LocalBitcoins is working as a leading bitcoin (BTC/USDPeer-to-Peer (P2P) crypto exchange since last 10 years but it recently announced its it was closing Due to adverse 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 allows peers to buy and sell cryptocurrencies and fine BTC without using third parties such as banks or order books to place buy and sell orders and control the platform’s assets. Users will connect directly through a transparent process and buy or sell bitcoin from each other using fiat currency.
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Now that it has shut down its operations and customers are 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 look forward to.
Top 5 Alternatives to LocalBitcoins
eToro
eToro is a multi-asset investment platform with over 2000 assets, including stocks, ETF’s, indices, commodities and crypto assets. eToro offers over 60+ cryptoassets to trade or invest in its crypto portfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other major cryptocurrencies. eToro users can connect with, learn from, and copy or be copied by other users.
Register with eToro instantly Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is not available for customers based in the UK and US.
bitstamp
The world’s longest running crypto exchange. Since 2011, Bitstamp has been providing a secure and reliable trading venue for over four million individuals and a range of institutional partners.
Register with Bitstamp instantly
binance
Binance has grown rapidly since its founding in 2017 and is now one of the largest cryptocurrency exchanges on the market.
Register With Binance Instantly
okx
OKX is a world-leading cryptocurrency exchange, using blockchain technology to provide advanced financial services to traders globally.
Register with OKEx instantly Trading in digital assets is considered high risk. The digital asset is not backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether exchanging, holding or trading Digital Assets is appropriate for you in the light of your financial situation.
skilling
Skilling is a regulated Forex and CFD broker that allows traders to access 800+ financial instruments including 10 popular cryptocurrency CFDs with competitive pricing and fast execution times. Skilling offers a selection of trading platforms, including the proprietary Skilling Trader and the popular, industry-renowned cTrader and MetaTrader 4 platforms, that can be tailored to the needs of clients with varying levels of trading experience.
Register with Skilling instantly 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford the high risk of losing your money.
in conclusion
Choosing a cryptocurrency exchange is an important step for a crypto trader as it determines the rest of your crypto trading experience. Hence it is important to find the best LocalBitcoins alternative where you can continue with your crypto trading activities without any interruption.
The list above contains our top picks for where previous LocalBitcoins users may have moved. However, if you are searching for a specific type of crypto exchange, you can take a look at our list Best crypto exchange with low fees,
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