Bitcoin Peer-to-Peer – Opt 3
Cryptocoins from LocalCryptos.com
LocalCryptos is a peer-to-peer (P2P) marketplace where people from all walks of life place ads to sell bitcoin or ether to other people either in person or online. LocalCryptos is the first platform to use end-to-end encrypted messaging. Every message sent is encrypted with a secret key that only you and your trading partner know.
LocalCryptos.com started out as LocalEthereum.com back in 2017 but changed its name in November 2019 when they added bitcoin to the system.
The platform supports P2P trades using 40 different payment methods. Some popular methods include TransferWise, Alipay, SEPA Transfer, QIWI, Chipper Cash, AirTel, and many others.
For safety, an escrow account holds the crypto side of the trade providing a guarantee of funds to the buyer, and an abort path for the seller. The buyer of crypto should never send money before the crypto is in escrow. Likewise, the seller should only release the escrow after they see money in their account.
If payment never arrives, either party can raise a payment dispute. This allows an arbitrator to decrypt messages, verify evidence, and get the crypto to its rightful owner.