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In this article, in addition to defining Cryptocurrency Exchange and the P2P Platform, we try to help you get acquainted with P2P Crypto Exchange Software. So join us.
Before we get started, let’s cover the basics.
What Is Cryptocurrency Exchange?
The cryptocurrency exchange is a platform through which you can buy and sell crypto coins. It is similar to a stock exchange. Each crypto exchange has its own characteristics. For example, one exchange has very low transaction costs, while another exchange has a very wide range of different currencies. Foremost, it is important to be clear about what a crypto exchange is. A crypto exchange is a company that offers customers the opportunity to exchange cryptocurrencies for other means. In almost all cases, these other resources are money, such as euros or dollars. In short, a crypto exchange is actually the place where the demand for and supply of cryptocurrencies come together.
What Does P2P Mean?
It is the natural abbreviation for Peer to Person, or in English for know-it-alls: peer-to-peer. In other words, a person anywhere in the world and at any time sells their cryptocurrencies to you, and you send them money in return. And the security in all this? This is where exchanges like Binance, LocalBitcoins, Paxful, and dozens more come into play. P2P (Peer to Peer) trading is also known as P2P (customer to customer) trading in some regions. In P2P trade, the user deals directly with his counterparty exchanges the fiat asset offline and confirms the transaction online. Once both parties confirm the exchange of fiat assets offline, the digital asset is delivered to the buyer. A P2P platform serves as a trade facilitator by providing a platform for buyers and sellers to spread their offers. At the same time, online digital asset custody services ensure the safety and timely delivery of digital assets during trade execution.
Advantages of P2P Crypto Exchanges:
• Desired Trading • Different Modes of Payment • Multiple Cryptocurrencies can be exchanged • Multiple Language Support • Atomic exchange • Matching Engine • Offers extreme privacy • Live chat • Power-packed matching system • Administrative panel
What Is Binance P2P?
Binance is a web platform and mobile application that allows you to interact with all markets related to cryptocurrencies, buy, sell, trade, invest in futures, save cryptocurrencies, buy NFT, use its BSC network, buy dollars with its BUSD token, acquire the native token BNB and much more. For what concerns us in this article, with Binance you can buy bitcoin, and the highlight: no commissions. This is a fundamental advantage that is even the pillar of cryptocurrencies: reduce the cost of commissions that traditional movements have. In a nutshell, when you buy cryptocurrencies you pay the market price and when you sell, you do so at the market price. Binance acts as an intermediary between buyer and seller, holding the cryptocurrencies while the p2p transaction is carried out to avoid any type of scam. This is the value proposition of the Binance exchange, including 0 commissions, customer support, and much more.
Is P2P Available On the Web or On the App?
Users can now buy and sell USDT, BTC, ETH, BNB, BUSD, and DAI through Binance P2P on Binance.com and the Binance mobile app. The P2P trading feature is available in version 1.17.0 (Android) / 2.6.0 (iOS) or higher. Buying cryptocurrencies on Binance P2P is very simple and above all safe.
Let’s get down to the key part of this article.
What Is P2P Crypto Exchange Software?
P2P Crypto Exchange Software is decentralized exchange software which permits peers in the crypto market to buying and selling directly with each other without any trusted third party processing their trades or holding their funds. P2P Exchange software accelerates peer-to-peer exchanges which are executed entirely by pre-programmed software, without requiring human operation or supervision. Buy the way as an admin, you need not store your trader’s cryptocurrencies and their address. So, you can free from the difficulties, risk-free p2p exchange software.
Security Features of P2P Exchange Software
• Two-Factor Authentication • Multi Sig Wallet Integration • Secure Cold Wallet Storage • Anti-Denial of Service (DOS) • HTTPs Authentication • Registry Lock • Secure Admin Panel • Secure Data Encryption • Jail login System • Email Verifications
Features of P2P Crypto Exchange Software
• Accurate and private transaction: Both buyers and sellers can pick their desired orders over the large volume for crypto trading and vice versa.
• Hassle free crypto swapping: this option allows the buyers and sellers to carry out a secure trading process, avoiding interaction of any middleman parties. The transactions can be processed and eliminated entirely, avoiding the fraud lent of any digital agreements.
• Support multiple language and multiple cryptocurrencies: supports multiple language and numerous cryptocurrencies to achieve crypto transactions over world.
• Escrow service: p2p crypto exchange helps you stay up to date on all the paperwork and transactions, and makes sure the buyer and seller follow through with their contractual agreement. Also offers secure and trusted smart contract-based escrow system fuels the trust and hope to make successful trading between the platform’s users.
• No third parties: No intermediaries or central authorities to deduct crypto transaction fee.
• Instant KYC and profile verification: KYC/AML permits admins to authorize the user profiles quickly and efficiently, which helps remove unauthorized users to your reliable crypto exchange platform.
• Multiple payment options: Peer-to-peer crypto exchanges offer anonymous ways to buy and sell cryptocurrency with a wide range of payment methods.
• User interface (UI): p2p crypto exchange script offers single paged solutions, so it makes users can register and sign themselves using their social media accounts and log and trade themselves in the platform with ease manner.
• Real time market value: P2p exchange script has built with displaying the volatile cryptocurrency value which can be checked in real-time with no difficulties.
• Automated transactions: Though it’s a decentralized peer-to-peer swaps, automated crypto transactions drives trusted users’ transactions, eliminating the need for a middleman and eliminates unnecessary transaction fee.
• Multi-factor authentication: Multi-factor authentication is when a user must provide two or more pieces of evidence to verify their identity to gain access to an app or digital resource. Multifactor authentication (MFA) is used to protect against hackers by ensuring that digital users are who they say they are.
• Faster way to trade: This ensures an easier, secure, smooth trading process.
Last Words
We hope that this article has been useful to you, and you can start analyzing the best P2p Crypto Exchange Software to invest in. Companies present the most beneficial Ready-Made Crypto Exchange Software for your Websites. They similarly give custom web development solutions and website clone scripts services. Their development is highly adaptable, strong, and easy to use. Moreover, this way gives your clone script a very competitive advantage. The scripts are complete with attention to usability and search engine optimization and consequently spring you.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Leon Fischer-Brocks Co-Founder | CEO at Bloxley
22 May
Priyanka Rao Content Strategist at Jupiter Money
Vijay Mayadas President, Capital Markets at Broadridge
19 May
Erica Andersen Marketing at smartR AI
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