LocalTrade Review: Fast Facts to Consider

LocalTrade Review: Fast Facts to Consider

LocalTrade is a crypto exchange that acts as a tool for making money in the foreign exchange market. The project was registered in 2018. We have prepared our own Local Trade review to describe the principles of its work and evaluate this broker considering the reviews of real investors.

Quick LocalTrade Review

The website features educational videos promoting cryptocurrency investments on their platform. The administration promises big wins and even provides instructions for correct trading in the financial and crypto markets on the main page. The main currencies on this platform are the US Dollar (USD), Bitcoin (BTC), and Ethereum (ETH).

You can register with LocalTrade via email. Things are not that complicated when it comes to verification on the site. You will need to send a scanned copy of the document that will confirm your identity. The next step will be a selfie with the same document. The information is checked by the administration within 24 hours. It should be emphasized in the LocalTrade review that such security measures speak of the broker’s reliability and high responsibility.

Some Features of the Platform

On the site you can sell and buy cryptocurrency. You can top up your balance using a QR code. The project also offers dollar deposits via several fiat gateways. 

The platform is adapted for 13 languages, and its chat is also multilingual. Yet, despite the declared multilingualism, most of the information outside the trading panel is available in English only. 

The only security setting offered on the Local Trade website is two-factor authentication from Google.

Deposits and Withdraws on LocalTrade

You can deposit funds in the “Wallets” tab. All the currencies available on the platform are presented here, including:

  • American dollars
  • Bitcoin
  • Zcash
  • Litecoin
  • ATB Coin
  • DASH
  • Ethereum

There are “Deposit”, “Withdraw”, and “History” buttons against each currency. 

LocalTrade Exchange

The list of available currency pairs is displayed at the top of the screen. There are a little more than one hundred of them:

  • BTC/USD
  • LTC/USD
  • DASH/USD
  • EDR/USD
  • ETH/USD and others

A simple colored graph shows the change in the value of tokens per day as well as 7 or 14 days.

Tokens

You can get a LocalTrade token by investing BUSD in the DeFi Lab menu section. After you send BUSD, you will receive BEP20 tokens in your account for the BUSD value you sent. If you have not received it, you should contact the platform’s service team.

LocalTrade Advantages 

Close attention should be paid to the positive and negative aspects of any exchange. In this LocalTrade review, we’d like to highlight some benefits of the service:

  • Traders can buy coins for national currency.
  • They have the opportunity to trade little-known altcoins.
  • The mined coins can be easily transferred to the exchange.
  • Online chat with the support team is available.
  • Traders enjoy fast orders executions.
  • The exchange constantly adds new coins to the listing.
  • It arranges competitions and delivers various bonuses for newcomers.

Is It Worth Working with the LocalTrade Exchange?

Every experienced trader can attest to the fact that any financial instrument or exchange is imperfect. There is no universal platform suitable for everyone, but this does not exclude the availability of more convenient tools. LocalTrade experts confirm that trading is always risky, but they work to reduce and even prevent many common risks. The platform offers reliability, confidence, and security to all investors.

LocalTrade Reviews from Real Traders

Many users have never heard of such an exchange at all and, therefore, are in no hurry to trade on it. So, prior to deciding on whether to join it or not, we suggest reading the reviews of seasoned traders and making up your own independent opinion.

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