LocalCoinSwap describes itself as a community-owned, peer-to-peer (P2P) cryptocurrency exchange that connects people from all around the world to buy and sell a variety of the most popular cryptocurrencies. As there is no KYC or ID verification required to get started, trading is reportedly fast, secure and private. After creating a free trade advertisement, users can reportedly start trading locally or internationally with people, established businesses, and OTC cryptocurrency brokers worldwide.

LocalCoinSwap currently supports P2P trading across a host of cryptocurrencies. It reportedly supports 250+ payment methods including cash, bank transfer, Zelle Pay, Skrill, international wire, Paypal, cash deposits, Western Union, Amazon gift cards, iTunes gift cards, and 160+ fiat currencies. The team claims that its availability in 190+ countries makes it the largest selection of currencies available on any P2P platform worldwide.

LocalCoinSwap claims to offer 24/7 customer service and a revenue-sharing model that uses 20% of the platform trade fee revenue to buyback and subsequently burn their native LCS token.