There are several security features available on LocalBitcoins Clone Script to allow traders to buy and sell Bitcoins confidently. The platform offers multiple layers of security to monitor and protect transactions within the exchange.
The security features are:–
Escrow Services
At the time of the trade, LocalBitcoins holds Bitcoins in its funds through an Escrow account. LocalBitcoins does not store any funds or crypto in its wallet. These funds are safely released from the Escrow account when the seller confirms the trade and completes it.
Reputation and Ranking
Not every trader is allowed to trade on LocalBitcoins. Buyers should take a look at the seller’s transaction history. Only those with ranking or ratings for reputation and a good history in their trading activities with other parties belong to the platform.
Login Safety and Protection
Every time a user logs in to the LocalBitcoins platform, it confirms whether it is on the same web browser. In the case of a different web browser, the platform requires email verification again to log in successfully.
Privacy
The platform never shares its clients’ information with any exchanges or wallets. It enables users to buy and sell Bitcoins, and at the same time, it maintains the user’s privacy.
Pin Verification
Whenever a trader logs in to the LocalBitcoin account, a one-time password is sent to the registered mobile number.
Two-Factor Authentication
2FA is another important security feature on the platform’s security chain. Banks and Google use this system. Two-factor authentication refers to the two security criteria. For instance, along with the email ID and password, the user needs to enter an extra PIN code that is sent to their mobile number.
Dispute or Conflict Resolution Service
LocalBitcoins support team is ever-ready to help customer disputes and conflicts that may arise between the buyers and sellers relating to the trade or transactions. Though the platform provides top-notch security features, it is always important to be cautious while trading. Hackers and scammers can hack even the most sophisticated systems. So, it is advised to investigate all buyers and sellers in a transaction to avoid mishaps.
Source >> https://www.cryptonewsz.com/cryptocurrency-exchange/localbitcoins-review/
All these security features are availble in our custom made localbitcoins clone script.
LocalBitcoins Clone Development
LocalBitcoins Clone Script is a choice of entrepreneurs to start a profitable crypto business. With our ready-made solution, you can start your crypto exchange in just a few hours. Its advanced system structure is server-compliant and executes the trades faster than the other crypto exchanges in the market. We Sellbitbuy, a leading cryptocurrency exchange development company generates a risk-free environment for both admin and for the users of the exchange platform.
