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LocalMonero is a peer-to-peer marketplace facilitating the buying and selling of Monero (XMR) directly between individuals globally, emphasizing privacy and offering diverse payment methods.
LocalMonero.co operates as a dedicated peer-to-peer (P2P) marketplace for the cryptocurrency Monero (XMR), a digital asset known for its strong emphasis on privacy and fungibility. Unlike traditional centralized exchanges, LocalMonero connects buyers and sellers directly, allowing them to trade XMR using a wide variety of payment methods without the need for extensive identity verification (KYC/AML procedures). This approach aligns perfectly with Monero's core principles of privacy and decentralization, making it a preferred platform for individuals who prioritize anonymity and control over their financial transactions.
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What is LocalMonero.co?
LocalMonero.co is a peer-to-peer (P2P) marketplace where individuals can buy and sell Monero (XMR) directly with each other, emphasizing privacy and offering diverse payment options.
Do I need to verify my identity (KYC) to use LocalMonero?
No, LocalMonero prioritizes user privacy and does not require users to complete identity verification (KYC) procedures to buy or sell Monero on the platform.
How are trades secured on LocalMonero?
LocalMonero uses an escrow system to secure the Monero (XMR) during a trade. The XMR is held in escrow until both parties confirm the successful completion of the transaction.
What payment methods are supported?
LocalMonero supports a wide range of payment methods, including bank transfers, various online payment services, cash in person, gift cards, and even exchanges with other cryptocurrencies, depending on the seller's or buyer's offer.
What happens if there is a dispute during a trade?
In case of a dispute, LocalMonero provides a dispute resolution system where platform moderators can intervene to review the trade evidence and make a fair decision.