WHY SHOULD YOU GO FOR LOCAL BITCOINS SCRIPT?
Local bitcoins script is a set of software that is developed to launch a P2P exchange marketplace like local bitcoins in no time. The script will have the features and functionalities as same as that of one of the world’s largest cryptocurrency exchanges local bitcoins and this is the reason why we call it a local bitcoin clone.
This blog is going to explain the prospects of cryptocurrency exchanges like local bitcoins in detail. But before getting into the concept in-depth, it is good to be aware of what cryptocurrency is all about. Because cryptocurrencies are the assets that are transferred for trading to be done in the exchange platforms.
So, what do you know about cryptocurrencies?
Cryptocurrencies are the widely used digital currencies for making payments or trades online. They add credibility to the online payment transfers and transactions thus making them viable and efficient ever. They ensure speed in transactions and this is why they stand strong on par with the fiat currencies as of now.
Cryptocurrencies ought to make the user’s exchange assets with no central control authority. Here is where the concept ‘decentralization’ comes in.
The trades with cryptocurrencies are actually the base functionalities for any type of cryptocurrency exchange. Besides there are some other functionalities that yield profit for the exchanges in no time which might notably be the transactional charges and other commission types.
Bitcoin escrow script is a trending choice when it comes to building your own local bitcoins like exchange marketplace right now. The reason here is that it provides an extended layer of security than any other clone script models. Nowadays, entrepreneurs prefer to choose such a script that ensures 100% safety and security, and here is where the actual importance of local bitcoin script is formulated.
In that array, we as an extensive local bitcoin exchange clone script development company can help you come out with custom local bitcoin clones to help support your exchange with a risk-free cum secure platform of your choice.
Our scripts support a wide variety of currency types so as to ensure the ultimate level of comfort and convenience in making payments from the users’ side.
Well; come, let’s have an insight into the scope of cryptocurrency exchange platforms like local bitcoins as per the current business trends…
According to the present market statistics, there are almost some 5000+ types of crypto assets available and their total market capitalization is suspected to be something around 155 billion US Dollars (on an approx).
Out of this total market cap, bitcoin takes out a majority of the share which is estimated at around 63.8%. So, now you can imagine how strong will be going for a local bitcoin clone script for your business!
Yes! It’s actually mindblowing and unimaginable. Taking up of a local bitcoin clone script could certainly help you acquire maximal level of profit with the utilization of the market worth of bitcoins.
How the local bitcoin clones streamline trading?
The local bitcoin clone scripts come up with advanced strategies to help support and streamline the trading prospects in a much better way ever. Thus with the adoption of local bitcoin clones, one can easily streamline his/her exchange trading processes so as to come out with excellent results in terms of efficiency, functionality, and profit returns. This is the reason why a lot of business people today are fond of choosing local bitcoin clone scripts as their first choice or preference when it comes to the launch of a viable cryptocurrency exchange of their own.
Well, how the trading happens with a local bitcoin-like exchange?
The following are the steps with which the trades are carried out:
- Registration is the first and foremost step to make use of the exchange for trading.
- Once registration gets completed, the users can make loggins to their respective trading accounts in the exchange platform as and when required.
- A registered user is now able to have access to his/her own personal wallet to help store and transact cryptocurrencies.
- Now as an authorized user, the buyer and sellers can have full access to post everything relevant to their asset trading process details to make everyone in the exchange aware that there comes a need for asset trading to be done in the platform.
- Once a trade order request is made within the platform, the traders will be allowed to share details like price limits, location, and payment options to carry out their trades further free of hassles.
- Upon the confirmation of a trade order, notifications will be sent automatically to the concerned buyers and the sellers of the trade to make it get completed.
- Once the buyers and the sellers come across their desired trading opportunities, they can make use of the ‘buy/sell’ option available to make chats with the respective traders, so that there seems the trade to get finished within the stipulated time period.
- Finally, the bitcoins appropriate to the trades will be released from the escrow and this is a sign of trade completion.
Throughout this trading process, if there is a rise in dispute at any point coming along the way, then the exchange will implement the feature of dispute resolution to ensure the smoother completion of trades. This is how the trading gets executed in any local bitcoin-like exchange.
Features of local bitcoin clones:
- Escrow: This feature provides security to the exchange operations thereby protecting the users from fraudulent or unethical activities that are about to happen possibly in the system.
- Currency support: The scripts are designed in such a way that they support different types of currencies for the users to make smooth payments for the trades done in the platform.
- Wallet support: the users of the exchange are permitted to have wallets respective to their trading accounts so as to ensure the safe storage or transfer of their assets.
- 2FA: This is an advanced security feature available with the local bitcoin clone scripts to help the exchange come out with an extended layer of security ever. This prevents the system from incurring losses so as to bring 100% efficiency. This will make the exchange operate in a more productive way.
Why Shamla Tech for the embracement of local bitcoin exchange clone script solutions?
Shamla Tech team has a couple of years of experience and expertise in developing, testing, and deploying cryptocurrency exchanges like local bitcoins successfully. Also, we have helped several clients launch their own local bitcoins like the exchange in the market so far. So, if you are on the lookout to have a technology partner who can support you along for the launch of a highly successful local bitcoin-like exchange, then you have been landed at the right destination. Yes! Our scripts come up with advanced add-ons and features and they are extremely built with the trending technologies at present so as to facilitate your business in attaining huge ROI (Return on Investment).