Localethereum Chinese website launched, supports Ethereum exchange

When the editor turned on the computer today, he saw a news article about Ethereum trading fraud. On May 24, Wenzhou Ouhai police arrested Guizhou criminal suspects Liu and Meng, and cracked a major Ethereum trading fraud case with a case value of more than 300,000 yuan. The policeman Zhu usually traded Ethereum online, buying low and selling high to earn the difference. In December last year, he joined an Ethereum trading group. Liu posted information about purchasing 100 Ethereum as the owner of the WeChat group. Zhu and two others were deceived and received a total of 60 Ethereum. After defrauding the Ethereum, he blocked the seller and sold it for more than 300,000 yuan, which he and Meng divided equally. The case is still under further trial.

Unsecured transactions are always more prone to fraud, but buying Ether on localethereum is simple, secure, and convenient.

Localethereum is not an exchange, nor does it exist as an intermediary to absorb user funds. It is a P2P platform provider that brings together individuals or institutions that have Ethereum trading needs. Compared with traditional exchanges, traders have higher control. Localethereum cannot monitor the conversation records between the two parties (the process is encrypted), so you need to be vigilant during the transaction and not trust others easily. If the other party behaves very suspiciously, such as refusing to send ETH to the guarantee contract, please stop immediately and observe, and then report the user if appropriate to make the platform safer together.

About payment methods:

For sellers, PayPal is a high-risk payment method because of a phenomenon called “chargeback fraud”, where buyers pay and receive cryptocurrency and then ask financial institutions to reverse the payment transaction. PayPal is also very vulnerable to scammers and hackers, and there are often cases where criminals use PayPal to trade cryptocurrency to commit fraud.

Payment methods that are difficult to reversible or completely irreversible are more suitable for sellers because they are safer. For example, we usually choose "Bank transfer" because this payment method is universal.

Once you select this payment method, the website will display a list of transactions that accept bank transfers. Since bank transfers are usually only carried out within the country or region, the website will usually only display orders from the user's country or region (of course, overseas players also have the option of international remittances).

Also, remember to pay attention to the seller’s reputation. Here are some key information you need to pay attention to:

• Transactions — The number of transactions this user has completed.

• Trade volume — The volume of trades completed by this user.

• Positive Rating — The percentage of positive reviews received.

• Authentication — The user has completed phone or email verification on localethereum.

You can continue browsing the list of transactions until you find one that you like and then start your first transaction on localethereum.

Localethereum exchange group: 783740442

This article is for commercial promotion only and does not represent the position of Wabi.com. Cryptocurrency is a high-risk industry. Please invest with caution. We are not responsible for any losses!