Part One: The Frustration of Buying and Selling Ether

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The official blog of localethereum. Follow us for updates on security and the crypto-financial ecosystem. Today, there is no easy way to trade ether for those that want to side-step the various hurdles of centralised localbitcoins sell ethereum. There is an array of headaches when using a traditional cryptocurrency exchange such as Kraken or GDAX. Firstly, the localbitcoins sell ethereum requirements are lengthy and annoying. To be able to withdraw any significant amount from your trading account, exchanges localbitcoins sell ethereum ask you to submit photo ID and other documents; before waiting days or even weeks for the staff to review your localbitcoins sell ethereum.

Traders are putting tremendous trust into centralised exchanges, which are notorious for losing or misplacing customer deposits. To name only a few examples: With so much money on the line, no central exchange is safe. Finally, there is no way to exchange cash face-to-face like many of us are accustomed to for Bitcoin. Localbitcoins sell ethereum of the only ways to exchange cash for ether is to first use one of the existing over-the-counter Bitcoin marketplaces such as LocalBitcoinsand then convert it to ether.

There is no direct fiat-to-ether alternative, which is quickly making waves as the most innovative localbitcoins sell ethereum of today. Buyers have to settle with buying bitcoin from a site like LocalBitcoins and then swapping them out for ether using an exchange service like ShapeShift. This makes it slow and expensive for a newcomer to crypto to get their hands on ether. It also means they have to put trust in a multitude of third parties along to the way. Our simple yet effective client-based solution allows you to localbitcoins sell ethereum matched directly with other buyers and sellers and effectively skip the middle man and trade on your own terms.

All trades executed via the localethereum marketplace are completely private: Messages are encrypted end-to-end and all trades are transacted using Ethereum smart contracts that only the parties involved have access to. The problem with exchanges There is an array of headaches when using a traditional cryptocurrency exchange such as Kraken or GDAX. Traders are getting the raw end of the deal. For many, this is a constant source of frustration and confusion. Go to local ethereum.

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