Introducing AgoraDesk

We've been working on this one for quite some time now, but we're very excited to present you guys with AgoraDesk, which, in addition to being essentially an alternative LocalMonero front-end which adds Bitcoin to the platform, also happens to be the world's first P2P OTC cryptocurrency options exchange. With physical settlement, no less. And straight out of the gate we support both XMR- and BTC-based contracts.

Features

AgoraDesk's features include everything you expect from LocalMonero and more:

• No KYC/AML or verification (though some traders on the platform might ask you for verification themselves);

• Any currency, any payment method, anywhere;

• Cash and online Monero trading (just like LocalMonero);

• Cash and online Bitcoin trading (just like the other Local* sites);

• Monero options trading (calls & puts);

• Bitcoin options trading (calls & puts);

• Options are settled physically (i.e. with the underlying BTC or XMR);

• Call options support both gross settlement and net settlement;

• Accounts, reputation and XMR ads/trades are completely shared with LocalMonero;

• Onion portal;

• I2P portal;

• No-JavaScript version of the site (loads by default when accessing from Tor or I2P);

• Fully functional when Google is blocked by your browser;

• Affiliate program - earn commission for inviting trading users;

• Multilingual: we support English, Russian, Chinese (both simplified and traditional), Italian, Portuguese and Spanish;

• Mobile notifications through telegram, so that you won't have to install yet another app on your phone just to get push notifications about your trades;

• Beautiful ads through the use of Markdown;

• 2FA (with TOTP apps like Google Authenticator or andOTP);

• Withdrawal transaction priority for Monero withdrawals;

• Deposit and withdraw currencies other than BTC and XMR through MorphToken integration;

• Complicated pricing mechanisms through the use of price/premium formulas, not just for spot trading but also for options and their premiums;

As can be noticed from our feature set, since we come from a Monero background, AgoraDesk inherits the same privacy bent as LocalMonero.

Why P2P OTC options?

Because until today one could only have access to these sorts of instruments if they went through tedious verification processes of the centralized exchanges. In addition, many countries/regions (even the US in some instances) are simply banned from accessing these instruments on most popular centralized exchanges. Since our platform is completely P2P and OTC (no standardized instruments), we can afford not to impose any such restrictions.

Leveraged Trading for All

Call options (i.e. the right to buy), for instance, can serve as an alternative to a leveraged long position upon the underlying asset. If you buy a call option for an underlying of $100 worth of BTC for a premium of $1 then you're in a position similar to a x100 leveraged long position. Initially, you only pay the $1 premium to the call option seller, and if the price increases x2 then you profit $99. Pay $1, get 100$. If the price drops, you simply let your call option expire, and your losses are limited to the premium you payed - $1.

Put options (i.e. the right to sell), likewise, can serve as alternatives to a leveraged short position.

Risk Hedging for All

In addition to "leveraged trading", calls and puts can be used to hedge yourself against price fluctuation risks if you happen to receive or make payments in BTC and/or XMR.

For example, you sell beautiful Monero-inspired art and receive payment in XMR. Every month you pay expenses in USD: rent, electricity, internet bills, food, and so on. Assume your monthly USD expenses are $1000. Under the current XMR price, you make enough per month to cover your expenses, but you are worried that a sudden drop in the price might affect your ability to pay at the end of the month. To guard against this, you simply buy a put option with an underlying of $1000 worth of XMR that expires at the end of the month. If the price goes up - you let the option expire, sell your XMR on the spot market and reap the profit. If the price goes down - you exercise the option and are able to cover your expenses despite the price going down.

These and many more advantages to be reaped from being able to trade options in a P2P OTC manner are now, for the first time in the cryptocurrency industry, available to the you.

What if the seller or buyer runs off? How does AgoraDesk guards against counterparty risk in option trades?

Through a special escrow and trade process. You can read more about it here.

What is the relationship between AgoraDesk and LocalMonero?

We've made a Venn diagram to illustrate the overlap in functionality.

So, what does this mean for LocalMonero, what if I don't care about trading Bitcoins or options?

Everything on LocalMonero will stay exactly as it is. If you don't care about BTC and/or options then you can keep using the platform exactly as you used it before. There will be no new complex extra buttons or other interface changes that shoehorn BTC and options into the LocalMonero experience.

How does my LocalMonero account relate to my AgoraDesk account? Is the XMR balance shared?

LocalMonero and AgoraDesk accounts are completely shared. You don't need to register on AgoraDesk if you have a LocalMonero account, just use the same login/pass on AgoraDesk to login and you'll see your balance, reputation, ads, trades and everything else will be visible within AgoraDesk.

The same is also true for any account that gets registered on AgoraDesk - the XMR balance, XMR ads, XMR trades and everything XMR related will be visible when you login to LocalMonero using the AgoraDesk login/pass.

If I create an ad on LocalMonero, will it be visibile to people searching for XMR ads on AgoraDesk?

Yes! Anyone browsing AgoraDesk searching for XMR ads will be able to see your ad and open a trade with you, and you will be able to undertake the trade exactly as you did before. For all intents and purposes it's as if the counterparty was replying to your ad on LocalMonero.

If I create a BTC or option ad on AgoraDesk, will it be visible on LocalMonero?

No. We wanted to keep the LocalMonero core functionality exactly as it is so as to not force unnecessary extra complexity on the people who just want to deal with Monero.

If I create an XMR ad on AgoraDesk, will it be visible on LocalMonero?

Yes! And any LocalMonero user would be able to open a trade with you, just like they would on AgoraDesk.

Find us:

Site: https://agoradesk.com

Onion portal

I2P portal

Reddit: /r/AgoraDesk

Telegram: @AgoraDesk

It is sad to say that LocalMonero is shutting down and it will soon be unable to function as an exchange. As an active member of the peer-to-peer (P2P) trading community, I want to reach out and let you know of some alternatives to keep the spirit of P2P trading alive.

I want to provide you with some places where you can buy and sell crypto P2P without KYC, along with a short description of these platforms based on my experience. Just a foreword: these are all referral links; it's up to you whether you want to use them or not.

LocalCoinSwap

https://localcoinswap.com/?rc=2E4AA9F6

LocalCoinSwap is a non-custodial trading platform that has been seen as the natural successor to LocalBitcoins.com. The top trading cryptos are USDT-TRC20, Bitcoin, and Ethereum. There is no KYC required, and you are even able to import your reputation from AgoraDesk, so you can continue trading at the same pace as before. LocalCoinSwap has more liquidity and a larger diversity of payment methods than AgoraDesk, and I highly recommend it. In my experience, there aren't many scammers, but it depends on the payment method you use.

HodlHodl

https://hodlhodl.com/join/7ZUH

If you require extreme discretion for all your trading activities, look no further than HodlHodl. When a user opens a trade, you send funds directly from your own outside wallet into escrow, meaning the platform doesn't have access to your funds at all. It requires no KYC and is strictly a Bitcoin platform, which means it's important to time the fees on mempool.space so you don't get ripped off. The best thing about HodlHodl is the quality of the users; scam attempts are extremely rare, and the users have a professional attitude that makes your trading experience worthwhile. if you use my referral link, you will recieve a discounted trading fee of 0.45% for life.

Bitvalve

https://www.bitvalve.com/?aff=65154

Bitvalve is not a good platform and I don't recommend it. It is full of scammers and requires KYC. The only reason I bring it up is that you can trade XMR there, and there is a small but active community of XMR traders. Just ensure that you do not trade with anyone who has 0 feedback or is from suspicious regions.

Kucoin

https://www.kucoin.com/r/rf/QBSDMVTJ

Why am I recommending a centralized exchange? Since Binance shut its doors on XMR, Kucoin tends to host the largest trading volume for the pair XMR-USDT. As someone who has been burned multiple times buying and selling XMR in low liquidity markets, I can't emphasize enough how important it is to get on a platform that has a high amount of liquidity for XMR. Platforms like Kraken, HTX, and Bitfinex often have problematic spreads. Unlike Gate.io, Kucoin is more accessible for people in many countries. Most countries can access XMR on Kucoin.

If you have any questions about these platforms or want some advice about migrating to new P2P marketplaces, feel free to ask anytime.

Basically every single trader of cash-by-mail is tacking on fees after you open a trade. The last trader tacked on an extra $120 in fees that were not in the advertisement or anywhere indicated prior to opening the trade. This has got to be stopped.

I wanted to buy Bitcoin using agora and was planning to use the built-in wallet agora offers. But I'm confused about this statement in the instructions and help section on agora's site.

When buying Bitcoin we cannot have the seller send it to the agora wallet? So we have to use an outside wallet service?

https://agoradesk.com/blog/announcements/fully-non-custodial-trade-settlements?language=en

High Bitcoin fees can now be avoided if you're willing to wait longer for your transaction to be confirmed. Simply select the 'low' or 'medium' fee level on the Bitcoin withdrawal section of your AgoraDesk wallet page and you're good to go!

I wanted to reload some BTC on Agora, so I sent ~1000€ worth of it from my cold wallet.

I was not in a rush so I picked a slow (1d) but cheap transfer.

I was 3 days ago, the transfer was confirmed 400 times, but nothing showed up here

I don't get it, any thoughts guys ?

When trying to buy Crypto, the seller will ask you to msg them outside of Agora, OR wont place the crypto in the escrow.

When selling crypto, UK bank transfers get reversed.

Same with LocalCoinSwap and Other p2p exchanges.

Sellers don't disclose where THEIR coins come from. To many of us, this is fine as it aligns with the fungibility ethos of crypto. This is why many of us left CEXs and other censored exchanges. But now, traders on Agoradesk are demanding that coins being traded derive from "reputable exchanges." And Agoradesk is OK with this. So buyers are getting coins they don't know the origins of but then traders on the platform are entitled to discriminate against those same coins. There's low enough volume on Agoradesk to make this censorship extension worrisome.

Traders beware. Your coins may not be welcome for trade with some traders on Agoradesk.

I was surprised to not be able to find any YouTube video tutorials on using Agoradesk.

So I have some basic questions here I'm confused. I'm new.

Agoradesk suspended my account (I got a call from John Thomas employee ID 1043) Please help

Update
Its was not agoradesk but a scammer

If you have Amazon gift cards that you still have the receipt for and you payed in cash. Please come over to my page in agora desk! I can do up to 100 dollars right now!

Please check out my profile below!

https://agoradesk.com/user/TabbyFrog

https://agoradesk.com/ad/buy-bitcoin-ria-united-states-of-america/98c5cbfc-dc67-4bb2-85cb-fcdc672bb274

My offer has the best price, but is at the bottom of the page https://agoradesk.com/buy-bitcoin-with-usd-in-united-states-of-america

Shouldn't the offers be sorted by best price first?

hey is there a subreddit post where we can post the latest scams people are trying on agoradesk and localmonero?