- Peer-to-peer ETH-to-fiat marketplace
LocalEthereum strives to be the most secure and private marketplace that crypto has seen. It's one of the easiest and safest ways to swap ETH for fiat currency and vice versa.
Unlike other over-the-counter marketplaces, we’re the first to implement a completely in-browser cryptography setup to protect you off and on the blockchain.
The escrow account is a decentralized Ethereum smart contract. Rather than trusting a centralized authority to hold your ETH, LocalEthereum's escrow system is trust-free.
Every conversation is protected by strong end-to-end encryption to secure your privacy. We can only decrypt your messages if the key is volunteered; e.g. during a payment dispute.
Optionally, you can log in without a password by using a compatible Ethereum wallet. Most popular wallets including imToken, MetaMask and Ledger are compatible.
A couple of days ago, I was conversing with my twin brother about cryptocurrency. He is not really a crypto-enthusiast, but he believes these currencies can make the world a better place. He has always yearned to have a share in Ethereum but was unversed in how to buy it securely. We all know crypto-security is horrid. So I went ahead and assisted him to buy Ether using LocalEthereum and oh my God, he was completely surprised by how super-fast and efficiently the platform works. He could not believe he had obtained the Ether tokens in a few minutes, yet he had desired for them for over a year. It was lickety-split!
Even if some services are there, they also used to dictate with high exchange fees (10% or more), moreover such services are centralized. So that does not solve that problem for which cryptocurrency and blockchain was invented in 2009. So in order to facilitate buying and selling of cryptocurrency like ETH with other fiat currencies all across the globe a dapp called LocalEtherum was deployed on the top of Etherum chain in the year 2017.
One of the platforms created for easy buying and selling of cryptocurrency using a legal tender that can be identified and understood by even the dumbest of humans is the Local Ethereum.
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