Nowadays, the huge number of Cryptocurrency Exchange Platforms have obtained a prominent space in the crypto economy. The more the cryptocurrencies influence the global market, the more the Cryptocurrency Exchange Platforms evolve.
Crypto Exchange Platform is broadly classified into
- Centralized Crypto Exchange
- De-Centralized Crypto Exchange
- Hybrid Crypto Exchange
Usage of Centralized server in Centralized Crypto Exchange leads to hacking, theft, and stealing of data, etc,
In Concern to provide, high-level security P2P Cryptocurrency Exchanges evolved,
What is P2P Crypto Exchange?
In Peer to Peer Crypto Exchange, there is no central cloud to store cryptocurrencies and traders data. Here, Traders can proceed end to end trading without the involvement of the third party.
How does it work?
P2P Crypto exchanges work on Escrow security, This Escrow feature gives you high-level security in crypto trading.
What is Escrow?
It holds the multi-sig wallet, which sends cryptos only after the buyer, seller , Admin approval. It eliminates the chances of theft and hacking.
Once the trade matched,
- The seller have to send the bitcoin to the escrow wallet
- Admin notifies buyer to send payment to the seller
- After received the payment, the seller notifies the admin to release Cryptos
- Finally, the buyer gets crypto from wallet
The above case is suitable for crypto to fiat transaction. For Crypto to Crypto transaction, Smart Contract Powered Escrow is enabled.
In this case, Smart contract holds all the control for Escrow wallet, and sends cryptos to buyer and seller wallet automatically after the verification.
What to do with P2P Crypto Exchange Script?
Nowadays, many popular Cryptocurrency Exchanges like Localbitcoins, Paxful, Remitano, WazirX are Escrow powered peer to peer crypto exchange platforms by making use of this script you can easily start a exchange platform just like them with incredible clone scripts
What is Peer-to-Peer Trading?Peer to Peer trading is the process of exchanging cryptocurrencies among the seller and buyer directly over a secured exchange platform.
The seller and buyer publish trading ads with requirements and details.
They directly interact with each other to get the exact trade match for their trading demands.
On execution of trading between seller and buyer with the help of escrow service.
One can start a p2p cryptocurrency exchange by acquiring a P2P cryptocurrency exchange script.How Does a P2P Exchange Work?The user must register on the exchange platform.After registration, an email verification code will be verified.Once confirming the mail, the user is allocated with a cryptocurrency wallet for their trading.The seller post ads with details of the cryptocurrency for sale.The same as seller-buyer post the ads with the requirement.Once seller and buyer ads match they will interact directly via chat on the platform.The seller cryptos are transferred to the escrow wallet, once the buyer sends the payment.The seller confirms the payment received then escrow releases the cryptos to the buyer's wallet.Key Benefits of P2P Exchanges ScriptGlobal MarketplaceP2P crypto exchange where users are able to trade from various parts of the globe without any location barriers.
It is available in more than 180 countries.Multiple Payment MethodsP2P crypto exchanges provide multiple payment methods.
Peer to Peer Cryptocurrency Exchange Website is the highly preferable crypto exchange platform among traders because many traders did not like the involvement of third party.
Nowadays, Top trading Exchanges are Decentralized, some of the popular cryptocurrency exchanges areLocalBitcoinsPaxfulRemitanoBinance Any entrepreneur can start a P2P Cryptocurrency Exchange with P2P Crypto Exchange Script.
By this script one can build an exchange by integrating some other features or by buying Cryptocurrency Exchange Clone Scripts one can build a popular crypto exchange platform.
LocalBitcoins Clone ScriptLocalBitcoins is a famous P2P cryptocurrency exchange that allows users to trade local bitcoins through buy/sell ads.LocalBitcoins Clone Script is a P2P exchange website script that allows escrowed crypto exchange between traders.
We, Bitdeal offers the best LocalBitcoins clone script with enhanced payment methods, complete escrow trading platform, additional security APIs and so on.Remitano Clone Script Remitano, the top most crypto exchange that offers a platform to buy/sell cryptocurrencies with the absence of the third party.We furnish the best remitano clone script to start your own exchange as like remitano to strike huge revenue.
Our Script contains advanced security modules, multi coins support, user-friendly admin panel and lot more to grab high-density users.Paxful Clone ScriptPaxful is the most popular p2p and fair bitcoin marketplace.
Below you will get to read all the features of our clone script.What is LocalBitcoins Clone script?LocalBitcoins is one of the most famous bitcoins marketplace that permits users to publish ads or submit their requests to buy or sell bitcoins.
A user can buy a cryptocurrency by mentioning the price and the amount of cryptocurrency they are willing to purchase and pay for a unit that helps to choose and buy whether from nearby people or from anyone all over the world via internet without considering geographical limitations.
The main fact about the LocalBitcoins exchange is, it considers with all the necessary ingredients inbuilt to run a successful business in crypto market.Some of the exciting features that add benefits to your business exchange selection lies with its units and the features available in the portal.
It is robust and smooth in capturing the fields required to the exchange process with the strapping detection and high security.How do LocalBitcoins Clone Script Work?Once the server is successfully set up with the script, then it is all well-set to run the business.The Steps to Sell BitcoinsStep 1: First, register on the platform by filling the details on the profile.Step 2: Once the account have been created, a wallet will be generated on the platform that works like an escrow on the platform.
Before posting an Ad, the platform cross-checks whether the person applying to sell have an enough balance to proceed the request.Step 4: Once the sell request Ad is posted, a notification will be received to the buyers nearby to the seller or those who have shown interest to buy cryptocurrency from anywhere.Step 5: Then the interested buyers after viewing the request can get in touch with the seller to buy the bitcoins either in direct or by way of online transaction.Step 6: The seller has the option either to accept or reject the buyer request.Step 7: After the payment is received by the seller from the buyer, there will be note mentioning that the transaction is complete and then the crypto coin is transferred to the buyer.The Steps to Buy BitcoinsStep 1: In order to buy a bitcoins, the buyer need to create a profile and then search for a suitable seller nearer to one’s own location, then rating, pricing, and expected payment options are also need to get mentioned.Step 2: Once they found the seller based on one’s buying demands, then you can contact them by placing a buying request.Step 3: Then, the seller will look the buyer's profile and make decision whether to accept or reject the buyer request.Step 4: Based on the seller acceptance, next the payment made through the option both the buyer and the seller is comfort with by notifying that the payment was done along with the proof of payment.Step 5: Once the seller received the payment from the buyer, the bitcoin is transferred from the seller's wallet to the buyer’s wallet.For the Site AdministratorThis platform is designed in such a way that the admin panel permits the site administrator to manage all the transactions made on the site.
Also, the script has a strong dispute management system that plays an important role in verifying the claims to resolve a dispute happen between the buyer and seller.Special features supported by Our Local Bitcoin Clone scriptSupports Escrow Wallet- Once the trading begins, Our Escrow wallet is activated.
