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Author Topic: What do you think about LocalCoin DEX exchange?  (Read 159 times)
lindin99 (OP)
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November 22, 2019, 12:36:51 PM
Last edit: November 24, 2019, 06:32:13 AM by lindin99
 #1

What do you think about LocalCoin exchange?  please share your experience - is it  secure? I heard that they operate  in a decentralized way, without a central authority
https://localcoin.is/
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November 22, 2019, 12:42:11 PM
 #2

What do you think about LocalCoin exchange?  please share your experience - is it  secure? I heard that they operate  in a decentralized way, without a central authority
https://localcoin.is/#download


I have not been able to provide this Localcoin exchange, it is safe to trade there, I have never tried it there, see data from Coinmarketcap https://coinmarketcap.com/exchanges/localcoin/ data is not displayed so I hope you should be on that ever try it.

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November 22, 2019, 12:49:28 PM
Merited by Oilacris (1)
 #3

What do you think about LocalCoin exchange?  please share your experience - is it  secure? I heard that they operate  in a decentralized way, without a central authority
https://localcoin.is/#download


According to their roadmap, it should be on the 4Q of this year for their OTC release but it seems no progress*. And looking at their bounty thread, it looks like the payout was just made several weeks ago.

They have a large number of members in their Telegram group. You can ask the details there.

Anyways, yours to decide: https://bitcointalk.org/index.php?topic=5135210.0 - but again, you may visit their Telegram group.

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Jating
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November 22, 2019, 01:00:56 PM
 #4

I think you should know that there's no such thing as 'secure' here in crypto sphere. Sooner or later those cyber criminals will fight an exploit.

Anyways, I can't give you an honest opinion because I haven't trade on that platform, but maybe you can follow their ANN thread here, 🧿[ANN]✅LocalCoin.is-Decentralized P2P & OTC EXCHANGE TRADING PLATFORM✅. Maybe you can direct your queries there.
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November 22, 2019, 04:00:43 PM
 #5

What do you think about LocalCoin exchange?  please share your experience - is it  secure? I heard that they operate  in a decentralized way, without a central authority
https://localcoin.is/#download


Looks like an interesting exchange. Lots of extraordinary claims on their Bitcointalk thread: https://bitcointalk.org/index.php?topic=5125670.0

The exchange Twitter page says the it's erc20 based exchange, meaning it's limited to Ethereum tokens, right?
I wonder how truely decentralized the exchange is though ... this interests me the most.
It doesn't have alot of reviews on the internet unfortunately.  You probably should go through the exchange Bitcointalk thread to guage the opinion of genuine users about the exchange quality of service.
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November 22, 2019, 05:04:19 PM
 #6

Take this suggestion below if you are really serious on tending to use up this exchange.For sure majority of people here isn't aware on this one.
Link given above do directly shows the download stuff which I recommend that we shouldn't carelessly download randomly even if its tagged on exchange matters.

According to their roadmap, it should be on the 4Q of this year for their OTC release but it seems no progress*. And looking at their bounty thread, it looks like the payout was just made several weeks ago.

They have a large number of members in their Telegram group. You can ask the details there.

Anyways, yours to decide: https://bitcointalk.org/index.php?topic=5135210.0 - but again, you may visit their Telegram group.

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November 24, 2019, 12:07:05 PM
 #7

 dont heard about the localcoin exchange but you are correct about your where abouts  . decentralized exchange really work independently or without a central authority  .

 that simple means that dex exchange are good because they are free from manipulations or also on kyc  . you can trade anonymously with them but this still wont mean that they are safe/secure   .  you must still do your own research about the exchange itself .
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November 24, 2019, 05:01:46 PM
 #8

As per their road map still they didn't launch their exchange for public usage so you can't use them until they announce their launch.

if you take a look at their roadmap and it says there that the DEX exchange will be launched on February 2019.

What do you think about LocalCoin exchange?  please share your experience - is it  secure? I heard that they operate  in a decentralized way, without a central authority
https://localcoin.is/


i already heard about this project but i don't interested to use this because the trading volume is very low and the price for each coin too.

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November 26, 2019, 12:58:56 PM
Last edit: November 26, 2019, 02:09:50 PM by Cherylstar86
 #9

As per their road map still they didn't launch their exchange for public usage so you can't use them until they announce their launch.If it is decentralized then it is suppoed to be best exchange but not all the exchanges claims that they are DEXs are not completely DEXs so let's wait for the reviews and the use it.

As time passed by since market is still bearish and some already planned become change like they extend. Nowadays, there are a lot of projects have experience the difficulties to launch as they just leave a message and the user have nothing to do but wait the exact date or day for the next move of the team.
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