How LocalBitcoins Website Clone Script Works

Article about How LocalBitcoins Website Clone Script Works

Published by

Olivia Smith activities: ,

Aug 7, 2021

You can install localbitcoins Clone Script within a short duration and start your bitcoin exchange business globally to reach the target audience. Just read our step by step how the localbitcoins script works in your platform.

Step 1: The trader wants to register on the platform and then fill their details on the profile. 

Step 2: While they created an account, a wallet automatically has been created on the platform. The trader should maintain enough balance in their wallet. 

Step 3: The is two option like Quick buy and Quick sell for traders. They are ready to buy bitcoin can select Quick buy option search through location, price, payment method.

Step 4: The trader can select the buyer/seller checking their reputation, trading history. Once the trader is satisfied with the buyer/seller you can select an option like buying or selling.

Step 5: If you are not satisfied with seller/buyer on the platform, just create an ad and post in this platform.

Step 6: While creating ad some rules are applicable for all trader they want to have enough balance in bitcoin wallet minimum 0.04btc and some payment method contains id verification, the price will never change once trader chat opened.

Step 7: Once a trader has posted an ad, a notification is sent to all the buyers/seller.

Step 8: The Seller bitcoin want to place through the escrow wallet.

Step 9: Interested seller/buyer can view the ads and get in touch with the trader to purchase the BTC either in online /offline.

Step 10: Once the trader receives the payment from the buyer, he /she can select button us “payment completed”   and the Bitcoin is transferred to the user wallet through escrow.

Step 11: If the is a problem between traders they can click dispute resolution button. The escrow will arrive to make the possible decision.

The escrow will take 1% commission after the transaction whose ads exactly match for trade.

As we find new revenue channels, we keep adding it on to our script like banner ads from other company in your website. Because we believe that no business should run on one source of revenue.