Points To Remember Before Starting A P2P Exchange Like LocalBitcoins
- Contact a top-notch cryptocurrency exchange software provider for building your crypto software from scratch.
- Boost the liquidity of exchange by connecting your exchange with others.
- Ensure the best security features are considered while developing your exchange.
- Make sure your exchange processes all the phases of testing.
- Make a partnership with the payment processor of your crypto exchange.
- Bring real-time customer support.
- Attain good funding for the venture.
- Later you can start a marketing campaign to create awareness of its existence.
Bottom Line,
Bill Gates says the future of money is digital currency & also as per the evolution cryptocurrency has gained immense popularity among all people.
Immense popularity among the individuals has created a large involvement of cryptocurrency platform users into the exchange.
As more people and business gets involved comparatively than the other decentralized platforms anyone can start making a business out of it.
Our Local Bitcoins clone script allows users to buy and sell cryptocurrency by allowing peer-to-peer transactions.
Also, our team of developers provides a ready-to-deploy local bitcoins clone script that helps any business freaks to start a website similar to local bitcoins.
Security Features Of Our Local Bitcoins Clone ScriptEscrow protectionTwo-factor authenticationDispute resolutionEmail & SMS verificationLogin guard systemMulti-signature walletInvulnerable platformHTTP AuthenticationJail LoginAsymmetric Encryption Method Sellbitbuy - popular Cryptocurrency Exchange Development Company that helps you to launch a profitable cryptocurrency exchange website similar to local bitcoins.
It involves transactions between buyers and sellers on a decentralized network.
The transactions get recorded on a distributed ledger system known as "Blockchain."
Blockchain technology helps to record all the cryptocurrency transactions.Clarity on the list of features:Undoubtedly, the bitcoin clone app has several features according to the user's business requirements.
If you are wondering about the features, then here are the key takeaways.Local Bitcoin exchange clone script has an inbuilt escrow wallet for transferring bitcoins.Suppose the buyer and the seller agree to make a deal.
In that case, the escrow wallet releases the cryptocurrency to the buyer's wallet.There is no compromise when it comes to authentication of transactions.
For this, we enable a 2F verification to secure transactions.Give your users access to the live-price ticker.
Cryptocurrency Exchange Script is the complete package of source code that lets you build an exchange platform.
In a Bussiness View, Using a Cryptocurrency Exchange Script is such a profitable idea in business.
we all know, “Time is Money” in business.
The most important advantages of using a cryptocurrency exchange script are it saves
Escrow feature offers a Multi-Sig wallet, which is the highly secured wallet and there are no chances of absconding or theft.
Two Factor Authentication is the two different authentications to verify themselves for security purposes.
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Below you will get to read all the features of our clone script.What is LocalBitcoins Clone script?LocalBitcoins is one of the most famous bitcoins marketplace that permits users to publish ads or submit their requests to buy or sell bitcoins.
A user can buy a cryptocurrency by mentioning the price and the amount of cryptocurrency they are willing to purchase and pay for a unit that helps to choose and buy whether from nearby people or from anyone all over the world via internet without considering geographical limitations.
The main fact about the LocalBitcoins exchange is, it considers with all the necessary ingredients inbuilt to run a successful business in crypto market.Some of the exciting features that add benefits to your business exchange selection lies with its units and the features available in the portal.
It is robust and smooth in capturing the fields required to the exchange process with the strapping detection and high security.How do LocalBitcoins Clone Script Work?Once the server is successfully set up with the script, then it is all well-set to run the business.The Steps to Sell BitcoinsStep 1: First, register on the platform by filling the details on the profile.Step 2: Once the account have been created, a wallet will be generated on the platform that works like an escrow on the platform.
Before posting an Ad, the platform cross-checks whether the person applying to sell have an enough balance to proceed the request.Step 4: Once the sell request Ad is posted, a notification will be received to the buyers nearby to the seller or those who have shown interest to buy cryptocurrency from anywhere.Step 5: Then the interested buyers after viewing the request can get in touch with the seller to buy the bitcoins either in direct or by way of online transaction.Step 6: The seller has the option either to accept or reject the buyer request.Step 7: After the payment is received by the seller from the buyer, there will be note mentioning that the transaction is complete and then the crypto coin is transferred to the buyer.The Steps to Buy BitcoinsStep 1: In order to buy a bitcoins, the buyer need to create a profile and then search for a suitable seller nearer to one’s own location, then rating, pricing, and expected payment options are also need to get mentioned.Step 2: Once they found the seller based on one’s buying demands, then you can contact them by placing a buying request.Step 3: Then, the seller will look the buyer's profile and make decision whether to accept or reject the buyer request.Step 4: Based on the seller acceptance, next the payment made through the option both the buyer and the seller is comfort with by notifying that the payment was done along with the proof of payment.Step 5: Once the seller received the payment from the buyer, the bitcoin is transferred from the seller's wallet to the buyer’s wallet.For the Site AdministratorThis platform is designed in such a way that the admin panel permits the site administrator to manage all the transactions made on the site.
Also, the script has a strong dispute management system that plays an important role in verifying the claims to resolve a dispute happen between the buyer and seller.Special features supported by Our Local Bitcoin Clone scriptSupports Escrow Wallet- Once the trading begins, Our Escrow wallet is activated.
What is LocalBitcoins Clone Script?Localbitcoins Clone Script is a fully white label cryptocurrency exchange website clone script.
This script is made of any website coding languages especially with PHP, Laravel, JAVA, Python, Java Script or any other.How much it would cost to setup an exchange like LocalBitcoins?All you need to start an exchange like LocalBitcoins, is Localbitcoins Clone Script.
The Cost of the raw ready made clone script ranges from $1,000 to $4,000.
Based on the integrated features and additional services the cost varies.How many hours will it take to setup an exchange like LocalBitcoins?Here is the approximate schedule, that we at bitdeal used to follow while developing a cryptocurrency exchange like LocalBitcoinsScope Discussion and Project confirmation - Nearly 130 hoursBusiness Plan Presentation & Project Team Allocation - 100 HoursDesign Phase - 180 hoursDevelopment Phase - 400 HoursTesting Phase - 80 hoursDeployment Phase & additional Changes - 72 HoursWhat kind of APIs can I expect from Bitdeal's LocalBitcoins Clone Script?Liquitidy APIREST APITrading Bot APIPrice Ticker APIMarket Order APIMerchant APIand moreWhy Choose Bitdeal for LocalBitcoins Clone ?Bitdeal is the profoud team of proficient developers, incorporates Software Development Life Cycle Process(SDLC) to provide high quality Clone Scripts with the aim to meet or exceed customer expectations.
