Generally, the localbitcoins clone script implies an architecture similar to the localbitcoins exchange. So, the clone script possesses an ad-based type of working nature.
Now, you might have an idea about the localbitcoins clone script. Further, let us see about the working process of the localbitcoins clone script.
Working process of the LocalBitcoins Clone Script
- Registration Process - Initially, your user needs to sign up to the website for starting their trade. Sign-up requires the user’s email or contact number to create their account for trading.
- Verification Process - After registration, the user needs to complete their KYC verification process. In KYC verification, the user needs to provide their KYC details respectively and wait till the account is approved by the admin.
- Start Trading - After the user becomes a verified member of the website, they can start their crypto trading. The user can start their trading by posting Ads with the details like accepted payment methods, trading limits, and other details. Or they can choose anyone among the existing advertisements.
- Transaction - When the user is satisfied with the terms of post ads, they can exchange their cryptocurrency with the help of an escrow system. The escrow method is one of the best services which is used during the transaction. It holds the cryptocurrency safely until the fund reaches the seller. After the confirmation, the cryptocurrency is released to the respective person.
I think the above-mentioned points might give you knowledge about how it works. In addition to it, I would like to suggest to you one of the well-experienced clone script providers in the market - Coinsclone. They have been delivering top-quality crypto exchange clone scripts to their clients for years in the market. They provide bug-free LocalBitcoins Clone Script to their clients who are planning to launch a crypto exchange similar to a localbitcoins exchange.
Get a free demo >> LocalBitcoins Clone Script
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