Our goal is to establish a safe and easy-to-use person-to-person platform to allow anyone to trade their local currency for XRP, anytime, anywhere. Our users post trade offers specifying their preferred payment method (e.g. bank transfer, online payment processor like PayPal, gift cards, etc), while other users can initiate transactions through these trade offers. LocalRipple.co escrows the XRP from the user that is selling and releases the XRP to the user that is buying. LocalRipple.co also mediates any disputes that may arise.
On LocalRipple.co you are dealing with humans. Unlike centralized cryptocurrency exchanges, on LocalRipple.co you make a trade directly with another person. This makes the process lean and fast, as there is no corporate overhead. You get your XRP instantly. Also, LocalRipple.co can support every payment method its user community supports, making it possible for users without access to traditional banking to also be able to buy or sell XRP. For every transaction, LocalRipple.co offers escrow or transaction service to protect both parties.
All the transactions done through our platform are handled by our escrow service, therefor the team behind LocalRipple.co can proudly say that we insure every single transaction to a percentage that gets close to 100%.
Forget about scammers, shady deals or hackers!
Unlike regular exchange services, LocalRipple.co will not require you to create a wallet with us or keep your XRP coins in a 3rd party environment controlled by us. The only time we actually touch your currency is upon securing a trade through our escrow service.
The steps below represent the stages that each transaction has to go through. If there is anything that is unclear or if you require more information, don't hesitate to contact us.
After you initiate the transaction it is advisable to get in touch with the other party ( the trader ) in order to discuss the terms of the transaction. Some traders may require personal information such as a copy of your ID. This is because in certain countries sellers are required by local laws to know who their customers are.
If you are buying XRP from a trader, the trader will deposit the agreed XRP amount into the escrow and you will be upon completion. If you sell XRP to a trader you will be depositing the agreed XRP amount into the escrow and the trader will receive the notification when the deposit is confirmed. The confirmation usually takes a couple of minutes.
If you are buying XRP you are required to complete the payment as soon as the XRP deposit made by the trader has been confirmed to be in our escrow account. If you are selling XRP the other party will complete the currency payment after the XRP deposit made by you into our escrow account has been confirmed.
If you are buying XRP, the XRP amount in our escrow account will be released to you as soon as the trader confirms that he received the currency payment. If you are selling XRP, the XRP amount in our escrow account will only be released to the trader after you confirm that you have received the currency payment as agreed with the trader.