• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Cryptocurrency

Learn All About P2p Crypto Exchanges- A Fitting Business Opportunity For 2020!

Contributor by Contributor
May 5, 2020
in Cryptocurrency
Share on FacebookShare on Twitter

Cryptocurrencies have evolved exceedingly over the past few years and have become the most vital form of transactions in the business sphere. With the rapidly increasing technological advancements in the current generation, cryptocurrencies have also emerged into new forms, with new expansions in their use cases. 

Crypto exchanges are making headway towards becoming a promising venture for businesses, and many newcomers are aspiring to enter the cryptosphere with their own exchanges. Crypto exchanges are also making huge progress with new innovations, new types of exchanges that attract potential customers all around the globe. In this article, we are going to cover all about one of the most trending, p2p exchanges, and how to develop a peer-to-peer bitcoin exchange. For starters, let’s see what p2p exchanges are. 

What is meant by a p2p exchange? 

P2p exchanges are platforms that are completely decentralized and are maintained by software. They allow traders from all around the globe to exchange directly, peer-to-peer between themselves without involving any intermediaries. A p2p exchange conducts transactions in an integrated manner and yet provides anonymity to its users, which helps them trade securely and seamlessly. 

As mentioned earlier, as the number of crypto traders grows, the advancements in crypto exchanges are also widening to bring in more lucrative opportunities and benefits for the traders. P2P is one such innovation that highly benefits the traders to conduct efficient global transactions. Some of the key benefits are mentioned below. 

Benefits of a P2P exchange

  • Elimination of third parties
  • Quick transactions
  • User Anonymity
  • Reduced transaction costs
  • Increased User Privacy
  • Prevention of fraudulent 
  • Enhanced security 

How does a P2P exchange platform work?

  • The first step is registration. The user has to create their own account on the platform and complete the registration process. 
  • Once registered, the platform will verify the authentication of the user with KYC/AML verification. And the exchange creates a wallet address for the user.
  • After verification, the user must place the order with the required order type and details.
  • The exchanges then match the order with a suitable buyer/seller. 
  • The buyer and seller have to verify and confirm the order. 
  • Once confirmed, smart contracts hold the assets until the payment process is done. 
  • Then, the buyer makes the payment, and the seller has to confirm receiving the payment. 
  • After payment, the smart contracts escrow system releases the assets, and it is stored by the buyer in the cold wallet. 

This is how a successful transaction takes place in a p2p exchange platform. To conduct such transactions in a seamless manner, you need to know the essential features to build a robust exchange for your business. Let’s take a look at the significant features. 

Key features for a P2P exchange

  • Multiple cryptocurrencies support
  • Multiple languages support
  • Automated KYC/AML verification
  • Dominant trade matching engine
  • Crypto swapping option
  • Multi-currency wallet
  • Admin panel
  • Payment gateway integration
  • Multi-factor Authentication
  • Enhanced security 

With the wide prevalence of p2p exchanges, there is a large group of companies offering p2p exchange softwares to launch your business. If you want to achieve a profitable business, conduct ample research and choose the right platform consisting of a team of experts in cryptocurrency and blockchain development services, and they will offer a white labelled p2p crypto exchange software that is robust and feature-rich. The software should be highly-scalable and customizable according to user preferences. Also, the right platform will fetch you cost-effective solutions. So, choose your company today and become viral among potential global investors. 

Related Posts:

  • Binance Now Allows Naira Deposits And Withdrawals Irrespective Of The crypto Ban
    Binance Now Allows Naira Deposits And Withdrawals…
  • Screenshot_2024-12-05-16-34-34-42_c0d35d5c8ea536686f7fb1c9f2f8f274
    Bitcoin (BTC) Rallies to Hit An All Time High of $100,000
  • A7395210-6296-4EBC-ACF5-2AF1E208CAAA
    How Easy Is Crypto Sports Betting?
  • 107167409-1671184641667-gettyimages-1234311542-sindeyev-notitle210729_npFdq
    Here Are Some Predictions For Cryptocurrencies In 2023
  • Why The CBN May Need To Review The Ban On Crypto To…
  • cefi and defi
    Market Making In Decentralized Exchanges (DEXs)
  • Coinbase ipo
    Coinbase Partners with Onboard Global for Nigerian…
  • web-image
    How Some Startups Survived Cryptocurrency Ban in Nigeria

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: cryptocryptocurrencyp2p exchangepeer-to-peer bitcoin exchange
Contributor

Contributor

Posts by contributors. You can send in a post to be reviewed and published to info@techbooky.com

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Affiniti Raises $17M for AI-Powered Small Business Finance May 22, 2025
    • Absolute Zero’ AI Achieves Top-Level Reasoning Without Human Data May 22, 2025
    • Penfold, a Digital Pension Fintech Company Raises £3.9m May 22, 2025
    • Lagos Introduces Drone Monitoring To Increase Security May 22, 2025
    • Samsung Wallet Adds Tap-to-Transfer for P2P Payments May 22, 2025
    • MTN Launches MoMo Pay for Informal Payments Market May 22, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    Recent News

    Affiniti Raises $17M for AI-Powered Small Business Finance

    Affiniti Raises $17M for AI-Powered Small Business Finance

    May 22, 2025
    Absolute Zero’ AI Achieves Top-Level Reasoning Without Human Data

    Absolute Zero’ AI Achieves Top-Level Reasoning Without Human Data

    May 22, 2025
    Penfold, a Digital Pension Fintech Company Raises £3.9m

    Penfold, a Digital Pension Fintech Company Raises £3.9m

    May 22, 2025
    Lagos Introduces Drone Monitoring To Increase Security

    Lagos Introduces Drone Monitoring To Increase Security

    May 22, 2025
    Google Adds Anti-Theft Protection to Android Phones

    Samsung Wallet Adds Tap-to-Transfer for P2P Payments

    May 22, 2025
    MTN Launches MoMo Pay for Informal Payments Market

    MTN Launches MoMo Pay for Informal Payments Market

    May 22, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok