Our list of the 5 best cryptocurrency exchange and trading platforms starts with a bit of an untraditional exchange, LocalBitcoins. LocalBitcoins is a peer-to-peer Bitcoin exchange where people can post ads when they want to buy and sell Bitcoins and the platform acts as an escrow between the parties. LocalBitcoins offers a lot of privacy and doesn’t require ID verification and personal information. While this may serve as an advantage in some respects, it also allows scammers, but the parties may agree on terms so the buyer or seller can ask for proof of identity. In addition, the platform takes a fee of 1%, which makes it cheaper than alternatives and it is available in many countries and allows paying in most currencies and payment methods.