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LocalBitcoins
N/A
Founded in
2012 (14 Years)
Founded
Last online: No recent activity
TrustRanking
#18of Crypto
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Ranked among the top 50 companies based on TrustScore.
OVERALL SCORE
Licenses
10/40
Reviews
43/60
229 reviews
Provided by TrustFinance
OVERALL SCORE
Licenses
10/40
Reviews
43/60
229 reviews
Provided by TrustFinance
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Security Information
What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know LocalBitcoins
Company Information
Get to know LocalBitcoins
Founded in 2012 in Helsinki, Finland, by Jeremias Kangas, LocalBitcoins was a pioneering peer-to-peer (P2P) Bitcoin trading platform. Its mission was to "bring Bitcoin everywhere" by allowing users worldwide to trade Bitcoin directly with each other using a vast array of local payment methods. The platform provided security for traders through an escrow service and a reputation system. After more than ten years of operation and serving millions of customers, the company announced in February 2023 that it would be discontinuing its service, citing a challenging market environment during the "crypto winter."
Industry
- Crypto ExchangePRIMARY
- Crypto Cryptocurrency
- Financial Other Service
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Reviews
Highlight Review
Review Analytic
Manada Bakori
Direct
Excellent
Overall Thought
LocalBitcoins has truly impressed me with its seamless and secure platform for peer-to-peer cryptocurrency trading. As an avid crypto enthusiast, I have had my fair share of experiences with various trading platforms, but LocalBitcoins stands out for several reasons.First and foremost, the user interface is remarkably intuitive.
Aug 31, 2023
Abubakar Abdul
Direct
Excellent
Overall Thought
LocalBitcoins has been an incredible platform for my crypto journey. Its user-friendly interface and wide range of payment options made buying and selling Bitcoin a breeze. I was particularly impressed by the security measures in place, ensuring safe transactions and protecting my funds. The peer-to-peer nature of the platform fostered a sense of trust, allowing me to connect with local sellers and buyers. Thanks to LocalBitcoins, I've had a seamless and rewarding experience in the world of cryptocurrency.
Aug 31, 2023
A
leregavi
Direct
Excellent
Overall Thought
LocalBitcoins is a secure and reliable peer-to-peer marketplace for buying and selling bitcoins. With a wide range of payment options, escrow service, and user ratings, it provides a seamless and trustworthy experience for trading cryptocurrencies locally.
Aug 28, 2023
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