A LocalRamp alternative: P2P USDT trades under escrow
Unigox is a LocalRamp alternative where a P2P merchant or payment business, not the ramp, fills each USDT or USDC trade under escrow. You set your sell markup in a dashboard, not by email. Stay with LocalRamp for other coins.
When to stay with LocalRamp
Your users trade coins beyond stablecoins
LocalRamp's buy widget lists more than 120 cryptocurrencies and its sell widget takes coins such as BTC. The Unigox widget trades USDT and USDC only.
Coins must arrive at an address your app sets
Your app passes destination_address when it opens LocalRamp's buy widget, and the coins are sent there. A buy in the Unigox widget is credited to the buyer's Unigox Wallet, and USDT can be sent on from it. In its sell widget your users send coins from their own wallets, while a Unigox seller first moves USDT into the Unigox Wallet.
Your company buys over $100,000 of USDT at once
LocalRamp runs a separate institutional on-ramp API for amounts above $100,000, paid in local currency. On Unigox, OTC deals run only between EUR or GBP and stablecoins.
LocalRamp and the Unigox widget: pricing, fees and payouts
| Topic | LocalRamp | Unigox |
|---|---|---|
| Who sets the price and who pays the local side | LocalRamp. Its quote sets and locks the price at which LocalRamp buys or sells the coin, except in rare high-volatility cases. The docs do not say who sends the local payment. | A P2P merchant or a payment business. The USDT or USDC stays in on-chain escrow until the trade closes. |
| Fee to the user | A flat processing fee in the local currency, deducted from the amount, beside the exchange rate. Buys also show an estimated network fee. | Varies by currency and sits inside the rate the user sees before confirming. |
| What the partner earns | A percentage partner fee on buys and sells, built into the rate and set up by email with LocalRamp. Earnings go weekly to your USDT wallet on its dashboard. | 20% of the Unigox fee on completed buys and sells, paid as agreed at setup, plus your own markup on sells only, set in the partner dashboard. |
| Coins on offer | More than 120 cryptocurrencies on buys and coins such as BTC on sells. Your own LocalRamp wallet can also swap between coins. | USDT and USDC. |
| Payouts and collections by API | Payouts sell crypto you hold in your LocalRamp wallet. Collections pay you in USDT and are open to select businesses; withdrawing by API needs LocalRamp's permission. | The Payments API spends and receives USDT or USDC in your partner wallet, and you can limit orders to payment businesses. |
| Webhook check | Each webhook carries a localramp-webhook-token header holding the token you set in the dashboard. | Payments API webhooks are signed with HMAC-SHA256 and retried when a delivery fails. |
| Regulation | Its terms, privacy and AML pages name no legal entity and no licence or registration. The AML policy mentions reporting to FINTRAC but gives no registration. | Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow. |
UnigoxMove from LocalRamp to the Unigox widget
Book a call about your routes
List the currencies your LocalRamp users pay or get paid in, such as GHS, KES or UGX, and whether they buy, sell or both.
Set the markup yourself
Instead of a partner fee arranged with LocalRamp by email, you set the sell markup yourself in the Unigox partner dashboard once your widget key is issued. There is no markup on buys.
Replace the LocalRamp script
Where your page loads onramp-inline.js and calls LocalRampBuy or LocalRampSell, add the Unigox embed code. Each user passes the Unigox identity check before trading.
The LocalRamp alternatives FAQ
How does LocalRamp work for businesses?
It gives businesses widgets and APIs to buy and sell crypto for African currencies by bank transfer or mobile money. It also collects local payments settled in USDT and swaps coins in its wallet. LocalRamp prices each trade itself.
Is there a LocalRamp fee table?
Its docs publish no fee table. Each quote shows a flat processing fee in the local currency, taken from the amount, next to LocalRamp's exchange rate. Buys add an estimated network fee, and a partner fee may be built into the rate.
Which companies are like LocalRamp?
LocalRamp's closest competitors are ramps that join crypto to bank transfers and mobile money in African markets, such as Paychant, Fonbnk and Kotani Pay. Unigox is one for sites whose users trade USDT or USDC and that want a P2P merchant or payment business on the other side, under escrow.
Read the Fonbnk comparisonPut Unigox escrow behind your users' trades
On the call, Unigox checks which of your users' currencies are live and issues your widget key.
LocalRamp and other names and logos are trademarks of their respective owners. Unigox is not affiliated with, endorsed or sponsored by them. Information about other companies comes from public sources, mainly the companies' own websites, and each company can change its products and fees at any time.