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What is LocalBitcoins exchange platform?

Localbitcoins is a popular Peer to Peer Cryptocurrency exchange platform. Your users can buy and sell any cryptocurrency and pay the concern party with fiat or any other cryptocurrency needed. In this platform, your customers can buy and sell Local Bitcoin and other cryptocurrencies in a simple way. Here, the users can trade in fiat to crypto or cryptocurrency to cryptocurrency.

You can get our Local bitcoin clone script, where we set up you the trading platform to buy and sell cryptocurrencies via P2P trade on a secured blockchain. As known, it is a popular Bitcoins marketplace that allows users to post advertisements and request to buy or sell bitcoins.

A user who needs to buy bitcoins can post a message mentioning the amount of bitcoins they need and the price they are prepared to pay for that measure of cryptocurrency. Also, the user can choose whether to buy from people nearby or from anyone online without any geographical limitations.

Anyone, who wishes to start a business same like Localbitcoins clone business model, can purchase from us and get started, as it has in-built necessary elements to make it a successful business.

How Localbitcoins works?

  • In this escrow based peer to peer trading platform, the users both the buyers & sellers will have their own registration to login to the site & then to trade.
  • Immediately after logging in, there will be 2 options available for both the buyers & sellers. They can either choose the advertisement that is listed by other users (or) they may post their own advertisement for other users to choose & trade.
  • For Instance, if the buyer/seller wish to choose any existing advertisement that matches their choice, firstly they need to enter the amount & the payment gateway of their choice which redirects them to a page where the advertisements matching their choice will be displayed. The user could choose any of the advertisement & could start doing trade. Once after they click on the Buy/Sell, a chat window will be enabled along with the time duration left out to complete the trade. Simultaneously, the cryptos involved in the trade will be escrowed in the platform by the admin.
  • Also on agreeing the Exchange, a unique chat box opens between the buyer and seller. The user could interact in the chat window enabled, to discuss & to close the fiat currency transaction within the time span left out. If the fiat transaction is not done within the time duration mentioned, then the trade may close.
  • Once after the fiat transaction is done, the buyer needs to the click on the “Make payment complete”, for the Seller to release the Cryptos from the admin’s wallet to the Buyer’s wallet in order to complete the transaction.
Escrow

To accomplish security for the fiat currency & the cryptocurrencies involved & also to give the users a reliability in the trade, The exchange involves the escrow option between the buyer & the seller. The admin’s wallet will be the place where the escrowed cryptos stays till the transaction is complete.

Dispute resolution

Whenever any improper action is made, the buyer or seller is allowed to raise Dispute against one another. Admin inspects the issue & the dispute is resolved by the admin.

How Localbitcoins works?

Why users prefer Localbitcoins platform?

Users prefer Localbitcoins platform as it is a secured trading platform with various security measures:

Reputation system

Reputation system

In this platform, each trader has a rank based on the users feedback and the complete trading history showing past activities. Based on the reputation rank, the users can choose the trader for trading.

Escrow

Escrow

The traded bitcoins are held on the escrow service. Only when the seller confirms the trade, he releases the bitcoins and the trade is been completed.

2FA

2FA

Whenever the user logs into the account, it requests them to enter an additional PIN code sent to their mobile phone. This feature avoids hacking and this is an optional one to set if needed.

Login guard

Login guard 

The script enables to verify the user whenever they attempt to login from the same browser. If the login is from different browser, email verification is required.

Support and dispute resolution 

Support and dispute resolution 

Support team in the platform is always ready to respond user queries and resolves conflicts between buyers and the sellers.

How can you launch?

How can you launch?

If you are planning to start your own Cryptocurrency platform like Localbitcoins.com, you can purchase the accurate solution to build your business. We provide you with the below options for you to opt:

  • Customized Cryptocurrency Exchange Script
  • Readymade Cryptocurrency Exchange Script
  • White label localbitcoins PHP script.

Why should you get our Localbitcoins clone script?

  • In recent time, Bitcoins and cryptocurrencies are becoming a buzz word and is drawing attention in many Startups and Corporates by modifying the business model according to the technology.
  • So coming here, Localbitcoins is revolutionizing the way people trading cryptocurrencies locally (Peer to Peer) thereby, removing the barrier in the buy/sell process. The platform has a great feedback system and dispute resolution making the users to gain trust to trade on the platform.
  • We provide over-the-counter(OTC) trading of any fiat currency for cryptocurrencies. Users post advertisements on the platform, they also choose the exchange rates and payment methods for buying or selling cryptocurrencies.
Why should you get our Localbitcoins clone script?
Benefits

Benefits

  • For every trade, you can set the transaction feel for buy/sell bitcoin
  • Users can see the profits from all the transactions done on the exchange.
  • The transaction is considered complete only when the fee is moved into the user’s wallet and the buyer receives the cryptocurrency into their wallet.
  • Highly secure and faster transactions
  • User-friendly dashboards for the buyers and sellers
  • The traders are chosen depending on the ratings from the users given in the feedback system

Hope you had a quick note on Localbitcoins Clone Script. Let us have a brief discussion here.

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