LocalCoinSwap vs Paxful

LocalCoinSwap vs Paxful Comparison Table 2024
LocalCoinSwap Paxful
1.3

LocalCoinSwap is #30 in our crypto broker rankings.

Paxful has closed.
United States Flag Traders from US accepted
United States Flag Traders from US accepted

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
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
Paxful has closed.
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