Hello my fellow PublishOxers and all the cryptocurrency enthusiasists from all over the globe. Cryptocurrency is one technology that has revolutionized the world and digitalised most money transactions in the world.
Blockchain technology remains to be one sophisticated digital ledger of the time. Blockchain technology is a decentralized secure public digital ledger which keeps a record of transactions across many computers. These records cannot be altered unless with alterations of all subsequent blocks and consensus of the network.
It is therefore necessary to employ the use of exchanges to move coins from one user to the other. These transactions are recorded in the ledger.
It is on this backdrop that we have many exchanges to facilitate transfer of cryptography from one person to another or groups. The transactions are done using special wallets. A wallet is a group of numbers and letters in the lower and upper cases. These wallets receive and dispatch crypto. A bitcoin wallet cannot receive or exchange Ethereum wallet and vice versa. The same applies to the other coins.
We have localcrypros!
What is localcryptos? It is a peer to peer marketplace which is localized to facilitate acquiring of cryptocurrency, transferring them and trading between cryptocurrency and local currency.
Localcryotos deals in bitcoin, ethereum, Litecoin and a few others. All the peer to peer transactions are done through Escrow.
How to transact
One goes to browser and browses for buyers or sellers of what they have. Let's say you have bitcoin and you want local fiat. You first search for a buyer. The buyer who offers much is the most preferable. Yet one has to know if the buyer accepts the amount you want to sell. You then fill the bitcoin in the escrow and wait for the buyer. You can't sent each other messages. When the buyer sees bitcoin in escrow, he pays you through bank or any method agreed upon. You then release escrow.
Similar method is used when changing fiat to crypto.
Actually there is room to transfer cryptography and also you can swap cryptocurrency.
Localcrypto is legit and easy to use.
Thank you for reading.
