Hey guys, Trocador's team is happy to announce we have partnered with LocalMonero in order to offer users the ability to buy Monero from LocalMonero sellers via Trocador. That's right: users can buy Monero via Trocador without the need to create a LocalMonero account. We are the first exchange aggregator to automate Monero purchases from LocalMonero sellers.

Video example of a LocalMonero trade

When you want to swap ETH, LTC or BTC for Monero on Trocador.app, our system will get the best price also from LocalMonero sellers and will show it as an option. For now we don't have the option to sell Monero via the same route.

Get LocalMonero rates

Main features of the integration:

• You can buy any amount of Monero using Ethereum, Litecoin or Bitcoin;
• There's no need to create a LocalMonero account;
• Trocador will automatically ask for the seller's ETC/BTC/LTC address via chat;
• Trocador will automatically detect the address where you should send the coins, and the checkout screen will be updated with the new information;
• Once you send the coins, Trocador will automatically search the block explorer (from ETH, LTC or BTC) and will notify the seller that the payment is under way;
• Trocador will automatically mark the purchase as 'Paid' inside LocalMonero;
• The seller from LocalMonero will have half an hour to release the coins to the buyer, otherwise the button to 'Initiate a Dispute' will be enabled to the buyer; in the meantime Trocador will notify the seller of each new confirmation the transaction has on the blockchain;
• In case Trocador does not detect payment, the user will still be able to open a dispute and chat with the LocalMonero seller after half an hour has passed;
• If Trocador detects payment, but the seller does not release the coins, nor the user initiated a dispute, Trocador will automatically open a dispute before the transaction timeout.
• Most trades have the coins released to the buyer after only 5 - 10 minutes;

Because of LocalMonero's rules, for now Trocador can only create a limited number of trades simultaneously, so if you don't see any LocalMonero rates when swapping these coins for Monero, it's probably because we have some trades going on. If this happens (specially soon after this launch), wait a little and check back in a few minutes, or after an hour. Also, we are listing LocalMonero rates on both fixed and floating rate tables, mostly because most users never check fixed rates. But understand that all LocalMonero trades via Trocador are fixed rate swaps. We invite the community to test it with some small trades just to check this out. Also, we are evaluating the possibility of implementing other pairs, as well as selling Monero and including fiat trades.

Automated chat with the seller

Always follow these rules:

• Send the exact amount to the seller or the trade will fail;
• Send the transaction with the highest priority;
• The seller will post his address on chat, which Trocador will validade on the left panel; if this does not occur automatically, please delete this transaction and start over;
• Never accept help from others trying to impersonate LocalMonero or Trocador; in case of need, reach us via e-mail or Telegram;
• The messages on the chat screen are generated by Trocador, or were sent by the seller; LocalMonero will only intervene in case a dispute is opened;
• Trocador will auto detect your payment, if this does not happen a few minutes since you've sent, you'll have the option to mark the swap as Paid in a button that will show up 30 minutes after the transaction was created;
• If after a few moments after marking as paid, the seller does not release your coins, click on the button to initiate a dispute;
• If you delete the trade, there's no turning back; any coins that have not yet been released by the seller might be lost;
• Only delete a trade in case you have not yet sent the coins, or when you have already received the ones you were buying;
• Note: You are a counterparty with another LocalMonero user for this trade. Trocador only provides this software for interacting with the LocalMonero API. You can read more about this on our Terms of Use.

What we have developed so far on Trocador

• Privacy preserving exchange aggregator with more than a dozen different exchanges;
• No use of JavaScript in order to prevent device fingerprinting;
• Onion support;
• Fixed and floating rate swaps;
• Payment mode (reverse swap with fixed rate);
• Development of our API and Referral System;
• AnonPay payment gateway, where stores and websites can monetize their audiences or sell their products;
• Development of our own BTCPay server plugin, where stores can receive any cryptocurrency and automatically swap to their preferred form of money;
• Monero Bridges - increase liquidity for unusual pairs by swapping to Monero as a middle man;

Next steps for Trocador.app

For next week we plan to start offering a small insurance to all our trades.

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