Jump to content

How does a P2P Cryptocurrency Exchange Works?

Recommended Posts

Here is the workflow of p2p crypto exchange 

Step 1: Traders will register on p2p exchange and undergoes KYC verification process.
Step 2: A buyer places a buy order ( Some p2p exchanges works by placing advertisements )
Step 3: The matching engine works and matches the buyer with the right seller.
Step 4: If the buyer and seller agree and confirm to the terms of trade, then smart-contract holds crypto assets of sellers to be sold.
Step 5: Buyer makes the payment for his/her purchase of crypto assets to the seller.
Step 6: After the payment confirmation by the seller, smart contract releases crypto assets to the buyer's wallet address.

This is the overall workflow inside the p2p crypto exchange which performs trading with the elimination of middle man.

Launch your own peer to peer cryptocurrency exchange with cryptocurrency exchange script now !!

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...