It has been more than 12 years since bitcoin, widely recognized as the first cryptocurrency, was introduced.
Cryptocurrencies opened doors for peer-to-peer (P2P) financial transactions without intermediaries.
Cryptocurrencies are the alternative to the unsustainable and traditional financial structures we have today.
They are a fairer, safer, and more inclusive option for people who want more financial security and control.
Cryptolocally is a P2P marketplace that keeps focusing on delivering this original mission of cryptocurrencies to as many people as possible.
HEADS UP!!
(Posted 7th July 2022)
Cryptolocally: The Best Decentralized P2P Trading Platform
Cryptolocally becomes the premier P2P trading platform as they continue to innovate in the industry.
They are among the first P2P marketplaces to leverage newer generation distributed ledger technology (blockchains or similar technology) to address scalability and high transaction fees.
These new generation DLTs are EOS, TRON, BSC, WAX, TLOS, and SOL.
Pegged-BTC (BEP2, BEP20) and Pegged-ETH (BEP2, BEP20) are also supported, allowing traders exposure to the top two cryptocurrencies in the industry.
These newer cryptocurrencies are also more environmentally friendly, requiring less electricity to mine.
The First Truly Decentralized P2P Platform
Even though their list of supported cryptocurrencies is already expansive, Cryptolocally regularly adds tokens that the community wants.
In fact, they are the first P2P exchange to adopt a decentralized governance system, meaning that they upgrade the platform as the community sees fit.
The community’s reach goes beyond listing cryptocurrencies.
They can decide on approvals, changes in existing policies, and more. Behind the scenes, the governance system works with $GIV,
Cryptolocally’s utility token. Users are empowered and encouraged to participate in the different decision-making activities in the ecosystem.
Non-Custodial Services
Unlike centralized exchanges, users are not required to deposit their cryptocurrencies into Cryptolocally.
Cryptolocally will never have access to a user’s funds – FIAT or crypto.
Instead, Cryptolocally offers its patent-pending smart contract escrow, non-custodial technology to facilitate trades between users.
The smart contract escrow ensures that both traders have an efficient and safe transaction.
User friendly, Secure, and Proven Trading System
Since its inception, Cryptolocally prided itself in giving its users the very best trading experience by giving them a simple yet powerful user interface.
With the new redesign, Cryptolocally became more intuitive for new users yet retained its robust trading flow.
Enjoy a more streamlined and effortless crypto experience.
Buying and selling cryptocurrencies cannot be any easier.
Users will just have to go through these three easy steps:
- Find or create an offer
- Open the trade
- Escrow and settlement
Done!
A more comprehensive guide is available here.
Vast Payment Options
Cryptolocally features one of the most comprehensive payment options in the entire cryptocurrency space.
It has over 50 payment methods in 180 countries around the world.
This flexibility helps you find or create the trade you want.
The Only Truly Decentralized P2P Platform with DeFi
The release of Earn wallet, previously known as Finance Wallet, enabled Cryptolocally to include DeFi features making it more accessible to everyone.
Their main aim is to help spread decentralized finance to more people regardless of their locations.
Through Earn wallet, Cryptolocally users can make their cryptocurrencies work for them by automatically allocating users’ funds to the protocol with the best return in real-time.
Earn wallet is powered by DeFi heavyweights like Compound, Aave, Maker, and Dy/Dx (through Idle).
Cryptolocally African Academy
Recently, Cryptolocally acquired Finance Bridge Academy, and now the Crypto Academy is a fast-growing African academy with the aim of providing quality education on cryptocurrency and trading and is free for all users of their platforms.
By giving free quality trading education, Cryptolocally hopes to equip traders with the necessary skills to succeed in trading crypto.
This would help break the barrier to entry of many newbie crypto traders who are reluctant to delve into crypto trading due to the lack of knowledge in handling this new asset class.
Stablecoins
To help users mitigate the risks associated with the high volatility of cryptocurrencies, Cryptolocally supports several of the largest and most popular stablecoins in the industry.
These include USDT, USDC, BUSD, and DAI.
Stablecoins are cryptocurrencies that are pegged to the US dollar, whose price is relatively stable.
A New Cryptolocally Platform Launches
The relentless pursuit of Cryptolocally to give its users the very best P2P trading experience has driven its developers to innovate at every turn.
The end result is a true decentralized peer-to-peer marketplace that is secure, agile, easy to use, and inclusive.
Its recent announcement of its first incubation project, GemsLab, and the acquisition and incorporation of Finance Bridge Academy into Crypotolocally African Academy serve as a strong testament to its ongoing success.
With more groundbreaking changes arriving soon, its developers have decided it is high time to deliver a foundational update.
Cryptolocally’s new website combines the key parts of its previous interface which many users have grown to love with a new intuitive design for a familiar yet refreshing trading experience.
Sign up to Cryptolocally and start trading cryptocurrencies with people in your local area.
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