Ways To Develop P2P Crypto Exchange Software like Paxful

Cryptocurrency trading has taken most of the investment and trading section in the global financial market. Therefore, increasing the demand for cryptocurrency exchanges in the market. Though centralized cryptocurrency exchanges laid the foundation of crypto trading, the customer wanted more. At this moment, giving the P2P crypto exchange like Paxful a chance to provide users full ownership of the crypto trading and benefit from it. But what exactly is P2P exchange, and how can you develop the same if you are considering entering the emerging business? 

What is a P2P Crypto Trading Platform? 

A P2P crypto exchange platform like Paxful is an online cryptocurrency exchange platform where users can buy, sell or trade multiple currencies for investment or any other purpose. The best thing that made a P2P platform admired by users is that it doesn’t hold any heckle from an outside party or centralized authority who would keep an eye on every trade of yours. Instead, you get a platform where everything will be between two people making the trade. 

Paxful is a leading crypto exchange trading platform that deals in ETH, BTC, and USDT trading and has been in the market for 5+ years. They have more than – a million users and counting with strong liquidity, and can host 10000+ trades in a second. 

Having a P2P trading platform like Paxful is what companies want to enter into the business of cryptocurrency exchange and take their business to a new height. 

 How To Build A P2P Crypto Trading Platform like Paxful? 

Paxful is a well-known crypto trading platform that is a decentralized exchange that allows trading between end-user-to-user without the presence of a third party using the Escrow concept. In this exchange, users can show information like the number of bitcoins, date of selling, and mode of payment- the basic information to sell a cryptocurrency online. 

If you want a crypto trading platform that encompasses the features and power of a Paxful trading exchange, it is now possible to get one. Not one, but there are multiple ways to develop a Paxful look-alike platform for your business. 

Here is how you can do it: 

1. Developing a Paxful Look-Alike App From Scratch 

Developing a crypto trading platform from scratch, or the ground level is a compelling task but will give you the same results as a Paxful. You can control the development process and get the full flagship of adding the features you want. This kind of thing will not happen if you use a paxful-cline script. 

2. By using a Paxful-Clone Script 

The easiest way to get a crypto trading platform like Paxful is to use the Paxful clone script. A Paxful clone script is a pre-existing code that businesses can use to develop a crypto trading platform which will include features and designs of the Paxful platform. 

With features like full customization, businesses can add or eliminate features frm the platform as per their choice. So, it can be said that it is a time-saving and cost-effective way to build a trading platform like Paxful. 

Features of Paxful Crypto Exchange To Add To Your Trading Platform 

Whether you are building a Paxful-look alike platform from scratch or a clone script, both give you the authority to add features per your choice or design the entire platform as your business’s requirements. Here we suggest some features of Paxful software that you must add to your platform: 

• Multiple currency wallets 
• User-friendly interface
• Easy registration process
• Autonomous trading engine 
• The advanced verification process for security 
• Review and Reputation Rating Feature 
• Ads-bases business model 
• Optimum security management like 2FA and Protection against SS, SQL, and CRFX. 
• In-Built Bitcoin Wallet

All three features that are present in the Paxful Crypto Exchange make it the best in terms of functionality and power. 

Monetization Option for Business Owners by Developing a P2P Crypto Exchange 

By Developing cryptocurrency exchange software for your business, you can maintain great liquidity flow by charging various fees from the user. Here are some options to choose from for the same: 

1. Trading Fees 

To make a trade on the platform, the user must give a certain percentage of the entire transaction amount to the platform’s owner. It is important to keep that fee minimal to maintain the engagement flow. 

2. Advertisement fees 

Using the ad-posting feature on your platform, you can charge traders to show their ads for buying and selling the crypto online. 

3. Commission 

The bitcoin wallet in your platform charges 1$ after 5 monthly transactions for every user. And it also charges a small commission per payment method for every external payment wallet transaction. 

Take Away From The Blog 

As cryptocurrency trading is expanding like a virus worldwide, the need for a well-functioning crypto trading platform will always be in line. And you can grab this opportunity to help your business grow and increase market awareness.

With Appinop Technologies, you can get the best Paxful clone script solutions to build a smooth and robust crypto trading platform online. With a team of the industry’s best developers and designers, they design every plan using the latest market trends and technologies.