Peer-to-peer exchange
In a centralized exchange users buy cryptos from the exchange’s pool of crypto reserves. But, with P2P exchanges users buy cryptos directly from the other users of the platform. Smart contracts help users to efficiently carry out their transactions without any third party involvement.
Features of an P2P exchange:
Authentication: Multi factor authentication helps the users to execute secure transactions.
Multicurrency wallet: Users can store various crypto currencies with the wallet
Preferred trading: Users can choose their preferred buyer and sellers. This ensures smooth and secure trading.
Payment gateway integration: Users can send and receive cryptos using various payment methods within the platform.
To conclude, P2P exchanges address all the issues with centralized exchanges and are slowly being adopted in the financial industry. If you’re an entrepreneur looking to develop a peer-to-peer exchange platform, then it is recommended that you hire a professional p2p exchange platform development company.
