What Happened to LocalCryptos?
Unfortunately, LocalCryptos and LocalBitcoins are shutting down their marketplace after 5 years of operation. In their announcement, the bear market was a factor, but not the only reason.
What Is LocalCryptos?
LocalCryptos is a peer to peer crypto marketplace where you can trade 5 cryptocurrencies with no middle-men. Worldwide, users can exchange crypto directly with another person using over 40 payment methods. It's powered by a blockchain escrow service to facilitate safe transactions.
The service was founded in 2017 and had roughly 400,000 users. It offers 40+ payment methods and supports 5 cryptocurrencies which are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dash (DASH), and Bitcoin Cash (BCH).
LocalCryptos is also non-custodial. This means LocalCryptos does not have control of your funds and you can use your own private wallet for transactions. There is also no KYC (for most regions) which makes it very easy to get started since they don't need much information from you.
40+ Payment Methods
LocalCryptos offers many payment methods ranging from bank transfer, PayPal, cash deposits, TransferWise, SEPA, Alipay, Venmo, Revolut, WeChat, wire transfer, and more.
