The Local Trader feature represents one of Mycelium’s most innovative offerings, creating a complete peer-to-peer Bitcoin exchange ecosystem within the wallet. This functionality enables users to find buyers and sellers of Bitcoin in their geographical area, facilitating direct trades without centralized intermediaries. Users can create advertisements to buy or sell bitcoin, specifying preferred payment methods including bank transfer, cash deposit, or in-person cash exchange. The platform allows setting custom exchange rates and transaction limits based on market conditions and personal preferences. A built-in escrow system managed by Mycelium provides protection for both parties, holding bitcoin securely until payment confirmation. This feature proves particularly valuable for users seeking to avoid identity verification procedures, those in regions with limited banking access, or anyone preferring direct trading relationships. The marketplace fosters local Bitcoin economies and enables users to set their own trading terms. To access this innovative marketplace, you must first install the main application. Sourcing the genuine app from its official channel is the essential first step.
