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Key Benefits of starting a Cryptocurrency Exchange like LocalBitcoins

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Richard Samuvel
Key Benefits of  starting a Cryptocurrency Exchange like LocalBitcoins

LocalBitcoins is a peer-to-peer bitcoin marketplace based in Helsinki, Finland. It allows the users to trade bitcoins with local fiat currencies.

The buyers and sellers post ads for trading requirements. When buyer and seller ads match their demands and trading initiates can utilize the available payment methods. In December 2013, LocalBitcoins has around 110,000 active traders with a trading volume of 1,400–3,000 bitcoins per day.

 

Exclusive Features in LocalBitcoins 

Ads Based Trading

The seller and buyer can post ads on the exchange. Traders' ads contain the details of the trader requirements. The price of the digital asset can be set according to the trader's desire. 

Escrow Services

The Escrow act as a mediator handling the seller and buyer. Escrow helps to resolve the dispute between the buyer and seller. The Escrow holds the trading cryptocurrencies on the escrow wallet, and after successful completion, cryptocurrency is transferred to the buyer's wallet. 

Real-Time Data Stats

The trader can get the status of the real-time values of the cryptocurrencies. This helps the trader to get the exact scenario for trading currencies. 

Multi-payment modes

The trader can pay with multiple payment gateways according to availability and convenience. 

Multi-currency Access

The trader can make use of multiple cryptocurrencies available for trading, and it also supports various fiat currencies. 

 

Entrepreneurs can start a cryptocurrency exchange business with LocalBitcoins clone script

 

 

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Richard Samuvel
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