Many tech developers have reviewed Hivelance’s localbitcoins clone script and recommended the solution to the peer community. It is an ideal feature-rich clone script for getting your crypto business off the ground. See the detailed characteristics of the Localbitcoins Clone script as follows.

When users sign up for an account on the LocalBitcoinsclone platform, a virtual wallet called escrow wallet is generated under the site's master wallet. It is used to keep cryptocurrencies safe. If a transaction is in progress, the user will be unable to transfer cryptocurrency from one wallet to another or from one wallet to another.

2. KYC Verification Made Simple

KYC (Know Your Customer) verification is a well-streamlined and 5-star process on the LocalBitcoin network. Users can upload personal papers for verification when they sign up for an account. As a result, the platform's verification procedure is more secure and safe.

3. GDPR-Compatible

The General Data Protection Regulation, or GDPR, is a data privacy law. The LocalBitcoin Clone script is GDPR compliant.

4. Distance Mapping

This function allows users in close proximity to interact with one another and begin trading or exchanging cryptocurrency. It is built on a proximity algorithm; nearby traders are advertised, and customers can see payment options, feedback, and other safety ratings before beginning the trade.

5. Mechanisms For Review And Feedback

After completing transactions, users of the LocalBitcoin platform will be able to submit feedback. Response rate, transparency, profile completeness, and the overall positive and negative feedback ratio are all used to calculate the rating.

6. Dispute Resolution

A well-developed dispute management system is included in the LocalBitcoin Clone script. It includes all of the necessary tools for verifying claims and resolving any disputes.

7. An easy-to-use interface

LocalBitcoin optimized the CSS and performed HTML minification in web applications, allowing pages to load faster. In mobile apps, the finest coding standards are utilized to make them run faster and with less bloat.

8. Reliable reporting

The administrator dashboard on the LocalBitcoin platform will provide useful data reports on how successfully the business is managed, with overall negative feedback addressed, and how to manage the bottleneck to improve the business.

9. Personalized and instant messaging

Users will be able to send quick and customized messages to other users to proceed with any trade or exchange before commencing it.

10. Native Applications

Users can exchange or trade offline on the iOS and Android versions. By paying the cryptocurrency in person, the buyer or seller can acknowledge the transaction and mark it as completed.

Business model you use with Localbitcoins clone

Any request, such as a buy or sell request, is subject to a posting fee. The user must pay the posting charge for each request they make on the platform. The site administrator receives a specified percentage of the posting charge, which is defined or controlled by the platform's admin panel.

Crypto Advertisement or Banner Monetization: When certain people are targeted for your platform, a banner or advertisement can help you increase your revenue. The crypto investors are targeted by the LocalBitcoin site, and they may be interested in investing in cryptocurrencies or anything related to them. Crypto advertisement or banner networks are on the search for exchange platforms that attract a large number of investors and enhance ad traffic.

Processing Cost: Each successful transaction incurs a processing fee. This is one of the many ways to profit from the LocalBitcoin platform. Transferring cryptocurrency from the internal wallet to any other wallet outside the platform incurs a processing cost.

Stay updated with Hivelance Technologies regarding the updates of their version released in localbitcoins clone script.