Mycelium Local Trader
Mycelium Local Trader is a mobile app that allows users to directly trade cryptocurrencies like Bitcoin with people nearby, without an intermediary. It facilitates over-the-counter cryptocurrency trading.
cryptocurrency
bitcoin
p2p
trading
local
mobile
Mycelium Local Trader: Mobile App for Peer-to-Peer Cryptocurrency Trading
A mobile app allowing direct, local cryptocurrency trades without intermediaries, with over-the-counter trading capabilities.
What is Mycelium Local Trader?
Mycelium Local Trader is a mobile application developed by Mycelium specifically for trading cryptocurrencies like Bitcoin directly between users, without an intermediary. It utilizes GPS and other location services to locate nearby cryptocurrency traders and facilitates over-the-counter (OTC) trading of digital assets.
Some key features of Mycelium Local Trader include:
- Connecting with local cryptocurrency traders in close physical proximity to trade coins like Bitcoin, Ethereum, and more
- Chat functionality to discuss trade details with potential trade partners
- Secure mobile-to-mobile trading with destination address confirmation before sending coins
- Reputation system for rating trades and feedback on traders
- Support for over 20 different cryptocurrencies and tokens
- Completely decentralized trading without centralized intermediaries
By allowing direct P2P trading, Mycelium Local Trader provides a way for cryptocurrency holders and traders to easily buy and sell coins for cash locally. Its peer-to-peer nature avoids common issues with centralized exchanges like withdrawal delays, fraud risk, and lack of support. The mobile-focused design makes in-person trades simple and secure.
Mycelium Local Trader Features
Features
- Allows users to directly trade cryptocurrencies with people nearby
- Uses GPS to locate nearby traders
- Supports Bitcoin and other major cryptocurrencies
- Secure encrypted chat for negotiating trades
- Built-in wallet to hold cryptocurrencies
- Reputation system for traders
- No trading fees
Pricing
- Free
Pros
Decentralized trading without intermediaries
Convenient to trade with people in your area
Avoids exchange trading fees
More privacy than exchanges
Easy and fast to use
Cons
Limited to people physically nearby
Smaller selection of traders than an exchange
Requires meeting strangers in-person
Less oversight than regulated exchanges
Risk of scamming or fraud
Official Links
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