The P2P cryptocurrency exchange is the major exchange type and an excellent business idea too. For the past few years, many eminent crypto exchange platforms have faced some security issues. Such as cyber-attacks, loss of funds, etc due to the inappropriate security features in traditional crypto exchanges. So people started to approach p2p exchange platforms for buying and selling crypto assets as it comes with escrow functionality.
By seeing the massive approach of crypto users and the futuristic scope of p2p exchange, many entrepreneurs started to show keen interest to create a p2p crypto trading platform with escrow security by using the most efficient method called p2p crypto exchange script.
In this article, let us discuss the importance of the p2p exchange script with its benefits, features, and other aspects.
But before that, you need to be aware of…
What is p2p Crypto Exchange?
The term P2P refers to peer-to-peer (or) person-to-person. This type of trading comes under both DEX and CEX 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 only.
In a peer-to-peer crypto exchange, the crypto trading will be totally done from person to person with the help of smart contracts instead of mediators. 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. As a startup, creating a p2p crypto exchange with an escrow function is more vital. But why?? Let us see…
Why Create a P2P Crypto Exchange with Escrow System?
An escrow is one of the finest security measures 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.
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. Besides, the escrow system ensures that neither transaction is found defaulting.
Here we list some valuable reasons to create a peer-to-peer cryptocurrency exchange with an escrow system.
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.
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 for 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.
Generate High Revenue
Every startup that plans to enter the crypto business world will have a dream of making money and building a brand. By starting an exchange business using the p2p exchange script, you can gain an enormous amount of revenue in a short time and also you can build a brand under your organization’s name. You can use your own ideas to make money rather than using other strategies. Implementing unique concepts for revenue generation is highly advisable.
Multiple ways to withdraw and deposit
Many crypto users prefer p2p crypto exchange because of 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 your users won’t experience this kind of issue on a P2P crypto exchange.
Therefore, these are the significant reasons to develop a peer-to-peer crypto exchange platform with an escrow system by using the p2p crypto exchange script. So,
What is p2p Exchange Script?
P2p exchange script is the ready-made exchange software that comes with all the basic and essential features to create a p2p crypto 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 p2p cryptocurrency exchange software is secure and highly responsive with all the desirable trading features.
We at Coinsclone offer you an ultra-modern p2p exchange script with jaw-dropping features. The script we offer has a high customization scope so you can modify the entire theme of the platform, visuals of the exchange, trading functionalities, and other add-ons as per your business needs. Our p2p cryptocurrency exchange script has an eye-catching user interface and tightened security systems.
Our premium peer-to-peer exchange script is completely developed, designed, multi-tested, verified, and ready for deployment. Besides, our bug-free p2p cryptocurrency exchange script supports all major crypto assets for trading which enables you to increase the user base in your platform.
How Does a P2P Cryptocurrency Exchange Script work?
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’s and seller’s funds.
By having an escrow system in the peer-to-peer exchange script, you can neglect fraudulent activities easily. The powerful escrow system collects and holds the funds if both parties make the transaction.
The user needs to register for making transactions in the p2p exchange. 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).
Once the payment verification is done, the seller needs to release 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 assets. With the confirmation, escrow will release the payment of the funds to the seller from the escrow wallet.
This is how the p2p crypto exchange script with an escrow system works in real time.
Fascinating Features of P2P Crypto Exchange Script
When it comes to the p2p crypto exchange business, the features you equip in the script will decide the success rate of your exchange. We enable the top-class trading functionalities in our p2p exchange script to deliver the best experience for your global crypto users. They are
- Powerful trading Engine
- Instant KYC and AML Verification
- Multi-layer security
- Escrow crypto wallet integration
- Crypto payment gateway integration
- Multi-language support
- Advertisement trade
- Referral program
- Advanced chart analytics
- Private Chat and more
By enabling these features in the p2p cryptocurrency exchange script, you can launch a superfine p2p crypto exchange platform successfully. You can also optimize these features based on your preference and business concepts with ease.
Business Advantages of using p2p Exchange Script
- It is pre-developed software and ready to launch, so you can build a p2p crypto exchange at the minimum possible time.
- By using this script, you can gain more trust among your users.
- This script is constructed with the latest security modules, so you can keep your customer’s information and other digital assets more secure.
- The peer-to-peer exchange script is highly customizable as per your business necessities
- This script supports almost all the major crypto assets for p2p trading such as bitcoin, ethereum, bitcoin cash, Dogecoin, ripple, litecoin, and so on..
- Completely multi-tested and error-free script.
- No technical knowledge is needed
- Quick brand recognition as you are going to launch the p2p exchange within a few days.
- Comes with an escrow function and other mind-blowing technical features.
Now, let us see…
How to Create a p2p Crypto Exchange using a p2p Exchange Script?
Developing a stunning peer-to-peer crypto trading platform with an escrow system will be not difficult when you use a bug-free p2p crypto exchange script. But before leaping into the p2p crypto exchange business using this script, you must consider some essential factors. They are,
- Have unique business requirements
- Market research
- Identify the location where you want to create your own p2p crypto exchange
- Legal feasibility
- Check the jurisdiction of the country
- Design the architecture of your exchange
- Identify the renowned p2p crypto exchange script provider in the industry
- Implement Escrow mechanism and other essential trading features
- Integrate high-level security features
- Analyze the quality of exchange by performing multiple testing
- Deploy the exchange and Start Marketing
- Have a 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, you can launch a flawless p2p exchange platform without any hurdles.
Among these factors, the most essential factor that you need to deem is identifying a professional p2p exchange script provider in the blockchain industry. One such genuine provider that you can see in the current market is Coinsclone.
Why Choose Coinsclone to Create a p2p Crypto Exchange?
Coinsclone is an exemplary p2p cryptocurrency exchange script provider in the crypto industry for more than 5+ years. Being a leading crypto exchange script provider in the market, we excel in offering all sorts of white-label crypto exchange solutions with top-notch outcomes. Our best-in-class crypto solutions are crypto payment gateway clone scripts, cryptocurrency exchange clone scripts, white label crypto exchange software, crypto wallet clone scripts, DeFi exchange clone software, and NFT marketplace clone script.
We are specialized in providing 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 optimizable, reliable, and bug-free scalable product. Thus, utilize our superfine white label p2p crypto exchange software and launch your dream p2p crypto exchange platform with an escrow system as per your business needs at the best price in the market.