New P2P Feature: The ability to cancel trades

. 1 min read

Getting halfway through a P2P trade and needing to cancel for whatever reason is frustrating enough. Having to raise a dispute and wait for a dispute resolution manager to resolve the dispute for you is even worse. After requests from users, LocalCoinSwap has now solved this issue by implementing the “cancel trade” functionality.

This functionality allows a trade to be canceled by either party before the local currency payment is made. After the payment is marked as paid, the trade can only be canceled by the buyer, and not the seller. This may be useful in the case of a bank transfer that bounces, or other similar cases and still protects the buyer from fraud.

On top of providing a smoother trading process for users, this feature should significantly reduce staff time spent on dispute resolution as the vast majority of disputes are simply ones where both parties have agreed not to go ahead with the trade.

In order to cancel a trade, simply click the “Cancel Trade” button above the trade terms and conditions.

You may still raise a dispute if you have any issues with the trade at any time before completion.

Keep an eye out for more upcoming features on the LocalCoinSwap platform!

Happy trading!
The LocalCoinSwap team


2018 2019 2020 2FA 33 МЕТОДА ОПЛАТЫ AMA Arbitrage Argentina Authenticator banco central de argentina BCH Billetera bitcoin Billetera criptomonedas Bitcoin Bitcoin Cash bitcoin energy Bitcoin Halving bitcoin investment bitcoin mining bitcoin news Bitcoin Price Bitcoin Wallet bitcoins blockchain Blockfolio BTC Colombia Community Vote Como comprar compliance Comprar Bitcoin Comprar bitcoin con dinero en efectivo Comprar bitcoin sin KYC Comprar criptomonedas coronavirus criptocurrencies Criptomonedas Criptomonedas estables Crypto Crypto Wallet Cryptocurrency DAI dash Delta Direct DevTalks Dividends Economics en eng Entrevista Envío de dinero ERC20 es Escrow System Estados Unidos estonia ETC ETH Ethereum Ethereum Classic Exchange FAQ Getting Started gibraltar how to buy bitcoin ICO india Interview inversion en bitcoins inversiones invertir en criptomonedas invesment KSM Kusama Latinoamérica lcs lcs cryptoshares legislation litecoin LocalCoinSwap malta Markets MFA Monero news non-custodial P2P P2P Trading Password PAX Paxful payment method Perú Precio del bitcoin privacy prohibiciones del banco central de Argentina proof of work ProTrader regulation Remesas reputación Reputation Ripple ru safely security Sistema de Escrow spanish Spotlight Stablecoins Telegram Tether trade Trading turkey Tutorial update USDC USDT Vender bitcoins Venezuela Voting XMR XRP беседы разработчиков гид дивиденды запуск Р2Р биржи криптовалюта реферальная программа трейдинг