LocalMonero / AgoraDesk will be winding down it's operations: https://web.archive.org/web/20240507200032/https://agoradesk.com/blog/announcements/winding-down
LocalMonero is a peer-to-peer Monero trading platform. A marketplace where users can buy and sell Monero to and from each other. You'll be able to buy and sell online with more than 60 currencies.
KYC is not mentioned, but this service reserves the right to share data with representatives of the authorities, block funds or reject transactions.
Automated, ai-driven monthly ToS reviews.
Last Check: 2024-05-03
The FAQ states that some traders may require ID verification due to local laws: "Sometimes a trader may ask for your ID. If you're trading for the first time with a trader they may ask you to identify yourself. This is because in certain countries traders are required by local laws to know who their customers are."
ToS section: "A trader is asking me for my ID, and I don't feel comfortable."
The provided FAQ does not explicitly state whether LocalMonero monitors user transactions or cryptocurrency activities.
There is no explicit statement in the FAQ about LocalMonero sharing user data with third parties.
The FAQ does not mention any data sharing practices with authorities, law enforcement, or government agencies.
There is no information provided in the FAQ about logging user data, IP addresses, or transactions.
The FAQ does not mention any ability for LocalMonero to block or freeze user funds.
There is no information provided about LocalMonero terminating or blocking user accounts based on suspicious activities.
The FAQ does not mention any system for flagging suspicious transactions on the LocalMonero platform.
Alghough comments are moderated, beware of fake reviews. Always do your own research.
