Top Rated LocalBitcoins Alternatives
LocalBitcoins is a platform where I can access the buying and selling of Bitcoin in a safe and fast way since it has a large number of users, which makes the offers have great reach. It is an easy-to-use platform with a simple interface, featuring a user reputation system that generates more trust in transactions. Bitcoin can be purchased with different types of currencies, which is a great benefit. Having this tool is very useful for accessing cryptocurrency like Bitcoin. Review collected by and hosted on G2.com.
Even with the security system that LocalBitcoins has, it can fail and sometimes result in being scammed, it is necessary to increase security so that these kinds of things do not continue to happen. Review collected by and hosted on G2.com.
30 out of 31 Total Reviews for 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. Review collected by and hosted on G2.com.
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 - ) Review collected by and hosted on G2.com.
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 Review collected by and hosted on G2.com.
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. Review collected by and hosted on G2.com.
Find local pals and and buy crypto on meetup or through an escrow provided by LocalBitcoins. Review collected by and hosted on G2.com.
The local rates put by users are usually above market rates to your local currency. Review collected by and hosted on G2.com.
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. Review collected by and hosted on G2.com.
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. Review collected by and hosted on G2.com.
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 possibility 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 payment to be received in different currencies. Review collected by and hosted on G2.com.
In all the time I have used the application, I have never had problems when exchanging bitcoins. It is 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 the current one. Review collected by and hosted on G2.com.
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 in play, and the seller will only release the escrow once the payment is confirmed by the means agreed upon between 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 appropriate. 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 being able to offer a better price to our customers. Another very useful feature to avoid bad experiences is that you can always verify 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.
Localbitcoins also functions 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 accesses your account unscrupulously and sees your funds compromised. Review collected by and hosted on G2.com.
Localbitcoins has some aspects to improve, one of them is the design of its website and interface, this can be somewhat complicated to understand for new users and drive them away from it, since the learning curve is not as quick as it should be and you may end up needing help from someone to guide you through it. Review collected by and hosted on G2.com.
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 Review collected by and hosted on G2.com.
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 Review collected by and hosted on G2.com.
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 placing their purchase or sale 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 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 very thorough identity verification process, so you are always negotiating with real and verified people. It is also greatly appreciated to be able to see the reputation of 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. Review collected by and hosted on G2.com.
There are few things to reproach about localbitcoins, if I have to criticize something it would be the design of the page and all the parameters that need to be filled out when creating a new ad, both can be quite confusing for new users. Review collected by and hosted on G2.com.
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. Review collected by and hosted on G2.com.
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. Review collected by and hosted on G2.com.
