At LocalBitcoins.com, people from different countries can exchange their local currency to bitcoins. The site users post advertisements where they state exchange rate and payment methods for buying or selling bitcoins. You reply to these advertisements and agree to meet the person to buy bitcoins with cash, or trade directly with online banking. Bitcoins are placed in LocalBitcoins.com web wallet from where you can pay your bitcoin purchases directly.

Mr. Jeremias Kangas, the founder and CEO of LocalBitcoins.com is a programmer and an entrepreneur. He started working on LocalBitcoins.com early 2012 when bitcoin was still far from the mainstream. One year later, the bitcoin broke the bank in big media and suddenly was everywhere. During this period, LocalBitcoins.com had grown to be one of the largest decentralized bitcoin exchange sites.

Jeremias Kangas, with his brother, gathered team of Internet technology specialists and participated in Startup Sauna, one of the world leading startup acceleration programs.

Later, LocalBitcoins Oy Corporation was established to be the parent company of LocalBitcoins.com operations.