🚨 LOCALBITCOINS HAS SHUT DOWN — PERMANENTLY CLOSED FEBRUARY 2023. LocalBitcoins, one of the world’s oldest Bitcoin P2P marketplaces (est. 2012), permanently shut down on February 9, 2023. All trading was suspended. Users were given a limited window to withdraw remaining funds. The platform is fully offline and will not reopen. Do not deposit funds or trust any site claiming to be LocalBitcoins.
LocalBitcoins — What Happened
LocalBitcoins was founded in Helsinki, Finland in 2012 and was one of the most popular peer-to-peer Bitcoin trading platforms for over a decade. On February 9, 2023, the company announced immediate shutdown, citing a difficult market environment following the 2022 crypto bear market and the collapse of multiple major crypto firms. At its peak, LocalBitcoins processed over $1.5 billion in monthly P2P Bitcoin trades. All services are permanently discontinued.
Active P2P Alternatives
For P2P crypto trading: Binance P2P | Bybit P2P | KuCoin P2P | Gate.io P2P
