P2P Cryptocurrency Exchange –
Following a decentralized approach to interactions
Exploiting the fundamental concept of blockchain technology, which is decentralization, a P2P (peer-to-peer) exchange executes transactions without any
third-party involvement, while connecting the buyers and sellers directly. The platform is underpinned by a smart contract-based Escrow
system to foster trusted transactions.
Realize the power of P2P trading
Tap into the rapidly growing peer-to-peer trading network with our mission-driven approach to develop P2P exchange software.
Our strongly cohesive teams align strategic processes with your goals to deliver an ecosystem of trust. A coherent roadmap combined with our domain expertise and technology-agnostic process navigates the development process and accelerates time-to-market.
P2P Cryptocurrency Exchange Features
Powerful Matching Engine
The exchange is reinforced with a high-speed engine capable of matching buyers and sellers with minimum latency. It has built-in order types for buy order and sell order, which serve as one of the cornerstones of a trading system.
State-of-the-art security features like SSL implementation and two-factor authentication, such as e-mail authentication and Google authentication add an essential layer of security to our P2P exchange platform.
Instant KYC and AML Verification
Intuitive identity verification system expedites KYC process, while following the right protocol. This builds a base of legitimate and authenticated users (Buyers and Sellers).
A secure and trusted smart contract-based escrow system fuels trading between the platform’s users.
A peer-to-peer swap drives trusted users’ transactions, eliminating the need of a middleman. Atomic swaps pivot around the fact that the transactions either execute completely or terminate, reducing the likelihood of disputes in a scenario of breach of agreement.
A robust dispute management system empowers the admin with seamless dispute redressal. Complete insights into users’ transaction history and bank statements help Admin acumen in dispute management and solidify their decisions.
Preferred trader selection
Buyers have the flexibility to choose their preferred sellers, and vice versa, for a more confident and trusted trading experience.
A secure admin panel is underpinned by smooth controls for efficient management of critical elements like Escrow system and dispute management.
Multi-language support provides global exposure to your P2P exchange. The platform’s UI provides the best user experience for left to right and right to left languages.
How P2P Cryptocurrency Exchange works
- Users (Buyers and Sellers) register on a P2P exchange platform
- Users undergo KYC verification process
- Buyer places a buy order
- A wallet address is created for the Buyer
- The matching engine matches the Buyer with the right Seller
- The buyer and seller confirm and agree on the terms of the trade
- Smart contract-based Escrow holds Seller’s crypto assets to be sold
- Buyer makes the payment for crypto assets to be purchased
- The seller confirms the payment
- Escrow releases crypto assets, transferring the same to Buyer’s wallet address
- Buyer can transfer the assets to cold wallet
Our P2P Exchange Development Process
Requirement Gathering and Planning
Acquire in-depth understanding of your business goals and devise a strategic plan for peer to peer exchange development to incubate an application that aligns with your objectives.
Build the Solution
Design and architect P2P solution with technology and process considerations on the chosen platform, while addressing crucial aspects like UI/UX security, smart contract and legal policies.
List required coins or tokens on to the exchange.
Test and improve
Test the exchange for necessary performance and usability and make required improvements accordingly.
Implement P2P solution into your IT environment with the help of our dedicated blockchain team. Enable changes and updates.