How Localbitcoins Wallet Works?

Localbitcoins is the popular bitcoin exchange with tremendous trade volume. Recently, this exchange have added KYC for trading process to reduce the drak net transactions. In their official medium site, they have explained the working of localbitcoins wallet.

Localbitcoins use online wallet and it is easily available for free for initial users. Localbitcoins charge users for every transactions. All the user’s funds are stored in the offline wallet. i.e cold wallet and hot wallet is used for online transactions.

The exchange added that, as the reputed company, they have added high standard security tools for secured transaction.

Now, in the pandemic, Crypto Exchange business grows high and high, many budding entrepreneurs are willing to start a Cryptocurrency Exchange. By making use of Localbitcoins Clone Script, any budding entrepreneur can start a Crypto Exchange just like Localbitcoins.