LocalTrade crypto exchange is a one-stop cryptocurrency exchange and financial products ecosystem that bridges the gap between traditional finance and the crypto industry. LocalTrade ecosystem consists of a full-fledged centralized exchange trading platform and a DeFi investment platform — the DeFi Lab, which is a further development of LocalTrade CEX. Combining CeFi expertise and tech infrastructure with DeFi opportunities, the exchange aims to drive investments into decentralized finances with the best returns.
LocalTrade cryptocurrency exchange works in over 200 countries worldwide. However, its users are advised to ensure that their country’s laws and regulations support crypto trading activities. The platform advises users who fall into the category of countries that restrict crypto activities to make use of their decentralized exchange platform. In terms of KYC requirements, users are advised to complete all verification requirements to increase their access to all features of the platform and increase their withdrawal limits.
LocalTrade spot trading market allows users to trade various assets on the exchange through a web interface or via API. Users can trade supported trading pairs, including BTC, ETH, USDT, etc. Its margin trading option enables leverage and provides users with the ability to trade borrowed assets, opening positions larger than their available balance. In addition, the LocalTrade crypto exchange holds promotion campaigns and competitions for traders on a regular basis. The platform charges a flat rate of 0.2% on all trades, be it a maker or taker trade.
For crypto deposits, there are no LocalTrade exchange fees charged. However, for fiat deposits, be it through bank wire transfers or credit cards, the user will pay transaction fees to the processing bank involved. On the other hand, there are fees charged for withdrawals of cryptocurrencies. The LocalTrade price for BTC withdrawals is pegged at 0.0002 BTC, with a minimum withdrawal of 0.0004 BTC. Other cryptos have their own fees depending on the network in question. As mentioned earlier, withdrawal limits are only imposed on accounts that have not fulfilled KYC requirements.
The LocalTrade token (LTT) fuels the ecosystem. The initial supply of the token is pegged at 100 million LTT. The token is based on the BEP-20 token standard. LTT grants holders with up to 25% discount on LocalTrade crypto fees and 20% lower commissions with crypto-debit card transactions. Furthermore, merchant fees at 0xpay can be paid in LTT with a 20% discount.
One of the features of the exchange is the LocalTrade DeFi Wallet, which is a dedicated dApp for DeFi Lab. The latter combines opportunities from all LocalTrade crypto exchange products into a single interface, through WalletConnect. All DeFi Lab components are available for use through the DeFi Wallet.
Another feature is the LocalTrade bridge. It is a decentralized, trustless protocol that enables the exchange of assets between different blockchains. Powered by LocalTrade DEX pools, the bridge provides swift execution and offers additional incentives for users.
Besides, the platform offers various staking opportunities for its native tokens. Staking LTT in Farming Vaults increases the number of potential rewards from the DAO Sharing Economy. Also staking LTT is necessary to get into whitelists for private sale rounds on the Launchpad. Additionally, in the future, LTT is planned to be used as a premium in-game currency, providing users with the ability to purchase in-game NFT assets (armor, weapons, etc.). Users will also be able to create and mint their own NFT weapons using in-game resources, as well as sell them for LTT on the NFT Marketplace.
About the Company
With its headquarters in the United Kingdom, the LocalTrade crypto exchange is managed by Aaron Levi Yahalom and Alexandra Buimister.
Alexandra Buimister is a financial editor and researcher with rich experience in international work in financial and fintech sectors, a founder of alternative banking services, and serves as the company’s COO. Alexandra has taken decision-making positions within various well-known brands like CROWDESTOR, ncrypto.io, Forbes Latvia & Finland, BCA Research (Euromoney PLC), Supreme Group, and more.
Aaron Levi Yahalom is in charge of the development of the LocalTrade crypto exchange. Aaron has rich experience in marketing and was a part of various cryptocurrency and financial projects. These projects have always demonstrated excellent results. Among the most famous ones is PureFi, where Aaron held the position of RegTech Strategist.
In January 2023, the LocalTrade trade volume ranged around $245 million. To check the current LocalTrade volume, check out the above chart.