LocalBitcoins.com is a full-fledged Bitcoin exchange, and part of their investor support includes a web-based wallet service. Investors' wallets are stored on LocalBitcoin's servers, and the information is stored both online and offline, meaning it's divided between devices that are connected to the Internet and those that aren't. Since online information is susceptible to hacking and possible theft, LocalBitcoin recommends (as do all digital currency service sites) that investors make sure to use multiple layers of security to protect their accounts. As such, they also recommend that investors shop around to find other wallets that suit their needs, if they so wish. Despite this recommendation, several thousand investors are more than happy with the wallet they provide Investors who use LocalBitcoin can also join their affiliate program, which generates income to affiliates who direct traffic to their services. Should you want to set up your own independent Bitcoin exchange, they'll help you with that, too—and partner up with you, as well.
Programmer Jeremias Kangas founded LocalBitcoins in 2012, and serves as the CEO of LocalBitcoins Oy, which is headquartered in Helsinki, Finland. The company offers several services to Bitcoin investors, including wallets, market statistics and information, which helps to make it one of the fastest-growing full-service digital currency companies in the world.