Today i am writing homework task for professor @sapwood which is about a decentralized P2P crypto market by the name of localcryptos. So let me begin.

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How do you set up an Exchange niche(non-custodial) in Localcryptos? (Complete process & Screenshots needed)

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Let me demonstrate step-by-step, how to set an exchange niche in localcryptos

• Go to official website of localcryptos
  https://localcryptos.com/

• At top left corner, click on three lines and a drop down menu will appear , at the bottom of which "Sign in " option will be seen. Click on sign in and on the next page, click on "Dont have an account? Let's create one. ".

• Next we will have two options to choose from, one is via Email address and another is via Etherium. I choose to sign up with email address and click "Continue".

• Next we need to fill our username, email address and password and agree to all the terms and conditions of localcryptos as shown in screenshot below. Click on "Create an account".

• Next a confirmation email will be sent. Open email and click on verify email. Next we need to confirm that whether we are or we are not residents of Australia and then click continue.

• Next we will land into the main page of the localcryptos website and from top right corner you can check your login credentials by clicking "My account". Also there will be one notification about email confirmation. Email confirmation is mandatory to set up any offer on localcryptos.

*** ## Indicate your non-custodial wallets (BTC, ETH. LTC, DASH) in Localcryptos? How do you secure the keys? Can you re-import the wallet of Localcryptos in other wallets(of different services) For example, Can you re-import your Locaclcryptos wallet in Trustwallet? ***

Indicating Non - custodial Wallets.

• Click on top right corner of your localcryptos account, a drop down menu will appear, select an option" wallet" there and four non - custoddlial wallets will be seen. To check individual details of any one of then, click on that wallet and find the details.

Best way to secure private keys is to save them offline. To find private keys, click on any of the non - custodial wallet as mentioned above . Wallet details will be loaded and scroll down to find public adress. Alongside of address, there is option to see, copy and download. Click on download icon and we will see "Export private key " Option. To visualise the key, click on display and save it offline safely. Remember, not your keys, not your funds.

We need localcrypto wallet private key which we have to import into Trust wallet. For example , I want to import localcryptos ETH wallet into Trustwallet, so I need to do it with the help of private key. Fiirst I'll copy private key of Ethereum from localcryptos, than

• Open Trust wallet , click on settings from bottom panel and then click wallets option at the top of next page. To import another wallet, click on "+" icon at the top right corner . Next select Etherium from the list provided.

• As I have localcryptos private key , so change the option from seed phrase to private key from the option panel at the top of Trust wallet.

• Next enter the localcryptos ETH wallet private key into the box provided and enter the name of the wallet (optional) . I kept it as " localcryptos ETH wallet " . Click on import.

• Success notification will pop up.

• To cross check , again go to the settings of Trust wallet , click on wallets option and there we can see our localceyptls Ethereum wallet listed.

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. How many different fiat options available in Localcryptos?

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As for fiat options in localcryptos is concerned, I would say it caters to diverse chunk of global population by supporting more than 40 + domestic as well as international fiat options to trade BTC, ETH, LTC and DASH coins in P2P manner. In addition to crypto to fiat swap, it offers crypto to crypro swap options as well. And one more interesting feature to note is, scores of payment methods supported within particular regions . For example, in my country (INDIA) , it supports

AdvCash
Airtel
Alfa cash-in
Alipay
Bank transfer
Cardless cash
Cash (in person)
Cash deposit
Chipper Cash
EcoCash
Efecty
IMPS
Interac e-Transfer
International wire
M-PESA
Mercado Pago
MoneyGram
MTN Mobile Money
Other
PAYEER
PayNow
PayPal
Paytm
Pingit
QIWI
Revolut
SEPA transfer
Skrill
Swish
TransferWise
UPI
Venmo
WebMoney
WeChat Pay
Western Union
Yandex.Money

[Source](copied from localcrypros)

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How secure is Localcryptos as a non-custodial P2P Market? How does escrow protection safeguard both buyers and sellers?

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I would say a localcryptos noncustodial P2P market is completely secure because it is completely decentralized and absolute control of the assets is vested by the user.

Escrow protection is not something unique to local cryptos, it does exist on other platforms like Binance and Huobi but there is a great difference between those platforms and localcryptos . The escrow protection in localcryptos is onchain and smart contract based. Here traders do not need to trust each other or any third party , rather they have to trust the smart contract.

Let me mention few points which will emphasize how escrow protection safeguard both buyers and sellers.

Escrow for buyers.

• Before making payment to the seller, a seller has to move the funds to the smart contract.

• Only a buyer can cancel the trade.

• Buyer can raise the issue in case of any dispute for arbitrator to step in and solve.

Escrow for seller.

• Trade cancels automatically, if buyer fails to make payment within specified time period.

• Funds are released only after payment confirmation.

• Can raise the issue for arbitrator to step in and solve the problem.

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Create an offer as Market Maker or Perform a real trade as Market Taker to demonstrate your real experience of non-custodial P2P trade(Crypto-Fiat)? (Hint- Trading DASH or LTC is cost-effective in terms of transaction and escrow fees)? How much fee in total did you incur in the entire process, if any? (Screenshots Needed)

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Let me try to perform a trade as market taker and try to buy LTC. For doing so, from the main page of localcryptos, click on top right corner, a drop down menu will appear. From the menu, select "offer ", than on next page , click "create an offer". An offer is completed in 3 steps.

• Offer category.
• Payment details.
• Ad details.

### Step 1 : offer category.

For step 1, i choose to buy litecoin. Than select city to display and your local currency. I selected delhi and INR(Indian Rupee). Click on "Continue to step 2"

For step 2 , in payment methods, i selected UPI and in rate i choose "Dynamic market price". We can choose multiple payment options but certain options are restricted for mew users. They open only after making certain specified transaction limit like PayPal after exchanging 1500. Also for offering rate, one more option is available and that is "custom equation".

Select percentage margin and market. I selected 2% below and Binamce market. Click on continue to step 3

Step 3 : Ad details

For step 3 , we need to type a headline, terms of trade, local time zone, time period available for trade, minimum and maximum trade size, and peer condition like trading with users with or without verified phone number and location revealed or not. After setting these conditions as per your preference, click on "Post offer" And you are done.

My aincere request to professor @sapwood is to decrease the length of homework tasks because your tasks are more laborious than collective 3 to 4 other tasks. Undoubtedly they promote learning at same scale but effort/reward ratio is high. It is just a sincere request.