LocalCoinSwap Reviews 

281
TrustScore 3 out of 5

3.0

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Rated 4 out of 5 stars

I created an account and did my first trade, initially did not understand how the fees work, i will be honest it is nt user friends when you need to add .001 bnb to accept the Escrow. which i think i... See more

Rated 1 out of 5 stars

Please never deal with them! They have 4.8-5 stars sellers that scam, especially when dealing with giftcards. The support team automatically sides with the seller and banned me without any sort of int... See more

Rated 5 out of 5 stars

I ran into a complicated technical issue that involved settings on my computer and other computer text problems on my end that made messages unreadable when I received them from Local Coin Swap and... See more

Rated 1 out of 5 stars

Signed up and made my fist transaction on Sunday. Didn't bother transferring the funds. Tried to log in on Tuesday and it says account disabled/deleted. No email telling this mind you. I've sent two t... See more

Company details

  1. Currency Exchange Service

Written by the company

LocalCoinSwap is the most popular non-custodial P2P marketplace that connects people to buy and sell cryptocurrency around the world. Trade with over 300+ payment methods and almost any local currency. Trade Bitcoin, Ethereum, DAI, USDC, USDT, BNB, BUSD, and more. LocalCoinSwap is the best Paxful alternative, LocalBitcoins alternative, and even a fantastic LocalCryptos alternative!


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3.0

Average

TrustScore 3 out of 5

281 reviews

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No recent history of asking for reviews

This company hasn't invited customers recently, so reviews may not be representative

Replied to 12% of negative reviews

Typically takes over 1 month to reply

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3.0

All reviews

(281)

45 reviews in the last 12 months

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Rated 5 out of 5 stars

There are not very many Traders on this…

There are not very many Traders on this site that accept PayPal, and after a while I finally found somebody to sell me $10 worth of bitcoin. I then wanted to purchase $50 worth of bitcoin and contacted a seller that wanted me to send him money without him funding the escrow. He asked me to do an off-site trade, of course he wanted me to send him cash in the hopes he would send me Bitcoin. I took a screenshot and reported him to customer service and within a half an hour that user was banned. If the operators of this site continue to diligently control their users, it will continue to grow I am sure. This is a great site for buying Bitcoin without giving up your bank account information or social security number. I just wish there were more vendors that accepted PayPal or Visa Mastercard.

December 27, 2022
Unprompted review
Rated 5 out of 5 stars

Very good exchange

Very good exchange. I've been thru all the major P2P exchanges (Localbitcoins, Paxful), and I like this one better. It's not just about quantity here but quality. Most traders are legit and the ones that aren't are dealt with in a timely manner. Also never had disputes be so quick, if I ever need to open one the admins join the chat very fast, even on weekends! That's far better than waiting a week on the other sites. Not to mention the fact that it's an easier site to use and supports multiple cryptocurrencies. No in depth verification needed unless it's for a specific seller. As a seller myself, I really like how my coins don't get locked until I accept a trade. It makes avoiding scammers and coinlockers SO much easier.

July 28, 2022
Unprompted review
Rated 5 out of 5 stars

If I can Rate more than 1 million I…

If I can Rate more than 1 million I would have, so far soo Good I haven't mate the Best P2P platform like (LCS)
Especially with Customers Service they responds just in time, everything about this platform is sweet 😍😍
I like I highly recommend, thanks

July 21, 2022
Unprompted review
Rated 5 out of 5 stars

Immediate action was taken

I reported an issue with a seller. After describing the situation to customer support, my issue was immediately resolved. This company is serious about it's reputation and they want their customers to have an enjoyable experience on their site. I'm so thankful they stepped in to assist me when a seller became unresponsive. I appreciate the company's interest in providing their customers with legitimate traders. It's good to have help on the spot so you can avoid being scammed. Well done guys! I will definitely be recommending your service to my friends.

May 21, 2022
Unprompted review
Rated 5 out of 5 stars

Scammers BEWARE!

I was attempting to purchase BTC and contacted a seller, the seller asked me to make payment before he had funded the trade. I refused and reported the seller. To be honest, I did not expect anything to happen, as I am accustomed to other sites where support is nonexistent, but to my surprised with in half an hour the scammer was banned from the site. Support updated me through out the process. Very happy to have found this site.

May 15, 2022
Unprompted review
Rated 5 out of 5 stars

In my opinion

In my opinion, Localcoinswap remains to be the best trading p2p platform as it offers a wide variety of cryptos to be traded. More importantly, traders enjoy great customer service whenever there's an issue that needs their and that issue is resolved within the shortest time possible.

April 22, 2022
Unprompted review
Rated 5 out of 5 stars

Exceptional

After mostly negative experiences on several trading platforms I am totaly surprised by the really great support at LCS. Communication by email isnt my prefered way but the support agent Guillermo was very knowlegably and exceptionally helpfull. This is is what I would recommend any time anywhere.

March 11, 2022
Unprompted review
Rated 4 out of 5 stars

The platform is great, the sellers can be meh

So far, LocalCoinSwap is user-friendly and reliable. My only complaint is that depending on the offer you take, the premiums(fees) that a seller or buyer lists, can be quite high.

(If you get scammed, that's your problem. Use common sense! Make sure the crypto you buy is in escrow!)

March 3, 2022
Unprompted review
Rated 2 out of 5 stars

My money is stuck on their platform i…

My money is stuck on their platform i tried to swap one crypto for another and it didn't work but it didn't cancel because theirs no option and after 24 hrs the swap still hasn't happened and in addition to that i cant send my remaining balance to a different wallet so basically i cant even sell it on their platform for a huge lose because it wont let me fund the escrow cant swap it and cant remove it from the platform they basically scammed me for my crypto and when trying to contact their support no one is responding its like talking to a wall

February 11, 2022
Unprompted review

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