LocalBitcoins is the first cryptocurrency exchange, that offered online and offline trading features with escrow script. Those who are familiar with the cryptocurrency trading market having an eager to create an exchange like localbitcoins. But, the primary concern here is, How much it will cost to set up an exchange like bitcoins.
As said above it requires a significant capital cost.
The Cost of the Clone Script might seem Rich but kindly remember this business will make the Richest.
In Localbitcoins you don’t need to add your bank account details like other exchanges instead, you just have to create an account and search for other users to make trading.
For instance, if you want to buy bitcoins in localbitcoins, You have three broad options.
You can buy it in online in localbitcoins website via highly secured Escrow featured integrated wallet.
You can pay via payment options such as Bank transfer, Paypal and some other mediums.
You can directly meet buyer and get bitcoin for your local fiat currencies since this exchange has the perfect name Localbitcoins.
Benefits of Starting an Exchange like Localbitcoins
Nowadays, Cryptocurrencies are Cynosure!, There is no doubt in Profit in this business.
1.You can easily create a brand name among traders.
2.Like so many leading Crypto exchange Platforms, you can also release your own Crypto coin.
3.You can list tokens and help entrepreneurs in launching their ICO
By making use of Localbitcoins Clone Script, any business person can kick start their own bitcoin exchange just like Localbitcoins with all the basic trading features.