How Much Does It Cost To Build an Exchange Like LocalBitcoins ?

Wolfie Zhao
Dec 19, 2019 at 05:00 PM
Updated Mar 21, 2020 at 11:53 AM

To start a cryptocurrency exchange like localbitcoins, you must need a premium localbitcoins clone script, and that will cost from $1000 to $4000. This is the approximate value of raw ready-made localbitcoins clone script. This script may require some additional customization to execute trades properly. So the customization cost will be added to the purchase cost. Also based on the added plug-ins, API’s and other trading features, the cost may get varied for cryptocurrency exchange development companies.

We at bitdeal provide you the premium local bitcoins clone script with exclusive features, which will require minimum customization. If you want to know more about the pricing and other customization details of our local bitcoins clone script you can reach our representative below instantly.

Why Do People Want To Build an Exchange like Localbitcoins?

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. 

1. You can buy it in online in localbitcoins website via highly secured Escrow featured integrated wallet.

2. You can pay via payment options such as Bank transfer, Paypal and some other mediums.

3. You can directly meet buyer and get bitcoin for your local fiat currencies since this exchange has the perfect name Localbitcoins.

PaxFul The Direct Competitor of LocalBitcoins Left Some Words on Reddit.

Years ago, Paxful, one of the leading Cryptocurrency Exchanges and a direct competitor of localbitcoins, has commented on the question, “How much does it cost to build an exchange platform like Localbitcoins” on Reddit. There, Paxful listed out some of the much-needed components that they have worked to make their exchange one step ahead of localbitcoins. Check out the things below. 

  1. Crypto wallet: To store, send and receive payments
     
  2. Trade Actions: some of the trade actions such as auto-cancel trade, dispute trade, feedback delivery system can be integrated for better user experience.
     
  3. Live Trade Chat: Chatting is the much-needed facility so that the traders can message privately and clear their doubts.
     
  4. Feedback System: Feedback system helps users to give feedback regarding their trading experience.


Know more: Reddit.com

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

Where to Get LocalBitcoins Clone Script?

Bitdeal is the leading Cryptocurrency Exchange Clone Script Provider, offers the best Localbitcoins Clone Script with all the default features of Localbitcoins exchange.

We Bitdeal, develop and deliver the best Localbitcoins clone Script with all the advanced trading features and plugins.

Our Localbitcoins Clone Script Features

  1. 100+ Cryptocurrencies support
  2. Multiple FIat-Crypto Trading Pairs
  3. Two Factor Authentication
  4. Escrow Integrated
  5. Chat Bot Integrated
  6. Future Trading

And more.

You can check out the entire features of our local bitcoins clone script here, Also Check out the free trial demo video of our local bitcoins clone script below here.

Ready To Start Your Own Cryptocurrency Exchange Like LocalBitcoins? Inquire Demo Here!

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