10 Best LocalBitcoins Alternatives 2022

If you are looking for the best LocalBitcoins alternatives and LocalBitcoins competitors you have come to the right place.

The best LocalBitcoins alternatives for buying and selling crpytocurrencies are eToro Cryptocurrency, eToroX, KuCoin, Coinmama, Crypto.com, Gate.io, Huobi, Kraken, and Coinbase.

When looking for a LocalBitcoins alternative you will need to understand the cryptocurrency markets are always changing. You should only buy and sell cryptocurrency on a LocalBitcoins alternative crypto exchange or LocalBitcoins alternative cryptocurrency trading platform that has a good reputation, is well regulated and you know they will be around for a long time.

Cryptocurrency trading has grown and is more welcoming and accessible to newcomers crypto traders. Whatever LocalBitcoins alternative you choose, It's crucial to realise that buying and selling cryptocurrency is still a volatile financial market, whether you use LocalBitcoins or any alternative crpytocurrency trading platform.

Cryptocurrencies are unregulated and essentially untraceable, which means you might lose a lot of money rapidly if the market takes a turn for the worse.

There are hundreds of LocalBitcoins alternative platforms across the globe that are now competing to give users access to a number of digital currencies, and with so many of them offering alternative features it can be difficult to know where to find and use the best cryptocurrency exchanges and apps that are out there.

LocalBitcoins is an online marketplace for buying, selling, storing, and transferring cryptocurrencies. Its goal is to allow users convert digital currency to and from their local fiat currency, facilitating an open financial system.

If LocalBitcoins does not have what you are looking for, or you what to see what else it out here when buying and selling cryptocurrency, this LocalBitcoins alternatives will help you in finding a good LocalBitcoins alternative.

What Could LocalBitcoins Could Improve?

  • LocalBitcoins does not offer PayPal as a payment method
  • LocalBitcoins does not offer Neteller as a payment method
  • LocalBitcoins does not offer Skrill as a payment method
  • LocalBitcoins charges withdrawal fees.
  • LocalBitcoins has deposit fees.
  • LocalBitcoins offers less than 10 cryptocurrencies.
  • LocalBitcoins does not offer Livechat support.
  • LocalBitcoins does not offer phone support.

LocalBitcoins Review

LocalBitcoins Alternatives
10 LocalBitcoins Alternatives

  1. Visit LocalBitcoins alternative eToro Cryptocurrency

    Used By: 23,200,000
    Cryptocurrencies Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM
    Number Of crypto Available: 27
    Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    LiveChat: yes
    Withdrawal Fees: US$5 (minimum withdrawal of US$50)
    Year Founded: 2007
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  2. Visit LocalBitcoins alternative eToroX

    Used By: 13,000,000
    Cryptocurrencies Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM
    Number Of crypto Available: 27
    Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    LiveChat: yes
    Withdrawal Fees: Fees vary
    Year Founded:
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  3. Visit LocalBitcoins alternative KuCoin

    Used By: 8,000,000
    Cryptocurrencies Available: BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, TRX, NEO
    Number Of crypto Available: 434
    Deposit Methods: Cryptocurrency

    LiveChat: no
    Withdrawal Fees: Fees vary
    Year Founded: 2017
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  4. Visit LocalBitcoins alternative Coinmama

    Used By: 2,300,000
    Cryptocurrencies Available: BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP, XTZ, EOS
    Number Of crypto Available: 10
    Deposit Methods: Bank transfer (ACH)

    LiveChat: yes
    Withdrawal Fees: Fees vary
    Year Founded: 2013
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  5. Visit LocalBitcoins alternative Crypto.com

    Used By: 10,000,000
    Cryptocurrencies Available: BTC, ETH, USDT, XRP, ATOM, XTZ, XLM, LINK, CRO, BCH
    Number Of crypto Available: 153
    Deposit Methods: Credit card

    LiveChat: yes
    Withdrawal Fees: Cryptocurrency: Fees vary
    Year Founded: 2016
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  6. Visit LocalBitcoins alternative Gate.io

    Used By: 4,000,000
    Cryptocurrencies Available: BTC, ETH, ETC, XTZ, CLV, EOS, OMG, BNB, LTC, UNI
    Number Of crypto Available: 820
    Deposit Methods: Cryptocurrency

    LiveChat: yes
    Withdrawal Fees: Fees vary
    Year Founded: 2013
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  7. Visit LocalBitcoins alternative Huobi

    Used By: 10,000,000
    Cryptocurrencies Available: BTC, BCH, ETH, XRP, LTC, BTG, DASH, ETC, EOS, QTUM
    Number Of crypto Available: 320
    Deposit Methods: Cryptocurrency

    LiveChat: yes
    Withdrawal Fees: None
    Year Founded: 2013
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  8. Visit LocalBitcoins alternative Kraken

    Used By: 6,000,000
    Cryptocurrencies Available: BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, BAT, ETC
    Number Of crypto Available: 81
    Deposit Methods: Bank transfer

    LiveChat: yes
    Withdrawal Fees: Fees vary
    Year Founded: 2011
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  9. Visit LocalBitcoins alternative Coinbase

    Used By: 73,000,000
    Cryptocurrencies Available: ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC
    Number Of crypto Available: 73
    Deposit Methods: Bank transfer (ACH)

    LiveChat: yes
    Withdrawal Fees: Instant Card Withdrawal: Up to 2% of the transaction plus a minimum of 0.45
    Year Founded: 2012
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

LocalBitcoins Alternatives
Why Use A LocalBitcoins Alternative?

In the modern day one has the possibility to start trading or investing in cryptocurrencies at the click of a button. It is therefore useful to find an alternative to LocalBitcoins if it does not give you what you are looking for, as you may find that the alternative exchange utilises the right process for your trading needs. Following the right process begins by selecting the best cryptocurrency exchange for you to use. Crypto exchanges act as a gateway to the cryptocurrency market, hence why choosing the right one for you is so important.

LocalBitcoins Alternatives
What To Look For In A LocalBitcoins Alternative

When deciding on a cryptocurrency exchange or trading platform that is a good alternative to LocalBitcoins, there are various variables to think about. Issues you may wish to consider before choosing an exchange to use to trade cryptocurrencies include its security, liquidity, activity and inactivity fees, as well as over user experience and interface accessibility. Finding the best cryptocurrency exchange for your personal needs and trading style can take time and effort, but it is always worth it in the end.

It is also important that one distinguishes between crypto-to-fiat exchanges and crypto-to-crypto exchanges, as crypto-to-crypto exchanges list just cryptocurrency pairs, whereas fiat-to-crypto exchanges allow one to buy and sell cryptocurrencies with the dollar, pounds, euro, yen, and several other currencies.

LocalBitcoins Alternatives
LocalBitcoins Fees Alternatives

Cryptocurrency exchange fees are an integral part of any successful trading plan for today's investors. Exorbitant fees can eat into each trade's earnings. LocalBitcoins charges and fees are listed below next to the fees of the best LocalBitcoins alternatives. Additional cryptocurrency trading fees can get quite high so its always best to look around to see if you can get a better deal with a LocalBitcoins alternative. Trading fees across the industry both standardise and drop across the board depending on whether industry competition increases or decreases. As of right now, one will be able to find a wide variety of fees across the multiple available platforms. On the most robust and secure exchanges, a users is likely to encounter a trading fee and potentially extra commission costs. Understanding the fee structure of your LocalBitcoins alternative exchange is a critical thing to do before using the platform, as it allows one to understand everything that goes on when conducting trading activities. Ensure that you select a platform that does not possess secret and hidden transaction fees. In addition to this, check the withdrawal fees on your LocalBitcoins alternative's platform. Some exchanges demand unreasonably high withdrawal fees for specific cryptocurrencies. Make sure to also take a look at the deposit fees, as although several exchanges offer convenient ways to buy their cryptocurrencies (perhaps with a debit or credit card), they also attract a 5% or higher fee.

LocalBitcoins Alternatives
LocalBitcoins Supported Cryptocurrency Alternatives

LocalBitcoins may not offer specific crpytocurrencies you wish to buy or sell. Or maybe on certain cryptocurrencies you are able to get a better deal with a LocalBitcoins alternative.

LocalBitcoins Alternatives
LocalBitcoins Products And Leverage

LocalBitcoins alternatives may offer leverage trading. This type of leverage allows traders to borrow a certain amount of money for trading based on the amount of funds they already have held within the exchange. Leverage will be important for those traders who are looking to enter short-term positions with a larger deposit size. There are a number of LocalBitcoins alternative exchanges that offer anywhere between 1 to 100 times the amount of leverage, although varying platforms may have different rules regarding liquidation levels and margin calls.

LocalBitcoins Alternatives
LocalBitcoins Alternatives Liquidity

Be aware when choosing a LocalBitcoins alternative that the higher the trading volume one puts in, the more liquid the exchange will need to be. Higher liquidity makes it easier to complete transactions in a shorter amount of time, more easily, and without significant price volatility. Look at whether your LocalBitcoins alternative offers "locked-in" pricing, guaranteeing you a price at the time of transaction even if it does not settle to that level immediately. Do also be aware that liquidity can vary across different trading pairs.

LocalBitcoins Alternatives
LocalBitcoins Alternative That Supports NFTs

If you do want to look into purchasing NFTs, make sure your LocalBitcoins alternative supports such transactions; They are able to be bought on a variety of platforms depending on what you wish to buy. The platform you use will need to provide you with a wallet specific to the platform you are buying from, and one first needs to be able to fill said wallet with cryptocurrency.

LocalBitcoins Alternatives
LocalBitcoins Educational Resources Alternatives

You won't get much use out of a crypto trading platfrom if you do not understand how it works. Before you join up for an exchange, be sure you understand all of the tools and functions it offers.

LocalBitcoins Alternatives
LocalBitcoins Alternatives And With Better Security

Due to a lack of government regulation and frequent use on the black-market, crypto can seem sketchy to some. Make sure your LocalBitcoins alternative realises this and ensure that it is taking the correct precautions to keep your personal and financial information safe in order to protect your monetary holdings from theft. Key features to look out for on your LocalBitcoins alternative are two-factor authentication (2FA), cold storage (offline storage to protect against theft and hacking), and encryption.

LocalBitcoins Alternatives
LocalBitcoins Alternatives with Better Reputations

Traders have lost billions to scam platforms when trading cryptocurrency, so it is vital to ensure that one checks the reputation of their LocalBitcoins alternative and the various security protocols they have implemented to secure its users funds. The reputation of your LocalBitcoins alternative can also be identified by looking at whether it reveals who its owners are, the members of its team, and a headquarters address. Transparent and reputable LocalBitcoins alternative may publish their cold storage address, or even allow you to check their reserves in other ways, such as through audit information. Further research can be done on your LocalBitcoins alternative, such as searching on Google alongside the term “scam” to evaluate the results and any major new stories about the platform. Searching for the LocalBitcoins alternative on social media can also be a helpful tactic; see if any complaints have been posted recently. Analysing its terms and conditions can also be useful, noting anything that is alarming or out of place.

LocalBitcoins Alternatives
LocalBitcoins Alternative Exchange Rates

As a traders or investors you may wish some point to be able to use a fiat compatible exchange, allowing you to transfer between national currencies (such as USD, CAD, EUR, GBP, etc.) in the crypto world. This type of exchange when used during trading can help cash out profits. Some exchanges have different fiat options and exchange rates, compatible with specific banks. Checking to see which bank you LocalBitcoins alternative works with, as well as what types of fiat currencies and exchange rates they offer.

LocalBitcoins Alternatives
LocalBitcoins Alternative Commissions

On some LocalBitcoins alternative exchanges you might face trading fees or extra commission costs. Among these, Binance is known for its competitively low fee. Some exchanges, like Voyager, offer commission-free trades. Platforms can, in addition, charge a fee for deposits and withdrawals. Cryptocurrency exchanges can calculate commission fees a number of ways, including as a flat fee per trade or as a percentage of 30-day trading volume within an account. With cases such as these, check whether your LocalBitcoins alternative has adopted a tiered structure that takes commission based on the amount that one is trading. Each crypto exchange is different, so each transaction is processed differently on the token's blockchain. Be sure to check how your LocalBitcoins alternative navigates such a commission system.

LocalBitcoins Alternatives
LocalBitcoins Alternatives Payment Methods

Purchasing cryptos and they ways in which one can do so varies between platforms. Look at whether the LocalBitcoins alternative you want to use supports deposits by bank transfer, PayPal, or accepts credit and debit cards, or whether it only allows cryptocurrency for purchases. Make sure you study the payment options available on the LocalBitcoins alternative and choose one that suits your personal needs. For a beginner, it will be crucial to choose a platform that accepts fiat currency as it will let you enter the market with lower amounts of stress and worry.

LocalBitcoins Alternatives
LocalBitcoins Alternatives Deposit And Withdrawal Limits

Even if holding onto your assets when trading, you are likely to still want to make withdrawals at some point in time. It is therefore important to know that, although most exchanges do not require a minimum deposit, your LocalBitcoins alternative may put limits on how much money you can withdraw or deposit within a certain amount of time. Those interested in moving a large amount of money at any moment might want to consider the limits that their LocalBitcoins alternative may impose on them such as the above.

LocalBitcoins Alternatives
LocalBitcoins Alternatives That Are Easy To Use

Ease of use is also something you should consider when choosing a LocalBitcoins alternative. Is the user interface simple and easy to use on either a mobile or desktop app? What do other users say on online forums about the advantages and disadvantages of the LocalBitcoins alternative's platform and accessibility? What support does it offer? Also, if you care about user anonymity, you will want to check that the LocalBitcoins alternative you are using does not requires you to reveal much about your identity. This set of criteria can be very important to one's success as a cryptocurrency trader. A LocalBitcoins alternative with an intuitive interface and positive user experience will make it easier for you to trade any cryptocurrencies which are available. Having said this, you must remember that user experience is always subjective and that different people will benefit from different types of interface. In addition to all this, be sure to check the customer service features and other customer-related functionalities offered by the LocalBitcoins alternative as this will also affect your experience of using the platform.

LocalBitcoins Alternatives
LocalBitcoins Alternative IOS and Google Store Mobile Apps

Check to see if your LocalBitcoins alternative offers a user-friendly and solidly created investment mobile app. This may, in the long run, help you manage your crypto account and select trades on the go without navigating a messy website.

LocalBitcoins Alternatives
LocalBitcoins Wallet Alternatives

Not all exchanges come with a wallet to house a trader's crypto holdings. Being able to manage your own wallet and trading strategies in one united platform is a much more convenient way of trading and will help you be successful. On the other hand, if you plan to hold a large amount of crypto, you may wish for your LocalBitcoins alternative to offer an external cold wallet for added security. Look at if the LocalBitcoins alternative offers "cold storage” which is where funds are kept in a crypto wallet that stays offline where hackers are unable to access them. You can even check for a multi-signature wallet with is where the LocalBitcoins alternative will require multiple forms of verification, or signatures, to be accessed. Users would here have to use two varying email addresses in order to open a multi-sig wallet.

LocalBitcoins Alternatives
LocalBitcoins Alternatives Cryptocurrency Regulation

Whatever LocalBitcoins you decide upon you must make sure they fall under some kind of financial regulation. Different exchanges will comply with a different set of laws and regulations based on their locations, offerings, and exchange practices. Look at if your LocalBitcoins alternative implements a Know Your Customer (KYC) or Anti-Money Laundering (AML) practice. These require users to submit personal information about themselves upon creating an account. Such practices and regulations can differ from exchange to exchange, so look at whether the LocalBitcoins alternative you are using require KYC and AML to withdraw funds or lift certain limitations. It may require you to provide photo identification or a proof or residence. Several crypto exchanges also ban customers residing in certain countries in order to regulate their services.

While cryptocurrency trading is not directly regulated in the United Kingdom, providing services such as cryptocurrency derivatives trading does require authorization. It must also protect and maintain all records relating to UK consumers, as well as notify the Financial Conduct Authority (FCA).

The Financial Conduct Authority (FCA) has put in place some measures to limit and eliminate money laundering concerns associated with trading on UK crypto exchanges. Businesses detecting and evaluating risks connected to AML and CFT, as well as adopting policies and controls to minimise these risks, are at the heart of FCA requirements. Businesses should implement KYC and CDD procedures to identify and assess these risks. The FCA inspects crypto firms on a regular basis to ensure that KYC laws are followed.

Currently, the CFTC, SEC, and IRS govern cryptocurrencies in the United States, making it impossible to set overarching regulatory norms. In a nutshell, the answer is yes– Bitcoin can be regulated. In fact, it has already begun to be regulated, with fiat onramps and severe KYC and AML legislation.

LocalBitcoins Alternatives
LocalBitcoins Alternatives Insurance

It is recommended that one use a LocalBitcoins alternative exchange from the same country that you reside in, as this will make it easier to comply with any governmental regulatory changes. You can use exchanges from other countries, but check that your LocalBitcoins alternative supports the country you are in, as some only support a limited number of countries. Take a look at whether your LocalBitcoins alternative insures its users' funds. This is because, in case they lose your funds, you may be able to be reimbursed. Users of a LocalBitcoins alternative should also note whether or not the exchange has an insurance fund. Certain platforms put funds in place to compensate customers under extraneous circumstances, whereas others are covered under the Federal Deposit Insurance Corporation (FDIC), protecting a specified amount of U.S. traders' funds.

LocalBitcoins Alternatives
LocalBitcoins Alternatives Technology Infrastructure

Check that the LocalBitcoins alternative has a web address that begins with HTTPS. One should avoid HTTP connections as these may not be secure infrastructure connections. For login safety, your LocalBitcoins alternative should use two-factor authentication and customer deposits should be stored offline, in “cold storage.” For additional security guarantees you can check if the LocalBitcoins alternative offers auditing programs that monitor exchange activity 24/7, or sends out SMS and email alerts to customers. See if the platform lets you whitelist your IP address or withdrawal wallet addresses in order to gain maximum security for your funds.

LocalBitcoins Alternatives
LocalBitcoins Alternatives Trading Volume

Trading platforms can also vary in quality and usability based on the number of participants using them at a given time. This is also the case for the amount of each asset being traded. This aspect of your LocalBitcoins alternative can be crucial as it will affect how easily one can enter or exit a position at the required time. If a trader is looking to sell 100 BTC, they are most likely to not be able to do so on a low-volume exchange. This is because there will not be enough sellers at the current listed market price, forcing said trader to sell to lower offers on the exchange. One should check the volume on their LocalBitcoins alternative as issues that arise with volume can typically complicate crypto positions, making it hard to buy or sell large amounts of such assets.

Checking volume can be a difficult task due to exchanges posting fake volume. One method you may wish to use involves taking a look at the LocalBitcoins alternative's order book and noting the amounts of each asset which sit in the order book and how far their price levels are from one another. Another way to assess your LocalBitcoins alternative's volume is to check third-party websites that offer data sets. Trading volume may be calculated differently at different crypto exchanges. Coin360, CoinMarketCap and OnChainFX list different types of such volume data.

LocalBitcoins Alternatives
LocalBitcoins Alternatives Available In Your Country

LocalBitcoins is not available in every country. LocalBitcoins is currently restricted in [restrictedCountry].

If you want to buy and sell cryptocurrencies in one of these restricted countries then one of the LocalBitcoins alternatives in this guide may be a better option for you.

LocalBitcoins Alternatives
LocalBitcoins Automated Trading Alternatives

You may wish to trade cryptocurrencies using automated trading tools that LocalBitcoins does not offer. Automated trading robots are utilised in a wide range of financial sectors, including forex. In nations that allow cryptocurrency trading, crypto trading robots are legal. It is allowed to trade cryptocurrency and utilise robots in the United Kingdom.

Data is retrieved from a cryptocurrency exchange by crypto trading bots. Developers can use an API to connect their auto trading programme to a cryptocurrency exchange, and the API delivers market data to the bot. The robot calculates a trade using technical indicators and a pre-defined algorithm, then provides the execution information to the API. Finally, the user's exchange account transmits the trade order, which is automatically executed by the same interface.

They can also be used to execute transactions depending on pre-defined conditions that you establish.

We show you some LocalBitcoins alternatives that offer automated trading features in this guide.

LocalBitcoins Alternatives
LocalBitcoins Social Trading Alternatives

Social trading crypto involves buying an selling cryptocurrency on a social trading network. Social trading allows crypto users to connect with other traders to help with buying and selling decisions and give insight into cryptocurrency market movements and sentiment. New crypto traders can observe and track the investing methods of more experienced traders, as well as mimic their activities, to boost their chances of crypto market success and profits.

Social trading has seen huge growth over the last 2 years. If you are looking for a LocalBitcoins alternative, check to see their social trading features. We show you the best LocalBitcoins alternatives offering crypto social trading in this guide.

LocalBitcoins Alternatives
LocalBitcoins Alternatives Frequently Asked Questions

LocalBitcoins Alternatives
What is the best LocalBitcoins Alternative

LocalBitcoins Alternatives
What can I used instead of LocalBitcoins

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LocalBitcoins Alternatives
What exchange is better than LocalBitcoins?

Here are some similar and better LocalBitcoins alternatives:

LocalBitcoins Alternatives
Who are competitors of LocalBitcoins

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LocalBitcoins Alternatives
Who has lower fees than LocalBitcoins

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LocalBitcoins Alternatives
What Is the Safest Crypo Exchange?

Varied crypto exchanges have different security procedures, but [topalternative] appears to have the greatest, with all assets maintained in hot storage and insured, as well as a 98 percent user fund held in cold storage.