Local Bitcoins is not a traditional third party exchange. Rather, it is a platform where individuals can buy and sell Bitcoins in their own local currency. You can purchase Bitcoins through this system using online payment systems, or even cash, making Local Bitcoins a truly unique Bitcoin exchange.
With Local Bitcoins you are dealing with actual humans, not a central stock exchange type trading site. Your trade is directly between you and another person, making your sale or purchase very quick and affordable. Local Bitcoins supports ALL payment methods approved by the local community, and even offers escrow service to protect the buyer. Your Bitcoin purchases are delivered in mere minutes on Local Bitcoins.