Local Bitcoins is a peer-to-peer bitcoin trading site. It empowers their users to create advertisements where they can choose the payment method and exchange rate for buying and selling bitcoin to and from other users.

Bitcoins are sold if a potential buyer clicks on the advertisement made by another, a chat window pops up and their transaction can begin. This unique business model is what sets apart Local Bitcoins from all the other exchange platforms and so is worthy of consideration to those who are looking for an alternative.

Why choose Local Bitcoins?

Local Bitcoins is unique in the sense that their unique business proposition is what can be called a true peer-to-peer transaction or, as they like to call it, person to person. So instead of facing a UI as is common in other stock-trading-like platforms, their users chat directly to other users within their locality to settle upon an agreed price for their bitcoin. With that said, Local Bitcoins only trade in bitcoin, hence the name. 

Pricing and Fees

Registering, buying, and selling Bitcoin is completely free. Local Bitcoins users who create advertisements are charged a 1% fee for every completed trade.

Reviews

Local Bitcoins have been operating since 2012 and have been a go-to platform for people who can't find their requested payment method anywhere else. Being able to know and speak directly to the person selling you the bitcoin can be an advantage but it can also mean that the prices are higher than your average cryptocurrency platform.