What is Local Traders (LCT) Crypto Coin? The Truth About This LATAM P2P Token

Local Traders (LCT) is a cryptocurrency token built for peer-to-peer crypto trading in Latin America. It runs on the BNB Smart Chain as a BEP-20 token and is tied to a platform that claims to offer video calls, legal help, and tax advice for traders in the region. But here’s the catch: despite its ambitious goals, LCT has almost no real-world use. Trading volume is zero. Liquidity is gone. And most people have never heard of it.

What Exactly Is LCT Supposed to Do?

Local Traders says it’s the first P2P exchange that combines crypto trading with live video verification, legal protection, and tax guidance-all in Spanish and Portuguese. The idea sounds useful. In countries like Brazil, Argentina, and Colombia, where banks are slow or distrustful, people rely on P2P platforms to buy Bitcoin with cash or bank transfers. But most platforms don’t offer legal support or help with tax forms. Local Traders promised to fix that.

The LCT token is meant to be the engine of the platform. You’re supposed to use it to pay lower fees, unlock video call features, and access tax consultants. It’s like a membership card for the exchange. But without users actually trading, the token doesn’t do anything. It’s a key without a lock.

Technical Details: BEP-20 on BNB Chain

LCT isn’t on Ethereum or Solana. It’s a BEP-20 token, meaning it lives on the BNB Smart Chain. That’s the same network behind Binance Coin. This isn’t a bad thing-it’s fast, cheap, and compatible with wallets like MetaMask and Trust Wallet. You can store LCT in any wallet that supports BEP-20 tokens. But that’s where the technical strength ends.

The total supply is fixed at 300 million LCT. That’s straightforward. But here’s where things get messy. Different sites report wildly different numbers for how many LCT are actually in circulation. CoinMarketCap says 179.99 million are circulating. Bitget and Liquidity Finder say zero. That’s not a rounding error. That’s a red flag. If no tokens are moving, why does one source claim nearly 180 million are out there? Who holds them? And why can’t they agree?

Price and Market Data: A Token With No Buyers

As of late 2025, LCT trades at around $0.00046 per coin. That sounds tiny, but it’s not the price that’s the problem-it’s the lack of buyers. CoinMarketCap reports $0 in 24-hour trading volume. Liquidity Finder confirms the same. Zero. Not $500. Not $5. Zero. That means no one is buying or selling LCT right now.

The market cap? Around $103,000. For comparison, even the smallest legitimate crypto projects usually sit above $10 million. LCT is ranked #7119 on CoinMarketCap. That puts it in the bottom 0.1% of all cryptocurrencies. Tokens in this range have a 92% failure rate within 18 months, according to Messari’s data. LCT isn’t just obscure-it’s in the danger zone.

Who Holds LCT? And Why?

CoinMarketCap says 4,230 wallets hold LCT. That’s not a lot. If you assume each wallet belongs to one person, that’s less than 0.0001% of Latin America’s 35% crypto-adoption rate. That’s not a user base. That’s a group of early investors who bought in before the platform ever launched.

There are no Reddit threads. No Twitter conversations. No user reviews on Trustpilot. No success stories. No complaints. Nothing. That’s not normal. Even failed projects have people yelling about them. LCT has silence. That silence screams louder than any price chart.

Why Does This Even Exist?

Local Traders is registered in Chile. It claims to be one of the world’s leading P2P platforms for LATAM. But it’s not leading anything. Binance P2P handles over $1 billion in daily volume. Paxful and LocalBitcoins still move millions. Local Traders? Zero.

It’s possible this was a speculative project from the start. A team created a token, listed it on a few exchanges, and hoped for a pump. The video call feature and tax advice sound legit-but if no one’s using the platform, those features are just words on a website. There’s no evidence they’ve ever worked. No screenshots. No user testimonials. No support tickets. No GitHub activity since 2022.

Is LCT a Scam?

It’s not technically a scam. No one has proven fraud. The code is on-chain. The token exists. But it’s a classic case of vaporware. A product built on promises, not performance. The team never showed they could attract users. They never integrated with local payment systems like Brazil’s Pix or Mexico’s SPEI. They never got audited. They never published a roadmap.

Major crypto analysts like CoinDesk, Cointelegraph, and Messari have never mentioned it. That’s not an oversight. That’s a verdict. If a project doesn’t catch the attention of professionals who track hundreds of tokens daily, it’s not worth betting on.

Can You Still Buy LCT?

Yes. You can buy it on Bitget, MEXC, and a few other small exchanges. But you’re not buying a useful asset. You’re buying a gamble. There’s no liquidity. You won’t be able to sell it easily. If you buy now, you might be stuck with it forever. The price could drop to zero. Or it could rise-if someone suddenly decides to pump it. But that’s gambling, not investing.

What’s the Real Risk?

The biggest risk isn’t losing money. It’s wasting time. You could spend hours trying to understand LCT, setting up a wallet, buying the token, and waiting for it to grow. Meanwhile, you could’ve bought Bitcoin on Binance P2P, used it to pay for goods in Argentina, or earned interest on stablecoins. LCT offers none of that. It’s a distraction.

If you’re in Latin America and need to trade crypto safely, use Binance P2P, Paxful, or LocalBitcoins. They work. They’re trusted. They move money every day. LCT? It’s a ghost.

Final Verdict: A Token With No Traffic

Local Traders (LCT) is a cryptocurrency that sounds good on paper but doesn’t work in practice. It has a clear mission-helping LATAM traders-but zero execution. The token has no trading volume, no community, no support, and no future roadmap. Its market cap is smaller than a single day’s volume on Binance P2P.

If you’re looking for a crypto to trade, invest in, or use daily, LCT is not it. It’s a cautionary tale: a project built on vision without execution. Don’t be fooled by the fancy features. If no one’s using it, it doesn’t matter how good they sound.