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Step 4: Once the sell request Ad is posted, a notification will be received to the buyers nearby to the seller or those who have shown interest to buy cryptocurrency from anywhere. Step 5: Then the interested buyers after viewing the request can get in touch with the seller to buy the bitcoins either in direct or by way of online transaction. Step 6: The seller has the option either to accept or reject the buyer request. Step 7: After the payment is received by the seller from the buyer, there will be note mentioning that the transaction is complete and then the crypto coin is transferred to the buyer.
The Steps to Buy Bitcoins. Step 3: Then, the seller will look the buyer's profile and make decision whether to accept or reject the buyer request. Step 4: Based on the seller acceptance, next the payment made through the option both the buyer and the seller is comfort with by notifying that the payment was done along with the proof of payment.
For the Site Administrator This platform is designed in such a way that the admin panel permits the site administrator to manage all the transactions made on the site. Also, the script has a strong dispute management system that plays an important role in verifying the claims to resolve a dispute happen between the buyer and seller. This means the Crypto gets transferred to an escrow wallet. As the seller agrees with the whole transaction process, the escrow wallet will then release the crypto coin to the buyer's wallet.
This is mainly done to protect the Buyer. Two factor Authentication- This feature helps to secure the transaction of Buyer and seller in a market by two different authentication methods. Crypto Wallet- Provision of Crypto Wallet for storing the user's cryptocurrency in a safe and secured way. In order to carry out the transaction, the buyer must provide wallet address to the seller to receive the cryptocurrency. It helps in finding the Bitcoin or any other cryptocurrency easily.
Multi Cryptocurrency Support- Multi Crypto support will allow the users to carry out trading without any hindrances. This will help the users to sign up and post their trade at free of cost and set limits. Why to develop a Local Bitcoin Clone script? As an admin you will be able to set the transactions fees on your platform. A transaction is said to be completed only when the commission is transferred to your wallet and the buyer receives the cryptocurrencies in his wallet. Also you will be able to earn commission from all the transactions on your exchange.
We, Pulsehyip a leading crypto exchange clone script development company provides the clone scripts for all top exchanges to initiate your crypto exchange website in which some of them are LocalBitcoins, Poloniex, Coinbase, Binance, Okex, Bitfinex etc.
Are you the one with a cryptocurrency exchange business idea to start your own cryptocurrency exchange platform similar like LocalBitcoins? Reputation ranks provided in reputation system for the user, builds trustworthy among the customers. In order to stay away form hacking , user should enter the PIN code sent to their mobile devices whenever they login. If the user logged in from other device or from different browser, an email will be sent to the users for verification.
Initially, the seller will create an online sell advertisement providing the details about the Bitcoin for sale, payment options, price and the terms of the trade. Seller will fund the store the Bitcoin in the wallet, since it is mandatory to have bitcoins in the wallet.
Only then customer can open the trade request from the ad. Once after the buyer opens the trade, Bitcoins will be automatically taken into escrow. Seller will instruct the buyer to pay for the trade. Buyer will press the Paid Button once after finishing the payment process. Once after confirming the payment, seller will release the Bitcoins.
Then the Bitcoins will be sent to the buyers wallet form escrow. In this digital era, online presence has become an essential part for every business. In that case, users have no other options rather than to seek for this kind of exchange platforms like LocalBitcoins in order to safer transaction.
Want to start your own crypto exchange business? What are you waiting for? Get Here to Start Your Project!!! Contact Details. Disclaimer: MacAndro neither represents nor has command over the trademarks of LocalBitcoins. We are not doing any promotional activities for them and we use these terms only for understanding our products. Our motto is not to harm any organization or individual.
I am Kishore, a creative technologist and blogger at MacAndro, an explorer of all the latest mobile technologies in this contemporary world. You can cheer up with all my enchanting intelligence towards diverse sectors.
With my modern calligraphy, you can acquire peculiar key tips for your further proceedings. Be in touch to capture my regular blog updates across all the business modules. Thanks for showing interest for our services. Kindly fill out your details in the below form. We will get back to you as soon as possible! Before getting into our noteworthy services , let me explain about LoaclBitcoins clone and how it prosper your business What is LocalBitcoins?
Why need LocalBitcoins Clone Script? Loading… Benefits: 1. Quick and easy way to make trade in bitcoins 2.
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