Review on LocalCoin DEX by Thalhat Tee
Another exchange gone❗
There is no much information about LocalCoin Dex, so most of my review will be based on personal Research on the exchange.LocalCoin Dex is a decentralized exchange which has also closed down and no longer performs any trading services. There is no sure news concerning the origin if the exchange. As a decentralized exchange, LocalCoin Dex was supposed to offer a secure and a safe trading platform for users to be able to sell and buy cryptocurrencies. Usually, decentralized exchange aren't supposed to face server downtimes since the servers are decentralized but it seems like this Exchange closed dowb due to server downtime. Before closing, the exchange had been recording a downtrend in its trading volume which might have also been a reason that pioneered the closure of the exchange. The Telegram group is still active but there is no longer any message from the admin coupled with the fact that the messages in the exchange are now spams and various affiliate links. Users should be careful of this exchange!!!
Pros
- It is a decentralized exchange
Cons
- The exchange is no longer accessible and useful
