The research for the implementation of a P2P exchange platform development is conducted in accordance with the business model. The gathering of information and exchanging of ideas for the requirements have been completed. The required technological integration is carried out in accordance with the legal requirements of the geographical area. The installation of the trading engine with blockchain integration, the listing of coins, and the distribution of the exchange platform have been completed.
User registration, KYC/AML authentication, order placement, wallet formation, order matching, order confirmation, smart contract-based escrow keeps the asset to be sold, the buyer makes the payment, the seller confirms payment, escrow releases the asset, and the buyer stores the asset in the cold wallet are all steps in the P2P exchange platform operation.
A p2p exchange platform development is entirely decentralized. As a result, any third-party interference in fund transfers and buy/sell requests is eliminated. Instead, it enables its customers to trade directly with one another and manage their funds among themselves.
The advantages of developing a peer-to-peer (P2P) exchange platform
- Transactions that are both fast and risk-free
- Payments are secure, private, and clear.
- Trading costs can be found at a reasonable price.
- Customer service available 24/7
- Blockchain technology applications with the highest rankings
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