LocalBitcoins Clone Script — Guiding Startups to Build an Escrow-powered P2P Exchange
In 2012, the first iteration of a peer-to-peer crypto exchange came into existence. LocalBitcoins was one of them, a centralized, ads-based, and peer-to-peer ecosystem for crypto users. LocalBitcoins began in Finland as an online portal for trading Bitcoins with local fiat currencies. Soon it became the first name to use the escrow payment service to facilitate crypto-to-fiat exchange.
In 2020, LocalBitcoins evolved into one of the most used trading platforms with a daily transaction volume of almost 30 thousand. And today, it is still one of the most used and trusted p2p crypto exchanges, averaging a yearly revenue of 30 million dollars. LocalBitcoins is a frontrunner in the centralized peer-to-peer crypto ecosystem. And these reasons made LocalBitcoins an ideal business model for aspiring crypto startups and entrepreneurs.
Adoption comes before innovation. If you are willing to build a p2p crypto exchange, it’s time we looked at the concept of the Localbitcoins clone script.
What is LocalBitcoins Clone Script?
LocalBitcoins clone script is a readymade p2p crypto exchange clone software that helps startups to create and deploy an escrow-powered p2p exchange like LocalBitcoins. It can be hosted and launched within 7–10 days. The white-label Localbitcoins clone software functions like the Localbitcoins platform and has all its current features and plug-ins. The primary benefit of using this clone script is Customization.
The customization scope you get in this tailor-made clone script is high. So you can alter the entire script based on your preference and taste with ease. By getting this script, you can modify the appearance, trading functions, visuals, back-end, core attributes, and other essential aspects of your exchange smoothly.
Workflow of LocalBitcoins Clone Script
Why Should a Startup Prefer the LocalBitcoins Clone Script?
As an emerging crypto startup, you might expect the best results with no risk when you create a p2p crypto exchange. By getting this white-label crypto exchange clone software, you can generate a high revenue too. It comes with a customizable admin portal where you can set your own fee structure for the crypto trading service you offer for your global users. For instance, you can collect ad posting fees, crypto withdrawal fees, and other revenue modules you enable on the platform.
With the LocalBitcoins clone software, you can create and deploy a p2p crypto trading platform like Localbitcoins in under a week. Hosting the clone script to a website domain and integrating it with a blockchain will be easier when you have proper guidance from a professional crypto exchange clone script provider in the market. These are the astounding reasons that make the LocalBitcoins clone script the best choice for a startup and entrepreneur to create a p2p cryptocurrency exchange platform.
Business Benefits of a LocalBitcoins Clone Script
One of the biggest advantages of using a Local Bitcoins Clone script is the number of business benefits it has. These benefits underline the importance of why startups should purchase LocalBitcoins clone software to build their P2P exchange. Here are a few of the business benefits.
- High scalability
- Cost-reduction
- Rapid deployment
- Excellent trading experience
- Customization factor
- Huge ROI (Return on investment)
- No technical expertise needed
- Escrow based system
These benefits massively help in the lead-up to the success of the P2P exchange business. Apart from the benefits, the LocalBitcoins exchange script has got a number of exclusive key features which you shouldn’t miss out on.
Key Features of LocalBitcoins Clone Software
Before getting the script, you need to check the features that come along with the script. This is because the features which are available in the exchange will determine the success rate of your p2p exchange business. Also, it showcases the uniqueness of your p2p exchange platform in the global market. Enabling the cutting-edge features in the LocalBitcoins clone script will help you stay ahead of your competitors.
Here is the list of features that you can get in the Localbitcoins clone software as a complete package.
- User Dashboard
- Admin Portal
- Custom UI/UX
- KYC/AML Validation
- Content Management
- Dispute Management
- Admin Profit Management
- Online/Offline Trading
- API Documentation
- Liquidity API Integration
- Affiliate System
And the list goes on.
As already said, it comes with customizable options. So you can modify these features as per your wish and needs before deploying the exchange. Even after hosting your exchange on the server, you can manage all these functionalities with ease as you are controlling the entire platform via the admin portal.
Let me wrap this article with…
How Much Does it Cost to Acquire a LocalBitcoins Clone Software?
Acquiring a premium LocalBitcoins clone will let you save 85% of your investment when you compare it with development from scratch. For instance, imagine that you are developing a p2p crypto exchange similar to LocalBitcoins from square one. It can take up to 12–18 months and a quarter of a million dollars i.e., $250,000 for development and installation alone. Sounds expensive, right???
You won’t face this financial barrier when you get an ultra-modern Localbitcoins clone script from a reputed script provider in the industry. However, quality is one of the factors that you must choose carefully. Not all crypto exchange clone script service providers can ensure quality, and not all quality products are cheap. Quality white-label Localitcoins clone software does not often come at a very low price. But it is always more affordable than building software from scratch. On average, the cost of the best LocalBitcoins clone script will be around $8,000 to $15,000.
In addition to these, the mechanics of the LocalBitcoins clone software is highly responsive, and the latest cryptocurrency exchange architecture designs are implemented for stability & safety. For a crypto startup, software stability is a boon.
Let me wrap this article with…
Where to get the Best LocalBitcoins Clone Script?
A simple surf in a search engine will show you a hundred different results from distinct sources. Too many options or choices can be a little problem too for a budding crypto startup when he/she searches for the best script provider. Therefore, choose the script provider wisely for starting your p2p exchange business and reap an ample amount of profit with your mind-blowing business concepts.
It is imperative to find the finest P2P Crypto Exchange development company with experience in the field. To find the right one, you must check their clone script demo, feedback, review, and years of experience, the technology stack they use, and the features they enable in the script. Why? Because they are not only going to be your software provider, they are gonna be your technical support partner too. That’s why shaking hands with a professional crypto exchange clone script provider is highly advisable.
