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Developing Local bitcoins exchange clone to stay miles ahead of the Competition

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Mariyana George
Developing Local bitcoins exchange clone to stay miles ahead of the Competition

LocalBitcoins is a well-known peer-to-peer cryptocurrency exchange where trading of digital assets can be done either online or offline instantly and safely by users. 

What is a LocalBitcoins clone?    

It is a 100% white label solution that can be readily used for digital trading of assets. The LocalBitcoins clone solution is free from any technical bugs due to rigorous testing implemented beforehand. The entire solution is feature-packed, completely customized and also highly scalable. 

Eye-catching Features of the LocalBitcoins exchange clone script 

  • A variety of trading options - Users can trade their assets through over-the-counter (OTC) trading facilities, margin trading, and futures trading easily. 

 

  • A live chat facility - Crypto buyers and sellers can interact easily via the real-time chat facility to negotiate the terms and conditions related to the trade.
  • A Cryptocurrency staking mechanism - Staking involved the deposit of crypto assets by the users in a compatible digital wallet for a certain period to earn high rewards. 
  • An integrated affiliate program - Existing users can easily refer new users to the LocalBitcoins trading platform and get attractive discounts on transaction charges and trading fees.
  • An escrow system - To prevent disagreements and conflicts between the buyers and sellers while processing a crypto trade, the escrow system holds the asset safely and releases the crypto asset to the buyers’ wallet only after he/she pays the seller.
  • An ad posting facility - Buyers and sellers can freely post about trading requirements through advertisements containing details like the quantity of assets to be traded, the time till which bidding is permitted, the price offered, and the accepted payment methods.
  • Integrated digital wallets - The crypto tokens and coins of the users can be safely stored in the leading digital wallets like MetaMask and Trust wallet.
  • Access to transaction history - The traders get access to all the information about their past payment activity on the trading platform. 
  • Technical support - 24x7 technical support is rendered by proven experts in numerous languages. 
  • Real-time price ticker - The changes in the prices of cryptos are instantly reflected on the price ticker ensuring that the traders take the best investment decision always. 

Development model adhered to while building the LocalBitcoins Clone

  • Analyzing the business requirements of the firm beforehand.
  • Preparing a detailed project outline containing several phases of development. 
  • Commencing the development of the solution by adding all the needed features and functionalities.
  • Testing the trading software extensively to remove all glitches and vulnerabilities.
  • Deploying it on the blockchain network of the client.
  • Launching it officially in the market to get maximum traction. 

 

Final Thoughts

Cryptocurrencies have captured the interests of institutional investors worldwide now. With centralized crypto exchanges suffering from frequent hacking attacks, peer to peer exchanges are better as it gives more priority to user safety. Hence, get hold of the LocalBitcoins clone script to acquire a greater market share in the industry soon. 

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Mariyana George
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