How to Create a Cryptocurrency Exchange Platform Like Localbitcoins, Paxful & Remitano?




Cryptocurrencies are the most spoken topic in the blockchain space and they changed the life of many traders by giving them unimaginable profits. Crypto assets are ruling the financial world by offering a wide range of beneficial factors. That’s why many people are trading them in the exchanges for making profits. Last month, we saw a bear market which disappointed many crypto traders and some people stopped trading in fear of losing funds. As we know that the crypto market is more volatile and we can not expect it will always be constant. But now, it came back to the bull market and all the crypto prices are increasing.

In recent times, we can see the increasing usage of crypto coins so there is a demand for crypto exchanges. The crypto exchange is the trading platform where users from various countries will buy, sell, or exchange their crypto assets in a secure manner. When it comes to crypto exchanges, many traders are preferring p2p cryptocurrency trading platforms rather than traditional crypto exchanges like coinbase. It is due to some beneficial reasons. P2P exchange is being the top-most priority for crypto traders right now. That’s why we can see a huge amount of user traffic in the p2p crypto exchanges like LocalBitcoins, remitano, and paxful.

On the flip side, crypto enthusiasts are saying that the p2p crypto exchange is an excellent revenue-generating business model in the marketplace. One can gain profits by creating a p2p cryptocurrency exchange similar to Localbitcoins, paxful, or Remitano. Already many startups developed their own p2p crypto exchange with ideal trading modules and making profits right now, then why not you???

In this article, let us discuss how to create and launch a p2p cryptocurrency exchange like LocalBitcoins, remitano, and paxful for your business.

Let us quickly start this article with…

What are Localbitcoins and why should you Create a p2p Crypto Exchange like Localbitcoins?

Localbitcoins is a well-known p2p cryptocurrency exchange platform in the crypto sector where crypto users can buy, sell, or trade cryptocurrencies securely without any intervention. Here buyers and sellers can connect directly without the help of any third party. Localbitcoins is the first crypto trading platform to allow users to post advertisements for buying & selling virtual crypto coins. In this platform, users can post the advertisement with the price of the exchange rate and payment method for exchanging any crypto assets.

In LocalBitcoins exchange, users can buy cryptos by using fiat currencies or any other cryptos in a simple way. So users can perform both fiat currencies to crypto trading and crypto to crypto trading without any hassle. So why should you start a p2p crypto exchange similar to Localbitcoins? This exchange has a high market cap and on the other side, users are increasing rapidly by seeing their trading options & lower fees. Localbitcoins exchange has a user-friendly interface for its global crypto users. So it will be easy to use for beginners and experienced crypto traders.

Localbitcoins has an escrow system to avoid middlemen or third parties during crypto trading. This p2p crypto exchange has a powerful two-factor authentication security facility to avoid hacking and cyberbullying. Besides, it has a login guard facility. By creating a p2p crypto exchange like Localbitcoins, you can yield profits in different ways. Such as commission fees, ad fees, withdrawal fees, deposit fees, and more. That’s why many startups are willing to build a p2p crypto exchange like Localbitcoins for reaping profits. 

I think now you have clear ideas about starting a p2p crypto exchange like LocalBitcoins.

What is Paxful and Why Should you Build a P2P Cryptocurrency Exchange Like Paxful?

Paxful is the most prominent peer-to-peer cryptocurrency trading platform in the crypto sector. Here users can trade various crypto assets in a highly secure manner. Paxful is the only p2p crypto exchange that has more than 300 payment methods to buy bitcoins and other cryptos with fiat currencies. Paxful platform includes various payment methods such as credit cards, PayPal, bank transfer, and the list goes on. But the charging fees might differ for each payment method.

Paxful is the leading p2p bitcoin exchange website and gained a huge amount of popularity among crypto investors, traders, and startups. Paxful exchange is providing its trading service to many major countries to attract global crypto traders. Such as the United States, the United Kingdom, European countries, etc. Thus, by starting a p2p crypto exchange like paxful, you can attract users from these countries with low efforts. Paxful exchange is a peer-to-peer exchange platform, so all the crypto transactions happening in the exchange are recorded by the decentralized distributed ledger. Thus, all the transactions are encrypted with end-to-end transactions.

One of the major reasons to create an exchange like Paxful has an intuitive interface for the users, so this also attracts many crypto enthusiasts to create an account in this exchange. As already said, this exchange provides more than 300 payment methods for users to buy cryptocurrencies. Here users have an option to activate the 2FA as additional security to avoid hacking and fraudulent activities. If you start a p2p crypto exchange like paxful, then it will help to grab the crypto traders easily.

What is Remitano and why Should you Build a Crypto Exchange Like Remitano?

Remitano is the finest peer-to-peer Bitcoin exchange platform and it was launched right in 2016. This is a Seychelles-based cryptocurrency trading platform and here users can buy and sell digital assets without any risk. By using this platform, users can buy or sell all prominent cryptocurrencies such as Bitcoin, Ethereum, ripple, dash, dogecoin, or whatever directly to other traders with different payment methods. Such as Bank Transfers, Bank Cash deposits, Mobile Money, etc. This exchange earned the best name for its reliable and no scam exchange to trade crypto assets with low transaction fees.

So why start a crypto exchange like Remitano? We know that Remitano is a powerful p2p crypto trading platform. So it comes with an escrow system. If the user wants to sell bitcoin or any other cryptocurrency, then those cryptocurrencies are sent directly to Escrow Wallet. Currently, remitano is serving their trading service to all global crypto traders in some major countries like the US, UK, India, Malaysia, etc.

This p2p crypto exchange provides two platforms to give a better trading experience for its users. Such as Web-based crypto exchange platforms and crypto trading mobile applications. One of the major reasons to create a p2p crypto exchange like remitano is that this exchange comes with strong security features. Such as Two-factor Authentication, Email Verification, Robust Escrow System to handle transactions, complete KYC process, and more. Apart from this, Remitano is the only p2p crypto exchange that comes with the lowest transaction fee to trade crypto coins and tokens.

How to Build a p2p Cryptocurrency Exchange Like Localbitcoins, Paxful, or Remitano? 

Every crypto enthusiast has a dream of starting a crypto exchange business to make a lucrative amount of profit. As of now, many startups are showing interest in creating a p2p crypto exchange platform to attract more crypto audiences. So how to develop a peer-to-peer crypto trading platform similar to Localbitcoins, paxful, or remitano? The answer is simple, one can create and launch a p2p crypto exchange in two different ways. Firstly, you can build a secure p2p crypto exchange from scratch. But when you develop an exchange from scratch, the major drawback is it takes approximately 6 to 10 months for completing the project. Also, exchange development from scratch will be more expensive. So as a crypto enthusiast, I will not suggest this method for you. If you want to launch a superfine p2p crypto exchange at a competitive price, then developing an exchange from scratch is not a good option.

So what will be the second option? You are curious right? Secondly, you can build and launch a stunning p2p cryptocurrency exchange by using the p2p cryptocurrency exchange clone script. It is a pre-fabricated p2p crypto exchange software that helps you to launch a customizable p2p crypto trading platform similar to Localbitcoins, paxful, and remitano within a few days at a first-class quality. There are three popular cryptocurrency exchange clone scripts in the crypto space. Such as

  1. Localbitcoins Clone Script

Localbitcoins clone script is a prominent tailor-made p2p cryptocurrency exchange script software that holds all the current trading features and plugins of Localbitcoins. This script will help you build a user-friendly p2p crypto trading platform 100% similar to Localbitcoins within a few days. It is fully customizable and protected by high-end security systems.

  1. Remitano Clone Script

Remitano clone script is a ready-made p2p bitcoin exchange script that comes with all the essential features and plugins of remitano. One can easily create a p2p crypto exchange platform like remitano easily by using a premium remitano clone script. It is highly secure and customizable so you can make changes in themes, designs, and features as per your business concepts.

  1. Paxful Clone Script

Paxful clone script is a well-known p2p crypto exchange script software that helps to create and launch an eye-catching peer-to-peer bitcoin trading platform quickly. Many people are using this script for kickstarting their p2p crypto exchange business. It is cost-effective, protected with top-level security mechanisms, bug-free, and fully customizable.

If you want to create a p2p crypto exchange platform like Localbitcoins, paxful, or remitano. Then you can buy any of these above-mentioned scripts from the renowned p2p cryptocurrency exchange clone script provider in the market.

Must-have Features for Creating a p2p Crypto Exchange

As we know that trading features play a vital role in developing and launching a p2p crypto exchange successfully. So you must give separate importance to enabling trading features while building a peer-to-peer crypto exchange like Localbitcoins, paxful, or remitano. Here is the list of extraordinary features that you must integrate while creating a p2p crypto exchange platform for your exchange business.

  1. Cryptocurrency Wallet Integration
  2. Admin Console
  3. Trader Console
  4. Ads-based trading option
  5. Crypto Trading Mobile Application for Android & iOS
  6. Liquidity API
  7. Two-factor authentication
  8. Escrow system
  9. Trading Bot
  10. Cryptocurrency Price Ticker API
  11. KYC/AML Solutions
  12. Advanced CMS
  13. Referral Program
  14. Rest API
  15. Multi-Currency Pairing

The above-mentioned features are the most important trading features and you must enable them while creating an exchange. These features will help you to gain profits and attract many users globally in a hassle-free manner.

How much does it Cost to Launch a P2P Crypto Exchange Like Localbitcoins, Paxful, or Remitano?

The cost of the p2p crypto trading platform you are planning to create will depend on the desirable features you want to enable. The p2p cryptocurrency exchange development cost depends on the location and size of your development team. For creating a stunning p2p crypto exchange, you need to have a well-experienced development team. The cost of creating a p2p cryptocurrency trading platform like Localbitcoins, remitano, or paxful will range around $6k – $12k. Here I share an exclusive table for p2p cryptocurrency exchange development cost.

Experts Number of Developers Months of Engagement US Hourly Rate
Senior blockchain developer 1 4 $20 per hour
Senior UI/UX developer 1 4 $20 per hour
Senior blockchain consultant 2 2 $25 per hour
Senior testing engineer 2 4 $20 per hour
Blockchain project manager 1 4 $25 per hour

Bottom Line

If you are looking to build a secure and customizable peer-to-peer crypto exchange platform like Localbitcoins, paxful, or remitano. Then you need to approach a genuine and professional p2p cryptocurrency exchange script provider in the marketplace. Because they will have years of experience in offering all kinds of crypto exchange solutions with integrating advanced features. They will assist you to build a fully functional p2p crypto exchange like Localbitcoins, remitano, or paxful as per your business needs at a reasonable cost.

About the author, Declan Yin

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