What is LocalBitcoins Why do we need to build cryptocurrency exchanges like Localbitcoins

Article about What is LocalBitcoins Why do we need to build cryptocurrency exchanges like Localbitcoins

Published by

Aug 17, 2021

What is LocalBitcoins?


Localbitcoins is a Finland-based Peer to Peer Bitcoin Marketplace. Traders can post advertisements on the LocalBitcoins Website.Localbitcoins has an influence and Feedback Mechanism.

Why do we need to build cryptocurrency exchanges like Localbitcoins?

Localbitcoins Exchanges Advantages

The main advantage of Localbitcoins is you can buy Bitcoin with any fiat Currencies. 


Transactions is Fast and Instant (While Trading Cryptocurrency)


It Works on Completely Decentralized Mechanism. You can directly deal with people.

They have enabled Two Factor Authentication (2FA)  For Additional Security Purpose. 


Another advantage of LocalBitcoins Is its fully functional All over world.

In some Countries Cryptocurrencies are banned. LocalBitcoins is the only way to buy Bitcoins.


LocalBitcoins Business Model


The LocalBitcoins business model is an intermediary website where traders can meet and agree on the conditions of the exchange.The transaction can be managed on the site using the built-in automatic exchange tools.

The Euros and basic information related to the users will differ based on the tires.


The Target Audience of localbitcoins is people who want to buy or sell bitcoin as profitably as possible. 


 LocalBitcoins Customerbase


The Trade Volume of LocalBitcoins is 1,400 - 3,000 Bitcoins Per Day.    


Security Features Of LocalBitcoins:


Escrow Services:


The purpose of using Escrow is to hold an asset before they are transferred from One person to another person. Users can trade anytime in Localbitcoins. 


Reputation Ranking :


Reputation Ranking is based on History of Trading Activities of the Traders with the Other Parties in the transaction.


Login Protection:


When you log in with a different web browser, you will be asked to verify your email address. Then, LocalBitcoins will check to see if youre using the same web browser.


Privacy:

LocalBitcoins does not Share Users Information.


PIN verification:

When you are logging into your LocalBitcoins Account, you must enter a PIN that is sent to your cell phone.


Dispute resolution: LocalBitcoins helps to resolve disputes between the Traders on transactions.

There are a lot of benefits and features in LocalBitcoins Exchange. If you want to create a Decentralized Exchange like LocalBitcoins. You Must select the Cryptocurrency Exchange Development Company Who Provides Localbitcoins Clone Script with Unique Features.

Source From : 
How To Build A Peer-To-Peer Cryptocurrency Exchange Like LocalBitcoins?


Articles authored by alex jaxon

Published: Sep 8, 2021