How To Start P2P Cryptocurrency Exchange Like Localbitcoins?
Localbitcoins Clone Script is the best way to start a cryptocurrency exchange platform like LocalBitcoins. Localbitcoins exchange platform is proving to be popular among cryptocurrency traders from all over the world. It offers advanced trading options and high security for traders. Most of the business startups seek the LocalBitcoins clone script to build their own cryptocurrency exchange website like Localbitcoins.
Why Users Prefer Localbitcoins?
Localbitcoins is a popular peer to peer cryptocurrency trading platform where users can buy and sell cryptocurrencies like Bitcoins, Ethereum, Lite coin and so on. It allows users to buy & sell cryptocurrencies with the other users instantly. In the trading process, the transactions between buyers and sellers are highly secured with the help of Escrow security.
Compared to other cryptocurrency exchange platforms, LocalBitcoins is preferred by the majority of the crypto-traders because of the instant buy/sell bitcoins.
There are some unique features that the LocalBitcoins are providing for users which makes it vital in the crypto-market. (The below video shows how LocalBitcoins exchange works).
How does Localbitcoins Clone Website work?
The following shows how the LocalBitcoins exchange works,
First of all, you have to signup the registration form and then log in to your account for a trading process.
After login to your account, post your advertisement for other peoples to trade or else choose the advertisements(i.e) posted by other users. and then notifications are sent it to the buyer/seller.
Then if you want to buy/sell bitcoins on that exchange platform, you have to check the seller/buyer's trade history (scores, number of trades ).
After that click on the buy/sell option, the chat window will enable, and then you can type an amount wish to buy/sell and then send trade requests.
With in the time duration, the buyer and seller can complete the transactions or else the transactions can be terminated.
Once after the fiat exchange is done, the buyer needs to the snap on the "Make payment complete", for the indication of Seller to deliver the Cryptos from the escrow's wallet to the Buyer's wallet so as to finish the exchange.
White Label Localbitcoins Clone Script:
It is a website clone script that consists of existing features of the LocalBitcoins website with enhanced features and works like Localbitcoins exchange. You can launch your own cryptocurrency exchange website like Localbitcoins using local bitcoin clone script.
What are the Features of Localbitcoins Clone Script?
In local bitcoins clone script, there are lots of amazing features are available. The following are the features of our LocalBitcoins clone script,
- Escrow Wallet
- Two-factor authentication
- Multi-currency support
- Reputation System
- Dispute Resolution
- KYC Verification
- Proximity Match
- User-friendly
- Premium UI/UX
- Online/Offline trading options
- Ads posting
Escrow wallet:
The escrow wallet is activated, if the trader request for the trade. Then the bitcoins are held on the escrow service. When the seller accepts the trade, the process gets executed then escrow release the bitcoins. The process is been completed.
Two-factor authentication:
For high secure trading, this platform offers two-factor authentication for the buyer and seller to avoid hacking.
Multi-currency support:
In the Localbitcoins Exchange platform supports many of the cryptocurrencies like Bitcoin, Ethereum, Litecoin and etc.
Reputation system:
Based on the past activities or feedback of the user, the LocalBitcoins exchange gives a reputation rank. This reputation rank to a user can easily choose the trader for trading.
Dispute Resolution
If any issues on the transaction occur between the buyer and seller, the dispute resolution is taken by the admin.
Ads Posting
In this exchange platform, users can post advertisements about their trading process to others.
Online/Offline trading process
In this exchange platform, two trading process is available. Online trading is the process of buyers and sellers with escrow applications to exchange their bitcoins. Whereas offline trading is the process of transactions between the parties at any local place to transfer their bitcoins.
Where to find the reliable Localbitcoins Clone script Provider?
If you start your own LocalBitcoins exchange platform, it becomes difficult to make. You have to choose the best and reliable local bitcoin clone script providers to launch your LocalBitcoins exchange platform. Many of the clone script providers are available in the market. But choosing the best provider is more important. Based on your requirements you have to hire the best cryptocurrency exchange development company.
One of the most trusted Cryptocurrency exchange development company - BlockchainAppsDeveloper provides the best LocalBitcoins clone script to start your own cryptocurrency exchange website LocalBitcoins.
Source:
Localbitcoins Clone Script