Coinranking
Coin listings
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About LocalBitcoins
LocalBitcoins Exchange: Your P2P Bitcoin Hub
LocalBitcoins, launched in 2012 and based in Helsinki, Finland, is a peer-to-peer (P2P) Bitcoin exchange that connects buyers and sellers worldwide. Founded by Jeremias Kangas, it’s a go-to platform for trading Bitcoin directly with others, supporting local currencies in 189 countries. As of May 2025, it’s still active, with a solid user base of over 1 million traders and a recent weekly trading volume around $5.5–$7.5 million, making it a lively spot for Bitcoin enthusiasts.
What Stands Out
LocalBitcoins shines with its P2P setup, letting you trade Bitcoin directly with others using an escrow system to keep things fair—whether you’re paying via bank transfer, PayPal, or even cash in person, it works in 224 countries with tons of payment options. Fees are straightforward: sellers posting ads pay 1%, while buyers responding to ads trade for free, keeping costs low. Security is tight with 2FA, a Login Guard for new device verification, and 90% cold storage to protect your funds. Plus, it has a reputation system and dispute resolution to help you trade with confidence, making it a trusted space for both newbies and pros.
What to Keep in Mind
While LocalBitcoins is great for privacy, it’s not fully anonymous—Finland’s 2019 Virtual Currency Provider laws mean KYC/AML checks are required, so you’ll need to verify your identity for larger trades. Some users on Trustpilot mention high withdrawal fees or occasional delays, so it’s wise to start with smaller trades to test the waters. The platform focuses solely on Bitcoin, so if you’re looking to trade altcoins, you’ll need another exchange. Regulatory pressures, like its mention in a U.S. Treasury report for ties to Bizlato, suggest keeping an eye on compliance risks. You can dive in at https://localbitcoins.com to start trading today.
LocalBitcoins offers a reliable, user-friendly way to trade Bitcoin P2P, perfect for those who value flexibility and privacy, but its Bitcoin-only focus and regulatory landscape are worth considering.