What is localbitcoins exchange?
Localbitcoins is a leading P2P Bitcoin trading platform. It was established in 2012 and currently, it is providing services for more than 100 countries. On localbitcoins you can trade cryptocurrencies for fiat currencies through online trades and vice versa, protected by an escrow service. This is also known as over-the-counter trading. This platform is best for beginners that want to enter the crypto community and start trading.
People prefer to buy and sell OTC because it allows fast transactions and more diverse payment methods.
Benefits of trading on localbitcoins
• Localbitcoins is the largest bitcoins trading platform, continues to grow more than 4000 new sign-ups every day.
• Localbitcoins give you access to the global market because currently, it serves Users in 100 countries.
• Quick and easy way to trade bitcoins
• Finding and filtering trustworthy customers
Security features of localbitcoins:
Two-factor authentication:
To log in, you need to have a one-time code plus your password. Localbitcoins two-factor authentication works with mobile apps (android, IOS, windows mobile) or printed paper codes.
Importance of two-factor authentication:
More than 99% of the attacks against you can be prevented with two-factor authentication. Two-factor authentication codes are hard to be stolen or hacked in comparison to the password which becomes hacked so easily. It takes a few minutes to set it up.
Login Guard:
Localbitcoins remembers your web browsers and if you 2ant to log in from that same browser it will verify you. If you attempt to log in from another browser an email confirmation is needed before the login can proceed.
Reputation system: each trader has a reputation rank and also public history record that shows their previous activities.
Escrow security:
When you request a trade, the traded Bitcoins are held on local bitcoins’ escrow service. The bitcoin will be released only after the seller confirms the trade is completed.
Buying Bitcoin anonymously
2fa (optional): if you want to log in to your account you will be asked to provide an additional code which I sent to your mobile phone. This feature prevents people to hack and jump into your account.
24/7 customer support
The LocalBitcoins support team is ready to answer user questions and also solve the conflicts between the buyer and sellers if it happens.
Tips to stay safe on localbitcoins
• Never end additional information before receiving a response from the seller
• Do not agree to trade with the seller outside the localbitcoins platform since you won’t be protected by the escrow service of localbtcoins.
• Always send your payment information in the localbtcoins message box, not in any other way. Not emails or phone calls only the LocalBitcoins interface.
Localbitcoins clone software
Localbitcoins clone script is the clone software of the LocalBitcoins exchange platform.
It has all the features that are available in the original LocalBitcoins platform. This software is completely customizable the desirable feature can be added to the platform based on the business requirements. Localbitcoins clone script is a flexible decentralized platform that helps the user to act in the platform in a hassle-free manner. One of the benefits of clone script Is that it doesn’t need all the time and effort to develop a website from scratch.
Feature of LocalBitcoins clone script
Live price ticker: cryptocurrency value changes all the time this feature includes the live price to let buyers and sellers know that they are getting the best prices for their assets.
AML/KYC: these regulations apply to many countries across the world. The LocalBitcoins clone script supports the know your customer and anti-money laundering
Wallet development: develop cryptocurrency wallet to store the bitcoins and other crypto assets in a safe and secure platform.
Search and filter option: this feature help users to save their time by searching and filter option, they can find their desired order and match their budget and requirements quickly.
Localbitcoins clone app
You can develop an app for your exchange platform to attract more users to your platform.
Some platforms that are available in your clone app:
• Supports all the major languages in the world
• Covering major crypto coin and trade pairs
• Fingerprint unlocking
• Mobile widget
• Supports different order types
• Ad based system
• Social media login
• Push notification
• Escrow wallet