The term peer-to-peer is an exchange asset at a crypto marketplace between participants with no central body involvement. By nature, P2P takes a decentralized approach which supports a direct interaction between individuals and groups. This approach simply describes computer networking architecture where each and every peer can act as a server for others as well as with digital currency trading.
How P2P Exchange Works?
Buyers and Sellers register on a P2P exchange platform.
A proper KYC verification will be done.
Buyers then have to place a buy order.
A wallet address will be created for the buyer.
Then the matching engines will match the buyer with the right seller.
The buyer and seller then have to agree to the terms and conditions.
Smart contract-based escrow holds the seller’s crypto assets to be purchased.
Then the buyers make 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 the cold wallet.
Peer to Peer Exchange Development Features
Mobiloitte is offering an all-in-one hybrid system for all advanced traders that will let them trade cryptocurrencies without worrying about the security of funds and information.
Powerful Matching Engine The exchange is reinforced with a high-speed engine capable of matching buyers and sellers with minimum latency.
Instant KYC and AML Verification Intuitive identity verification system expedites the KYC process while following the right protocol.
Multi-Layer Security 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.
Escrow System A secure and trusted smart contract-based escrow system fuels trading between the platform’s users.
Dispute Management A robust dispute management system empowers the admin with seamless dispute redressal.
Automatic Swap A peer-to-peer swap drives trusted users’ transactions, eliminating the need for a middleman.
Multi-Language Support Multi-language support provides global exposure to your P2P exchange.
Why Mobiloitte P2P Exchange Model?
Peer-to-peer currency exchange supports quick transfer and offers considerable savings over banks. P2P exchange development is on the rise at a fast pace by delivering a lower-cost alternative to individuals as well as to small business.