FAQs

  • What is CryptoLocally?

    CryptoLocally is a P2P platform for alt coins like EOS, WAX, USDT etc... Users are able to buy and sell crypto tokens in the fastest and most efficient way possible. You can either post offers or respond to offers already on the website.

  • What is EOS?

    EOS is a type of cryptocurrency. It is decentralized, meaning that it does not belong to a certain country or bank. EOS can be accessed anywhere by anyone who has access to the internet.
    You can download a wallet for EOS blockchain here.

  • What is WAX?

    WAX was specifically designed to make e-commerce transactions faster, easier, and safer for all participants. WAX uses EOS to bring in-game item transfers from video games to blockchain.
    You can download a wallet for WAX blockchain here.

  • What is USDT?

    Belonging to a group of coins under the umbrella term “stablecoins” USDT is highly coveted for its stability as well its value of a 1-to-1 ratio with the US dollar. Furthermore, 80% of bitcoin trading is done in USDT, making it extremely relevant to the crypto market.
    You can download a wallet for EOS-USDT blockchain here.

  • What is EOSDT?

    Similar to USDT, EOSDT also belongs to the “stablecoin” category. EOSDT is also pegged to the US dollar at a 1-to-1 ratio but differentiates itself in its connection to EOS. This allows users to leverage EOS, lower portfolio risk, make instant payments, and lend crypto in multiple different currencies.
    You can download a wallet for EOSDT blockchain here.

  • What is TELOS?

    Telos is a networked ecosystem enabling visionary leaders, companies and communities to work together to build a new global economy. The Telos chain has launched and attracted more dapps than any EOSIO chain but EOS itself. It is also easy for casual users to join and use Telos thanks to their innovatife free user accounts creation for EOSIO.
    You can download a wallet for Telos blockchain here.

  • What is BOS?

    BOS is a decentralized cryptocurrency with the objective to build an EOSIO ecosystem that supports more Dapps and solve real-world problems using blockchain technology. BOS has all the advantages of EOSIO but it isn’t restricted to the EOSIO ecosystem. Other major blockchains such as Bitcoin and Ethereum may freely communicate through it as a free port.
    You can download a wallet for BOS blockchain here.

  • How long will it take for my trade to occur?

    Once the trade starts, CryptoLocally sets a time limit for each step that occurs afterwards. Depending on the reactivity of the traders and the payment method, a trade can take less than 2 minutes or a maximum of 40 hours. Here is the time limit for each step of a trade:
    - Agree on terms: 25 hours
    - Fund escrow: 2 hours
    - Pay: 2 hours
    - Release escrow: 16 hours

  • The user I am trading with isn’t responding, what should I do?

    We highly recommend that traders try to solve problems amongst themselves using our platform, however, if this does not work you should contact the CryptoLocally staff to file a dispute. The dispute will occur as stated above and we will provide further instructions in terms of filing disputes. You can find more details on our arbitration policypage.

  • What happens when I initiate a dispute resolution case?

    When a user commences a dispute resolution process, CryptoLocally will freeze the smart contract (the escrow). The next step is to determine which side of the transaction is being disputed e.g. unreleased escrow or a missing/partial fiat. CryptoLocally will contact each party to obtain evidence to substantiate the claim. After reviewing the evidence, CryptoLocally will either ask for additional information or offer a decision on the claim. All decisions in the arbitration process are final and binding. Each party will be notified of the decision and the resolution will be executed within 24 hours of this decision.

  • Is CryptoLocally safe?

    Yes! All transactions made on CryptoLocally are powered by a smart contract on chain and is secured by the escrow until the end of your trade. No third party, including hackers, can interfere or lay a hand on your crypto.

  • Can I use CryptoLocally in my location?

    Yes! CryptoLocally can be used by anyone anywhere as long as they have access to the internet. We allow users to select their preferred location and currency so that users can easily trade using their local currency with those near them.

If there are any additional questions or comments regarding CryptoLocally, please refer them to admin@cryptolocally.com.