Software Alternatives, Accelerators & Startups

LocalMonero VS FixedFloat

Compare LocalMonero VS FixedFloat and see what are their differences

LocalMonero logo LocalMonero

Get Monero. Fast, easy and safe. Near you.

FixedFloat logo FixedFloat

FixedFloat.com is an instant, fully automatic cryptocurrency exchange with Lightning Network.
  • LocalMonero Landing page
    Landing page //
    2022-01-19
  • FixedFloat Landing page
    Landing page //
    2023-05-07

FixedFloat.com is an instant, fully automatic cryptocurrency exchange with Lightning Network. With us, you can exchange cryptocurrencies in a few clicks and make profitable deals with fixed and floating rates, tailored to your needs.

No registration. No hassle. Just scan a QR code, and you are ready to exchange.

We guarantee:

The best rates. Every day we compare the rates of top instant exchanges. On FixedFloat our customers always make exchanges on the most favorable terms. Fair deals. To make the exchange process as transparent and fair as possible, we offer two? exchange options: Fixed rate (1%) and Float rate (0.5%). Rapid transactions. All stages of any transaction are trackable online. FixedFloat exchange transactions are designed to be performed at maximum speed and with maximum user convenience. Caring customer service. Real-time support is available 24/7 to deal with all queries and questions via Live chat, Facebook, Twitter, Telegram and many other channels and media. Security. We never store your funds. All exchanges take place automatically, after several confirmations of the blockchain network.

We have created FixedFloat for millions of cryptocurrency users around the world who need a reliable, trusted partner for digital exchange. We welcome any feedback and requests for additional/enhanced features to streamline your experience: contact us here or write to our support.

LocalMonero features and specs

  • Anonymity
    LocalMonero allows users to trade Monero (XMR) without disclosing their identities, enhancing privacy.
  • Decentralization
    The platform facilitates peer-to-peer trading, which eliminates the need for a centralized exchange and reduces the risk of a single point of failure.
  • Payment Flexibility
    LocalMonero supports various payment methods, including cash transactions, allowing users to choose their preferred method.
  • Global Reach
    Users can trade Monero with individuals from different parts of the world, broadening their trading opportunities.
  • Escrow Service
    The platform provides an escrow service that secures the transaction until both parties fulfill their obligations, thereby reducing the risk of fraud.
  • User-Friendly Interface
    LocalMonero offers a straightforward and easy-to-use interface, making it accessible even for those new to cryptocurrency trading.

Possible disadvantages of LocalMonero

  • Scam Risk
    Despite the escrow service, peer-to-peer trading always carries a risk of encountering fraudulent users.
  • Limited Payment Methods by Region
    Not all payment methods are available in every region, which can limit trading options for some users.
  • Price Volatility
    Trading Monero involves dealing with the cryptocurrency's price volatility, which can lead to significant financial losses.
  • Legal and Regulatory Risks
    Depending on the user's location, trading Monero may come with legal or regulatory challenges.
  • Transaction Speed
    Some payment methods might require more time to process, potentially delaying the completion of trades.
  • Market Liquidity
    The platform's liquidity might not be as high as centralized exchanges, potentially leading to difficulties in finding trade partners quickly.

FixedFloat features and specs

  • Ease of Use
    FixedFloat offers an intuitive and simple user interface that allows for quick transactions without the need for extensive knowledge about cryptocurrencies.
  • No Account Required
    Users can exchange cryptocurrencies without needing to sign up for an account, which enhances privacy and speeds up the transaction process.
  • Fixed and Floating Rates
    The platform provides the option between fixed rates, which lock in the exchange rate at the time of the transaction, or floating rates, which may vary but could offer better deals.
  • Anonymity
    Because FixedFloat does not require account creation, transactions can remain relatively anonymous compared to services that require user registration.

Possible disadvantages of FixedFloat

  • Limited Coins
    FixedFloat supports a limited number of cryptocurrencies compared to other platforms, which may not meet the needs of users looking for a wider range of options.
  • No Fiat Support
    The platform only supports cryptocurrency-to-cryptocurrency exchanges; users cannot exchange fiat currency for cryptocurrency directly through FixedFloat.
  • Potentially Higher Fees
    While FixedFloat offers convenience, the fees may be higher compared to some other exchange platforms, particularly for smaller transactions.
  • Lack of Advanced Trading Features
    The platform is geared towards quick and straightforward exchanges and does not offer advanced trading features such as limit orders or margin trading.

Analysis of LocalMonero

Overall verdict

  • Conditional

Why this product is good

  • LocalMonero is generally considered a good platform for peer-to-peer trading of Monero due to its focus on privacy and its user-friendly interface. It allows users to conduct transactions without the need for a centralized exchange, thereby potentially offering more security and privacy. However, the experience may vary depending on the counterparty since the platform connects buyers and sellers directly. Users should be cautious and conduct due diligence when choosing trading partners to minimize potential risks.

Recommended for

  • Users who prioritize privacy and anonymity in cryptocurrency transactions.
  • Individuals looking for a decentralized method of trading Monero.
  • Traders familiar with peer-to-peer exchanges.

Analysis of FixedFloat

Overall verdict

  • FixedFloat is generally considered a good option for users who seek quick and straightforward cryptocurrency exchanges. Its user-friendly interface, coupled with the option to select between different rate structures, makes it appealing to both novice and experienced crypto traders. However, like any financial service, users should ensure they are comfortable with the service terms and conduct personal due diligence.

Why this product is good

  • FixedFloat is often praised for its simplicity and efficiency in allowing users to exchange cryptocurrencies with fixed and flexible rates. The platform offers quick exchanges, simplicity without signing up, and competitive fees. Users value the ability to choose between fixed rates for security or floating rates for potentially better market prices.

Recommended for

    This platform is recommended for cryptocurrency enthusiasts who value speed and simplicity and may not require advanced trading features. It is ideal for users looking for a quick exchange without the need for extensive registration processes. It's also suitable for those who want flexible rate options and appreciate the transparency in transaction fees.

LocalMonero videos

LocalMonero - Buying Monero ANONYMOUSLY

More videos:

  • Tutorial - Cรณmo comprar XMR en LocalMonero - Tutorial
  • Review - What is LocalMonero?

FixedFloat videos

How easy it is to exchange Ethereum for Bitcoin using FixedFloat.com

Category Popularity

0-100% (relative to LocalMonero and FixedFloat)
Cryptocurrencies
47 47%
53% 53
Cryptocurrency Exchange
39 39%
61% 61
Crypto
38 38%
62% 62
Finance
100 100%
0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare LocalMonero and FixedFloat

LocalMonero Reviews

  1. Agoradesk.com/LocalMonero.co is Scam!!!
    Agoradesk.com/LocalMonero.co is Scam!!!

    Agoradesk.com/LocalMonero.co is Scam!!!

    The Admin of Agoradesk.com/LocalMonero.co telegram group https://t.me/LocalMonero is a Scumbag. His telegram is https://t.me/Alex_LocalMonero_AgoraDesk

    This is a screenshot of my chat with him https://ibb.co/Nxfxxgb

    I've know about LocalMonero for about a year but didn't really trusted them because it is shitty centralised platform and outdated website looks like crap, it doesn't build trust at all. And now, after loosing my money I know I should avoid even registering with them.

    Agoradesk.com/LocalMonero.co scammed me for 9500 usd by blocking my account right after I deposited another 10 xmr

    This is my account https://agoradesk.com/user/audy

    You can see they add a message=reason inventing an excuse to steal my money, linking me to other profile who, I found out later, Alex admin of Localmonero had an argument with.

    As I see now LocalMonero admin desided to co er his lose on my account. If they do it over 9500 usd than this means they have no trading volume and profit and ready to take your money just like that. They will make it look like it is your fault or whatever.

    Check this https://t.me/MoneroUK/12051 I contacted this guy and asked him what happened between him and Localmonero(scammers) and it looks like I am not the first one who was scammed by localmonero aka agoradesk

    Avoid this scammers and your money will be saved.

    That was my last time I ever user centralised exchanger. It is 3rd time I got burned.

    LocalMonero aka AgoraDesk is scam!!!! Stay away from it!!!!

FixedFloat Reviews

We have no reviews of FixedFloat yet.
Be the first one to post

Social recommendations and mentions

FixedFloat might be a bit more popular than LocalMonero. We know about 125 links to it since March 2021 and only 120 links to LocalMonero. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

LocalMonero mentions (120)

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FixedFloat mentions (125)

  • Why do I get `Unknown Next Peer`? (beginner question)
    I've made a test transaction from another wallet and successfully received ~$5 payment. Now I'm trying to spend this amount. I generated a Lightning invoice with fixedfloat.com, I enter it in Dashboard -> Pay section, and I get this:. Source: almost 3 years ago
  • Advice for Establishing/Maintaining Inbound Liquidity
    I remembered this service fixedfloat.com that will trade lightning for layer 1 btc at 0.5%. If it's useful, start with with small amounts, but I believe it's legit. Source: about 3 years ago
  • Why not use a LN wallet?
    So you want to deposit a large amount all at once into Breez wallet to get a large channel size. Then you'd swap out. https://fixedfloat.com/ fixed float is one example of a swap service, but there are others. Point is, when you're ready to dump to cold storage, you swap LN to on-chain using this service. Source: about 3 years ago
  • Is there a cheaper way to buy into Monero?
    Https://fixedfloat.com/ is your friend. Source: about 3 years ago
  • Fund wallet through coinjoin
    Also, look into swap services like https://boltz.exchange and https://fixedfloat.com. Source: about 3 years ago
View more

What are some alternatives?

When comparing LocalMonero and FixedFloat, you can also consider the following products

Bisq - Bisq is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative cryptocurrencies.

ChangeNOW - ChangeNOW is a non-custodial exchange service for fast and limitless coin swaps.

AgoraDesk - P2P OTC exchange for trading Bitcoin, Monero and their options. No KYC/AML. Made by the LocalMonero team.

SideShift AI - SideShift AI is an AUTOMATED COIN SWAP that allows USERS to swap between 20+ cryptocurrencies.

LocalCoinSwap - Community-owned P2P cryptocurrency exchange with no KYC and 95% cold storage wallet security.

SimpleSwap.io - SimpleSwap is an instant cryptocurrency exchange without sign-up and upper-limits.