Cryptolocator: a complete review of the p2p exchange and wallet, reviews. Instructions for working, buying and selling cryptocurrencies
Cryptolocator is a p2p platform for buying and selling cryptocurrency and a wallet for storing coins. Traders set the conditions themselves or respond to suitable ones. The service allows you to exchange Bitcoin and Ethereum for fiat currencies and vice versa. Among others, work with the Russian ruble, Belarusian ruble, hryvnia, tenge is supported. The site has been successfully operating for over two years.
Official site: cryptolocator.com
There is a mobile application for Android et iOS.
The high exchange speed allows you to get cryptocurrency in just a few minutes. The transaction is carried out directly from person to person – such a system is devoid of the disadvantages of standard centralized exchanges, the process is more profitable and easier. The system is based on the principle of séquestre (deposit) – during the transaction, the cryptocurrency is frozen, and is unfrozen only when both users fulfill the agreed conditions.
The CryptoLocator platform has an official European registration and the necessary licenses. User data is protected by 2FA, SSL (HTTPS).
- 1 Cryptolocator Review
- 2 Registration on the website
- 3 Personal Area
- 4 Deposit and withdrawal. Working with a wallet
- 5 How to buy cryptocurrency on Cryptolocator
- 6 How to sell cryptocurrency
- 7 Commissions
- 8 Connecting additional instruments
- 9 Advantages and Disadvantages
- 10 Conclusion
|Products||p2p platform; wallet|
|Year of foundation||2017|
|Place of registration||Estonia|
|Company name||Cryptolocator OÜ|
|Licenses||FVR001005 и FRK000897|
|Russian language support||Yes|
|Working with fiat money||Yes|
|Fiat currencies||USD, RUB, EUR, etc. All common and many rare of the world’s currencies|
|Cryptocurrencies||BTC, ETH, USDT stablecoin|
|Payment options||Bank Transfer, QIWI, Yandex.Money, ADVcash, Alipay, Astropay, Cash (ATM or Mail), Gift Cards, Google Wallet, MobilePay, Moneygram, Neteller, Payeer, Payoneer, PayPal, Perfect Money, Skrill, Webmoney, WeChat , Western Union|
|Minimum ad amounts||0.05 ETH and 0.001 BTC or fiat equivalent|
|Commissions for transactions||1% for each trade from the ad creator|
|Withdrawal fees||BTC 0.0002, ETH 0.00084|
|Verification||Required for transactions worth more than 1000 euros|
|Safety||Two-factor authentication. Encrypted connection. Escrow escrow to protect against fraud|
|Mobile app||Available for Android and iOS|
|Telegram bot||Available: @CRYPTOLOCATOR_BOT|
|Contacts||https://t.me/cryptolocatornews, https://www.facebook.com/cryptolocator/, https://vk.com/cryptolocatornews, online chat on the site|
Registration on the website
To create an account on the Cryptolocator exchange, click “Register” at the top of the main page.
Fill in the fields:
✅ E-mail address.
✅ Password (at least 8 characters, 1 capital letter or symbol).
✅ Password repeat.
Solve the captcha. If desired, confirm by ticking the boxes that you agree to receive project news and provide data on the use of the platform. These are optional conditions.
Then click “Register”.
Receive an email and follow the link from it to confirm your email.
Let’s move on to the second step of registration – filling in personal data. On this screen, you will need to enter your first name, last name, date of birth, country and address of residence, and also confirm that you are not a resident of Canada or the United States, and that you are over 18 years old. Then you should answer the question of whether you have a politically exposed person in your family.
All data entered is strictly confidential and will not be displayed in your account profile.
After specifying the information, click “Save”. This completes the registration, you can start trading.
Cryptolocator account verification
To pass verification on the Cryptolocator and expand trading limits, click on your account name in the upper right corner, and then find the item “Pass” next to the item “Verification”.
On the next screen, click the “Start verification” button.
Upload a scan of your passport or other identity document.
Confirm that the photo / scan contains all the required elements.
Enter your first and last name (should be recognized automatically from the scan).
Wait for notification of successful completion of the procedure.
After that, you can observe the following picture in your personal account.
Please note that verification is highly desirable not only to expand the limits, but also because many sellers agree to cooperate only with buyers who have verified their identity. I would also like to note that the verification procedure on this site is very simple, you do not need to take a selfie with a document or upload utility receipts confirming the address.
Access to your personal account on the Cryptolocator website is carried out by clicking on the link “My profile”.
This is an informational page where you can view basic statistics for your account.
In order to edit and configure your account, select the “Edit Profile” item.
The page contains several sections:
- Basic information. Here you can see your username, change your email and password, specify the time zone and write a short information about yourself.
- Personal information. Here you can edit the data entered during registration: name, address, date of birth.
- Safety. Initially weak. To increase, click “Edit Options”, enable Authenticator and Login Security.
- Verification. Shows information about whether e-mail, phone number and identity are verified.
- Notifications. Allows you to enable event notifications by email or SMS, as well as push notifications.
Deposit and withdrawal. Working with a wallet
On the Cryptolocator website, each user has their own wallet, which can be replenished or, on the contrary, withdrawn from it. You can get into the wallet through the same menu by clicking on the appropriate button.
From the “Send” tab, the cryptocurrency is transferred to another wallet. Specify in the left (bottom or top) field the amount to be withdrawn, in the right fields of the currency in which these amounts should be displayed. Then enter your ETH or BTC wallet address, comment (optional) and click “Continue”. Before that, check that the address is correct, since it will be impossible to cancel the transaction and the CryptoLocator is not responsible for the lost money.
Using the “Receive” tab, you can top up the system’s internal account. Specify the desired deposit cryptocurrency. Copy the generated wallet address and transfer the required amount to it. You can also use the QR code.
On the “Exchange” tab, you can exchange Bitcoin / Ether for USDT or vice versa. This will allow you to protect yourself from fluctuations in cryptocurrency rates by simply converting your savings into dollar equivalent at any second. You can exchange cryptocurrencies for no more than 2,000 USDT per day.
How to buy cryptocurrency on Cryptolocator
To buy cryptocurrency, click the “Buy” button in the top menu.
All currently available offers are visible in the table that opens. Sellers can be sorted by price or rating. The seller’s rating is formed depending on the total number of transactions carried out by him on the site.
When choosing, you should pay attention to the seller’s response speed. A seller with a green dot next to his name responds within 5 minutes. If gray, then more than 30 minutes. If yellow – from 5 to 30 minutes.
Next, pay attention to the payment systems that the seller works with and which are convenient for you, as well as the rate at which the seller trades, and the indicated limits. If you are not satisfied with the limits, then you can agree with the seller to increase them or buy the required amount from several different sellers.
Having decided on the offer, click “Buy”.
Review the conditions. You can go to the seller’s profile and see his statistics and reviews. Then fill in the fields and click Submit Trade Request. The generated request looks like this.
Next, you need to wait for the seller to answer, and in the meantime, indicate the desired bank for the operation and the details. Pay for the created application and inform the seller that the transfer has been made. When he sees this, he in turn will send the cryptocurrency.
After a successful transaction, you can leave a review to the seller, this will help other users.
How to sell cryptocurrency
Click the Sell button in the top menu.
You can use the filters at the top of the screen – select the cryptocurrency you want to sell, the country, the payment method and the currency you want to receive. As in the case of a purchase, here indicators at the usernames indicate their response time.
Once you have selected the right seller, click Sell.
The procedure as a whole is not much different from buying a cryptocurrency. You need to fill in the main fields, transfer funds, wait for the seller to see them, and receive payment.
For any deal, you can open a dispute 60 minutes after it is marked completed. Disputes are resolved by the administration within 24 hours.
On Cryptolocator, there are no commissions for buying or selling cryptocurrency, as well as for depositing funds. But the creator of the ad is charged 1% for each trade made.
For withdrawal of funds, the commission is BTC 0.0002 or ETH 0.00084.
Connecting additional instruments
For the convenience of work, you can synchronize your account with a telegram bot or a mobile application.
Installing the Cryptolocator app
Search for Cryptolocator in the app store from your device. Click Install.
After the standard installation procedure, launch the application, read or skip the help information.
In the next step, the application requests your individual token.
To get it, log in to the website and click the “Connect mobile application” button in the side menu.
On the next screen, enter your password and receive a token in the form of a QR code.
Take your phone and scan this code through the app. Set the pin code that will be used to log in in the future.
Done, now you can use your account from your phone.
Telegram bot connection @CRYPTOLOCATOR_BOT
Using the @CRYPTOLOCATOR_BOT bot, you can perform all operations even faster:
✅ Withdraw BTC / ETH and make a deposit.
✅ Chat with a seller or buyer.
✅ Respond to ads.
✅ Receive instant notifications about deals.
The messenger provides full functionality for transactions. To start using it, click “Connect Telegram Bot” in the menu on the site.
Enter your account password and get an individual token in the form of a set of letters and numbers. Copy it.
Go to Telegram and find Cryptolocator Bot there. Click “Run” and answer a few questions.
Then click Login and paste the token you copied earlier.
Now you have access to the full functionality of the exchange on behalf of your account. Use the buttons in the messenger to make transactions and manage your account.
Advantages and Disadvantages
✅ Fast and secure person-to-person exchange.
✅ Large selection of fiat currencies.
✅ Convenient interface.
✅ Financial activity license.
✅ Simple identity verification.
✅ The ability to exchange BTC / ETH to USDT and vice versa.
✅ Mobile applications for Android and iOS.
❌ Of the cryptocurrencies, only Bitcoin and Ethereum are supported.
A cryptolocator is a convenient platform that allows you to profitably and quickly change cryptocurrency to fiat or vice versa. Has a simple, intuitive interface, not overloaded with details. Account verification is also extremely simple, it takes 3-5 minutes. Convenient rating and reviews system allows you to easily find a seller or buyer with a reliable reputation.
Over the two years of operation, the site has received many positive reviews. There was not a single major failure that resulted in the loss of user funds. A team of professionals is working on the project, technical audits are regularly conducted for vulnerabilities.
Reviews about the Cryptolocator platform from the forums: