Due to increasing regulatory scrutiny, peer-to-peer (P2P) cryptocurrency markets are becoming the last bastion for individuals who want to buy, sell, and trade cryptocurrencies privately and securely. LocalCryptos is one of the best P2P exchanges out there, as it facilitates bitcoin, ethereum, and litecoin trades in more than 130 different countries using more than 40 payment methods. Formerly known as the LocalEthereum marketplace, LocalCryptos has rebranded to become a viable LocalBitcoins alternative and one of the best crypto P2P marketplaces out there.
LocalCryptos is a non-custodial exchange that lets you buy and sell Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) cryptocurrencies with other traders worldwide. It is a modern-looking platform with a growing community that enables private P2P cryptocurrency trading without having to compromise your security.
The key features of LocalCryptos include:
Non-custodial exchange. LocalCryptos does not store your coins and does not have access to your LocalCryptos wallet.
Non-custodial escrow service. Not only LocalCryptos does not store your coins but it is also the first platform to use the non-custodial escrow system.
Peer-to-peer cash trades. Trade directly with over 100,000 traders from all over the world via a variety of trading methods, including much desired private peer-to-peer cash trades.
End-to-end encrypted messaging. LocalCryptos puts your data privacy first. As a result, all of your chats and messages within the platform use end-to-end encryption. However, your messages can be decrypted and used as evidence in case of a dispute.
Low fees. LocalCryptos charges a 0.25% maker fee (the person who posted the offer) and a 0.75% taker fee (the person who responds to the offer).
Community voting for new cryptocurrencies. LocalCryptos is an evolving community and its users can vote for the new cryptocurrencies, suggest new features, and participate in other initiatives. Currently, the platform allows trading for Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
In brief, LocalCryptos is one of the best P2P exchanges out there. Privacy-preserving non-custodial escrow services are in great need during these times of “privacy wars,” and LocalCryptos is one of the leading services in this area.
Without a doubt, LocalCryptos is one of the most viable alternatives to the LocalBitcoins P2P trading platform. The platform is highly secure as it is non-custodial, offers end-to-end encryption and multi-currency support, is available in more than 130 countries worldwide, does not require any customer data apart from your wallet or email address and doesn’t even charge high fees.
The platform is still in active development, so you can expect many new features to be introduced in the future.