Localbitcoins vs Paxful

  • Name
  • Go to Exchange
  • PROS
  • CONS

  • LocalBitcoins review

  • Go to LocalBitcoins
    • The reliability of the exchange;
    • A huge number of payment options;
    • Large trading volumes;
    • Support for more than 250 countries;
    • Low commission of 1% from the person who placed the order;
    • LocalBitcoins app for smartphones;
    • The highest anonymity;
    • There are no trading limits;
    • Good support and site forums;
    • An opportunity to choose the seller/buyer.
    • The presence of only one cryptocurrency - Bitcoin;
    • Possibility of user’s fraud;
    • Availability of returnable payment methods (for example, LocalBitcoins PayPal);
    • The speed of the trade depends on the method of payment (however, most transactions on the site are done within 15 minutes);
    • The cost of Bitcoin depends on the chosen method of payment (not including the commission of the site).

  • Paxful review

  • Go to Paxful
    • Wide choice of payment methods (more than 300) and withdrawal methods (more than 150);
    • A good support forum;
    • Low commission;
    • It's easy to start trading;
    • A high speed of purchase by traditional methods.
    • High exchange rate;
    • Some users can make a fraud;
    • High fees for non-standard methods of payment (for example, gift cards);
    • Some users reported about slow support.
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