P2P Crypto Exchange Script — An Ultimate Guide for Startups & Entrepreneurs

p2p crypto exchange script

Digital innovations in the present world are revolutionizing the lifestyle of people in every way they could. Cryptocurrency is one among them founded to replace the traditional form of money.

Since Crypto is introduced as a replacement for a fiat currency, it faced many rejections and struggles to get accepted by every common people. Today, crypto has become a most profitable trading platform with an increased user base and revenue. This increased attention has eventually led to the demand for cryptocurrency exchanges especially the Peer to peer crypto exchange for its supremacy over the other types.

Peer to Peer cryptocurrency exchange is one of the important types of Cryptocurrency exchange that enables peer-to-peer transactions without intermediaries in the smart contract-powered Blockchain network. It works using the advantages of both centralized and decentralized exchanges which is why most of the users are preferring the P2P platform. It gives private and secured transactions like decentralized exchanges and also trading options with fiat like Centralized exchanges. Through this combined working, P2P paves the way for both freshers and experienced traders.

Also when compared to CEX, P2P enables lesser transaction time and replica the blockchain abilities like immutability, transparency, and security. As a result, popular P2P exchanges are flooding with users and generating revenue with high market capitalization. These facts give the reason for startups and aspirers to start their p2p exchange business.

So what’s next, to start one’s own P2P exchange business, a reliable online website is essential. Even though there are many development approaches, the P2P crypto exchange script is mostly favored by entrepreneurs due to its advantages in creating and the benefits received after implementation. So, let us see about the P2P crypto exchange script in detail now

What is P2P Crypto Exchange Script?

P2P crypto exchange script is a ready-made software enabled with customization from the user interface to core functionalities as per the business needs. Simple right, it is readily available and advantageous to other development methods. You do not need to wait for months to develop your website by investing a fortune when script saves a lot of your time and money.

But what about the uniqueness of the script, this is where customization plays the role. Website themes, logo, colors, trading functionalities, and security features are all can be altered according to the requirements of your dream business. Timely updations are also available to cope with technological advancement.

Now you may ask, if it is readily available, what about its quality?. The script will also be multi-tested before deployment and is compatible with all platforms and supports all crypto assets.

Working process of P2P crypto exchange script

The trading process in the P2P exchange script works by matching verified buyers and sellers after the requirements on both sides are matched. Matching Engine is utilized to match the buyer and seller. After matching, buyer and seller can directly connect without any third party and complete the trade.

Until a buyer agrees with the trade and completes the transaction, the crypto asset will be stored in the escrow system. After the payment is verified, the escrow account will transfer it to the buyer’s account after intimating the seller. This escrow system is introduced to make secure payments to avoid hacks and thefts, which is also a special feature of the P2P crypto exchange script. If the buyer failed to pay within the time limit, then assets will be sent back to the seller’s account.

Even though P2P works without an intermediary, admin involvement is included in case of any disputes and disagreements arise between the buyer and seller. Added to all this, the benefit of this P2P crypto exchange script to the business is enormous and there are some notable reasons why startups should go for it. Let us see that

Why a Cryptopreneur should prefer a P2P crypto exchange script?

The reasons and benefits of choosing P2P scripts for the business are listed. They are

1. Saves time and money: The money spent on scripts is very lesser than the other development methods. You save a lot of money and time that can be spent on other phases of business

2. Effortless: Since the script is a readymade one, It can be bought effortlessly rather than employing a whole development team and guiding them for months to develop efficient software.

3. Security: Scripts are highly secured than software developed from the open-source. Because Open source software is available to all, it is highly sensitive to hacking, thefts and security are always at stake.

4. Uniqueness: Even though scripts are look-alikes, unique scripts can be designed with the customization attribute concerning the business essentials.

5. Reliable and scalable: Scripts are multi-tested before deployment to check the reliability of the software. It can also be scripted according to the size of the business.

6. Script won’t go obsolete: Timely software updation is available with new add-ons or plug-ins to prevent it from going obsolete. Use cases like revenue streams can also be added to keep the exchange buzzing with the users.

7. Keeps you ahead: Most importantly, the script keeps you ahead in time than your competitors. It also gives immediate reach with the look of existing popular exchanges

These huge benefits of the script are all outcomes of the efficient functioning of features. Trading in P2P can be processed smoothly from start to end only with the help of features of the script which is explained in the next section.

Exceptional Features of P2P Crypto Exchange Script

The important aspect that makes your exchange appealing to the user is called a feature. Only a feature-filled script can give a smooth and secured trading experience for users. The main features of the P2P crypto exchange script are,

  1. Escrow System
  2. Optimized matching engine
  3. Multiple wallet integration
  4. Multilingual Support
  5. Interpretable Trading UI
  6. Social connection
  7. KYC
  8. Dispute management system
  9. Customer support and more

Like the trading features, security features are essential to make trade, transactions, and storage safe & secure. The some of important security features are

  1. SSL protection
  2. Multilayered authentication
  3. Secure API connections
  4. Device-Enabled Security
  5. Indisputable tokens
  6. Ethereum based smart contracts
  7. Anti-Money laundering

These features make the website highly scalable to handle heavy traffic and give a hassle-free trading experience for the user.

But how your business is going to persuade users to come to you. when your fellow counterparts are already providing the same P2P services. It completely depends on how your Business plan differs from the other and how you are going to customize your script accordingly. To do this, you have to have strong support from your P2P crypto exchange script service provider. For that, you need to be cautious in choosing them. So, let us see certain factors to choose an apt service provider

How to choose a service provider

The checklist to pick a suitable service provider is given here.

  1. Research popular script providers in the market.
  2. Check whether they provide the best script of your choice with attributes like escrow services, ad-postings, additional fiat payment options, a highly secured platform with interpretable UI/UX design, etc.
  3. Check the cost of the P2P crypto exchange script they offer. It has to be reasonable for the product to be effective.
  4. They have to provide scripts with needed customization, add-ons, and use-cases.
  5. Strong technical assistance. The provider has to understand your business structure to make it happen. They have to give strong technical support to point out flaws and suggestions to make an effective product.
  6. Their history of working in diverse crypto products
  7. And lastly their fame on their client-side

Mostly this checklist-based search will drive you to a service provider who fits with your business plan.

How much does it cost to develop a P2P Crypto Exchange script?

The developing cost of the P2P crypto exchange script varies from 8k to 12k$. The variation in cost is due to a factor called features. You may not need all of the features offered with the script and may want to add unique features designed for your business. So the customization degree concerning the Business structure decides the exact cost of the P2P exchange script.

Conclusion

Considering the outstanding features and business benefits of the P2P crypto exchange script, Entrepreneurs always prefer it over other development methods. Those benefits can be reaped fully only when we get them from a trustable p2p Cryptocurrency exchange script provider in the market. Hence, you need to be careful in picking one who can help you with creating efficient P2P crypto exchange software with elegant design and extraordinary features.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store