You can install localbitcoins Clone Script within a short duration and start your bitcoin exchange business globally to reach the target audience. Just read our step by step how the localbitcoins script works in your platform.
Step 1: The trader wants to register on the platform and then fill their details on the profile.
Step 2: While they created an account, a wallet automatically has been created on the platform. The trader should maintain enough balance in their wallet.
Step 3: The is two option like Quick buy and Quick sell for traders. They are ready to buy bitcoin can select Quick buy option search through location, price, payment method.
Step 4: The trader can select the buyer/seller checking their reputation, trading history. Once the trader is satisfied with the buyer/seller you can select an option like buying or selling.
Step 5: If you are not satisfied with seller/buyer on the platform, just create an ad and post in this platform.
Step 6: While creating ad some rules are applicable for all trader they want to have enough balance in bitcoin wallet minimum 0.04btc and some payment method contains id verification, the price will never change once trader chat opened.
Step 7: Once a trader has posted an ad, a notification is sent to all the buyers/seller.
Step 8: The Seller bitcoin want to place through the escrow wallet.
Step 9: Interested seller/buyer can view the ads and get in touch with the trader to purchase the BTC either in online /offline.
Step 10: Once the trader receives the payment from the buyer, he /she can select button us “payment completed” and the Bitcoin is transferred to the user wallet through escrow.
Step 11: If the is a problem between traders they can click dispute resolution button. The escrow will arrive to make the possible decision.
The escrow will take 1% commission after the transaction whose ads exactly match for trade.
As we find new revenue channels, we keep adding it on to our script like banner ads from other company in your website. Because we believe that no business should run on one source of revenue.
Cryptocurrencies are evolving & the rise of the new crypto trading website has a drastic growth in recent years.
Entrepreneurs & business groups have moved on by building their own crypto platforms in the modern era.
As cryptocurrency exchange operates nonstop for 24/7 so the trade volume has been peeking says experts.
Billion dollars contributing crypto exchanges makes the traders stick on to the platform for a longer period in time.Entrepreneurs & business enterprises have made a quick jump by moving to crypto exchange development for a good reason.
Now let me explain you about the money-making ways by the crypto exchanges.CommissionsA service fee is charged when a buyer & sellers involved in a tradeListing feesWhen a new exchange is setup a commission revenue will be offered to the owners.Market MakingOne of the great revenue streams is market making by the crypto exchange.
Here, more liquidity is produced for a given financial price.Fund Collection for IEOs, STOs, and ICOsEquip the platform with an IEO module by allowing other companies to organize token sales.I hope you will get a basic benefit of starting a crypto trading website if you want technical support & complete end-to-end service for developing a crypto trading website/ application then SellBitBuy can help you.Developers from their team build a ready-made white label LocalBitcoins Clone Script to build an exchange like local bitcoins.
Check out the exclusive free live demo of local bitcoins clone script 2019 version, powered by bitdeal - the popular bitcoin exchange development company.
The demo video explores the basic functionality and working nature of the local bitcoin clone.
Our local bitcoins clone script has been recognized as a top clone script 2019.
Check out our listing of local bitcoin clone script in clonescript.com
Disclaimer: The above video consists of the limited demo version.
We have given a brief explanation of the popular p2p exchange local bitcoins in the previous article.
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