What is LocalBitcoins Clone Software

LocalBitcoins provide a safe and secure platform to buy and sell bitcoin and other currencies easily. Localbitcoins is a p2p cryptocurrency exchange software with high protection for highly secured trade. At localbitcoins users from different locations in the world can trade their local currencies to bitcoin. People can create ads and they can choose the payment methods and also provide trading fees for exchanging bitcoins to other users. There is a chatbox on this website for traders which is secured by escrow protection. The escrow will protect the traders until the transaction is executed. Buyers and sellers can post ads and communicate with each other to understand if the transaction is going to be executed or not.
Local bitcoin clone script is a ready-made software that has all the features of the LocalBitcoins website, and its goal is to provide a website like LocalBitcoins faster.
You can start your bitcoin trading platform like LocalBitcoins with Local Bitcoin Clone software instantly. The nulled script is also available to purchase. 

 In the following, the features of the localbitcoins clone software will be examined, adding each of which can affect cryptocurrency exchange development cost .

LocalBitcoins Wonderful Stats

+1 Million

Users

$29.5 Million

Annual revenue

2,200,000 

Bitcoin Trades

3.3Million

website visits

+200

countries

$596 Million

Total Trading volume

$179.49

Average Trade Size

+ 1000

Downloads in play store

LocalBitcoins Growth Path

The local Localbitcoins was founded in 2012 in Helsingfors, FI. its goal was to provide virtual marketplace where users post advertisements stating the exchange rate and payment methods for buying or selling of bitcoin.

The feature of affiliate marketing and ad based trading was added to the platform. to make trading easirer and more intresting for traders and also all the transactions became secured with escrow security.

2019 was an invaluable learning experience for Localbitcoins owners as they implemented anti-money laundering and know-your-customer (KYC) regulations.The company touched the annual revenue of €26,2 million, an increase of 10 percent from 2018 and annual operating income of €17,6 million.

based on the reports that released in 2019 localbitcoins gained 1,46 million new customers. and almost about €2,48 billion worth trades in LocalBitcoins platform. 15,6 million trades executed in locallbitcoin platform. Its Number of active traders reached 913 thousand.

The Localbitcoins adopts Elliptic's blockchain monitoring solutions to manage risk and support growth plus P2P Exchange LocalBitcoins Adds Crypto Surveillance Tools From Elliptic on 28 jul 2020.

White Label Localbitcoins Clone Software

Radindev, cryptocurrency exchange development company company provides white label solutions for startups and companies.

Our localbitcoins white label crypto exchange platform  is 100% customizable and it has all the features and functionalities of localbitcoins exchange. It helps you to launch your website faster and increase the speed of branding. We offer you our white premium clone scripts to develop a hassle-free and bug-free exchange platform.
  1. Develop a bug-free exchange platform faster and with fewer efforts.
  2. Because the localbitcoins platform has proved itself among the traders launching a website with all the localbitcoins features and some extra features will attract the attention of traders faster.
  3. The localbitcoins is a ready-made platform so it reduces the time of development because all the time that is needed to think of developing a strategy, gather a professional team to build everything from scratch is not needed.
  4. Localbitcoins clone script offers various methods of payment.
  5. Because local bitcoin clone script is decentralized exchange software, it enables users to trade directly with each other 
  6. In the localbitcoins platform, users can set the price they want and add limitations for their trading.

Premium Features of Localbitcoins Clone Script

Customized UI/UX

KYC/AML Verification

API Security

liquidity API

multicurrency support

Multi language support

Login verification

Transaction History

24/7 cutomer support

P2P trading

Add-ons of LocalBitcoins Clone Software

OTC Trading

Over the counter exchange happens between two partners. the process of  securities transacted in a decentralized platform. 

Margin Trading

is the process of using borrowed funds from a broker to trade a financial asset, to gain more revenue.

P2P Trading

p2p trading is the act of trading directly between traders with out the presence of a third party to control the transaction.

Limit Order

the limit order will only be executed when it reaches the specified price or better. or buy an asset at or below the specified price.

Affiliate System

Affiliate marketing is a process that an affiliate earns commission if he/she  gain another customer for the company.

Order Book

The list of all open orders that are currently available on an exchange for a specific trading pair.

LocalBitcoins Clone App

Developing a mobile app for crypto exchanging will enable your business to attract more people to trade on your platform. And as mobile users are growing day by day developing an app like LocalBitcoins will increase the numbers of traders and the revenue of the platform. Another benefit of developing an app like localbitcoins is that because the localbicoins is known and popular among the traders developing an app with all the localbitcoins features can gain the trust among the traders faster. We provide localbitcoins clone app for both IOS and Android platforms.

Features of LocalBitcoins Clone App

Fingerprint Unlocking

Priority : low

Effect : More Security

Using a fingerprint for recognition is useful in some ways It is highly accurate unique and can never be the same for two persons. Fingerprint  unlocking is the most economical technique. this method needs small storage space. one of the good thing about finger print unlocking is that it is an easy and fast way to verify the user the finger print is unique for each person also it takes a few seconds to recognize the finger print  for each user. 

Time Out Session

Priority : High

Effect : More Security

Session timeout is a security management feature that automatically logs a user out of a platform after some time of inactivity. of course users can log out and end the session sooner by clicking the log out button. the time of the session in different platforms are different from each other. this factor adds another level of safety to the platform and information of the users . we have implemented  the time out session in our localbitcoins clone app.

Multilingual Support

Priority : Medium 

Effect : better user experience

A multilingual platform will Reach Wider Audience this will give you huge pool of potential buyers this will increase the benefit you can earn from the platform.  Also clients prefer to work and interact with their native language feeling comfortable in the platform will also increase the customers satisfaction. it also has advantage in the competitive market, because you provide a facility that the other competitors don’t have. This will help your platform to stand out among all the other competitors. 

In app authentication

Priority : High

Effect : More Security

It’s a way of making users to prove that they are the legitimate users. App authentication covers how the app authenticates towards the backend. The app sends a request with the user’s credentials to the backend server. The server creates a new session along with a random session ID. They just allow or disallow access to the application. there are various methods for the user authentication like two factor authentication, multi factor authentication, or password authentication protocol.

push notification

Priority : Medium

Effect : Better UX

push notifications are graphical elements that pop up on the user mobile phone or tablet whether the user is in the app interface or not. they are designed to encourage the user to purchase something, inform them about the value of coin the increase and decrease in the value, remind them of different events, or make them to do some thing in the platform without forcing them. Push notifications can be useful in some ways for the user. like reminding them an event or informing them about a price or value of different assets.

live chat with traders

Priority : low

Effect : Better UI/UX

like Binance DEX clone script features, Localbitcoins mobile app has the feature of live chat boxes that enable traders to connect with each other directly. The chat boxes lowers the average  interaction time. traders can communicate with each other, this feature is an interesting facility that we have added to our local bitcoin clone app script.  with this online communication channel traders in the app can negotiate with each other in a simple and fast way.

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FAQ:

developing a software like localbitcoins with clone scripts will  almost take   7 days , but it may vary based on the changes you want to apply on the platform.

We provide cost-effective services for our customers. But different features that add to the platform will cost extra money.

Localbitcoins is one of the popular crypto exchange platform , so simulating its feature and business strategy will save time and money.