Analyzing thegrowing

relevance ofP2P ExchangeDevelopment

Everything toknow about P2P

The fast-growing Cryptocurrency industry has two

major players in Centralized platforms and Peer to

Peer exchanges. Centralized exchanges have more

trading volume and liquidity while Peer to peer

platforms give more priority to the security and

privacy of users.

Let us analyze more about this below

What is themeaning of P2P ExchangeSoftware?

Trading of digital assets can be done directly by the buyers and sellers without the

presence of any intermediaries in the platform.

Revenue can be made from trading fees, transaction charges, advertisement

expenses, and dark pool trading fees.

Users have ful l control over their funds without the inf luence of a central authority.

The buyer can opt for his preferred seller and vice -versa providing a lot of f lexibil i ty.

Paxful

easy to use interface, accepts multiple

payment methods, and cryptos can

be bought freely on the platform.

SOME POPULAR PEER TO PEEREXCHANGES AND THEIR SPECIALFEATURES

Binance P2P

has a wide selection of crypto assets

and trading pairs. Traders can get

access to the BNB utility token to get

discounts on their trading fees.

Localbitcoins

offers both buying and selling of

Bitcoin for free. Users can do trading

in futures contracts and through over

the counter facilities.

Remitano

has top-notch security measures,

charges fees both for the deposit and

withdrawal of cryptos by users,

contains a trading bot, and an inbuilt

bounty program.

A swift dispute resolution mechanism in case there is a breach of the agreement by theusers.

Atomic swapping where assets can be directly exchanged by the traders without theinvolvement of any middlemen.

An escrow system that acts as a safe custodian of the user's assets.

Cost-effective operations as pre-programmed software handle all the orders and tradingactivities. Human interventionon is the minimum in the platform.

What are thenoteworthycharacteristics ofa P2P Exchange?

The process to follow for usinga Peer to Peer Exchange

Users have to register themselves on

the trading platform.

The buyer places a buy order and

includes information about the pricing

and accepted payment methods.

The decentralized order book

automatically connects him with an

interested seller.

The buyer pays the seller. Once the

seller gets the funds, the escrow will

release the crypto assets to the

buyer’s wallet directly. The buyer can

transfer the assets to his cold wallet

for more safety.

Ind

ivid

ua

lity

an

d Y

ou

It lacks liquidity in contrast to

centralized platforms. Hence, it

may struggle to handle large

trading volumes when there is a

huge demand by investors.

Users can deliberately delay the

disbursal of payments and cheat

the other party leading to a bad

trading experience. If there is no

proper dispute redressal system,

then the traders may stop using

the exchange.

It offers only limited order types

and does not support margin

trading and stop-loss orders.

Hence, users will not be

encouraged to switch to peer to

peer trading platforms from

centralized exchanges.

Trading time can be long

sometimes as traders have to wait

patiently for the crypto and fiat

transactions to get executed

before finishing a trade.

SOME OF THELIMITATIONS OF A P2P EXCHANGESOFTWARE

Important benefitsoffered by a P2PExchange

There is no chance of a

single point of failure as

globally distributed

nodes are used for the

trading activities instead

of depending on a

centralized server.

KYC/AML regulations are not

compulsory for a Peer to

Peer exchange. This assures

a high level of privacy for

users as their personal

identity is not disclosed.

Top-notch security is

enabled as users need not

hand over their funds to any

third parties. This prevents

the possibility of hacking

and phishing attacks.

It is highly resistant to

transaction censorship by

authorities. This ensures that

users remain in full control of

their money always without

facing any restrictions.

Following the

regulations

issued by the

authorities.

Integrating the

blockchain

technology and

the smart

contract.

Launching the

exchange officially in

the market.

The development methodologybehind the creation of a Peer toPeer Exchange

Identifying the

business requirements

of the firm.

Provision of round the clock technical support in multiple languages.

Customized and user - fr iendly solutions rendered at affordable prices.

Use of cutting -edge blockchain technology by industry -agnostic experts.

Why choose the services of Infinite Block Tech ?

Military-grade security measures preventing any sort of vulnerabilities.

GE

T S

OC

IAL

WIT

H U

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