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Service review / 2026
P2P ExchangesService profileEst. 2017

LocalMonero review

Former leading P2P Monero marketplace, wound down in 2024

Closed Reviewed 22 Oct 2026 Service details

No longer operating

Wind-down announced in May 2024; the site was taken offline in November 2024.

The overview

The essentials, at a glance.

LocalMonero was a P2P exchange and is no longer operating. Wind-down announced in May 2024; the site was taken offline in November 2024.

About LocalMonero

LocalMonero was for nearly seven years the best-known peer-to-peer marketplace for buying and selling Monero for cash, bank transfers and other payment methods, with trades protected by a platform-held arbitration bond. The operators announced in May 2024 that the service would wind down, citing unspecified internal and external factors, and the site was taken offline in November 2024. The official domain now shows a closure notice stating that the platform is offline and that its knowledge-base articles are preserved through the Internet Archive. The reasons for closure were never stated in detail by the operators.

Cite this review or read as plain text

NoKYC Score, "LocalMonero review", reviewed 22 Oct 2026, https://nokycscore.com/service/localmonero

Open plain-text review ↗

The feature review

Privacy, without the guesswork.

4 / 16 features confirmed1 warning in the recorded terms

Identity

1 / 4 confirmed
  • ID never requiredNot stated

    The terms rule identity checks out, or the design makes them impossible.

  • No account neededNot stated

    Usable without creating an account, or the account is only a random number.

  • No email neededYes

    An email address is not required to sign up or use it.

  • No phone numberNot stated

    A phone number is never required.

Payment

2 / 3 confirmed
  • Accepts MoneroYes

    Monero hides sender, receiver and amount, so the payment cannot be traced to you.

  • Accepts LightningNot stated

    Bitcoin Lightning payments: fast, cheap and more private than on-chain.

  • Accepts cashYes

    Cash by post or in person: no bank and no blockchain record.

Access

0 / 2 confirmed
  • Tor onion addressNot stated

    An official .onion address, reachable only through Tor.

  • Works without JavaScriptNot stated

    Core functions work with scripts disabled, as in Tor Browser on its safest setting.

Trust

1 / 7 confirmed
  • Never holds your fundsNo

    The operator never controls user funds, so it cannot freeze them.

  • Refund without IDNot stated

    The terms commit to refunding a stopped order without identity documents.

  • Escrow it cannot spend aloneNot stated

    Trades are protected by multisig or hold-invoice escrow.

  • Open sourceNot stated

    The code that matters is public and can be inspected.

  • Independent auditNot stated

    A third party audited the code or the no-logs claim, and the report is public.

  • Company namedNot stated

    The operating company and its jurisdiction are published.

  • 5+ years operatingYes

    Has operated continuously for five years or more.

Warnings

1 flagged
  • May ask for IDNot in terms

    The terms reserve the right to demand identity documents, often after a risk flag.

  • Screens depositsNot in terms

    Deposits are scored by blockchain analytics; a flag can freeze them.

  • Holds your fundsYes

    The operator controls user funds while they are on the platform.

  • Email requiredNot in terms

    An email address is required to use the service.

  • Phone number requiredNot in terms

    A phone number is required to use the service.

  • Closed sourceNot in terms

    The code is not public, so its behaviour cannot be checked.

  • Nobody accountableNot in terms

    No company or person is publicly responsible for the service.

“Not stated” means the service’s own pages do not say. Expand a group to see every check.

The track record

Incidents 1

Report an incident

high

Shutdown

Announced wind-down citing internal and external factors

LocalMonero announced in May 2024 that it was winding down, citing a combination of unspecified internal and external factors. New sign-ups and trade postings were disabled first, and the site was taken offline in November 2024, giving users about six months to complete trades and withdraw. The official domain now shows a closure notice. The operators did not explain the decision further; press coverage inferred regulatory pressure.

Service closed Source: decrypt.co ↗

Community experience

What users are saying 0

Reviews never change a grade. Reviews with a transaction reference are marked.

Have you used LocalMonero?

Be the first to share your experience. Useful details help the next person decide.

What to use now that LocalMonero is gone

All alternatives →

LocalMonero: common questions

Is LocalMonero still operating?

No. Wind-down announced in May 2024; the site was taken offline in November 2024. See the alternatives listed on this page.

Listing history

  • Listing added. Facts and KYC level set from the service's own terms and documentation.
  • Incident recorded: Announced wind-down citing internal and external factors