 | |
| Founded | June 2012[1] |
|---|---|
| Founder | Jeremias Kangas |
| Defunct | February 2023 |
| Headquarters | , Finland |
Area served | Worldwide[2] |
Key people | Sara Leppänen (CEO) Nikolaus Kangas (former CEO) Jeremias Kangas (former CEO) |
Number of employees | 100+ |
| Website | localbitcoins |
LocalBitcoins was a peer-to-peer bitcoin exchange platform based in Helsinki, Finland.[3][4]
Its service facilitated over-the-counter trading of local currency for bitcoins.[5] Users posted advertisements on the website, where they stated exchange rates and payment methods for buying or selling bitcoins.[6] Other users replied to these advertisements and make the payment in their specified payment method. As of December 2020, LocalBitcoins had over 1,000,000 active traders with a trade volume of 612 million US dollars between October and December 2020.[7] LocalBitcoins shut down in February 2023.
- ^ Knibbs, Kate (5 February 2015). "Meet the Street Dealers Who Peddle Bitcoin". Gizmodo. Archived from the original on 30 December 2016. Retrieved 30 December 2016.
- ^ Stecklow, Steve (29 September 2017). "Making a fortune from arranging private bitcoin transactions". mint. Archived from the original on 30 September 2017.
- ^ "Crypto Peer-to-Peer Exchanges Grow in Popularity as Regulatory Scrutiny Rises". Bloomberg.com. 11 July 2019.
- ^ Smith, Ian (11 February 2018). "The FT 1000: The complete list of Europe's fastest growing companies". Financial Times. Archived from the original on 20 February 2019.
- ^ McMillan, Robert (28 March 2013). "Why the Only Real Way to Buy Bitcoins Is on the Streets". Wired. Condé Nast. Archived from the original on 16 April 2014. Retrieved 19 February 2014.
- ^ "Even China Can't Kill Bitcoin". Bloomberg.com. 24 February 2017.
- ^ "Bitcoin Adoption: Nearly 1M Active LocalBitcoins Users in Q4 2020, while P2P Competitor Paxful Reports Steady BTC Trading Growth". Crowdfund Insider. 4 February 2021. Archived from the original on 4 February 2021.