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Review on LocalCoinSwap by I am Goldiblocks
The LocalCoinSwap project is an example of how crypto should function. Profits…
The LocalCoinSwap project is an example of how crypto should function. Profits are distributed to the crypto community and they are a peer-to-peer network which is much closer to Satoshi's vision than centralised exchanges which are just acting as large monopolies. The project is also currency agnostic so they are promoting the use of all cryptocurrencies that help people earn a passive income through their cryptocurrency dividends. The team are highly communicative and provide a lot of feedback on their activities and progress.
Pros
- I particularly love this project as most P2P exchanges only deal with a single cryptocurrency, yet LocalCoinSwap allows you to buy or sell any of over 20+ cryptocurrencies with more on the way. You can also trade with No KYC which allows more people to take part in crypto, especially people without a bank account or access to identification documentation. LocalCoinSwap is also the world's first community-owned P2P exchange as all they give 100% of all profits from the exchange back to the community in the form of quarterly dividends.
Cons
- Liquidity is a problem for all exchanges due to the bear market however P2P exchanges are
