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How does a P2P Cryptocurrency Exchange Works?


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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 !!

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