When thinking of buying NEXO Tokens, most people immediately think of order books, candles, and complicated charts, but there is actually an easier and more intuitive way to buy NEXO Tokens; a way that is fast, secure and 100% private.
Introducing LocalCoinSwap P2P exchange, the world’s first community-owned, peer-to-peer (P2P) exchange, which allows investors from around the globe to have the amazing opportunity to participate in the financial success story of the dominant player in the crypto lending space. Nexo has processed $500M+ in just 12 months across 200+ jurisdictions and in 45+ fiat currencies for a rapidly growing user base that exceeds 200,000.
Getting Your Instant Nexo Loan in Three Easy Steps in 200+ jurisdictions and 45+ currencies
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What is P2P trading?
P2P trading is when two people interact directly with each other to buy or sell cryptocurrency. In this form of trading, buyers and sellers sign up to a website and post advertisements similar to buying and selling on eBay or Craigslist. Each advertisement specifies what crypto asset the buyer wants to buy, the price she is willing to pay, the payment method she is willing to use, and the location where they want to trade.
Some traders prefer P2P exchanges, such as LocalCoinSwap, over centralized exchanges as they offer personalised trades, a wide variety of payment methods, and exceptional privacy. Others use P2P exchanges in case their governments have restricted access to centralized exchanges or in case they do not have bank accounts or the identification to complete invasive KYC procedures.
On LocalCoinSwap you can buy NEXO Tokens with over 250+ payment methods including cash, local bank transfer, debit or credit card, TransferWise and even gift cards from Amazon and iTunes!
LocalCoinSwap also has the largest currency portfolio of any exchange in the world with over 160+ fiat pairs and is available in over 190+ countries worldwide, making LocalCoinSwap one of the most inclusive and accessible P2P marketplaces in the world.
Listen to the interview with Nathan Worsley, the CTO of LocalCoinSwap on the “Borderless Crypto” podcast, where he elaborates on what sets LocalCoinSwap apart from centralized exchanges.
Episode 6: Nathan Worsley, CTO of LocalCoinSwap - Borderless Crypto Podcast
Nathan Worsley presents LocalCoinSwap - a P2P crypto exchange, allowing anyone globally to buy and sell crypto assets…
The benefits of buying NEXO Tokens P2P on LocalCoinSwap include:
- A Global Marketplace — trade with local, domestic or even international counterparties.
- Anonymous — no ID is required to start buying or selling NEXO on LocalCoinSwap which means more people can take part.
- Increased Security — LocalCoinSwap stores 95% of its cryptocurrency in cold storage to ensure your funds are secure.
- 250+ Different Payment Methods — cash in hand, bank transfer, debit card, credit card, Paypal, and you can even use gift cards like Amazon or iTunes, just to name a few. You can view a full list of all of our payment methods on LocalCoinSwap’s website as this list continues to grow.
- No Withdrawal or Deposit Limits — LocalCoinSwap gives you the freedom to cash-in or cash-out as much as you need.
To find out more about how to buy NEXO Tokens on LocalCoinSwap, take a look through our quick guide below.
How to Buy Nexo Tokens on LocalCoinSwap P2P Exchange:
- Register or Log in to your LocalCoinSwap account
- Search for Advertisements
- Open a Trade
- Pay the Seller
- Mark Payment Complete
STEP 1: Register or Log into your account
Registering an account on LocalCoinSwap is quick and easy. There are no lengthy ID verification requirements to sign up. As an added bonus, you will also receive a free and secure digital wallet for storing your NEXO Tokens.
If you already have a LocalCoinSwap account, you can login to get started.
STEP 2: Search for Advertisements
Go to the LocalCoinSwap homepage and use the search filters at the top of the page to find NEXO advertisements available in your location. You can search via buy/sell, cryptocurrency, fiat currency, payment method, location, or a combination of each. Next, choose a buy advertisement that suits your trading terms and tap the “BUY” button to view the detailed advertisement.
If there are no trades that suit your preferred payment method or trading conditions, you can post your own trade advertisement to buy NEXO Tokens.
STEP 3: Open a Trade
When you click through to the full advertisement, you will see more details such as price, trade limits, seller statistics, and terms and conditions of trade. If you are happy with the trade conditions, enter the amount that you want to buy in either fiat or cryptocurrency and tap the “Buy NEXO” button. The seller will receive a notification that you want to buy their NEXO Tokens and will accept your trade to continue.
STEP 4: Pay the Seller
Once you receive a notification that the seller has accepted your trade, you then need to pay them via the payment method that was agreed in the advertisement. You can send a message to the seller via the chat box on the platform to complete the trade and request their payment details. Use this opportunity to ask any questions that you may also have.
IMPORTANT: Never go outside of the LocalCoinSwap platform to complete your NEXO trade. You must always complete the trade within the LocalCoinSwap website so that you are safeguarded and protected by the LocalCoinSwap escrow process. By staying on the platform you will also be protected by LocalCoinSwap’s 24/7 dispute resolution with a worldwide customer service team.
STEP 5: Mark Payment Complete
During this period, the seller’s NEXO Tokens are held in Secure Escrow Protection on the platform. Once you have paid the seller, you need to tap the ‘I have paid to username’ button, to let the seller know that payment has been made and is complete. Next, the seller can verify that they have received your payment and your NEXO Tokens will be released from Secure Escrow Protection and will be available instantly in your LocalCoinSwap platform wallet.
That’s it. You have now bought your first NEXO Tokens peer-to-peer (P2P) on LocalCoinSwap.
Join us on LocalCoinSwap today and get started making money buying and selling Bitcoin both locally within your community and worldwide with established OTC cryptocurrency brokers!