P2P crypto exchange script – Launch your own Escrow enabled P2P crypto exchange.

P2P Crypto Currency

In this digital era, cryptocurrency made a considerable footprint in the digital trading platforms. Currently, many people are trading cryptocurrencies because it offers a large amount of profit in a short time and another major reason is many big companies started accepting crypto as their payment. Crypto is the most trustworthy one to deal with and also a little bit risky at times. As we can see the increasing usage of crypto coins, there is a demand for peer-to-peer crypto exchanges.

The P2P cryptocurrency exchange is one of the major types of crypto exchange that plays a crucial role in the marketplace. Many people are aware that Bitcoins and other major crypto assets have become more prominent among investors. In recent times, many eminent crypto exchange platforms have faced some issues. Such as cyber-attacks, loss of funds, and other security threats. It is due to the inappropriate security features. So many crypto traders preferred to trade cryptos in the peer-to-peer cryptocurrency exchange platform. Thus, many budding startups and entrepreneurs are showing interest in creating the p2p crypto exchange with escrow security by using the bug-free p2p crypto exchange script.

In this article, let us discuss some important factors to create a p2p crypto exchange platform with escrow security.

Let us quickly begin with…

What is a P2P Crypto Exchange?

The term P2P refers to peer to peer (or) person to person. Peer-to-peer crypto trading comes under both centralized and decentralized exchange platforms. In the centralized exchange, the user can perform only fiat to crypto by using the p2p option. Whereas in the DEX platform, the user can facilitate crypto to the crypto transactions through the p2p trading option. In other words, the p2p crypto exchange is a trading platform that helps users to trade, buy, or sell all the virtual crypto coins without a middleman. Usually, a p2p crypto exchange supports more than 20+ crypto pairs for trading.

In a peer-to-peer crypto exchange, the crypto trading will be totally done between a person to person with the help of smart contracts instead of mediators. The transactions are highly transparent and secure when compared to the traditional crypto exchange. The p2p exchanges mostly follow the concept of decentralization. So it eliminates the involvement of third parties. Here, instead of the order book system, it has a powerful matching engine that matches the crypto traders directly.

This type of crypto exchange utilizes smart-contract-based escrow security to facilitate transactions. This attracted many crypto users to trade crypto in the p2p exchange option. Thus, most business people prefer to create a p2p crypto exchange with escrow rather than traditional exchanges.

Now, you may ask a question like….

What is an Escrow?

An escrow is one of the finest security measures or features in the p2p crypto trading platform. In general, escrow security is a kind of legal concept describing a financial agreement. Here, an asset will be held by an escrow wallet on behalf of the other two parties involved in the process of transaction in the p2p crypto exchange. By using this escrow system, users can make a fast and secure crypto transaction while ensuring overall security, trust, and cost-effectivity. The transaction will happen only after all terms and regulations match the agreement in the escrow account.

Escrow service helps to perform the crypto transactions by keeping the payment in a secure escrow account. The escrow system will be handy in the case of a large amount of money transaction involved, and some regulations need to be satisfied before the payment is released. The escrow system makes sure that neither of the transactions is found defaulting. That’s why many people are showing their interest to build their own p2p crypto exchange platform with an escrow security mechanism. Now, let us see…

What is p2p Cryptocurrency Exchange Script?

P2p crypto exchange script is the ready-made software that comes with all the basic and essential features to launch a p2p bitcoin exchange platform. By using a powerful p2p crypto exchange script, you can instantly build and deploy a superfine p2p crypto exchange with escrow security. This type of white label cryptocurrency exchange software is secure and highly responsive with all the desirable trading features. This script has a high customization scope so you can modify themes, designs, logo, name, trading functionalities, and other add-ons as per your business needs. Coinsclone offers the first-rate p2p cryptocurrency exchange script with an eye-catching user interface and tightened security systems. Our peer-to-peer crypto exchange script is completely developed, designed, multi-tested, verified, and ready for deployment. Besides, our premium white label p2p crypto trading software supports all major crypto assets for trading which enables you to increase the user base on your platform.

How Does an Escrow System Work in the P2P Crypto Exchange Script?

An escrow system is a part of the third-party role involved while making a secure crypto payment in the p2p crypto exchange. An escrow system is completely designed to protect both the buyer and seller funds. By having an escrow system in the p2p crypto exchange script, you can neglect the fraudulent activities easily. The powerful escrow system collects and holds the funds as if satisfying both the parties making the transaction. To agree with the terms, the buyer and seller need to register in the escrow account.

After registration, the parties must agree to the terms and conditions of escrow security. Once the buyer accepts and proceeds with payment, the escrow system will verify and the seller receives a notification (Like funds have been received and secured safely in an escrow account). After the payment verification is done, the seller needs to send out the crypto assets to the buyer along with the tracking information. The escrow system also verifies whether the buyer is reached out with the merchandise.

After the crypto asset reaches the buyer, a certain time will be set for the purchaser to inspect the commodities. With the confirmation, escrow will release the payment of the funds to the seller from the secured escrow wallet.

This is how the p2p crypto exchange script with an escrow system works in real-time

Fascinating Features Other than Escrow in P2P Crypto Exchange Script

Other than the Escrow system, you can also enable some trending technical features in the white label p2p cryptocurrency exchange script. They are

  1. Powerful matching Engine
  2. Instant KYC and AML Verification Software
  3. Multi-layer security
  4. Escrow crypto wallet integration
  5. Crypto payment gateway integration
  6. Multi-language support
  7. OTC trading support
  8. Advertisement trade
  9. Private Chat

By enabling these features in the p2p crypto exchange script, you can launch a perfect and secure p2p crypto exchange platform successfully. If you want to create and deploy a superfine peer-to-peer exchange with escrow, then the most essential thing you need to do is choose the genuine and professional p2p cryptocurrency exchange script provider in the industry. One such genuine provider in the crypto industry is Coinsclone.

Reasons to Launch a P2P Cryptocurrency Exchange with Escrow System

Here we list some valuable reasons to create a peer-to-peer cryptocurrency exchange with an escrow system.

Privacy Mechanism

Privacy is one of the major reasons for starting a p2p crypto exchange business with an escrow system. P2P cryptocurrency exchanges with escrow systems will not have a third party to facilitate the transaction. Besides these, the decentralization network with blockchain cross-functional characteristics will ensure the entire platform’s privacy and security. Such as immutable and distributed ledgers facilitating encrypted transactions.

Cost-Effective Transactions

In general, when there is an involvement of third parties in a transaction then automatically the transaction cost will be higher. As previously said, the concept of peer to peer decentralization network will avoid the need for an intermediary for trading on your p2p crypto exchange platform. Finally, it cuts down the transaction costs to your users.

Robust Platform with Enhanced Security

In the p2p exchange development, it has a KYC feature. Here, the details of users will synchronize with the blockchain database. So the p2p exchange platform eliminates the need to worry about exchange authenticity. The KYC feature in the p2p crypto exchange script helps you to verify the user’s identification easily.

Worldwide Transactions

As we know that exchanging fiat money takes more days or a week for international transactions. But P2P crypto exchange platform offers fast, efficient, and cost-effective secure crypto transactions to global users. Thus, any user around the world can facilitate crypto transactions on a P2P exchange platform instantly. On other hand, it helps you to enhance the user base globally in a risk-free manner.

Multiple ways to withdraw and deposit

Many crypto users prefer p2p crypto exchange because of its security and multiple ways to withdraw & deposit funds. Even centralized crypto exchanges accept only bank deposits & wire transfers. However, they will be slow when traders use bank transfers to make deposits or withdrawals from their crypto wallets.

At this current time, many banking sectors are not accepting withdrawals or making deposits in centralized cryptocurrency exchanges. But you won’t experience this kind of issue on a P2P crypto exchange platform. As of now, there are many popular peer-to-peer crypto exchanges with an escrow system. Such as

  • Binance P2P
  • Localbitcoins
  • Wazirx
  • Giottus
  • Paxful
  • Remitano
  • Bitbns
  • CoinDCX

So, these are the essential and significant reasons to develop a peer-to-peer crypto exchange platform with an escrow system by using the p2p crypto exchange script.

How to Develop a Peer-to-peer Crypto Exchange with Escrow?

Developing a stunning peer-to-peer crypto exchange platform with an escrow system will be not difficult when you use a bug-free p2p crypto exchange script. As we already said, it is a pre-designed p2p crypto exchange software that holds all the desired features including an escrow system. You can launch a secure p2p crypto exchange with an escrow system immediately by using this premium p2p crypto exchange script. But before leaping into the p2p crypto exchange business, you must consider some essential factors.

They are,

  • Have unique business requirements
  • Market research
  • Identify the location where you want to launch your p2p crypto exchange
  • Legal feasibility
  • Check the jurisdiction of the country
  • Design the architecture of your exchange
  • Identify the leading and best p2p cryptocurrency exchange script provider in the industry
  • Implement the Escrow mechanism and other essential trading features
  • Integrate high-level security features
  • Analyze the quality of exchange
  • Deployment and Start Marketing
  • Maintenance
  • Customer support channel

Thus, consider these factors in your mind before starting your p2p crypto exchange business with a premium p2p crypto exchange script. So that you can launch a flawless and secure p2p exchange platform without any hurdles.  

Why Choose Coinsclone For P2P Crypto Exchange Script?

Coinsclone is an exemplary p2p cryptocurrency exchange script provider in the crypto industry. Being a leading bitcoin exchange script provider in the market, we excel in offering all sorts of white label crypto exchange solutions with top-notch outcomes. Our reliable solutions are crypto payment gateway development, cryptocurrency exchange clone software, white label crypto exchange, crypto wallet development, and more. Besides these, we are specialized in affording the premium p2p crypto exchange script with an advanced escrow system and other add-on features. Our ultra-modern peer-to-peer exchange script is a highly customizable and bug-free scalable product. Thus, utilize our superfine white label p2p crypto exchange software and launch your p2p crypto exchange platform with an escrow system as per your business needs at the best price in the market.

Get a free live demo of our premier p2p cryptocurrency exchange script now!