Due to the rapid growth in the popularity of cryptocurrency trading, a lot of digital platforms have appeared, offering a variety of assets, including crypto, to everyone who wants to trade and earn some money. With so many options available, traders face the very difficult task of choosing the most effective platform. It is especially true for beginner traders who do not have sufficient experience. They are in a dangerous situation because each exchange has both advantages and disadvantages. It is for this reason that we want to provide a detailed LocalTrade review exploring an exchange that claims to be among the most trustworthy ones.
Fast Facts on LocalTrade
LocalTrade is an international platform founded in 2018 and offering services for cryptocurrency trading. The site has acquired a positive reputation among traders, confirmed by numerous reviews from satisfied users. It is an open exchange, so anyone can take part in trading. The interface is available in seven languages, which simplifies the trading process for users from different parts of the world.
The Main Advantages of the LocalTrade Crypto Exchange
- low commission on trading operations (0.2%)
- the possibility to deposit fiat money into an account
- multilingual user interface
- no need to go through verification when withdrawing funds
Another important advantage is the responsive support service, which quickly provides answers to user questions in multiple languages.
A Brief Overview of the Interface
The user interface of the LocalTrade trading platform is quite straightforward. The main page contains links to the platform’s accounts in social networks, information about current cryptocurrency rates and pairs available for trading, and a chat to get in touch with the support service. In addition, the main page gives access to a set of tools for trading cryptocurrencies.
The Registration Process and Security Settings
Registering on the Local Trade exchange is fast and does not require special knowledge. To create a trading account on the platform, you need to enter your email and set a password. Then, you should check the box to agree with the trading rules and confirm your email address. After completing these steps, the user can start trading on the cryptocurrency exchange.
For additional security of the trading account, we strongly recommend deploying two-factor authentication with the help of the 2fa application. It doesn’t take too long to configure — just install the application on your portable device, scan the QR code, and receive an additional authorization code by email. This will allow you to secure your trading account from unauthorized access.
One of the main advantages to emphasize in this LocalTrade review is that there is no need to undergo verification when withdrawing funds up to 1 BTC. This platform offers opportunities for making real money easily and quickly.
Depositing/Withdrawal of Funds and Commissions of LocalTrade
To top up a trading account, a trader has to go to the “Wallets” section and select the currency in which he or she wishes to deposit funds. You can deposit funds from several payment systems, or crypto wallets.
The procedure for withdrawing funds is also quite simple. You need to specify the data of your electronic wallet to withdraw cryptocurrency. Deposits and withdrawals on this platform are performed quite quickly and without delays.
Important Data Derived from the Local Trade Review
One of the leading modern cryptocurrencies with which you can start earning is Ethereum. This is the opinion of financial analysts at the Local Trade exchange. Such conclusions are made based on Ethereum trading data over the past few years. The fact you may learn from our Local Trade review is that this cryptocurrency is generated by the energy of a trader’s gadget. Currently, the minimum investment is $0.01, with a 0.2% commission.
Is It Safe to Work with LocalTrade?
Each trader has a fairly diverse experience with different exchanges, both positive and negative, unfortunately. Novice traders need to understand that there is no one-size-fits-all platform. However, there are many convenient and secure services that you can trust. The creators of LocalTrade know all the risks associated with financial transactions and trading, but the team of experienced professionals works to reduce and even prevent devastating risks. It offers reliability, confidence in the future, and a sense of security.
Traders’ Feedback on LocalTrade
Of course, starting to invest in cryptocurrency is not as easy as it seems. You may have doubts we failed to dispel within the current LocalTrade review. Therefore, it is recommended that you familiarize yourself with the reviews of exchange traders and determine the strengths and weaknesses of the platform by yourself.