Local cryptocurrency exchange scripts work on a peer to peer system to enable easy and quick trading of crypto coins and tokens by the users.
The step by step process involved in Local cryptocurrency exchange scripts
A user should create a “Selling Bitcoins” ad on the platform and specify the payment method for the seller to perform the transaction along with the pricing, and other terms and conditions of the crypto.
Fund the Local Bitcoin wallet with some cryptocurrencies and open the trade request.
When the buyer opens the trade request, the full amount of cryptocurrency is taken from the seller’s wallet to the escrow account.
Once the payment has been executed by the buyer successfully and the seller has received the payment, the escrow will release the digital currency automatically to the buyer’s wallet.