LocalCoinSwap Review 2021

LocalCoinSwap is a P2P cryptocurrency exchange supporting anonymous, low fee crypto trading.

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

Cryptocurrency traders have a very decent number of coins to trade at LocalCoinSwap, 10 in fact: BTC, ETH, USDT, KSM, DOT, DASH, USDC, DAI, PAX and LCS.

Please note that LocalCoinSwap 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.

LocalCoinSwap Summary

LocalCoinSwap is a P2P cryptocurrency exchange supporting anonymous, low fee crypto trading.

Ratings

20%
Trust
16%
Instruments
0%
Features
BonusNone
InstrumentsCrypto
Demo Account
Min. Deposit$0
Min. Trade$0
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

Cryptocurrency trading on LocalCoinSwap can be carried out on 10 different cryptos completely anonymously.

SpreadN/A
CoinsBTC, ETH, USDT, KSM, DOT, DASH, USDC, DAI, PAX, LCS

Payment Methods

LocalCoinSwap accepts the following payment methods:

  • Wire Transfer
  • Bitcoin Payments
  • PayPal
Risk Warning – Your capital is at risk

FAQ

Is LocalCoinSwap Safe?

In our review we gave LocalCoinSwap 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 LocalCoinSwap is not regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does LocalCoinSwap Accept PayPal?

Yes, LocalCoinSwap does accept PayPal payments.

Is LocalCoinSwap Halal?

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

Is LocalCoinSwap Regulated?

No, unfortunately LocalCoinSwap is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives.

LocalCoinSwap vs Other Brokers

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

LocalCoinSwap vs
LocalCoinSwap is a P2P cryptocurrency exchange supporting anonymous, low fee crypto trading.