Cryptocurrency Exchange development: How to build crypto exchange like Localbitcoins?

July 24th 2024

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How to build crypto exchange like Localbitcoins?

LocalBitcoins is the leading and most trusted peer-to-peer cryptocurrency exchange platform where cryptocurrency users can buy and sell their digital assets and pay the other party with fiat or any other cryptocurrency. In this guide we will see how to build a crypto exchange like localbitcoins and how a localbitcoins clone works.

Now you can build your own localbitcoins like cryptocurrency exchange website instantly using a white-label localbitcoins clone script. Troniex Technologies offers a cryptocurrency exchange clone script with advanced API and security, as well as payment infrastructure.

What is the localbitcoins clone script?

Localbitcoins Clone Script is a fully white-label p2p cryptocurrency exchange clone script that has all the same features and functionalities as the LocalBitcoins Exchange and helps to start an exchange like LocalBitcoins. This script is compatible with any device, and it is made of powerful exchange APIs. Our white label localbitcoins clone script is fully customizable as per your exchange business needs.

Workflow of the localbitcoins clone script

1. Crypto user must first register in localbitcoins clone platform and complete their KYC to start trading

2. After registering successfully, users must deposit funds into a crypto wallet and can browse many buy and sell advertisements as well as list their own buy and sell advertisements.

3. If the user finds any advertisement as per their needs, then they can settle the transaction within the time limit using various payment options.

4. To make a secure transaction between buyer and seller, our white label localbitcoins clone script comes with an inbuilt escrow system.

5. The buyer and seller can bargain via chat functionality and settle on a new price if needed. 

6. If a user does not settle a transaction within the time limit, they will be penalized.

Features of the localbitcoins clone script:

Advanced UI/UX

Trading powered by escrow

The Localbitcoins app is available for Android, iOS, and the web.

Multi-currency support

KYC/AML verification

Unlimited cryptocurrency pairs

Making Market Liquidity 

Trading on API Margin

Cryptocurrency Wallet Integration 

Affiliate program 

Cryptocurrency staking 

token listing 

P2P trading

Security features of the localbitcoins clone script

HTTPS authentication

Two-factor authentication

Escrow security

Login Verification

Data encryption

Prevention of SQL injection

Anti Denial of Service (DoS)

Cross-Site Request Forgery (CSRF) protection

 Server-Side Request Forgery(SSRF) protection

 Anti Distributed Denial of Service

Localbitcoins clone app development

The Localbitcoins clone app improves the trading experience for crypto traders. Our localbitcoins clone app is versatile enough to run on Android, iOS, and Windows operating systems. You can increase your active trading hours with the benefits of a localbitcoins clone mobile application.

Features Of Localbitcoins Clone App

Ease of access

Push notification Push notification

User feedback User feedback

Instant updates Instant updates

GPS tracking GPS tracking

Multi-lingual support Multi-lingual support

Benefits of LocalBitcoins Clone platform

1. The platform's admin have the full accesso to set the transaction fees for the crypto traders.

2. On every crypto transaction, the admin will earn a certain commission.

3. If the commission fee gets transferred to the wallet, then the transactions get completed automatically. 

4. All the buying and selling is done with high security and faster execution.

5. User-friendly dashboards allow users to easily make transactions.

6. Crypto traders can rate the trustworthiness of a buyer or seller through the integrated feedback method. 

7. With the inbuilt escrow system crypto traders can make secure transactions. 

Choose Troniex's localbitcoins clone to stand out from the crowd.

If you’re a crypto investor and actively looking for a crypto exchange solution provider, choose Troniex technologies -The pioneer crypto exchange development company to maximise your crypto business portfolio. Our techie team of experts can tune up your crypto business idea with the white label LocalBitcoins script solution to make use of the cryptosphere’s credits. 

On-Time deployment

Highly knowledgable developers

Quality Assurance:

Rapid Time-to-Market

Cost-effective Solutions

24/7 Support

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