How does P2P Cryptocurrency Exchange Work ?



"Safety First is Safety Always." - Charles M. Hayes

Security is one of the main aspect that everyone need in all of their aspects. Here let us discuss about one of the most secured way for cryptocurrency trading.

Peer-To-Peer trading is one of the safest way to trade cryptocurrency on online exchanges.

P2P Crypto Exchange

P2P cryptocurrency exchange is a platform that involves transactions between buyer/seller in a peer to peer manner. There is no involvement of third party to handle the trading processes. Instead the Escrow admin will take care of the trading process.

How does P2P crypto exchange work ?

Before explaining the work flow of the p2p cryptocurrency exchange , let us list some basic terms.

Cryptocurrency : The "Virtual Currency " that does not have any physical apperence but exchanged among people using an online platform.

Cryptocurrency Exchange : An online platform that allows users to trade cryptocoins anytime.

Buyer : A person who placed an buy order as he is in need of digital currency.

Seller : A person who sells cryptocurrency on the exact buyer of his needs.

Working of P2P crypto exchange

A buyer will place a buy order on the p2p crypto exchange platform. A seller places a sell order. The "Order Matching System " in the p2p crypto exchange platform will process the orders and if the buy order and sell order matches the transaction will takes place.

Here comes an Escrow Admin to take over the process of exchange of cryptocurrency between buyer and seller. The seller first sends cryptocurrency to the escrow admin and escrow admin transfer it to the buyer after the approval of payment received by seller from the buyer.

Escrow admin can not keep those cryptocurrency or hack them as it needs a private key to be known to hack those cryptocurrencies. Only when the private keys matches the cryptocurrencies are released from escrow admin account to the buyers account.

Hence it is 100% secured crypto transaction which eliminates the chance of hackings.

Popular P2P crypto Exchange 

Some of the popular p2p cryptocurrency exchange are listed below :
1. LocalBitcoins
2. Remitano
3. Paxful
4. Wazirx and lot more.

Where to get P2P crypto exchange script ?

Bitdeal - Leading P2P Cryptocurrency Exchange Development Company , offers p2p cryptocurrency exchange script to start your own Peer to Peer cryptocurrency exchange platform.

We Bitdeal develop LocalBitcoins Clone Script, Paxful Clone Script, Remitano Clone Script and WazirX clone script to launch your own p2p crypto exchange as like LocalBitcoins, Remitano,Wazirx and more.

Get a live demo for your p2p crypto exchange script at anytime from Bitdeal !!

Whatsapp : +91 9677555651.

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