How does Peer to Peer Exchange Platform Work?


I hope you know that Peer to Peer trading is the end to end trading process that eliminates the involvement of the third party.


Many Cryptocurrency Exchanges offer smart contract powered Escrow Services.
Here, smart contracts eliminate the need for the Admin.
The Escrow Wallet is integrated with Smart Contract and all the activities of escrow wallets are automatically encrypted in a smart contract.
How it Works
  1. Buyer and Seller sign an agreement via a smart contract regarding trading details
  2. The Seller sends virtual currencies to the escrow wallet.
  3. Smart Contract automatically sends a notification to the buyer to make payment.
  4. Once the payment received, the seller sends a notification to release the crypto from the wallet.
  5. Then the bitcoin is released from the Escrow wallet to the buyer and then the contract closes.
Bitdeal, which is the leadingP2P Cryptocurrency Exchange Development Company Provides Bug-free Cryptocurrency Exchange Script with Escrow feature and lets you start a P2P Crypto Exchange Platform like localbitcoins, Paxful, Remitano, WazirX, etc by providing Localbitcoins Clone Script, Paxful Clone Script, Remitano Clone Script, WazirX Clone Script, etc.


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