Overview
LocalBitcoins is an established peer-to-peer marketplace, launched in 2012. Connect directly with others looking to buy or sell Bitcoin, through the website's classified ads. Buy or sell with peace of mind, as every transaction is protected through its escrow service. Once you've bought, you can store your Bitcoins securely in your LocalBitcoins wallet.
- Pros
- No bank account is needed.
- Accepts over 30 payment methods, including PayPal.
- Free escrow account protects you from dishonest sellers.
- Free crypto wallet, with most Bitcoins stored securely offline.
- Cons
- You can only buy or sell Bitcoin.
- You cannot lend or invest your Bitcoins.
- Buying options
- Fiat currencies: USD and 149 others
- Payment methods: 34
P2P Fees
Fees
It's possible to buy or sell cryptocurrency without commission on LocalBitcoins.
On LocalBitcoins, both buyers and sellers of cryptocurrency can create advertisements. You'll pay nothing when you reply to an ad, and just 1% of the transaction's value when you create an ad. The fee only applies when the transaction completes.
P2P Fees
| Buyer fees | 0% if you reply to a seller's ad, and 1% if you create an ad. |
|---|---|
| Seller fees | 0% if you reply to a buyer's ad, and 1% if you create an ad. |