Mycelium Local Trader is a platform operated by the providers of Mycelium Wallet rather than an exchange. The Mycelium platform offers direct trading between users who want to buy and sell Bitcoin. Unlike at an exchange, users can publish advertisements with their offers to sell Bitcoin. Interested buyers of Bitcoin can locate sellers near them by using the Mycelium app. Bitcoin is held in the wallet and released to the buyer by the seller after payment is confirmed. All conversations between buyers and sellers on Mycelium are encrypted.