United Kingdom of Great Britain and Northern Ireland
P2P
Since 2024
Launched in May 2017, Liberalcoins is a P2P trading platform for BTC and Altcoin aiming to introduce a more localized trading solution while becoming a major competitor for LocalBitcoins. With Liberalcoins, users can trade different cryptocurrencies for various payment methods and transact both locally and internationally. To ensure funds security, the platform has a built-in escrow system.
Since its launch, Liberalcoins has improved its interface, making the platform fairly easy to use for anyone. However, the exchange is only recommended to those who fully understand how P2P trading systems work. Also, as with any hot storage exchange, it would be safer to use the wallets provided by the platform for transacting and not for keeping long term savings.
Crypto Currencies Support
Language Support
- English
Country Support
- Australia
- Canada
- China
- European Union
- Hong Kong
- Japan
- Most Africa
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Norway
- Russian Federation
- Singapore
- Switzerland
- Turkey
- United Kingdom of Great Britain and Northern Ireland
- United States of America
Platforms Systems
- Web Interface
Liberalcoins allows users to set up 2FA and a private additional password. They state that the built-in escrow strengthens further the security of users' funds. The platform has been validated by Symantec, a cybersecurity software and services company that is said to perform daily security checks for Liberalcoins. In December 2017, the exchange also added a reputation import system for traders.
Summary:
Security Features:
- SSL
- Protection from DDoS attackes
- Regular Auditing Programs
Liberalcoins Incorporated is a company founded by Simon Lange and registered on the British Virgin Islands, an established UK dependency chosen for reducing bureaucracy. Their official site also mentions Allan Lange as CFO, but other than that there is little information about the team. They do state that the exchange is focused on users' privacy and security.
Summary:
Liberalcoins stands out through its aim of providing a balance between security and privacy, as the two sometimes conflict. By having the business registered in BVI and servers located in the Isle of Man, Liberalcoins boasts top data protection and appeals to traders who care about privacy. However, hot storage might put off users who want to trade large amounts at once.
Deposit/Withdrawal Options:
Send/Receive Crypto, FIAT payments are agreed between users and don't involve the platform
Functionality:
Liberalcoins acts as a bridge between buyers and sellers. The platform itself only supports crypto coins, but peers can agree upon any method of payment, from wire deposits and various electronic systems to physical cash and even Amazon GiftCards. The exchange is rather new and local trading is determined by whether there are registered traders in your geographical area or not.
Most common
customer complaint:
Poor customer support
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