LocalCoinSwap vs Paxful

LocalCoinSwap vs Paxful Comparison Table 2024
LocalCoinSwap	Paxful
Review 1.3	Paxful has closed.

LocalCoinSwap is a DeFi cryptocurrency exchange offering P2P trading on a range of popular tokens. The firm offers both custodial and non-custodial services and has become popular among global crypto traders looking for flexibility. With that said, there are some safety concerns around DeFi exchanges like LocalCoinSwap.	Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.
Comment by Reviewer
"LocalCoinSwap could suit beginner crypto investors willing to buy, sell and trade tokens on an unregulated exchange. We found the platform user-friendly and you can remain anonymous."
Pros
Impressive range of 300 payment methods including crypto transfers, bank transfers, credit cards and PayPal Custodial or non-custodial transactions available giving traders full control Decent educational resources and guides suitable for beginners 24/7 customer support via online request form Two-factor authentication for added security You can trade anonymously Escrow protection
Cons
Not the most competitive fees compared to similar firms Mobile app only available on Android devices No regulation and limited fund protection No demo account for prospective users Security relies on the chosen trader
Instruments
Cryptos	Cryptos
Demo Account
No	No
Minimum Deposit
$0	0.005 BTC
Trading Platforms
Own	Own
Payment Methods
Bitcoin Payments PayPal TransferWise Wire Transfer	American Express Bitcoin Payments Credit Card Debit Card Ethereum Payments Google Wallet Mastercard Neteller PayPal Przelewy24 Skrill Visa Wire Transfer
Minimum Trade
$0	$10
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
Yes	Yes
Spot Trading
No	Yes
Mobile Apps
No	Android & iOS
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
	USD EUR GBP
Cryptocurrency
LocalCoinSwap offers a small range of crypto tokens such as Paxos and Cello, although the selection is not as wide as competitors. On a lighter note, traders can choose from a strong selection of 300+ payment methods and the platform is easy to learn and use.	Paxful offers buying and selling of the world's leading cryptocurrencies.
Spread
N/A	Rates set by vendors
Coins
BTC ETH USDT KSM DOT DASH USDC DAI PAX LCS	BTC ETH USDT
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Paxful has closed.
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