LocalBitcoins is the simple peer-to-peer based exchange that allows it’s users to purchase cryptocurrency from each other. It might be useful for quick transactions, but one should be careful to not lost his coins. In the beginning, the name of this exchange means that it is a local Bitcoin exchange, allowing people to exchange money to bitcoin and vice versa.
However, LocalBitcoins is a great Bitcoin exchange website for the users that are concerned about the privacy of their identity. They can purchase Bitcoin, Ethereum and other coins without linking their data to the exchange’s servers.