LocalCoins24 Overview


Buying and selling cryptocurrencies is becoming more and more popular every day. New types of exchangers keep appearing and the competition in this market is growing. Not so long ago a new service for exchanging coins and tokens was introduced, which is called LocalCoins24. In this article we will look at the features of working with this site, talk about the registration process and ways to deposit and withdraw money.

Local Coins 24 overview

The exchange appeared in the spring of 2018 and is a unique platform, which gives the opportunity to safely buy and sell cryptocurrency with favorable commissions. The developers tried to make the platform understandable for beginners and reduce the threshold of entry into trading. For experienced traders with large volumes of trades are also offered good working conditions. The main principles when creating the site were usability and security.

The interface was made as clear as possible and people with no experience in trading can easily start trading on Local Coins 24. The team focuses on the CIS and the site is available in the following languages:

  • English
  • Russian
  • Ukrainian

The aim of the project is to simplify the work with bitcoin and its popularization in the masses, so that this process was available to everyone. Service operates on the principle of P2P, transactions are performed directly between users. The exchange only monitors the security of what is happening.

In the future, the project plans to expand the list of supported cryptocurrencies and tokens. In addition, it is also planned to launch its own ICO to raise funds to develop their own debit cards for the exchange, which would make it as easy as possible to use and help strengthen cryptocurrencies as the main currency in the world.

Registration and Verification

To start working with the service, it is necessary to go through a simple registration procedure. The user will be asked to specify the desired nickname, email address, and password. The usual reCAPTCHA service is used to protect against bot registration. There is no required verification on the website and you can start trading immediately after the account is created.

Ways to deposit and withdraw funds

A great number of supported currencies and payment methods catch your eye when searching for a deal on LocalCoins24. It should be noted that the deposit is made exactly in bitcoins, which the exchange subsequently holds for the time of the transaction to secure this process.

The service offers a few dozen cryptocurrencies and among them there are not only the most popular coins and tokens, but also less well-known projects. As for payment methods, there is support for PayPal, Skrill, Payoneer, AdvCash, PerfectMoney, OKpay, Qiwi, YandexMoney, as well as the vast majority of banks in Ukraine, Russia and Belarus. Display transaction value can also be customized in your convenient currency. The developers tried to make the project as universal as possible to attract users from all over the planet.

How to trade at Local Coins 24

In order to buy or sell cryptocurrency on LocalCoins24, the user needs to find an offer that suits him in terms of price, payment method and other parameters. The search is done by filling out a special form where the following criteria can be specified:

Minimum and maximum purchase amount

  • Currency you wish to buy
  • Payment currency
  • Country
  • City
  • Payment method

After clicking the “search” button you will see all the offers that match the request. You should also pay attention to the seller’s rating and the number of deals he has made. This will make the work with the service even safer.

Exchange Commissions

The developers call this one of the strongest aspects of their exchanger. The commissions charged by the service for the transactions is only 1%, which is competitive with similar solutions in the market.

Security and support

For users who want to contact the administration of the site, there is a special form to contact the technical support service. It can be found at the bottom of the page. It is only necessary to specify there the email address for feedback, the name and the question itself.

As for the safety of the service, it all comes down to the possibility of depositing funds during the transaction. Also, the exchange collects statistics on sellers and displays it in the profile. This allows you to decide whether you want to work with this user, whether he is trustworthy.

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