P2P Cryptocurrency Exchange Software development in Australia

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P2P Crypto Exchange Development

We provide full-scope project incubation, marketing, blockchain app design and development. The term Peer-to-peer (often P2P), It is an exchange of assets at a crypto marketplace between participants with no central body involvement.

OGSS Technologies Pty Ltd is P2P Cryptocurrency Exchange Development Company in Australia.

Buying and selling crypto on a P2P marketplace does not feature charts or market indications, unlike traditional exchanges.

A peer-to-peer approach to trading

Utilizing the fundamental concept of blockchain technology, which is decentralization, a P2P (peer-to-peer) exchange executes transactions without any involvement of a central authority while connecting the buyers and sellers directly. The platform is powered by a smart contract-based Escrow system to foster reliable transactions.

Peer-to-peer (P2P) trading is a type of cryptocurrency exchange method that allows traders to trade directly with one another without the need for a centralized third party to facilitate the transactions.

Unlike traditional Bitcoin (BTC) exchanges, which typically have strict regulations and require users to go through a verification process before they can access and use the platform, P2P trading platforms tend to be much more relaxed in terms of their requirements.

In P2P trading, you can select your preferred offer and trade directly with a counterparty rather than using an automated engine to execute your transactions. This means you have more freedom to pick the best rate and payment method for your needs—and with lower costs. You can also better safeguard your privacy because you’re dealing directly with a counterparty.

P2P trading platforms work by matching buyers and sellers together to facilitate a trade. The platform will typically take a small fee for each trade conducted, and also require users to store their funds in a separate digital wallet controlled by the platform.

Because P2P exchanges link crypto purchasers and sellers, they’re sometimes compared to marketplaces like Craigslist or Facebook Marketplace. Typically, buyers and sellers can also browse crypto advertisements or create their own.

Because P2P exchanges link crypto purchasers and sellers, they’re sometimes compared to marketplaces like Craigslist or Facebook Marketplace. Typically, buyers and sellers can also browse crypto advertisements or create their own.

Most P2P exchanges use a feedback or rating system to protect all participants in the transaction, providing a layer of protection for everyone involved. For example, if you meet someone on social media interested in buying Bitcoin and you’d like to sell, you can’t do so on social media as it wouldn’t be secure.

It’s difficult to establish trust on platforms such as Facebook Marketplace or Twitter, for example, because they are not P2P platforms. You can’t be certain that the buyer will follow through with the payment for the Bitcoin after receiving it.

On a P2P platform, however, you’ll have the advantage of being able to check their reputation and ratings before engaging in any transactions.

P2P Cryptocurrency Exchange Features

Powerful Matching Engine

The crypto exchange is fortified with a high-speed engine that efficiently matches buyers’ and sellers’ orders with minimum latency. It has built-in order types for buy order and sell orders, which serve as one of the cornerstones of a trading system.

Multi-layer Security

Our P2P exchange is integrated with top-notch security features like SSL implementation and two-factor authentication, such as e-mail authentication and Google authentication, which add an extra layer of security to the platform.

Instant KYC and AML Verification

An intuitive identity verification system accelerates the KYC process while following the right protocol. This builds a base of lawful and authenticated users (Buyers and Sellers).

Admin Panel

A secure admin panel is underpinned by smooth controls for efficient management of critical elements like Escrow system and dispute management.

Atomic Swap

A peer-to-peer swap indicates trusted users transactions, eliminating the need for a central authority. Atomic swaps revolve around the fact that the transactions either execute completely or terminate, reducing the likelihood of disputes in a scenario of breach of an agreement.

Dispute Management

A robust dispute management system enables seamless dispute redressal. Complete details about the users’ transaction history and bank statements help the Admin acumen in dispute management and solidify their decisions.

Preferred trader selection

Buyers have the flexibility to choose their preferred sellers, and vice versa, for a more confident and trusted trading experience.

Escrow System

A secure and reliable smart contract-based escrow system fuels trading between the platform users.

Multi-language Support

Multi-language support provides global exposure to your P2P exchange. The platform’s UI provides the best user experience for left to right and right to left languages.