Review on LocalCoinSwap by Pedro O. Alvino M.
Multiple custody P2P exchange
A decentralized P2P exchange offering a variety of payment methods, be it for the acquisition of various crypto assets including the main ones in the market and the native LocalCoinSwap (LCS) token globally and without intermediaries, where its design Simple facilitates the usability of its functions.
One of the first to apply multiple custody in a P2P exchange, it protects both the buyer and the seller, in addition the requirements to be able to enter the platform are few, in the KYC documentation it is not necessary, although some of the buyers or sellers may request some identification towards the consumer.
In terms of trading fees, the platform does not establish commissions, but if some fees for cryptocurrency withdrawals, which in this case is usually almost similar to some traditional exchange platforms, a fee of 1% is applied for each successful order in the platform.
The functionality of its characteristics in my opinion does not usually stand out, given the different payment methods it includes, but when it comes to reviewing the list of orders for an unusual payment method, orders are limited to one or none, in which it can also be reflected in some other common payment methods of the platform, which the number of users that the project has are very few, unlike other traditional P2P exchanges
Pros
- Global decentralized crypto exchange.
- Provides more than 250 payment methods on the platform
- Consists of good optimization for both mobile and desktop PCs
- Integrate several languages on the platform, such as English and Spanish
- One of the exchanges in implementing multiple custody.
- No required documentation is required to operate on the platform
- It has a personalization system for the purchase and sale of crypto assets
Cons
- The project's main token does not have continuous usability by users, in addition to being limited to few encryption exchanges, which is limited in its accessibility.
- The withdrawal fees that the platform has are a bit high
- There are already many P2P exchanges on the market.
- Cryptocurrencies accepted in addition to their native token, are very few
