The significance of a cryptocurrency exchange is increasing with the growing usage of crypto and needless to mention that its development processes are also evolving. Thus, we get to see new technologies and methods in its creation. Moreover, there are different categories of crypto exchanges which are mainly P2P, centralized, decentralized, and hybrid. The concept of crypto trading platform development is getting more adaptable with LocalBitcoins clone script.
That’s true, in this article we will explore all the aspects of developing a crypto exchange using a LocalBitcoins clone script. By doing that, your exchange gets all the functions and features that the original platform offers to its clients.
How good is the LocalBitcoins Exchange?
The LocalBitcoins exchange is a very popular crypto trading platform that is based in Helsinki, Finland. It is mainly known for working on a peer-to-peer architecture that facilitating the trade of multiple coins such as Bitcoin, Litecoin, Ethereum, Ripple, etc. With all these features, it serves thousands of crypto buyers and sellers in their trading. It also provides some high-end features such as a matching engine that optimizes the whole process and makes the whole system more reliable for the users. On this platform, you can simply place an order, and it gets executed in the most seamless manner, it boasts of having 60 different payment methods as well.
How does the website of LocalBitcoins work?
There are some salient attributes of this platform that you must know:
It is very easy to join the LocalBitcoins network, the token holder has to just fill up the registration form and they are all set to begin, the trading is carried out in a very easy way.
Post logging into your account, you will be given two options. You can either publicize your needs on the website or check the already posted order for buying and selling coins. If you choose the latter option, then you will receive a notification from the interested party.
There is a feature of a trader’s history available to give you the precise number of trade volume, score, and other tidings from the crypto sphere. With this particular feature, the buying and selling of tokens get very effective in every phase of trading.
You can also analyze your trade on this exchange platform by discussing the details with other experts, it is totally optional and you can the information to yourself as well. However, the feature seems to be giving benefits to many traders.
When you are at the final stage of trading, this platform completes the transaction with a very reliable framework. It helps you in stipulating that time and trade get nuanced so there is no confusion at any step.
Once the payment is settled, you get to figure out the most productive aspects of the trade that includes an escrow account as well, the process takes place at an impressive speed and gives no scope of errors.
Why should I build an exchange like LocalBitcoins
There is no doubt about the fact the usage of crypto exchanges is increasing and the competition among them is going to be fierce in the coming years. Therefore, it is a must that you offer first-rate services to the crypto users and a clone script helps you achieve that very easily. That’s because you will be providing an interface and functionality that the users are already familiar with. In addition to that, you won’t have to rack your brains to come up with something new, everything is already tried, tested, and approved.
There are endless benefits of using a LocalBitcoins clone script because it gives you an off-the-rack which can be easily worked upon. You don’t have to spend hours with developers and designers to forge new tools and features. You already know what your target audience wants and you are giving them a perfect piece of exchange with some more advantages.
How to get a reliable LocalBitcoins clone script?
In crypto exchange development, there are two models that you can choose, you can either hire a developer to build a new exchange from the scratch or get a white label solution which is a ready-made product ready to be deployed. You can go for any of them based on your needs, budget, and stipulated time. When you develop a platform with a professional, it may take a few weeks or even months depending on the level of complexity. On the other hand, if you are in a hurry and want to launch your service as early as possible, the white label is an appropriate solution.
Whichever model you choose, it is essential to you collaborate with a reliable service provider so the product is flawless. Coin Developer India makes high-end crypto platforms in both the development modules, here are the features that you get in the exchanges we make:
- Live price tracking of cryptocurrencies
- Multi-Currency Wallet Integration
- Future Trading
- Chat Bot Integration
- Ad Posting
- Online/Offline Trading Options
- Premium UI/UX
- User-Friendly Interface
- Instant KYC/AML verification
- Robust Dispute Resolution
- Multi-Currency Support
- Two-Step Verification
- Escrow Wallet
If you need any sort of crypto-based product or service, we are ones who could provide that sans any mistakes. We give you the most appropriate exchange platform with all the tools and specifications that you require. With us, your crypto venture is destined to get meteoric success. You can chat with our representative right now and get a free demo of our products as well.
Want to develop your own cryptocurrency exchange like local bitcoin call/whatsapp : +91 7014607737
