Currencies: 186 (152 fiat & 34 crypto) Countries: 255 PSs & Banks: 325 Exchanges: 307 Offers:
BTC/USD:

LocalCoinSwap review & testimonials (updated 11.2019)

LocalCoinSwap user interface: the home page in English

What is LocalCoinSwap in a nutshell? It's recently added to our monitoring, well established, promising exchange service (p2p marketplace) supporting some popular crypto: you can exchange these using the website. Exchange service started the business Dec 2017, it serves the clients over a year. Besides, it offers the clients a cashback bonus!

This P2P Marketplace welcomes customers from 255 countries (including your country: United States!). It serves the US and allows registrations from all the 56 states and territories. Unfortunately we couldn't yet collect enough data about the order processing speed from the customers of LocalCoinSwap, maybe you know how fast LocalCoinSwap processes the orders? If you do, please share the knowledge! Thanks a lot! Depending on the order details, you may need to verify your account to exchange crypto on this P2P Marketplace.

Since 2017, LocalCoinSwap is working hard to get great testimonials from the users. Although, since this P2P Marketplace was recently added to our price comparison platform, we have no user reviews yet. Maybe you can help? If you have any experience dealing with LocalCoinSwap, can you please leave your testimonial? It will surely be a great help for us and all the community, thanks!

Based on all these facts, our verdict is the following: LocalCoinSwap is a promising, although not yet reviewed much by our visitors place to exchange Bitcoins, an interesting exchange that we believe will get some nice feedback soon!

Overview: is LocalCoinSwap safe?

LocalCoinSwap is the P2P Marketplace; exchange started the business December 2017. Unfortunately, there is not much information available about the company doing business as LocalCoinSwap, etc.

Answering the question how safe is LocalCoinSwap:

We are sorry, our platform has't yet collected enough data, but you can help! We know fairly much about this P2P Marketplace (please continue reading), but our policies require to collect more testimonials from the users of LocalCoinSwap to draw a conclusion. Do you have any experience dealing with this service? Please add your feedback, this will be a great help! Or maybe you know someone who does? Kindly ask him/her to tell us about it here! We really appreciate your participation.
Time in the business: 1 year 11 months
Business model: no special licenses, etc.

Overall rating for LocalCoinSwap: N/A

Pros & Cons of LocalCoinSwap

Although LocalCoinSwap is not yet rated by our visitors, there probably are many downsides that people don't like, but there also should be strong sides. Who knows, maybe for you, our dear visitor, these are most important and you'd consider this exchange as one of the best ones. Let's check it out:

  • Almost all the countries in the world are welcomed here! Feel free to check if your country is allowed to register an account.
  • Built-in escrow makes the process almost perfectly safe, especially when you are buying crypto.
  • The quality of service, speed, etc. varies from seller to seller; the platform itself has almost zero impact on these.

Seems that there are not so many cons, but a lot of pros. We hope you will enjoy your experience exchanging at LocalCoinSwap! Try LocalCoinSwap today and let us know how you like it!

Services, LocalCoinSwap Provides

The platform provides the following cryptocurrency exchange-related services:

  • Helps the visitors to exchange the electronic currencies.

As we can see, LocalCoinSwap doesn't provide any services besides the cryptocurrency exchange, althought it's definitely not a bad thing; after all, we came here for the crypto exchange, right?

Currencies & Payment Systems

LocalCoinSwap provides the service of various cryptocurrencies exchange.

If you are not sure, which one of these electronic currencies you are most interested in, you are welcome to read our guides. For example, these: Top 3 cryptocurrencies with smart contracts to buy in 2019.

LocalCoinSwap fees

Since LocalCoinSwap is a P2P marketplace, every seller is free to set the fee he wishes. So the fee depends on the offer and can be virtually any amount, although most of the dealers charge very reasonable fees. It's a market, after all! Feel free to browse the offers to check the fees for your country, preferred currency and bank or payment system!

Cashback available!

Buying and selling limits

This P2P Marketplace has the following limits, applicable when you buy or sell cryptocurrencies:

The business model of P2P market is based on fact that every seller has his own terms of the trade. Hence we can't provide you with min/max amounts LocalCoinSwap allows to buy and sell, it really varies from dealer to dealer. Please check it by yourself!

Supported countries

Platform allows the users from 255 countries to use the exchange. The following countries are supported by the p2p marketplace:

  • Afghanistan (AF)
  • Aland Islands (AX)
  • Albania (AL)
  • Algeria (DZ)
  • American Samoa (AS)
  • Andorra (AD)
  • Angola (AO)
  • Anguilla (AI)
  • Antarctica (AQ)
  • Antigua & Barbuda (AG)
  • Argentina (AR)
  • Armenia (AM)
  • Aruba (AW)
  • Ascension Island (AC)
  • Australia (AU)
  • Austria (AT)
  • Azerbaijan (AZ)
  • Bahamas (BS)
  • Bahrain (BH)
  • Bangladesh (BD)
  • Barbados (BB)
  • Belarus (BY)
  • Belgium (BE)
  • Belize (BZ)
  • Benin (BJ)
  • Bermuda (BM)
  • Bhutan (BT)
  • Bolivia (BO)
  • Bosnia & Herzegovina (BA)
  • Botswana (BW)
  • Bouvet Island (BV)
  • Brazil (BR)
  • British Indian Ocean Territory (IO)
  • British Virgin Islands (VG)
  • Brunei (BN)
  • Bulgaria (BG)
  • Burkina Faso (BF)
  • Burundi (BI)
  • Cambodia (KH)
  • Cameroon (CM)
  • Canada (CA)
  • Canary Islands (IC)
  • Cape Verde (CV)
  • Caribbean Netherlands (BQ)
  • Cayman Islands (KY)
  • Central African Republic (CF)
  • Ceuta & Melilla (EA)
  • Chad (TD)
  • Chile (CL)
  • China (CN)
  • Christmas Island (CX)
  • Cocos (Keeling) Islands (CC)
  • Colombia (CO)
  • Comoros (KM)
  • Congo - Brazzaville (CG)
  • Congo - Kinshasa (CD)
  • Cook Islands (CK)
  • Costa Rica (CR)
  • Croatia (HR)
  • Cuba (CU)
  • Curaçao (CW)
  • Cyprus (CY)
  • Czech Republic (CZ)
  • Côte d’Ivoire (CI)
  • Denmark (DK)
  • Diego Garcia (DG)
  • Djibouti (DJ)
  • Dominica (DM)
  • Dominican Republic (DO)
  • Ecuador (EC)
  • Egypt (EG)
  • El Salvador (SV)
  • Equatorial Guinea (GQ)
  • Eritrea (ER)
  • Estonia (EE)
  • Ethiopia (ET)
  • Falkland Islands (FK)
  • Faroe Islands (FO)
  • Fiji (FJ)
  • Finland (FI)
  • France (FR)
  • French Guiana (GF)
  • French Polynesia (PF)
  • French Southern Territories (TF)
  • Gabon (GA)
  • Gambia (GM)
  • Georgia (GE)
  • Germany (DE)
  • Ghana (GH)
  • Gibraltar (GI)
  • Greece (GR)
  • Greenland (GL)
  • Grenada (GD)
  • Guadeloupe (GP)
  • Guam (GU)
  • Guatemala (GT)
  • Guernsey (GG)
  • Guinea (GN)
  • Guinea-Bissau (GW)
  • Guyana (GY)
  • Haiti (HT)
  • Heard Island and McDonald Islands (HM)
  • Honduras (HN)
  • Hong Kong SAR China (HK)
  • Hungary (HU)
  • Iceland (IS)
  • India (IN)
  • Indonesia (ID)
  • Iran (IR)
  • Iraq (IQ)
  • Ireland (IE)
  • Isle of Man (IM)
  • Israel (IL)
  • Italy (IT)
  • Jamaica (JM)
  • Japan (JP)
  • Jersey (JE)
  • Jordan (JO)
  • Kazakhstan (KZ)
  • Kenya (KE)
  • Kiribati (KI)
  • Kosovo (XK)
  • Kuwait (KW)
  • Kyrgyzstan (KG)
  • Laos (LA)
  • Latvia (LV)
  • Lebanon (LB)
  • Lesotho (LS)
  • Liberia (LR)
  • Libya (LY)
  • Liechtenstein (LI)
  • Lithuania (LT)
  • Luxembourg (LU)
  • Macau SAR China (MO)
  • Macedonia (MK)
  • Madagascar (MG)
  • Malawi (MW)
  • Malaysia (MY)
  • Maldives (MV)
  • Mali (ML)
  • Malta (MT)
  • Marshall Islands (MH)
  • Martinique (MQ)
  • Mauritania (MR)
  • Mauritius (MU)
  • Mayotte (YT)
  • Mexico (MX)
  • Micronesia (FM)
  • Moldova (MD)
  • Monaco (MC)
  • Mongolia (MN)
  • Montenegro (ME)
  • Montserrat (MS)
  • Morocco (MA)
  • Mozambique (MZ)
  • Myanmar (Burma) (MM)
  • Namibia (NA)
  • Nauru (NR)
  • Nepal (NP)
  • Netherlands (NL)
  • New Caledonia (NC)
  • New Zealand (NZ)
  • Nicaragua (NI)
  • Niger (NE)
  • Nigeria (NG)
  • Niue (NU)
  • Norfolk Island (NF)
  • North Korea (KP)
  • Northern Mariana Islands (MP)
  • Norway (NO)
  • Oman (OM)
  • Pakistan (PK)
  • Palau (PW)
  • Palestinian Territories (PS)
  • Panama (PA)
  • Papua New Guinea (PG)
  • Paraguay (PY)
  • Peru (PE)
  • Philippines (PH)
  • Pitcairn Islands (PN)
  • Poland (PL)
  • Portugal (PT)
  • Puerto Rico (PR)
  • Qatar (QA)
  • Romania (RO)
  • Russia (RU)
  • Rwanda (RW)
  • Réunion (RE)
  • Samoa (WS)
  • San Marino (SM)
  • Saudi Arabia (SA)
  • Senegal (SN)
  • Serbia (RS)
  • Seychelles (SC)
  • Sierra Leone (SL)
  • Singapore (SG)
  • Sint Maarten (SX)
  • Slovakia (SK)
  • Slovenia (SI)
  • Solomon Islands (SB)
  • Somalia (SO)
  • South Africa (ZA)
  • South Georgia & South Sandwich Islands (GS)
  • South Korea (KR)
  • South Sudan (SS)
  • Spain (ES)
  • Sri Lanka (LK)
  • St. Barthélemy (BL)
  • St. Helena (SH)
  • St. Kitts & Nevis (KN)
  • St. Lucia (LC)
  • St. Martin (MF)
  • St. Pierre & Miquelon (PM)
  • St. Vincent & Grenadines (VC)
  • Sudan (SD)
  • Suriname (SR)
  • Svalbard & Jan Mayen (SJ)
  • Swaziland (SZ)
  • Sweden (SE)
  • Switzerland (CH)
  • Syria (SY)
  • São Tomé & Príncipe (ST)
  • Taiwan (TW)
  • Tajikistan (TJ)
  • Tanzania (TZ)
  • Thailand (TH)
  • Timor-Leste (TL)
  • Togo (TG)
  • Tokelau (TK)
  • Tonga (TO)
  • Trinidad & Tobago (TT)
  • Tristan da Cunha (TA)
  • Tunisia (TN)
  • Turkey (TR)
  • Turkmenistan (TM)
  • Turks & Caicos Islands (TC)
  • Tuvalu (TV)
  • U.S. Outlying Islands (UM)
  • U.S. Virgin Islands (VI)
  • Uganda (UG)
  • Ukraine (UA)
  • United Arab Emirates (AE)
  • United Kingdom (GB)
  • United States (US)
  • Uruguay (UY)
  • Uzbekistan (UZ)
  • Vanuatu (VU)
  • Vatican City (VA)
  • Venezuela (VE)
  • Vietnam (VN)
  • Wallis & Futuna (WF)
  • Western Sahara (EH)
  • Yemen (YE)
  • Zambia (ZM)
  • Zimbabwe (ZW)

Does LocalCoinSwap allow the users from United States (US)?

USA flag

Yes, LocalCoinSwap allows the registrations from the United States! P2P Marketplace permits the users from 56 states and territories to register at and use the services exchange provides:

  • Alabama (AL)
  • Alaska (AK)
  • American Samoa (AS)
  • Arizona (AZ)
  • Arkansas (AR)
  • California (CA)
  • Colorado (CO)
  • Connecticut (CT)
  • Delaware (DE)
  • District of Columbia (DC)
  • Florida (FL)
  • Georgia (GA)
  • Guam (GU)
  • Hawaii (HI)
  • Idaho (ID)
  • Illinois (IL)
  • Indiana (IN)
  • Iowa (IA)
  • Kansas (KS)
  • Kentucky (KY)
  • Louisiana (LA)
  • Maine (ME)
  • Maryland (MD)
  • Massachusetts (MA)
  • Michigan (MI)
  • Minnesota (MN)
  • Mississippi (MS)
  • Missouri (MO)
  • Montana (MT)
  • Nebraska (NE)
  • Nevada (NV)
  • New Hampshire (NH)
  • New Jersey (NJ)
  • New Mexico (NM)
  • New York (NY)
  • North Carolina (NC)
  • North Dakota (ND)
  • Northern Mariana Islands (MP)
  • Ohio (OH)
  • Oklahoma (OK)
  • Oregon (OR)
  • Pennsylvania (PA)
  • Puerto Rico (PR)
  • Rhode Island (RI)
  • South Carolina (SC)
  • South Dakota (SD)
  • Tennessee (TN)
  • Texas (TX)
  • U.S. Virgin Islands (VI)
  • Utah (UT)
  • Vermont (VT)
  • Virginia (VA)
  • Washington (WA)
  • West Virginia (WV)
  • Wisconsin (WI)
  • Wyoming (WY)

Americans are welcome to exchange various cryptos that are supported by the p2p marketplace.

Please visit the exchange's website to check the offers that are currently active!

Customer service

Sorry, but we haven't collected enough data about this yet. Do you have any experience exchanging with the LocalCoinSwap? Can you please add your testimonial? This will help everyone a lot, thanks!

Verification at LocalCoinSwap

The p2p marketplace may require the customers to pass through the user identification (account verification) process. LocalCoinSwap may require you to verify some information about your identity; the details depend on order amount, exchange direction, payment systems used, etc.

And remember that since this is a P2P market, every seller or buyer creating an ad is free to determine his own terms. Some dealers require KYC, some — don't. You'll see all the details during an order creation.

According to the customers surveys results, the average time to verify an account at LocalCoinSwap is the following:

Sorry, we haven't yet collected enough data. Do you know, how fast LocalCoinSwap does account verification? Kindly let us know, too. Thank you very much!

Deposit/withdrawal speed

Unlike all other exchange platforms, the P2P marketplace has almost no control over the funds delivery speed. In fact, it all depends on the dealer: if him or her will be fast, your monies are in wallet in no time. But if he/she is not — that's a completely different story!

Customers' testimonials

There are currently no users testimonials about the LocalCoinSwap. Do you have any experience using this p2p marketplace? If you do, please say a couple of words about it!

FAQ about LocalCoinSwap

Does LocalCoinSwap holds my funds?

Yes, it does. Although you can always withdraw the funds to your e-currency wallet "by default" LocalCoinSwap holds your balance at it's own hot storage wallet. Funds are kept on the escrow accounts, this is how P2P markets operates; but it's much safer to store your funds at other place.

Is LocalCoinSwap a good p2p marketplace?

Although we have not enough users' reviews yet, we analyzed the information we have. Feel free to get acquainted with the details reading this review or just jump to the conclusion!

Is LocalCoinSwap licensed? Does it hold e-money license?

It is not, although seems that such business model complies with the regulation in LocalCoinSwap home country.

Is LocalCoinSwap a ripoff?

It is not a ripoff, although we have not rated LocalCoinSwap yet due to lack of user testimonials, it complies with our standards. Feel free to read the whole this review to understand why or check our conclusion: is LocalCoinSwap legit or scam.

LocalCoinSwap vs other exchanges

Let's compare LocalCoinSwap to other similar exchange services with similar features: others of p2p marketplace type mostly. Besides, seems reasonable to compare the platform with the exchanges having similar rating and serving (mostly) the same geographic, etc. Remember that if you wish to find the exchange offering the best price to buy/sell Bitcoin and 33 other cryptos, check the best rates to buy bitcoin and crypto in United States!

LocalCoinSwap vs Wirex

Let's compare the key features of these two platforms to see which one suits you best:

  • Wirex is a e-wallet LocalCoinSwap is a p2p marketplace, it has a different business model (feel free to read about the differences between e-wallet and p2p marketplace)
  • Wirex had started the business November 2014 LocalCoinSwap started the business December 2017 (Wirex is working for 3 years and 1 months longer time).
  • Wirex has all the required business licenses and permissions LocalCoinSwap is an ordinary company without licenses, etc. (Wirex's business model is more stable and safer for clients).
  • Besides buying, selling and exchanging cryptocurrencies, Wirex provides no extra services LocalCoinSwap provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 3 fiat currencies are available at Wirex LocalCoinSwap doesn't allow to use any fiat currencies (LocalCoinSwap supports 3 fiat currencies less).
  • Wirex accepts deposits from and allows withdrawals to 4 fiat payment systems / banks LocalCoinSwap doesn't support fiat payments in any form (LocalCoinSwap supports 4 banks and fiat payment systems less).
  • Wirex offers no gifts to the customers, cashback is also not available LocalCoinSwap provides cashback (LocalCoinSwap offers more extra bonuses).
  • Wirex allows registrations from 255 countries; United States is among the supported ones You may register at LocalCoinSwap if you reside in one of 255 countries; it serves United States among others (LocalCoinSwap & Wirex support the same number of countries and territories).
  • During the account verification Wirex usually asks for 2 documents and/or procedures: (id verification, phone confirmation) User identification at LocalCoinSwap usually consists of some (it depends) different procedures (LocalCoinSwap 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — Wirex or LocalCoinSwap — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

LocalCoinSwap vs Bitonic

Let's compare the key features of these two platforms to see which one suits you best:

  • Bitonic is a broker LocalCoinSwap is a p2p marketplace, it has a different business model (feel free to read about the differences between broker and p2p marketplace)
  • Bitonic had started the business May 2012 LocalCoinSwap started the business December 2017 (Bitonic is working for 5 years and 7 months longer time).
  • Bitonic has all the required business licenses and permissions LocalCoinSwap is an ordinary company without licenses, etc. (Bitonic's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, Bitonic provides the following extra services: Merchant Services LocalCoinSwap provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 1 fiat currencies are available at Bitonic LocalCoinSwap doesn't allow to use any fiat currencies (LocalCoinSwap supports 1 fiat currencies less).
  • Bitonic accepts deposits from and allows withdrawals to 3 fiat payment systems / banks LocalCoinSwap doesn't support fiat payments in any form (LocalCoinSwap supports 3 banks and fiat payment systems less).
  • Bitonic offers no gifts to the customers, cashback is also not available LocalCoinSwap provides cashback (LocalCoinSwap offers more extra bonuses).
  • Bitonic allows registrations from 46 countries; we are sorry, but United States is not supported this time You may register at LocalCoinSwap if you reside in one of 255 countries; it serves United States among others (LocalCoinSwap supports more countries worldwide).
  • During the account verification Bitonic usually asks for 3 documents and/or procedures: (id verification, phone confirmation, a bank account verification) User identification at LocalCoinSwap usually consists of some (it depends) different procedures (LocalCoinSwap 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — Bitonic or LocalCoinSwap — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

LocalCoinSwap vs BitQuick

Let's compare the key features of these two platforms to see which one suits you best:

  • BitQuick is a p2p marketplace LocalCoinSwap is a p2p marketplace, both are using the same business model.
  • BitQuick had started the business October 2013 LocalCoinSwap started the business December 2017 (BitQuick is working for 4 years and 2 months longer time).
  • BitQuick has all the required business licenses and permissions LocalCoinSwap is an ordinary company without licenses, etc. (BitQuick's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, BitQuick provides no extra services LocalCoinSwap provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 1 fiat currencies are available at BitQuick LocalCoinSwap doesn't allow to use any fiat currencies (LocalCoinSwap supports 1 fiat currencies less).
  • BitQuick accepts deposits from and allows withdrawals to 16 fiat payment systems / banks LocalCoinSwap doesn't support fiat payments in any form (LocalCoinSwap supports 16 banks and fiat payment systems less).
  • BitQuick offers no gifts to the customers, cashback is also not available LocalCoinSwap provides cashback (LocalCoinSwap offers more extra bonuses).
  • BitQuick allows registrations from 1 countries; United States is among the supported ones You may register at LocalCoinSwap if you reside in one of 255 countries; it serves United States among others (LocalCoinSwap supports more countries worldwide).
  • During the account verification BitQuick usually asks for 1 document / procedure: (phone confirmation) User identification at LocalCoinSwap usually consists of some (it depends) different procedures (LocalCoinSwap 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — BitQuick or LocalCoinSwap — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

LocalCoinSwap vs BTCBIT

Let's compare the key features of these two platforms to see which one suits you best:

  • BTCBIT is a broker LocalCoinSwap is a p2p marketplace, it has a different business model (feel free to read about the differences between broker and p2p marketplace)
  • BTCBIT had started the business May 2017 LocalCoinSwap started the business December 2017 (BTCBIT is working for 7 months longer time).
  • BTCBIT has all the required business licenses and permissions LocalCoinSwap is an ordinary company without licenses, etc. (BTCBIT's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, BTCBIT provides no extra services LocalCoinSwap provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 9 fiat currencies are available at BTCBIT LocalCoinSwap doesn't allow to use any fiat currencies (LocalCoinSwap supports 9 fiat currencies less).
  • BTCBIT accepts deposits from and allows withdrawals to 7 fiat payment systems / banks LocalCoinSwap doesn't support fiat payments in any form (LocalCoinSwap supports 7 banks and fiat payment systems less).
  • BTCBIT offers no gifts to the customers, cashback is also not available LocalCoinSwap provides cashback (LocalCoinSwap offers more extra bonuses).
  • BTCBIT allows registrations from 221 countries; United States is among the supported ones You may register at LocalCoinSwap if you reside in one of 255 countries; it serves United States among others (LocalCoinSwap supports more countries worldwide).
  • BTCBIT allows the user to be anonymous, there is no account verification, etc. User identification at LocalCoinSwap usually consists of some (it depends) different procedures (LocalCoinSwap 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — BTCBIT or LocalCoinSwap — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

LocalCoinSwap vs Coinbase

Let's compare the key features of these two platforms to see which one suits you best:

  • Coinbase is a e-wallet LocalCoinSwap is a p2p marketplace, it has a different business model (feel free to read about the differences between e-wallet and p2p marketplace)
  • Coinbase had started the business June 2012 LocalCoinSwap started the business December 2017 (Coinbase is working for 5 years and 6 months longer time).
  • Coinbase has all the required business licenses and permissions LocalCoinSwap is an ordinary company without licenses, etc. (Coinbase's business model is more stable and safer for clients).
  • Besides buying and selling cryptocurrencies, Coinbase provides the following extra services: ATM Cards and the Merchant Services LocalCoinSwap provides us with less services, related to the crypto exchange: it just exchanges cryptos.
  • 6 fiat currencies are available at Coinbase LocalCoinSwap doesn't allow to use any fiat currencies (LocalCoinSwap supports 6 fiat currencies less).
  • Coinbase accepts deposits from and allows withdrawals to 4 fiat payment systems / banks LocalCoinSwap doesn't support fiat payments in any form (LocalCoinSwap supports 4 banks and fiat payment systems less).
  • Coinbase offers no gifts to the customers, cashback is also not available LocalCoinSwap provides cashback (LocalCoinSwap offers more extra bonuses).
  • Coinbase allows registrations from 39 countries; United States is among the supported ones You may register at LocalCoinSwap if you reside in one of 255 countries; it serves United States among others (LocalCoinSwap supports more countries worldwide).
  • During the account verification Coinbase usually asks for 2 documents and/or procedures: (id verification, phone confirmation) and it takes a day or two in most of the cases User identification at LocalCoinSwap usually consists of some (it depends) different procedures (LocalCoinSwap 's compliance program requires the client to take more actions or to provide more data).

Although the final decision, which exchange — Coinbase or LocalCoinSwap — is better is up to you, we'll try to help you with the decision. Both exchanges are great, since at least one of them is not yet rated at our platform, we recommend you to look at the list above and decide, what is most important for you!

If you feel like need more comparison versus other exchanges, feel free to check these:

Conclusion: is LocalCoinSwap legit or scam?

Now it's time to draw a conclusion, is LocalCoinSwap a scam or is it a legit exchange? We hadn't yet collected enough testimonials to assign LocalCoinSwap a rating, but according to our research it's a good exchange. We have found no evidence that this p2p marketplace is a scam so it should be save to deal with. Let's summarize what we like most (and what we don't) about the LocalCoinSwap:

  • Although it has no financial licenses, etc. such a business model complies with the regulation
  • The p2p marketplace holds users' funds
  • The service exists for rather a long time; exchange was started 1 years and 11 months ago
  • LocalCoinSwap allows registrations from 255 countries; people from United States may use the service
  • Cashback program allows you get some of the exchange fees back.

Overall rating for LocalCoinSwap: N/A