Your security
starts with the way you use your wallet.
LocalMonero is designed to keep the important parts of your account and wallet under your control. From protecting access to your account to securing wallet data on your device, each part of the application has its own layer of protection.
Simple habits that help keep your
account, wallet, and trades protected.
Protect your device
Keep your operating system and security software up to date. Avoid using LocalMonero on shared or untrusted devices.
Back up your wallet
Keep a secure backup of your seed phrase so you can restore your wallet if your device is lost, damaged, or replaced.
Keep your app updated
Use the latest LocalMonero release to get current fixes and improvements. Download updates only from the official website.
Watch for suspicious activity
Check trade details before confirming payments and be careful with unexpected messages, links, or requests from other users.
Multiple layers of protection.
One secure trade.
Every trade follows a structured process designed to protect both parties from start to finish. Each step is recorded, confirmed, and completed before the trade moves forward.
Independent Verification
Each step of the trade can be checked by both participants. Clear trade history, confirmations, and status updates help both sides keep track of what has happened and what comes next.
Fraud Prevention
Escrow, trader reputation, and structured trade workflows work together to reduce common scams and help both parties follow the agreed trade process.
Secure Dispute Resolution
If a disagreement occurs, the trade record, including messages, timestamps, and payment confirmations, can be reviewed to help resolve the dispute.
4-of-5 multi-signature
escrow mechanism.
When a trade opens, XMR is locked in multi-signature escrow. This means no single party — not you, not the counterparty, not LocalMonero — can release the funds alone.
Result: Any 4 keys can unlock. This ensures funds are released only when both parties agree, or when an arbiter validates a dispute.
Know where the platform
can help and where it cannot.
We Can Help
- Trade disputes — Review disputed trades and the information available from the trade.
- Payment issues — Help handle disputes when a payment does not go as agreed.
- Trade fraud — Investigate reported issues and take action where the platform can.
- Account access — Help with account-related issues and available recovery options.
- Technical problems — Help troubleshoot issues with the LocalMonero application.
- Platform abuse — Review reports of scams, impersonation, and other misuse.
We Can't Do
- Restore a lost seed phrase — If your seed is lost, we cannot recreate it.
- Access deleted wallet data — Wallet data that has been permanently lost cannot be restored by us.
- Reverse blockchain transactions — Confirmed Monero transactions cannot be reversed.
- Access your private keys — We cannot retrieve or recover keys that are not available to you.
- Recover lost passphrases — If you lose the credentials needed to access your account, recovery depends on the available account recovery method.
- Reverse funds sent to the wrong address — Blockchain transfers cannot simply be cancelled or recalled.
Your privacy is
already protected.
Download the app and start trading. Every trade is encrypted by default. No setup required.