LocalBitcoins Review 2021

LocalBitcoins is a P2P Bitcoin trading platform with a range of KYC verification tiers and several client safety features in place

LocalBitcoins is broker that gives traders access to Cryptocurrency. Surprisingly, LocalBitcoins does not support either of the enormously popular MetaTrader platforms (4 and 5).

LocalBitcoins also gives traders access to 1 cryptocurrencies: BTC.

Please note that LocalBitcoins is an unregulated broker. With no regulatory oversight a broker can offer higher leverage and other features that regulated brokers can not, but it also means that traders need to be more careful. Don't deposit large sums before you feel confident that the operator is trustworthy.

LocalBitcoins Summary

LocalBitcoins is a P2P Bitcoin trading platform with a range of KYC verification tiers and several client safety features in place

Ratings

20%
Trust
16%
Instruments
0%
Features
BonusNone
InstrumentsCrypto
Demo Account
Min. Deposit0.0005 BTC
Min. TradeNo
Regulated By
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

Cryptocurrency Trading

LocalBitcoins offers peer-to-peer trading of Bitcoin between users from across the world.

SpreadN/A
CoinsBTC
Risk Warning – Your capital is at risk

FAQ

Is LocalBitcoins Safe?

In our review we gave LocalBitcoins a low trust score of 20%, which means that traders should try things out before they deposit any larger amounts. What impacted the trust score the most is the fact that LocalBitcoins is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does LocalBitcoins Accept PayPal?

No, LocalBitcoins does not accept PayPal payments.

Is LocalBitcoins Halal?

Probably not, as LocalBitcoins does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.

Is LocalBitcoins Regulated?

No, unfortunately LocalBitcoins is not regulated to our knowledge. Careful traders might want to check out our list of FCA regulated brokers for options.

LocalBitcoins vs Other Brokers

If you want to compare LocalBitcoins with other brokers, use the detailed comparisons below.

LocalBitcoins vs
LocalBitcoins is a P2P Bitcoin trading platform with a range of KYC verification tiers and several client safety features in place