LocalCryptos Review 2021

LocalCryptos is a P2P crypto exchange with five major tokens, an intuitive online marketplace and a range of safety features.

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

LocalCryptos also gives traders access to 5 cryptocurrencies: BTC, ETH, LTC, DASH and BCH.

Please note that LocalCryptos 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.

LocalCryptos Summary

LocalCryptos is a P2P crypto exchange with five major tokens, an intuitive online marketplace and a range of safety features.

Ratings

20%
Trust
16%
Instruments
0%
Features
BonusNone
InstrumentsCrypto
Demo Account
Min. Deposit$1
Min. Trade$1
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

LocalCryptos supports peer-to-peer trading of digital currencies through its online exchange platform.

SpreadN/A
CoinsBTC, ETH, LTC, DASH, BCH

Payment Methods

LocalCryptos accepts the following payment methods:

  • Wire Transfer
  • ADVcash
  • WeChat Pay
  • Alipay
  • Western Union
  • MoneyGram
  • PayPal
  • Skrill
  • Venmo
  • QIWI
  • Webmoney
Risk Warning – Your capital is at risk

FAQ

Is LocalCryptos Safe?

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

Does LocalCryptos Accept PayPal?

Yes, LocalCryptos does accept PayPal payments.

Is LocalCryptos Halal?

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

Is LocalCryptos Regulated?

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

LocalCryptos vs Other Brokers

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

LocalCryptos vs
LocalCryptos is a P2P crypto exchange with five major tokens, an intuitive online marketplace and a range of safety features.