also popolar in China, United Kingdom etc.
With over $130 Million USD weekly trading volume, Localbitcoins is one of the most used bitcoin exchanges. Localbitcoins has no fees on trading except if you use their ads service, in that case, you'll pay a flat 1% trading fee.
LocalBitcoins Review Summary:
| Weekly Trading Volume | $130 Million USD |
| Cryptocurrencies | It focuses on Bitcoin only. |
| Payment Method | Localbitcoins doesn't limit you with a specific payment method, you can agree with the buyer/seller on whatever payment method you both agree on |
| Features | Bitcoin Segwit support, which means lower withdrawal fees |
| Supported Fiat | Any Fiat currency the buyer and seller agrees on |
| Headquaerters | Helsinki, Finland. |
| Fee | No fees except if you use their optional ads, in that case a flat 1% is applied on all trades |
| Alexa Ranking | Localbitcoins is one of the worlds most popular websites, it ranks as the 2631 th world's most popular website |
| Visit LocalBitcoins |
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