Post
Topic
Board Service Discussion
Re: Paxful or LocalBitcoins? Which one is better and why?
by
magneto
on 26/02/2019, 10:01:29 UTC
www.paxful.com and www.localbitcoins.com both allow for an escrow system for exchanging bitcoins for cash with peer to peer

What are your experiences with each?

Which do you prefer?

Thanks

Personally I'd prefer Localbitcoins over paxful any day. It's more established and more trusted, and there are more advertisements and better rates in general.

However, in terms of privacy I think that paxful may have the upper edge. Localbitcoins has recently implemented a verification system that forces you to submit ID once you reach a certain threshold of trading volume, on top of the fact that they already force you to verify if you want to place any ads. From experience, there are also more ads on paxful that allow you to buy/sell with certain payment methods without needing to be verified.

I don't think that you can go wrong with either, I've heard some complaints about Paxful's support speed but I've never experienced it first hand. The most important thing that you should look for is probably rate if you're comparing the same payment method between the two.