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LocalBitcoins has been operating as a leading Bitcoin (BTC/USD) peer-to-peer (P2P) crypto exchange for the last 10 years but it recently announced that it was shutting down due to unfavourable market conditions. This has left millions of its customers looking for LocalBitcoins alternatives where they can continue with their crypto trading experience.
As a P2P cryptocurrency exchange, LocalBitcoins allowed peers to buy and sell cryptocurrencies and precisely BTC without using a third party such as a bank or an order book to pair buy and sell orders and control the platform’s assets. Users would directly connect through a transparent process and buy or sell bitcoins from each other using fiat currency.
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Now that it has closed its operations with customers only being allowed to transfer/withdraw their crypto assets within the next 12 months, here are some of the best LocalBitcoins alternatives that users can hop to.
Top 5 alternatives to LocalBitcoins
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Register with eToro instantly Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
Public
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.
Register with Public instantly Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.
Binance.US
Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.
Register with Binance.US instantly
Bitstamp
World’s longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
Register with Bitstamp instantly
Uphold
Create your account in minutes and start trading 90+ cryptos and other assets on the most flexible trading platform.
Register with Uphold instantly
In Conclusion
Choosing a cryptocurrency exchange is a crucial step for a crypto trader since it determines the rest of your crypto trading experience. It is therefore important to look for the best LocalBitcoins alternative where you can continue with your crypto trading activities without disruptions.
The above list contains our best picks of where previous LocalBitcoins users can shift to. However, if you are searching for a specific type of crypto exchange, you can have a look at our list of the best crypto exchanges with low fees.
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