LocalMonero will be winding down
- Effective immediately, all new signups and ad postings are disabled;
- On May 14th, 2024, new trades will be disabled as well;
- On November 7th, 2024, the website will be taken down. Please reclaim any funds from your arbitration bond wallet prior to that date, otherwise the funds may be considered abandoned/forfeited.
About us
Our Mission
At LocalMonero, our goal is to establish a safe and easy-to-use person-to-person platform to allow anyone to trade their local currency for Monero, anywhere. Our users post advertisements specifying their preferred method of payment (e.g. bank transfer, cash, online payment processor like PayPal, gift cards, etc), other users reply to these advertisements, LocalMonero takes an arbitration bond equal to the amount of the trade from the user that is the Monero seller in a given trade and the seller sends the Monero to the buyer when the seller confirms that they have received the payment from the buyer, upon which the arbitration bond is returned to the seller. LocalMonero can also step in to mediate any dispute that may arise.
How We Are Different
On LocalMonero you are dealing with humans. Unlike centralized cryptocurrency exchanges, you make a trade directly with another person. This makes the process lean and fast, as there is no corporate overhead. You get your Monero instantly. Also, LocalMonero can support every payment method its user community supports, making it possible for users without access to traditional banking to also be able to buy or sell Monero. For every transaction, LocalMonero requires the seller to post an arbitration bond to protect the buyer of Monero.