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. So, the persons who desire to start a cryptocurrency business with the similar business model can utilize this LocalBitcoins clone script and can begin their crypto exchange business in an exact way.
Why LocalBitcoins?
Though there are many crypto exchanges in the market, LocalBitcoins has created its own value due to several reasons. 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 acts as an incredible script that makes a best look and power to the users utilizing 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 Bitcoins
Step 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. It maintains cryptocurrency balance considers selling amount of items and the fee in the wallet.
Step 3: To perform selling, first need to post a Ad describing the sales details. 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 Bitcoins
Step 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 Administrator
This 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 script
Supports Escrow Wallet- Once the trading begins, Our Escrow wallet is activated. This means the the Crypto gets transferred to an escrow wallet. As the seller agrees with the whole transaction process, the escrow wallet will then release the cryptocoin to the buyer’s wallet. This is mainly done to protect the Buyer.
Two factor Authentication- This feature helps to secure the transaction of Buyer and seller in a market by two different authentication methods.
