With centralized exchanges suffering from repeated hacking attacks, the onus has shifted to p2p exchange platform development that gives high priority to the security and privacy of the traders.
What are the unique features provided by p2p exchange development services?
A high-performing matching engine that executes the orders raised by the users with low latency.
Spot KYC/AML verification of all the traders in the platform to ensure an authentic user base.
Safety measures like two-factor authentication, email authentication, and SSL implementation.
An atomic swapping option where assets can be directly exchanged by the users without the presence of middlemen decreasing the chances of a conflict.
Preferred trader selection facility where the buyers have full freedom to select their seller and vice-versa.
Multilingual technical support is provided round the clock.
The acceptance of numerous payment methods to ensure the smooth processing of transactions.
The functioning of a p2p exchange platform
Users have to register on the platform.
They have to create either a buy or a sell order based on their requirements.
Once both the buyers and sellers have negotiated the terms and conditions of the trading deal, the buyer makes the payment to the seller.
The seller receives the money from the buyer.
The crypto assets will be released from the escrow to the buyer’s wallet.
The buyer can transfer it to his personal wallet for more safety.
Hence, a big transformation is happening in the market with the growth of p2p crypto exchange platform development. It offers a friendly user interface and risk-free trading at low fees.
