Localethereum. com has gradually been positioning itself as a highly viable option to make transactions between cryptocurrencies and fiduciary money, before the increase of commissions in Bitcoin. With a platform based solely on ether, the native cryptoactive of the Ethereum network, the site is equivalent to the LocalBitcoins of the ETH.

ETH's buying/selling platform welcomed its users on 24 September 2017, when they opened the possibility of registering on the website. But it was not until the following month that the exchange activities began.

During the month of November of the same year, localethereum. com reported through its Twitter account that it had surpassed 2,500 ETH in transaction volume, which according to the price of the ETH at that time was equivalent to more than $1 million in transactions on the same day. By then, they had averaged over 100 transactions a day.

There are aspects related to the quality of the service provided on the platform, as well as the publicity and attention received from the media that has obviously played an important role in the growth of this site. However, there is another fact that may be playing a leading role in the increase in the number of transactions made through localethereum. com: the increase in the cost of bitcoins transactions.

For anyone who is accustomed to making transactions in bitcoin, either as a payment method or as an exchange for other cryptocurrencies or fiat money, the price increase in transaction fees has become the root of a dilemma before attempting to make any new moves in BTC.

According to the charts below, transactions in Bitcoin's blockchain went from $3 to $4 between October and November, to over $25 today. In fact, between December 21 and 23, the cost exceeded $50 per transaction.

The sum of the various facts mentioned above undoubtedly justify the growth experienced by localethereum. com despite the short time the platform has in operation. In fact, you can see on the website that there are already sellers reflecting more than 300 successful transactions around the world.

This brand is not yet close to the number of sellers in LocalBitcoins, which exceed 1000 transactions. But considering that it has been on the market for more than five years and trades with the first existing cryptocurrency (and the most recognized of all) localethereum. com does not look bad next to the well-known platform for buying/selling bitcoin.

As for the use of localethereum. com, it is simple and somewhat similar to that of LocalBitcoins. Each user, after registering his/her profile, has an ETH portfolio from where he/she can sell and receive the ETH he/she buys. There are also a variety of fiat currencies and payment methods that can be agreed upon on the site.

Among the Spanish-speaking countries with the most activity on the platform (according to the number of transactions reflected by its users) are Venezuela, Spain and Argentina; however, worldwide Russia is the nation that shows the greatest movement of funds on the site.

Despite its growth, liquidity is a factor that grows as the number of active users on the platform increases. This can sometimes involve a slightly longer wait than is ideal before agreeing on a transaction, as it is a site where the purchase/sale is a P2P agreement (person-to-person) requires a counterparty interested in our offer to start a negotiation.

The proliferation of sites where to buy, sell and exchange cryptocurrencies is both cause and consequence of the growth of this ecosystem, because the more people add to the adoption of this type of platforms, the more fluent these markets have (when the offers are selected soon after they are hung). Similarly, the more fluent the cryptocurrency market is, the more people are interested in joining this technological-financial movement.