#71 new
aaron silva

P2P cryptocurrency exchange development is a viable alternative to Centralized exchanges

Reported by aaron silva | January 21st, 2021 @ 01:26 AM

P2P cryptocurrency exchange development is the new trend shaping the future of the industry. It guarantees more privacy and security for users. It offers plenty of benefits like military-grade measures, quick execution of transactions, adequate scalability, ease of usage through the availability of a self-explanatory interface, and faster time to market.

The step by step process to operate in a P2P cryptocurrency exchange

  1. The buyers and sellers have to register themselves on the trading platform.
  2. The buyer will place a buy order for a specific amount of crypto.
  3. The matching engine automatically matches the buy order with a corresponding seller.
  4. The buyer and the seller negotiate the terms of the trade through the integrated chat facility.
  5. The smart contract-based escrow system holds the assets of the seller safely.
  6. The buyer will make the payment to the seller.
  7. Once the seller confirms the receipt of the payment from the buyer, the escrow will release the crypto-assets directly to the buyer’s wallet address.
  8. The buyer can transfer the crypto assets to his cold wallet for more safety.
  9. The trading deal gets concluded successfully.

It includes features like an accurate matching engine, spot KYC/AML verification of the users, an atomic swapping option, swift dispute management, preferred trader selection, a robust admin panel, and the availability of multilingual technical support.

Kickstart P2P cryptocurrency exchange development and enhance your financial situation in no time.

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