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We know crypto exchanges are the one and only essential way to buy and sell bitcoins, so there will be a huge volume of traders acquisition on exchanges every day. This results in consumption of huge personal records and transactional details. So, Security and privacy will be in the first position to run a successful cryptocurrency exchange. By the way crypto exchanges should add P2P Trading and Escrow Trading.
Why P2P Trading ?
P2P Trading – Peer to Peer trading, which allows trader to trade bitcoin directly between buyer and seller. In most cases P2P trading can be defined as decentralized, so there will no admin to control the fund transactions. Some exchange may be centralized but with P2P trading, (i.e) there will be an admin who can mediate the fund transactions between traders. Since admin has control over transaction, there will a possibility of risk, so the bitcoin exchanges introduces an another security mechanism, know as escrow system
Why Escrow Trading ?
Escrow mediates the transaction, inside an p2p exchange site. Escrow doesn’t allow any third parties to manage funds. Instead it mediates as an admin to control the fund transactions. Integrating an escrow system can bring high end security.
By understanding the benefits of escrow we as a cryptocurrency exchange development company creates p2p exchange script with escrow features. If you are looking to create a cryptocurrency exchange get connect with us, with following details.
Mail : [email protected]
Phone : +919677555651