P2P transactions are changing the way people do transactions. It is highly efficient and secure and it provides lower transaction fees. It eliminates the hefty fees of credit and debit cards. Cryptocurrency trades are increasing in the P2P exchanges which have attracted startups.
In the list, Localbitcoins is a popular P2P ads-based crypto exchange that lets users buy and sell cryptocurrencies by posting ads. It helps users to gain profit in the form of margin cost and it also helps exchange to gain revenue in transaction costs. It is like a win-win for everyone.
To create a P2P crypto exchange like Localbitcoins, you must either develop it from the scratch or you can use a solution called the Localbitcoins clone script. Both have some advantages and disadvantages. Let’s compare both and see which is best for the Localbitcoins crypto exchange development.
If you choose development from scratch, it is highly expensive and it needs skilled blockchain developers to do the task. It can take up to a year for development and it is not very effective. Nowadays startups prefer a cost-effective solution for development at the same time it must be quickly deployed for results.
To help the startups, the Localbitcoins clone script is created. It is a replica software similar to the crypto exchange Localbitcoins and it is highly suitable for developing a P2P crypto exchange like Localbitcoins. It is secure and cost-effective. It is highly scalable and customizable.
Features of the Localbitcoins clone script
- Buy/Sell advertisements
- Escrow trade
- Endless Fiat payment option
- High security
- KYC/ AML verification
- Multiple payment options
- Custom UI/UX
- Trade chat
- Dispute management
Benefits of the Localbitcoins clone software:
- Highly customizable
- Instant deployment
Looking at the present market situation, the Localbitcoins clone script is highly effective for the development of the P2P crypto exchange than the development from scratch.
For the development of the Localbitcoins clone, you must choose a proper crypto exchange development company that can execute the task with ease. They can help you in the Localbitcoins clone app development and Localbitcoins crypto exchange development.
For your benefit, I have done research in the market and have found a superfine crypto exchange development company- Coinsclone. They are highly experienced in this field and have a skilled team of blockchain developers. You can contact them to develop your own crypto exchange in less time.
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