LocalCoinSwap review
LocalCoinSwap, operated by TechHouse Ltd, is a peer-to-peer marketplace for coins such as BTC, ETH, USDT, and USDC, with more than 300 payment methods. An account is needed, but no ID is required by default. KYC documents can be necessary in disputes, for suspicious activities, or upon request from regulators or law enforcement. Refusing them can cost you your account or disputes. Trades are settled through a multisig escrow, with LocalCoinSwap holding a signing role in dispute cases. Payments must be made from and to accounts in your own name, and offer creators pay 1% per completed trade. In our view, LocalCoinSwap suits traders who want escrow on stablecoin trades.
ID only if flagged
LocalCoinSwap asks for ID only if a payment is flagged, per its own pages. You hold the keys.
Choose LocalCoinSwap if
Who LocalCoinSwap suits, from the values on this page.
LocalCoinSwap suits you if
- You want no ID for normal use: LocalCoinSwap asks only if a payment is flagged.
- You want to keep your own keys: on LocalCoinSwap, you hold the keys.
LocalCoinSwap might not be the right fit if
- You want a market that can never ask for ID: LocalCoinSwap can ask if a payment is flagged.
- You do not want an account: LocalCoinSwap needs one.
- You want Monero: LocalCoinSwap does not list it.
- You want Lightning: LocalCoinSwap does not support it.
Inside LocalCoinSwap
- Platforms
- Web platform installable as a home-screen web app on Android, iPhone and desktop; public API
What you get with LocalCoinSwap
Yes, no or partly, from our dataPrivacy 0 of 6, 1 partly
- No IDPartlyIf a payment is flagged
- No accountNo
- Tor built inNot statedNot statedLocalCoinSwap's own pages we checked do not say. This is not the same as no.
- Onion addressNoNone published
- I2P addressNoNone published
- Works without JavaScriptNot statedNot statedLocalCoinSwap's own pages we checked do not say. This is not the same as no.
Coins 1 of 4
- BitcoinYes
- MoneroNo
- LightningNo
- ZcashNo
Custody and code 1 of 4
- You hold the keysYes
- Open sourceNot statedNot statedLocalCoinSwap's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no.
- Reproducible buildsNot publishedNot published
- Address screeningNot statedNot statedLocalCoinSwap's own pages we checked do not say. This is not the same as no.
When can LocalCoinSwap ask for your ID?
If a payment is flagged, per LocalCoinSwap's own pages. Labels come from each provider's terms, never from our guess.
- 1Never, by designNo company holds your order, so nobody can ask
- 2Only if you chooseID only for extras you opt into
- 3If a payment is flaggedLocalCoinSwap is on this stepNo ID by default; checks when a risk system flags you
- 4Above a limitID once you pass a stated amount
- 5AlwaysID before you trade, deposit or withdraw
If a check comes and you do not pass it
Refusal can lead to account suspension or termination, denial of dispute resolution or cancellation of trades; LocalCoinSwap says it cannot freeze crypto, but in disputes it decides by signing or withholding its escrow signature
“Failure to comply may result in suspension or termination of your account, denial of dispute resolution, or cancellation of trades.”
What triggers a check: Dispute resolution; suspicious or potentially fraudulent activity; requests from regulators or law enforcement authorities; company accounts (company verification required)
Not stated on LocalCoinSwap's pages: fee on refusal, refund policyLocalCoinSwap's own pages we checked do not say. This is not the same as no.
- If a trade goes wrong
- LocalCoinSwap support may provide dispute tools; in a disputed trade users must answer support within 12 hours or may lose the dispute
- How trust works
- Trade count and other account metrics shown to other users; feedback on trades; spoof trading to inflate reputation is banned
Checked October 22, 2026
What LocalCoinSwap costs
| What | LocalCoinSwap |
|---|---|
| Trade fee | Offer creators pay 1% per completed trade (minimum 0.000025 BTC for BTC); takers free; network fees for withdrawals |
| No-ID limit | Not statedLocalCoinSwap's own pages we checked do not say, checked Oct 14, 2026. This is not the same as no. |
- Ways to pay
- Number stated on the home page; the list itself was not fetched
- Typical time
- Set per offer: the payment window is part of the offer terms and cannot change once a trade starts
What LocalCoinSwap knows about you
Who sees what during a trade, and who runs it.
During a trade
No ID check does not make a bank payment private.
Network and who runs it
- Governance
- TechHouse Ltd, Saint Kitts and Nevis (company)
- Requests from authorities
- KYC and AML documents can be required, among other cases, on requests from regulators or law enforcement
- Warrant canary
- Not published
Checked October 22, 2026
Track record and code
None found.
Incidents
None found
- Audits
- Not published
- Bug bounty
- Not published
- Support
- Support portal; email [email protected]; 24x7 support (stated)
- Wallet needed
- No: trades settle to user-controlled wallets; the site offers its own non-custodial wallet
Checked October 14, 2026
Community
Discussions about LocalCoinSwap on Reddit (opens in a new tab) (r/LocalCoinSwap)
More facts we checked on LocalCoinSwap
- Coins listed
- Count: 14; listing: BTC, LTC, ETH, USDT, USDC, DAI and LCS on Ethereum; BNB, USDT, USDC and DAI on BSC; TRX and USDT on Tron
- Networks
- Bitcoin; Litecoin; Ethereum (ERC20); BNB Smart Chain (BEP20); Tron (TRC20)
- Log retention
- No fixed period: data kept as long as the purpose requires (contract data until the contract is performed)
- Onion address
- Not published
- I2P address
- Not published
- Security deposit
- Not published
LocalCoinSwap in the US and elsewhere
In the US
US availability: Available
- Blocks US IPs
- Terms: the US is not on the restricted list; US-sanctioned jurisdictions are
- VPN clause in terms
- No: VPNs, proxies or spoofing must not be used to get around the restricted-jurisdiction rules
If you are a US person, US sanctions rules apply to you whether or not a service asks for ID.
Outside the US
Where LocalCoinSwap does not serve
23 places in its terms
Belarus- Burundi
- Central African Republic
Democratic Republic of the Congo
Cuba
India
Iran
Iraq
North Korea- Lebanon
Libya- Mongolia
- Nicaragua
Russian Federation- Somalia
South Sudan
Sudan
Syria- Venezuela
- Yemen
- Zimbabwe
- jurisdictions under comprehensive US, EU, UN or UK HMT sanctions
- any other jurisdiction LocalCoinSwap designates
Show all 23 places+17 moreShow fewer
Regional rule: Not statedLocalCoinSwap's own pages we checked do not say. This is not the same as no.
- Site blocks by region
- Restricted jurisdictions include Belarus, Cuba, India, Iran, Iraq, North Korea, Lebanon, Libya, Mongolia, Nicaragua, Russia, Somalia, South Sudan, Sudan, Syria, Venezuela, Yemen, Zimbabwe and others; access from them must stop
Where you live and the provider's terms
Many services on this page do not serve every country. Some exclude people because of where they live or their citizenship, not only where they connect from. Read the provider's terms before you send funds. If the terms exclude you, do not use the service, and do not try to get around the restriction, for example with a VPN.
Taxes
A service that does not ask for ID does not change your taxes. In the US, the federal income tax return asks a yes-or-no question about digital assets, and you must report digital asset transactions whether or not they result in a gain or loss. In the UK, you may owe Capital Gains Tax when you sell, swap or spend crypto, and you must keep your own records. Rules in other countries differ.
No KYC is not anonymity
"No KYC" here means the provider says it does not ask for ID in the cases its terms describe. It does not make you anonymous. LocalCoinSwap's terms say it can ask for ID in these cases: Dispute resolution; suspicious or potentially fraudulent activity; requests from regulators or law enforcement authorities; company accounts (company verification required). Regulated exchanges you send funds from or to may have to collect information about who sends and who receives a crypto transfer. Your tax duties stay the same.
Funds can be held
If a provider asks for more information during a swap or a withdrawal, it may hold your funds until it gets it. Its terms decide what happens next. In the UK, a crypto business that asks for information on a transfer to or from a self-custody wallet, and does not receive it, must not pass the funds on. Read what the provider's terms say before you send. LocalCoinSwap's terms say that if a check is requested and not completed: refusal can lead to account suspension or termination, denial of dispute resolution or cancellation of trades; LocalCoinSwap says it cannot freeze crypto, but in disputes it decides by signing or withholding its escrow signature.
Checked October 22, 2026
P2P markets to compare with LocalCoinSwap
Active P2P markets from our list. The shield shows each one's ID rule from its own terms.
LocalCoinSwap side by side
From our privacy data, the same fields for every market| What | LocalCoinSwap | Bisq | RoboSats | lnp2pBot | Mostro | RetoSwap |
|---|---|---|---|---|---|---|
| ID rule | ID only if flagged | No ID, by design | No ID, by design | No ID, by design | No ID, by design | No ID, by design |
| Account | Needed | None | None | Needed | None | None |
| You hold the keys | Yes | Yes | Yes | Yes | Yes | Yes |
| Monero | No | Yes | No | No | No | Yes |
| Lightning | No | Yes | Yes | Yes | Yes | No |
| Open source | Not stated | Yes | Yes | Yes | Yes | Yes |
Checked October 23, 2026
Short answers about LocalCoinSwap
From the data on this page.
Does LocalCoinSwap ask for ID?
LocalCoinSwap asks for ID only if a payment is flagged, per its own pages. You need an account.
Who holds your coins during a LocalCoinSwap trade?
You hold the keys. Escrow-multisig: on-chain multisig scripts (Bitcoin) or smart contracts (other networks) with user-held keys; LocalCoinSwap holds a signing role used to resolve disputes.
Can you buy Monero on LocalCoinSwap?
No. LocalCoinSwap does not list Monero, per its own pages.
What does LocalCoinSwap cost?
Trade fee: Offer creators pay 1% per completed trade (minimum 0.000025 BTC for BTC); takers free; network fees for withdrawals.
Who checked this page
Sources, how we read the terms and our process
Sources
- localcoinswap.com, for status, bitcoin, onion address, ways to pay and wallet needed, checked October 22, 2026
- localcoinswap.com/app, for platforms, checked October 22, 2026
- localcoinswap.com/fees, for fees, checked October 22, 2026
- localcoinswap.com/privacy, for data collected, support, log retention, onion address and I2P address, checked October 22, 2026
- localcoinswap.com/supported-cryptos, for Monero, Zcash, Lightning, I2P address, coins listed and networks, checked October 22, 2026
- localcoinswap.com/terms-of-service, for ID rule, what triggers a check, what happens if a check fails, custody, custody in detail, account, operator, excluded countries, US availability, if a trade goes wrong, how trust works, typical time, governance, requests from authorities, warrant canary, audits, bug bounty, blocks US IPs, VPN clause in terms, site blocks by region, What your payment reveals and security deposit, checked October 22, 2026
How we read the terms
We do not give privacy services a score. We record what each provider's own pages say: when it asks for ID, the limits, who holds your coins and what it costs. Labels come from each provider's terms, never from our guess. How we read the terms
Our process
We take fees, availability, licenses and coin counts from primary sources: LocalCoinSwap's own fee schedules, terms and help pages, and the public registers kept by regulators. Every value carries the date we last checked it. The values on this page were checked on October 22, 2026.
Not legal or tax advice. This page explains how these services work and what their own terms say. It is general information, not legal, tax or financial advice. Rules differ by country and change often. Check the rules where you live, or ask a qualified professional, before you use any service listed here.