A Detailed Insight into P2P Crypto Exchange Development
A cryptocurrency exchange is of three types – centralized exchange, decentralized exchange, and P2P crypto exchange. P2P crypto exchange development involves building a platform that connects buyers and sellers directly. In this blog, we will gather some more insights on a P2P crypto exchange and its benefits.
P2P crypto exchange
P2P crypto exchange is a software platform that matches buyers and
sellers directly while eliminating any third-party involvement.
However, if any dispute arises between the two parties involved in
trading, then the third party comes into action to resolve the
emergence of P2P crypto exchange platform
P2P exchange developmentmade its way in 2014 when the number of scams in the crypto industry increased. While many countries started recognizing cryptocurrency as a means of payment and had a positive outlook toward cryptocurrency, the increasing number of scams was a concern. Thus, to bring trust to the cryptocurrency industry, P2P exchanges were introduced.
features of a P2P crypto exchange
Instant KYC and AML verification
based escrow account
dispute management system
of a P2P crypto exchange platform
following are the benefits offered by a P2P cryptocurrency exchange:
P2P crypto exchange is backed by blockchain technology and the
concept of decentralization. It offers full transparency and privacy
in transactions. The adoption of KYC and AML verification processes
further enhances security.
crypto exchanges are not bounded by geographical limitations. Each
resident of a country that permits crypto trading can trade on a P2P
exchange. It is the fastest and most efficient way of trading, as it
is available 24*7.
is no middleman who works as an intermediary to process transactions
on a P2P exchange. Therefore, the transaction fee is also minimal and
does not burn a hole in traders’ pockets.
P2P crypto exchange development is a profitable business opportunity. We, at Antier Solutions, provide customized and white label P2P crypto exchange development services to steer your exchange development journey.