[5] Users posted advertisements on the website, where they stated exchange rates and payment methods for buying or selling bitcoins.

The website started generating revenue by the beginning of 2013, and in 2020 there was an average of 29,566 successful trades per day.

[7] In 2018, LocalBitcoins headed the list of best financially performing companies in Finland arranged by the local specialized publication Kauppalehti.

In November 2019, LocalBitcoins.com got registered as a Virtual Currency Provider by the Finnish Financial Supervisory Authority.

[15]: 207  The site used an escrow system, and the transfer of bitcoin was made after funds were received in the sellers account.