5 best LocalBitcoins alternatives, as platform closes its doors

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.

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

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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.