LocalBitcoins has given me the chance to meet people from all over the world and trade my local currency for Bitcoin. Like other alternatives to LocalBitcoins, it’s a website where people, like me, can post ads that list our preferred ways to pay and the best exchange rates for buying and selling Bitcoins. Using cryptocurrency to make transactions has been easy and smooth for me, giving me flexibility and convenience.
When you respond to these ads, a trading chat is opened and Escrow protection is automatically activated. Escrow protects both buyer and seller by keeping the Bitcoins safe until payment is made and the seller releases the Bitcoins to the buyer. LocalBitcoins also provides a web wallet through which you can send and receive bitcoin transactions.
LocalBitcoins is not the only option for cryptocurrency exchanges. Explore other competing options and alternatives. Other important factors to consider when looking for alternatives to LocalBitcoins are security. We have compiled a list of solutions that reviewers have rated as the best alternatives.
LocalBitcoins.com is described as a “person-to-person bitcoin trading site” and is a cryptocurrency exchange in the bitcoin & cryptocurrency category. There are 11 alternatives to LocalBitcoins, not only websites but also apps for a variety of platforms, including iPhone, Android, Mac and Windows. The best alternative is Coinbase, which is free. Other great websites and apps similar to LocalBitcoins.com include Bisq, Kraken, LocalMonero, and Binance. Below we mentioned the best localbitcoins alternatives.
Here is the best Localbitcoins Alternatives
Binance
Binance is a digital asset exchange where you can buy, sell or store any digital asset – Bitcoin, Ethereum, Litecoin or Bitcoin Cash. Binance is not only a place to trade, but also an ecosystem where users can share their knowledge and experience of digital assets and blockchain technology.
Binance offers an advanced user experience for crypto traders that focuses on liquidity, security, and ease of use. The exchange can be accessed via desktop applications and Binance mobile apps for iOS and Android. Changpeng “CZ” Zhanfei founded the exchange in July 2014 after launching Bancor, an Ethereum-based smart contract platform.
Binance allows you to trade between various cryptocurrencies (including Bitcoin, Ethereum, and Litecoin), as well as other coins like Iota, Monero, Qtum, and many others. You can also buy and sell these coins with Bitcoin. Binance is not only a place to trade, but also an ecosystem where users can share their knowledge and experience regarding digital assets and blockchain technology.
Bitvavo
Bitvavo makes digital assets accessible by offering transparent fees, a wide range of assets, and easy access to them. It also offers an easy-to-use platform. Bitvavo combines the best of both worlds, offering the ease of use of a broker platform and low fees associated with digital asset exchanges.
Trade over 175+ digital assets with a trading fee as low as 0.25 percent. Tomorrow’s currency is easily accessible to all traders thanks to an intuitive user interface that can be used by beginners. You can transfer euros from your bank account to Bitvavo using (instant) SEPA transfer and 6+ online payment platforms. Trade over 175 cryptocurrencies. Accounts are completely free of charge. You can sell, buy, send and receive digital assets at low fees.
Trade with API (for multi-exchange interfaces), trading bots (automated traders) or extensive TA trading. You can use your Bitvavo wallet on any device, mobile, tablet or desktop. Buy Bitcoin, Ethereum Cardano Ripple Chainlink, Tether Terra, Solana Cronos, Avalanche Tron, Terra, Solana Cronos, Terra, Solana, Ripple, Chainlink and Tether.
Paxful
Paxful is a reliable alternative to LocalBitcoins and supports users from all over the world trading on the platform. It was launched in the US in 2015, and what might be surprising is that this P2P exchange service is actually much bigger than LocalBitcoins. It is also much more extensive in terms of payment options compared to LCB. Currently, there are more than 300 payment options that you can use to buy/sell BTC.
There is a 0.5% fee for exchanging cryptocurrencies, but there are no fees for buying cryptocurrencies. However, there is an exchange fee set by the client offering BTC purchases. Wire transfer fees only apply when selling cryptocurrencies, and the exact amount depends on the payment method you use. Bank transfers are set at 0.5%, while alternative methods (debit cards, digital currencies, etc.) are set at 1%. The biggest drawback of Paxful is that it also integrates a mandatory KYC verification. Without it, users will not be able to make deposits or withdrawals.
Pionex
The first localbitcoins alternative on our list is Pionex. It is a cryptocurrency exchange platform that specializes in automated trading. The platform is relatively new in the industry, but that doesn’t necessarily mean it’s not good enough. Thanks to its user-friendly features and commitment, it has quickly made a name for itself in the industry. With a daily volume of more than $30 million, Pionex is now one of the leading exchange platforms on the Internet.
What sets Pionex apart from the rest are its built-in bots. Unlike most other platforms where you have to go through the hassle of connecting to a bot, this trading platform has 16 bots that have all been assigned different roles. This makes the trading process seamless and secure. In fact, Pionex was the platform that kicked off the bot system in trading. For those just getting started with crypto, Pionex is just about everything. It is by far the cheapest localbitcoins alternative on the market.
The fees on this platform are very low, so you won’t have to spend a terrible amount of money only to find out that the bots aren’t as efficient as you expected. The trading fee of 0.05 is also quite affordable. The company has maximized innovation and minimized costs. A total win-win situation for you. Another reason to love Pionex is that the company has kept things pretty intuitive. Although it doesn’t operate on the same model as LocalBitcoins, things are pretty simple with Pionex.
Cryptopay
Cryptopay offers easy access to the world of cryptocurrencies and allows users to enjoy all the benefits of a secure wallet. Buy BTC, ETH, LTC and XRP with your debit or credit card and enjoy fair prices and low fees. The Cryptopay card combines bitcoin with traditional finance.
It’s perfect for anyone involved in cryptocurrencies and works with any point-of-sale terminal in the world that accepts major cards! Bring cryptocurrencies into your daily life. Keep bitcoins safe in your Cryptopay account. Our system makes it easy for you to convert your cryptocurrencies to the supported fiat currencies: Euros, British Pounds, and US Dollars.
This way, you can hedge your money against exchange rate fluctuations. With our card, you can pay around the globe in your local currency. Each cryptocurrency network has its own transaction fee. We charge 1% for currency exchange. That’s it – no hidden fees or unfair costs. Take advantage of our instant conversion and keep your money flowing.
Bisq
Bisq is an open source peer-to-peer application that allows you to buy and sell cryptocurrencies in exchange for national currencies. No registration required. Bisq is one of the oldest decentralized peer-to-peer exchanges for bitcoin. Since its inception, Bisq has evolved and has always facilitated fiat-to-bitcoin and bitcoin-to-fiat transactions in a decentralized manner.
There are no KYC requirements and there is no CEO. Bisq operates on a DAO model and intends to be Bitcoin free and open source until eternity. So if you’re from a country where you can’t buy bitcoin with your currency, you can take a look at Bisq to see if it will work for you, and I’m sure it will.
Coinbase Exchange
The efficiency of this money exchange platform lies in the quick and easy buying, selling and trading of digitized money. It makes buying bitcoin as easy as buying a stock through an online store.
Even with basic computer skills, you can make an exchange here. If you have ever exchanged stocks through an online financier, you might have a pretty similar experience. However, it’s important to consider the cost and inconsistent customer support.
KuCoin
KuCoin is a cryptocurrency exchange for many digital assets and cryptocurrencies that was founded by Johnny Lyu in September 2017. Since then, it has grown to more than 8 million users worldwide. KuCoin has several advantages, including low trading fees, a wide range of coins, and a strong user base.
With the lowest trading fee on the market, you don’t have to pay monthly account fees. Moreover, KuCoin maintains a wide selection of cryptocurrencies, including the new ones, so you can get in early. In the same way, you can trade often as its additional liquidity due to user volume and you can find an active local community with its services.
It offers localized services with multilingual customer service. Earning interest on your cryptocurrencies is easy on this platform. You can earn some sort of stock dividend by placing bets, or you can put your cryptocurrency into a loan to earn interest as a reward. Anyone can trade on this platform, even with just an email address, as long as it is available in your country.
Bybit
Bybit, a cryptocurrency derivatives platform, was founded in 2018. It supports both linear and inverse perpetual contracts. Bybit is registered in the BVI and its users come from all sectors of the market, from professional traders to retail customers. Ben Zhou, the founder of Bybit, is also the CEO.
He previously worked at XM, one of the largest Forex and CFD trading brokers in the world. The company is composed of professionals from investment banks, tech companies, the forex industry, early adopters of blockchain and tech firms. The development team includes talent from Morgan Stanley, Baidu, and Tencent.
Our core values define us. We listen, care, improve and share our core values to create a fairer, faster and more human trading environment. Bybit is one of the most trusted, reliable and transparent cryptocurrency derivatives platforms. We are committed to creating a fair, transparent and efficient trading environment. Our service includes multilingual support 24 hours a day.
HodlHodl
HodlHodl is a P2P trading platform founded in 2018 by two fintech and software development experts. The most unique feature of HodlHodl is that it offers escrow through multisig addresses, which means there is no manual escrow service. You can connect to anyone in the world to trade BTC at any time, and there is no mandatory KYC verification. All you need is a valid email address to sign up on the platform.
HodlHodl probably has the largest selection of payment options compared to other P2P platforms. However, it is the sellers who decide whether they accept a certain payment method or not. Some of the payment methods offered are SWIFT, SEPA, regular bank transfers, credit cards, PayPal, Venmo, Western Union and many more. As for the fees, the trading fees vary from 0.5% to 0.6% (depending on the referral and verification status of the users).
Those who signed up via a referral code receive a rate of 0.55%, and verified users receive a rate of 0.5% trading fees. This fee is split between buyers and sellers, and in situations where the two have different rates, the lower one is applied. The minimum amount of BTC you can buy or sell is 0.001 BTC. Considering the various payment options and fairly low fees, HodlHodl is a good substitute for those who want to switch LocalBitcoins.
eToro
The next website like localbitcoins on our list is eToro. This platform was founded in 2007 and is considered one of the pioneers in the industry. With over 25 million satisfied users worldwide, eToro is certainly one of the leading exchange platforms in the world. With many user-friendly features, there is no denying the fact that eToro offers a comprehensive crypto trading experience. There are many reasons why eToro is on our list, but the one that stands out the most is that it has been carefully designed for newbies. It is without a doubt the best localbitcoins alternative to learn crypto trading.
It’s no secret that the best way to master crypto trading is to learn from those who have mastered it. At eToro, that’s exactly what you get! Successful traders at eToro can share their trading strategies and tips to help beginners learn how to trade. Of course, eToro does not share strategies without the traders’ consent.
It offers great benefits to those who share their strategies. This gives beginners a deeper insight into the business and they can analyze the strategies of others and learn from their mistakes. However, it should be noted that copying others does not guarantee your own success.
Final Words
We have compiled a list of the best CryptoCurrency Exchange apps & software with similar features and functionality as LocalBitcoins. There are a lot of alternatives to LocalBitcoins that could perfectly fit your business needs. Compare LocalBitcoins competitors in one click and make the right choice!
