LocalBitcoins
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LocalBitcoins was a peer-to-peer bitcoin exchange platform based in Helsinki, Finland.
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Encyclopedic overview
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LocalBitcoins was a peer-to-peer bitcoin exchange platform based in Helsinki, Finland.
Its service facilitated over-the-counter trading of local currency for bitcoins. Users posted advertisements on the website, where they stated exchange rates and payment methods for buying or selling bitcoins. Other users replied to these advertisements and make the payment in their specified payment method. In December 2020, LocalBitcoins had over 1,000,000 active traders with a trade volume of 612 million US dollars between October and December 2020. LocalBitcoins shut down in February 2023.
Excerpted from Wikipedia’s “LocalBitcoins” article, available under the CC BY-SA 4.0 licence.