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LocalBitcoins Reviews & Product Details - Page 2

LocalBitcoins Overview

What is LocalBitcoins?

LocalBitcoins.com is a person-to-person bitcoin trading site.

LocalBitcoins Details
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Product Description

LocalBitcoins.com is a person-to-person bitcoin trading site.


Seller Details
Year Founded
2012
HQ Location
Helsinki, Southern Finland
Twitter
@LocalBitcoins
61,508 Twitter followers
LinkedIn® Page
www.linkedin.com
63 employees on LinkedIn®

Recent LocalBitcoins Reviews

Rajnikant S.
RS
Rajnikant S.Small-Business (50 or fewer emp.)
5.0 out of 5
"LocalBitcoin a secure plateform to trade your crypto"
Buy/Sell with goodprice and more options available choose traders
Verified User
U
Verified UserSmall-Business (50 or fewer emp.)
3.5 out of 5
"One of the old ones but prices listed quite above local conversion rates"
Find local pals and and buy crypto on meetup or through an escrow provided by LocalBitcoins.
Chokri A.
CA
Chokri A.Small-Business (50 or fewer emp.)
3.0 out of 5
"The Oldest p2p Bitcoin Trading Platform"
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 d...
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LocalBitcoins Media

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31 LocalBitcoins Reviews

4.1 out of 5
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31 LocalBitcoins Reviews
4.1 out of 5
31 LocalBitcoins Reviews
4.1 out of 5
G2 reviews are authentic and verified.
Mr. J.
MJ
Trevor Jones
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about LocalBitcoins?

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.

What do you dislike about LocalBitcoins?

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.

Recommendations to others considering LocalBitcoins:

Great for bank transfers and prepaid card purchases. Use sound judgement and you should be safe. There are some risks involved and scammers often target LBC. Review collected by and hosted on G2.com.

What problems is LocalBitcoins solving and how is that benefiting you?

Purchasing large amounts of coin using an ever changing list of payment options, from bank transfers to prepaid cards to other crypto’s etc. Review collected by and hosted on G2.com.

Daniel C.
DC
Application Engineer
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about LocalBitcoins?

Localbitcoins is a service P2P networks, where buyers and sellers are negotiating an exchange of digital money, and the platform acts as a trust account. It accepts a variety of payment methods for BTC purchase from Paypal to Skrill and does not impose any limits and prices of its users. Review collected by and hosted on G2.com.

What do you dislike about LocalBitcoins?

You can buy only BTC, I want you to add other cryptocurrency. Review collected by and hosted on G2.com.

Recommendations to others considering LocalBitcoins:

Localbitcoins is a unique platform that allows trading BTC money Paypal and many other payment processors, which are absent on other exchanges. Review collected by and hosted on G2.com.

What problems is LocalBitcoins solving and how is that benefiting you?

I get a lot of payments through Paypal and Skrill, and I find it hard to find an exchange of trust where I can buy BTC in these payment processors, without spending a lot on commission. Review collected by and hosted on G2.com.

Winston F.
WF
Project Development Manager
Information Technology and Services
Mid-Market(51-1000 emp.)
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Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about LocalBitcoins?

The main thing is that they have qualified people who make efficient sales and with a very quick way to contact.

It's important to say that LocalBitcoins is the only site I know that helps you find people who sell Bitcoins locally in each city and country. On the other hand, there are certain payment methods that will cost a premium of up to 20% depending on the risk to the seller.

We have invested in Bitcoins for a long time and I have been able to use the platform with total security. In addition, the possibility of sending and receiving different payment formats has allowed me to attract more customers and grow my business.

So, as a result, I can also use different types of cryptocurrency services like LocalBitcoins and wallets from time to time to receive payments from clients and exchange some Bitcoins and other cryptocurrencies later for fiduciary money Review collected by and hosted on G2.com.

What do you dislike about LocalBitcoins?

My only displeasure is that the website itself is very poorly distributed and organized, honestly it is not easy to navigate through it. Despite this, the platform has very high security standards, and eliminates 100% of these risks, allowing the exchange in minutes and very easily. With a support team 24/7 Review collected by and hosted on G2.com.

Recommendations to others considering LocalBitcoins:

In addition to LocalBitcoin there is Paxful and other options, but I recommend this platform due to its ease of use and security, I have used it many times and I have not had any problems. I recommend it to anyone who needs to buy bitcoins and does not want to use an exchange. And especially if you need to sell Bitcoin and do not want to do it through banks or other processors that charge too high fees, here you can do it in person at the market price and without fees. The important thing is that basically, you are paying for your privacy and anonymity in transactions. In addition, it is compatible with a multitude of payment methods, including some totally anonymous methods such as gift cards. Review collected by and hosted on G2.com.

What problems is LocalBitcoins solving and how is that benefiting you?

LocalBitcoin is a wonderful place to buy and sell your BTC with your convenience of payment. We use this site to buy Bitcoins to invest in our business through the cryptocurrency and LocalBitcoins represents security and confidence when making a Bitcoin exchange, so I recommend it. My main reason for using this platform was because of its high degree of security, reliability, speed and ease of use for the exchange of money for bitcoin, with many people in different countries Review collected by and hosted on G2.com.

PG
Web Designer
Internet
Small-Business(50 or fewer emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about LocalBitcoins?

I have used this platform for exchange for more than 4 years thanks to the fact that buying or selling Bitcoin in Localbitcoins is very easy due to its large number of users who accept payments in almost all available methods, I have personally accepted as a means of payment transfers bank, ethereum, paypal, paxum and visa.

The best thing about this exchange is probably its security, since the funds are retained through escrow until the parties are satisfied with the exchange, that is when localbitcoins acting as intermediary releases the money and the business is terminated.

It is also possible to filter through the country or the desired payment method which makes it especially useful and quick to find a buyer or seller, when we find a person with whom to start a negotiation it is possible to check their reputation and identity to decide if we want to take the exchange or on the contrary not doing it if it does not inspire confidence.

To end up highlighting the reason why localbitcoins is more famous and is the possibility of being able to sell or buy Bitcoin in person. Review collected by and hosted on G2.com.

What do you dislike about LocalBitcoins?

The worst thing without a doubt is the website itself, it is very poorly distributed and organized, it is honestly not nice to browse through it. The interface is outdated and sometimes it is difficult to carry out an exchange because you have the feeling that you are doing it with a lack of information since it is all badly organized and it is necessary to use the scroll constantly. Review collected by and hosted on G2.com.

Recommendations to others considering LocalBitcoins:

I suggest using this platform especially if you need to sell Bitcoin and do not want to do it through banks or other processors that charge too high fees, here you can do it in person at market price and without fees. Review collected by and hosted on G2.com.

What problems is LocalBitcoins solving and how is that benefiting you?

Mainly I use Localbitcoins to exchange the money obtained in Bitcoin and change it to EUR or USD, most of the cases I accept bank transfer but if I look for a higher rate I prefer to do it in person. One of the great advantages of localbitcoins is to be able to make exchanges with low fees. Review collected by and hosted on G2.com.

ZA
Co-Founder
Marketing and Advertising
Small-Business(50 or fewer emp.)
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Validated Reviewer
Review source: G2 invite
Incentivized Review
(Original )Information
What do you like best about LocalBitcoins?

Really like having the ability to buy and deal in bitcoins with users all across the globe as well as users who are in your local area. There are a lot of options for payment methods too so its pretty convenient for everyone to convert their assets into btc. Review collected by and hosted on G2.com.

What do you dislike about LocalBitcoins?

Nothing to dislike. Just one thing, wish the minimum offer amount was a bit lower but it's all good, no worries! Review collected by and hosted on G2.com.

What problems is LocalBitcoins solving and how is that benefiting you?

More often than not, we need make payments in bitcoins and this is the perfect solution for us to do that.. Review collected by and hosted on G2.com.

CH
Sales Attendant
Enterprise(> 1000 emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about LocalBitcoins?

LocalBitcoins is a platform that offers good security in the exchange of Bitocins, its commissions are low and there is always demand and supply so there will always be someone available to make a trade. I like it because its interface is simple and easy to understand from the beginning. Review collected by and hosted on G2.com.

What do you dislike about LocalBitcoins?

There are some established limits that you can only increase by checking your account, this tends to delay the exchange process if you need it urgently. Review collected by and hosted on G2.com.

Recommendations to others considering LocalBitcoins:

LocalBitcoins represents security and confidence when making a Bitcoin exchange so I recommend it. Review collected by and hosted on G2.com.

What problems is LocalBitcoins solving and how is that benefiting you?

Sometimes we run out of liquidity of some currencies and thanks to LocalBitcoins we can buy bitcoins solving this problem and at the same time we end up saving in commissions. Review collected by and hosted on G2.com.

Maria P.
MP
Cryptocurrency Trader
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about LocalBitcoins?

LocalBitcoins is not a common exchange but a platform that acts as an intermediary between buyers and sellers of BTC (P2P), supports multiple payment processors and currencies, in my case being able to use Paypal to buy BTC is very helpful, requires a "deposit guarantee" for more security against scammers. Review collected by and hosted on G2.com.

What do you dislike about LocalBitcoins?

So far I have no complaints about this platform, some users comment that there are many scammers in it but I have not come across any. Review collected by and hosted on G2.com.

Recommendations to others considering LocalBitcoins:

It is a different exchange where you can buy BTC easily and with several payment alternatives. Review collected by and hosted on G2.com.

What problems is LocalBitcoins solving and how is that benefiting you?

Localbitcoins allows me to buy BTC with Paypal and Western Union something very useful and almost not found, an excellent platform. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
UI
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about LocalBitcoins?

It is super easy to use for a first-timer. User interface is truly self-explanatory. It is very minimalisitic and simple, so anybody could easily understand it. Besides, it is considered to be one of the most private and anonymous ways to buy and sell Bitcoins. Review collected by and hosted on G2.com.

What do you dislike about LocalBitcoins?

I wish it was highly protected against all kinds of scammers. There is still a slight chance that you can get scammed somehow. The service is a little bit overpriced and has high fees comparing to others. But, basically, you are paying for your privacy and anonymity. So, it is up to you whether you want your deal to be private and pay extra or not. Review collected by and hosted on G2.com.

Recommendations to others considering LocalBitcoins:

If you need to buy/sell Bitcoins very fast and easily – LocalBitcoins is a right place for you.

Also, if you want to preserve your anonymity when trading Bitcoins, this is also a service you've been looking for. LocalBitcoins is a really legit and safe service, and, also, it is really cool that it allows you to buy Bitcoins with a various payment methods. Review collected by and hosted on G2.com.

What problems is LocalBitcoins solving and how is that benefiting you?

Besides working full-time, I also work as a freelance web designer and developer for the last several years. I get orders from clients from all over the world and some of them prefer to pay me in cryptocurrency from time to time. So, as a result I also get to use different kinds of cryptocurrency services like LocalBitcoins and wallets from time to time to get payments from clients and to exchange some Bitcoins and other cryptocurrency for fiat money later. For that matter I usually also try to make our deals anonymous and do not use my real name anywhere when using those crypto services. I usually go by my alias Bob23 whenever I need to accept cryptopayments or exchange accumulated cryptocurrency. Review collected by and hosted on G2.com.

Jessica S.
JS
User Tester
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about LocalBitcoins?

I really liked the thought and idea of easily selling bitcoin and cryptocurrency online, peer to peer and using multiple ways to pay the seller. It is a super simple business platform but it involves HIGH RISK because of the people who hold/invest//use cryptocurrency, bitcoin, altcoins, etc. Review collected by and hosted on G2.com.

What do you dislike about LocalBitcoins?

I ABSOLUTELY HATED THAT I WAS SCAMMED BY A BUYER (resulting in loss of bitcoin and payment), THEN Local Bitcoins WANTED TO TAKE 0% RESPONSIBILITY AND TELL ME THAT I SHOULD BEWARE WHO I DO BUSINESS WITH ON THEIR WEBSITE. I FELT VIOLATED, USED, AND LIKE THE FACT I LOST MONEY THROUGH THEIR WEBSITE AND SETUP WAS MY FAULT. I WAS NOT NEARLY INFORMED AND EDUCATED AT THE TIME OF THE TRANSACTION AND I WILL BE THE FIRST TO STATE, INSTEAD OF LETTING THEIR USERS GET RIPPED, SCAMMED, AND CHEATED LB SHOULD BE WILLING TO HELP AND EDUCATE THOSE WANTING TO LEARN ABOUT CRYPTO AND WHAT TO AVOID. Review collected by and hosted on G2.com.

Recommendations to others considering LocalBitcoins:

Safe yourself the risk and DON'T USE LocalBitcoins!! Review collected by and hosted on G2.com.

What problems is LocalBitcoins solving and how is that benefiting you?

Honestly, I haven't had any positive or anything even relatively good from LocalBitcoins. Yes, it would be super easy and convenient to buy, sell, and trade crypto/bitcoin online but the odds in it ever being a 100% legitimate business with no illegal activity or scamming (involved on someone or another end) isn't a realistic future unless buyers and sellers are closely monitored ALONG WITH the origin of the bitcoin/bitcoins. With that being stated, I haven't had even a glimpse in the direction of the slightest benefit. Review collected by and hosted on G2.com.

Barry B.
BB
Sales Marketing Manager
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about LocalBitcoins?

LocalBitcoins is a platform that intermediates as an escrow to buy and sell BTC, has an intuitive interface and easy to understand even the most beginner, offers a wide variety of payment processors, fast and secure transactions. Review collected by and hosted on G2.com.

What do you dislike about LocalBitcoins?

It is a platform that fulfills what it promises but 1% of each transaction seems to me to be very high. Review collected by and hosted on G2.com.

Recommendations to others considering LocalBitcoins:

It is very easy to use and if one is careful and uses well the platform will never encounter scammers. Review collected by and hosted on G2.com.

What problems is LocalBitcoins solving and how is that benefiting you?

I use it when I need to buy BTC with Western Union sometimes I have real money and LocalBitcoins makes it easy for me to buy. Review collected by and hosted on G2.com.