Unexpectedly, but very confidently, cryptocurrency burst into the world of investment and speculation. Just 8-10 years ago, not many people knew about Bitcoin and other cryptocurrencies. Now the situation is completely the opposite. Almost everyone knows what it is, but nearly 95% of these people don’t learn how to trade crypto properly. Some don’t even know what a crypto exchange is and what it’s for. Speaking of crypto exchanges, many of these platforms have positive qualities that make them users’ choices. But not all of these exchanges are notable for their stability, which cannot be said about LocalTrade crypto exchange.
At the moment, crypto exchange LocalTrade is one of the most reliable crypto projects in 2021. And in this article, we will tell you why it is so. We will try to break down every detail of this platform, consider what functionality the exchange attracts traders and investors. An important issue to feel will also be users and their opinion about the LocalTrade crypto exchange. It is always important to read LocalTrade reviews to understand what product you are dealing with, especially if this product is related to money.
LocalTrade review – its functionality and main advantages
Crypto exchanges are an important intermediary between buyers and sellers in the cryptocurrency market. It is the same market as the grocery market. When you need to buy groceries, you know exactly that the bread you are looking for will be there. It’s the same here. If you go to an exchange, you know exactly that you can buy crypto. Sometimes, there are delays in deliveries at such a market, just like at a regular grocery market, and you can’t buy as much bread/crypto as you need, so you have to wait a bit. You have to understand that it is impossible to sell or buy cryptocurrencies and different tokens without cryptocurrency exchanges. In other words, an exchange is an obligatory condition between a seller and a buyer. Since such a financial market has to do with money, it is worth choosing an exchange wisely.
LocalTrade provides several options to consider before making your choice. But we’ll start at the very beginning.
Local trade, a crypto exchange, began its existence in 2018. All three years that the business has existed, it has been developing rapidly and improving its functionality, specifically for its users.
One of the main benefits of this exchange is favourable rates for exchange members and low commission for operations conducted on the sale. Believe, for people who are “cooked” on deals, tariffs and commissions are very important. The lower the commission of the trader, the more his final earnings. It’s very simple. You do not need to verify your identity once a week to withdraw one Bitcoin on this exchange. Thus, the trader can get his money faster.
Like all modern exchanges, LocalTrade crypto exchange has a mobile version for convenient remote use. Many traders cannot sit in front of the terminal all the time, so after placing stops, you can go about your business calmly and check your position with your smartphone at the same time. So you can trade from everywhere in the world.
Novice traders and investors, for sure, will not get lost on the LocalTrade crypto exchange. Developers tried especially for newbies because, especially for such people, a couple of training videos developed, which fully explain how to use a business. Of course, it will be difficult for people who visited the exchange for the first time to understand its functionality, although it is quite primitive and intuitive. But, not knowing such simple things as the order book, position, and lessons in video format from LocalTrade will replace the cup.
The crypto exchange is made so that every user can find something interesting for himself on it. LocalTrade provides a huge selection of crypto, tokens, and various altcoins to trade. Some exchanges cannot boast of such an assortment since they can sell only the most popular cryptocurrencies. Local trade, in turn, tries to cover as many trading instruments as possible.
Classically, spot and margin trading is available at the exchange. Spot trading is recommended for beginners because it does not involve large, instant losses, which margin trading cannot be said. Margin trading is characterized by a higher risk for the spot market. And for this, the risk is responsible for the knee or leverage. There are many synonyms for this term, but the principle is the same. A trader increases his investment with the exchange credit and can earn more. If a trader takes the tenth leverage, then for one per cent of growth or fall of an asset, he gets ten times more of invested funds, but it is not so simple. This tenfold increase in P&L can just as quickly take away ten times the trader’s money if he has not guessed the price movement. In the worst case, the position can be liquidated.
In addition to trading in different markets, LocalTrade offers traders the opportunity to participate in contests and receive great prizes in the equivalent of various crypto or reduced commissions.
The platform has updated its software, which means no lags now. Very often, a trader loses entry into a position or exit because of squeezes. Cryptocurrency is a very volatile instrument, and in just one or two seconds on a five-minute timeframe, there can be a big jump. At such moments, it is important to ensure that the trader enters or exits the position at the price when the order was placed. Otherwise, the user may lose some profits or even incur losses.
LocalTrade is always improving itself, and this is noticed by users who have left their feedback, which we will now talk about.
LocalTrade reviews from real users
The LocalTrade team is working on itself every day. The company supports the idea that trading and trading cryptocurrencies are risky enough activity that requires attention. As such, their team of professionals aims to reduce continually or even ruin their clients’ risks. LocalTrade is always in favour of honesty and safety. The platform tries to instil confidence in its users for the future. It is worth noting that a real and honest crypto exchange such as LocalTrade does not aim to make money from users, but on the contrary, contributes to the fact that the client has more money left after the transactions are performed. This is in the interest of the exchange itself because, in this case, the trader will remain a client of LocalTrade for many years. Proof of this is users’ reviews.
photo reviews from the network
As feedbacks, we can distinguish video reviews from many stock traders. These independent users honestly review the platform from LocalTrade and leave their comments. For example:
;
https://www.cryptowisser.com/exchange/localtrade/.
I am speaking of verbal comments.
Almost all reviews from users are positive. People write in comments that this is a good crypto exchange with extremely clear functionality, on which it is possible to make money. Many reviews agree that most users are amazed by the high qualification of support services and administrators. Employees of the exchange are in touch 24/7 and can always advise the client in various cases. Users state that they see how LocalTrade employees care about their brand, which means they are willing to do their job to the fullest.
Moreover, all the reviews are quite real, so there is no need to worry about their authenticity.
LocalTrade and Crypto Expo Dubai 2021
The pandemic and the problems from Covid-19 have hit the crypto sector and crypto trading hard. Crypto Expo Dubai 2021 was one of the largest and most ambitious crypto events globally, which addressed the issues related to market changes from the impact of the pandemic. Of course, this event was not held without LocalTrade. The event itself was from October 13 to 15, 2021. In total, about 10,000 people audited the event. A huge exhibition of crypto projects gathered traders and investors from all over the world.
Various topics of cryptocurrencies and blockchain technologies were discussed at the conference. The main goal was to attract investors’ attention to the issue of cryptocurrencies.
At the end of the exhibition itself, the organizers presented the Crypto Expo Dubai 2021 Award. According to the results, the crypto exchange LocalTrade was nominated for “The Most Reliable Crypto Project 2021”.
This award proves how much the LocalTrade team cares about the security of their users’ data. LocalTrade’s data protection system eliminates wallet hacks, which means that all customer assets are completely safe. The independent auditing firm reviewing the exchange’s code did not find any remarks that could be submitted for general consideration.
For local trade, the main thing is that most people become well aware of what money is and what kinds of money it can be. The word money should be associated with security, and this is the main thing.
In addition, at this exhibition in Dubai, LocalTrade showed its desire to develop and expand the DeFi system and create the latest products that could provide access to high-performance technology. All of these projects are made to simplify the process of investing in DeFi.
Apart from the fact that the LocalTrade team was invited to that event, which already stresses the high level of status and professionalism, the group received a valuable award, which mirrors all the efforts of LocalTrade developers, engineers and programmers.
CED helps people learn more about the cryptocurrency industry and decentralized finance, and the crypto exchange LocalTrade always supports such ideas and collaborates with such large-scale projects.