Localbitcoins Clone Script- create a p2p platform like localbitcoins exchange

localbitcoins clone script :a guide for entrepreneurs to develop a p2p exchange like localbitcoins

what is CLONE SCRIPT?

A clone script is the architecture of an existing website. These scripts are suitable for entrepreneurs to start an online website. The purpose of clone scripts is to help businesses start their exchanges so quickly and also at a lower price.

Why develop a website with clone scripts?

Faster deployment: a clone script is readymade software which means it doesn’t need all the time and effort for developing from scratch. So this ready-made platform will be customized easily and in less time. So you hit the market faster.

Cost-effective: we understood that clone script is developed from an existing website, so it needs less effort than developing a website from scratch so the less effort needs the lower the cost will be.
Market view: the clone scripts are mostly developed from successful and popular websites. It means that website has shown its features and usability. So by developing a website using a clone script, your website will find its place among users faster.

Localbitcoins clone scripts

For starting a peer-to-peer bitcoin exchange website like localbitcoins, localbitcoins clone script can be a good choice. Because localbitcoins clone script contains all the features and aspects of the localbitcoins. It helps to develop a website like localbitcoins with some customizing features. The localbitcoins clone script is completely tested and debugged.
Localbitcoins is a p2p exchange platform that connects the buyers and sellers of bitcoins. Localbitcoins uses its user’s location to connect the sellers and buyers who are close together. So if you want to trade bitcoins you don’t need to trade with people far from yourself. Localbitcoins is known for its fast transaction process and high security and liquidity. In the localbitcoins platform, sellers can post an ad for buying and selling bitcoins or they can choose among the existing ads. They provide their condition in the ad, by replying to the ads a chat box will pop up to make the communication easier for the traders.

Advantages and disadvantages
Advantages:
Most of the services are free
High security
due to several layers of security for users on the platform
Enough trading pairs

Disadvantages:
The US users are not allowed to trade on the platform
The customer support process is slow
Lack of hard wallet system

The feature of the LocalBitcoins website:

Chatbox system
Token listing
Ad based trading
Low fees
Large trade volume
Accepts new cryptocurrencies
Stringent security
Abundant Altcoins
Bonuses and rewards

Which countries does localbitcoins support?

Localbitcoins currently doesn’t provide services to countries listed below:

• Cuba
• North Korea
• Iran
• Syria

Why to develop a website like localbitcoins?

• It the largest p2p bitcoin trading platform
• Localbitcoins new sing ups grows everyday by the number of 4000 that shows it’s a useful exchange website
• Localbitcoins offers trading services globally so it provides an access to the global marketplace.
• It provides a quick and easy way to trade bitcoins
• It has the escrow protection for a safe transaction that protects both seller and the buyer from any fraud.
• Reputation system to help users find and filter trustworthy users for a safe trading
• It has the dynamic pricing system that will ensure users the prices are always up to date.

• Traders can automate their own trading with the API

Reasons for choosing white-label localbitcoins clone script

As a startup owner are you trying to understand which way is better for you to develop a website like localbitcoins? Which method is better developing the website from scratch or adopt the localbitcoins white label clone script? We have written some benefits of the white label localbitcoins clone script and also some weakness it.
you can customize the features and functionalities that are the requirements of the exchange community.
The admin of the exchange platform can design and change the logo, and the theme or name of the website.
Developing an exchange platform using white-label will cost less.
You don’t need any technical or programming knowledge to launch a white-label exchange.
Because the software is tested by professionals before you know that it will operate properly.

What are the security features of the localbitcoins platform?

KYC: In know your customer system, several steps are needed to establish the customer identity. This helps to ban scammers and reduce fraud.
Escrow payments: all transactions that are executed in the platform are covered by escrow protection.
Login protection: localbitcoins will make sure that you are logging into the platform with the same browser and with the same IP. If you log in from another web browser or with different IP it will require email verification.
2FA: the two-factor authentication allows users to set an additional pin for logging in. Two-factor authentication is an extra security layer that helps to prevent the accounts from being hacked.
Multicurrency supports: it will supports multiple major languages. Which will attract more users because people prefer to do different action in their native languages.

Localbitcoins clone script features

Online/offline trading multi-currency support
Multi-lingual
Wallet secured with escrow
Ad based trading
Customized UI and UX
Merchant dashboard
2FA security
Transaction history
Open source code
Multiple trading

Which is the best Cryptocurrency exchange software development company?

Radindev is a leading company in the field of developing a cryptocurrency exchange. they have developed various crypto exchange platforms on blockchain and also they have developed clone scripts for their customers.

How does localbitcoins clone script work?

Sign up to start trading:
To start trading in local bitcoins clone script, first, you should signup and login into your account by using an email account or phone number.
Verification:
For the security of the trading in LocalBitcoins clone script, a user should pass the KYC verification and provide the KYC details and wait until gets verified by the admin.
Trading:
By posting ads with its detail like accepted payment methods, trading limits and other details, they will start the buyers. Or they can find and choose among the existing advertisement. When one person chooses one of the ads the trading powered by escrow starts and until the end of the transactions it will be secured.

Now let’s take a look at its competitors:

Local bitcoins
Localbitcoins is a provider of a platform for cryptocurrency exchange. This private company is established in Finland in 2012. They work in the field of financial services, technology, cryptocurrency, exchange, fintech, payments, and platforms. It has 28 employees now. The website has 3.3m visits per month.
They have about 59.9k followers on Twitter and 13713 is their rank in Alexa.

Binance
One of its competitor websites is Binance. Binance is a company that offers a cryptocurrency exchange platform. This company was founded in 2017 and it’s working in the field of financial services technology, blockchain, cryptocurrency, exchange, fintech.
Now it has around 3200 employees and different branches in, France, Germany, India, Singapore, us and some other countries. They have around 4.7m followers on Twitter. Their website rank in Alexa is 255. Binance has total funding of $10 m the total visit of their website per month is around 250m. it has more than 10m users.

Okex
Okex is a private company founded in china in 2014 working on blockchain and provide financial services for traders globally all around the world. Recently they have almost 1000 employees and around 477.4k followers on Twitter. Their website rank in Alexa is 1425. Their website has 13.2 m visits per month.

Localbitcoin vs. coinbase

Based on the feedback from the users they said that localbitcoins meet their business expectations better than coinbase. They felt that localbitcoins provide the better product support so they decided that localbitcoins is the preferred option for them. Also localbitcoins provide the better updates and roadmaps rather than coinbase. Based on the feedbacks gained from the survey coinbase gained better result for small businesses with 50 or fewer employees and for enterprise with more than 1000 employees.

Localbitcoins VS. paxful

These two world’s largest p2p crypto exchange localbitcoins and paxful have some similarities and some differences. Which one is better than the other one?
Paxful has various features while localbitcoins is so simple but the good thing about localbitcoins is that because it is so simple, users can find anything they want easily but in paxful a little navigation is needed. But we can’t say which one is better it depends on the users choice.
Both of these platforms allow users to rate the partners they trade with, so it kind of gives a reputation to each users in the platform. So it’s better to trade with user who have better ratings and reputation over the users who don’t have any ratings. And also both of them have escrow wallet to hold the valuable assets and release it after the deal is done completely. Both of these exchanges offer altcoin trading users ae allowed to choose altcoins to use them as payment methods.