A LocalBitcoins Clone App Development Solution in 2022

0
42

Localbitcoins Clone Will Revitalize P2P Crypto Exchange.

Bitcoin is the cryptocurrency that revolutionizes the view of money and takes the world for a quiet ride. Numerous cryptocurrencies result in the development of various cryptocurrency exchanges like Coinbase, Kraken, Binance, etc. 

Generally, crypto exchange facilitates you to trade, sell and buy various sets of cryptos with numerous payment options. LocalBitcoin is one type of such cryptocurrency which has the potential to support multiple cryptocurrencies and services on a global scale. 

LocalBitcoin supports OTC trading through which users can trade, sell and buy cryptos directly among themselves without central interference. 

Before you start to build a futuristic crypto exchange like LocalBitcoin, you should be familiar with the answer to these questions: 

Are LocalBitcoins Clones Ready-To-Use And Scalable? 

Exactly Is LocalBitcoins Script? 

What is the necessity to launch cryptocurrency exchanges like Localbitcoins?

Let’s see. 

LocalBitcoins Clones Are Ready-To-Use And Scalable

LocalBitcoin Clone Script is a P2P cryptocurrency exchange script that is developed and designed with core p2p trading aspects like online/offline trading, Escrow service, and OTC trading to satisfy the crypto lover’s requirements. 

In addition, LocalBitcoins support multiplatform compatibility mode which means it facilitates to run functionalities across various frameworks like iOS, Windows, etc. 

LocalBitcoin facilitates crypto lovers to buy/sell cryptos and pay with fiat or other cryptocurrencies. This attracts the cryptoreneurs to LocalBitcoin Crypto Exchange. 

What Exactly Is LocalBitcoins Script?

Cryptos like Ethereum and Bitcoin are gaining utility value every day. These cryptos are popular due its factors like non-traceability, security, and anonymity

LocalBitcoin Clone promotes instant p2p crypto trading and facilitates the users to buy/sell cryptos directly or privately. With this exchange, users can directly sell/buy cryptos with other parties and complete their transactions. 

What is the necessity to launch cryptocurrency exchanges like Localbitcoins?

Localbitcoins Exchanges Advantages 

  1.  LocalBitcoin facilitates users to buy cryptos with any type of fiat currency. 
  2. It works entirely on a decentralized mechanism that facilitates the users to deal with their parties directly. 
  3. For security purposes, Two Factor Authentication is enabled. 
  4. The biggest p2p trading platform with 100000 registered users and with a trading volume of $11,325.37 USD in the global marketplace. 
  5. This exchange supports 248 and more countries to sell/buy cryptos with local currency without KYC verification.
  6. It is a decentralized platform that facilitates the users to trade directly without the interference of the central admin or any third parties. 
  7. This platform permits the users to sell/buy cryptos by posting ads on websites along with payment methods and trading rates. 
  8. The unique feature of the LocalBitcoin platform is that it provides a feedback and reputation mechanism to filter and find reliable traders on the platform. 
  9. This exchange allows the users to fix their price and limit for trading. Here there are no limitations for selling and buying cryptos.
  10. It supports numerous payment methods, specifically, Cash Deposit is the most famous payment method used by the users.  
  11. KYC data verification or ID verification is not needed in the LocalBitcoin exchange instead it asks only the email address for Login/Signup. Sometimes buyer/seller might request verification before starting to trade. 
  12. The payment method will be speed effective. The cryptos will be delivered to the users in an hour once the payment is done through the cash deposit method. Here cash trades are faster and easier to organize.
  13. This exchange charges a minimum fee of 1% for all trades. But fees may differ according to the payment methods. 
  14.  It has a customer support system that supports the users during trading on the website. Additionally, it has an email support system that supports users with email. It also has forum platforms where users can put their queries and they will be answered by the support team of LocalBitcoin. 
  15. A dynamic pricing system with hundreds of sources confirms to the users that prices made by them are up to date. 
  16. This platform has an API that facilitates users to make their trading applications automatic. 
  17. LocalBitcoin’s trading service use Escrow protection which offers a safe and secure exchange for seller/buyers. 
  18. Overall, LocalBitcoin is one of the biggest p2p crypto exchange platforms which facilitates the users with quick and easy trading services.

Business Benefits of LocalBitcoins Clone

Here, let’s see the top-most advantages of LocalBitcoin Clone

  1. You have the control to fix transaction fees for traders to sell/buy cryptos. 
  2. You can earn commissions for every traction that takes place on your exchange. 
  3. Once all the transactions get completed, the commission amount gets transferred directly to your wallet. 
  4. LocalBitcoin clone provides faster execution and ultra-high security for all transactions. 
  5. A user-friendly dashboard facilitates traders to buy/sell cryptos easily. 
  6. The integrated feedback system supports users to rate the reliability of your exchange and seller/buyer.
  7. It facilitates the users to promote their requirements through the posting of ads. 
  8. Moreover, an Escrow wallet completely protects the traders. 

Revenue Model of LocalBitcoin

  1. Trade Commission
  2. Withdraw Commission
  3. User Rating
  4. Ads Calculation On Both Sides
  5. Temp Status
  6. Max and Min Check
  7. Chat Set in Node.js

From the above advantages, business benefits, and revenue model you can understand why Cryptopreneur are running towards crypto exchanges like LocalBitcoin. And you can also see how the LocalBitcoin clone excels other exchange clones in the crypto world. 

Closing Thoughts

The LocalBitcoin is an intermediary platform where traders can agree and meet their conditions satisfied on the exchange. The exchange has built-in automatic exchange tools which control the transaction taking place on the site. LocalBitcoin exchange aims to profit the people who make a transaction on their platform.

LEAVE A REPLY

Please enter your comment!
Please enter your name here