P2P Cryptocurrency Exchange Development Cost & Key Features

Bitcoin rose 5.1% to $37,360.63, adding $1,817.87 to its previous close, after Musk’s tweet.

And with another tweet, the value of bitcoin crashed. A lot of investors ever since the event is looking forward to earning better solutions that would make it easier for them to understand and invest in the crypto market. Crypto has been in the market for a long, Elon Musk bringing Dogecoin, Litecoin, and Bitcoin in his tweets has stirred the way the world looks at digital currency.

Our p2p exchange development company has helped its clients in the past with solutions that would make it easier for the investors than to utilize and explore the opportunities the solution has to offer.

Although not many know about its functioning and working, they would love to invest in the technology for the future it has to offer.

Since every sort of cryptocurrency exchange app like Binance has a different requirement and service, we have basically six kinds of trades available in the cryptographic money trade market. They are

• Half and half crypto trade
• Advertisements based crypto trade
• Centralized crypto trade
• Orders book crypto trade
• P2P crypto trade
• Decentralized crypto trade

The request book is the once-over of all open requests that are by and by led exchange for a specific trading pair. An open request is essentially another crypto interaction in which the digital forms of money are bought or auctions off an asset at a specific expense. Shared digital currency trade offers an unknown method to purchase and sell cryptographic forms of money with a major scope of installment techniques.

Out of these, you can enter the market with a solution that talks about all of it at a whole unit or you can simply choose the one trading type that you may want to offer. Our experts have been working on these solutions for years and can help you enter the market with solutions that are technologically far ahead.

Therefore, know the usefulness behind these trades absolutely and pick the best kind of trade that suits your business interest. Additionally, beginning a cryptocurrency exchange platform on a brought together or a decentralized stage will be the most ideal decision. In that sense, there are two choices:

• White Label Crypto Exchange or Ready-made Crypto trade stage: Solution to be offered under your brand name. We would develop a platform for the exchange and you take it to the market as yours.
• Cryptol currency Exchange Development from the basic: You let us know your requirements and we would develop an application that is customized and designed to suit your needs

Our experts can help you with the best p2p cryptocurrency exchange development at a reasonable cost and with detailed interaction. We understand how important it is for you to be a part of the development process, especially when the market you are aiming is extremely competitive and strong.

What Is Crypto Currency?

Cryptocurrency is a kind of digital money that can simply be used for any kind of labor and product. Various organizations around the world have shown their trust in this technology have entered the market with their own standards or tokens that can easily be used explicitly for the products and the services that the organization brings to the market. Consider them you would arcade tokens or club chips. You’ll have to trade real money for digital currency to avail what you want.

Read Also: How Much Does It Cost to Develop a Bitcoin Mobile App

Digital currencies are implemented using complex blockchain technology. Blockchain is basically a decentralized technology that spreads across numerous PCs that oversee and record exchanges. Part of the allure of this innovation is its security.

How Does P2P Crypto Exchange Platform Work?

Well understanding the functioning of the P2P crypto exchange platform you would need to have a basic knowledge of what is cryptocurrency and how it is managed.

The cryptocurrency exchange development services team share here the basics of working on the platform and how they make it a point that the solution offered is reliable, safe, and secure.

Well, the digital money market is a decentralized concept where the money is not given or offered to anyone in particular like other currencies. All things being equal, they stumble into an organization of computer systems. Be that as it may, cryptographic forms of money can be purchased and sold by means of trades and put away in ‘wallets’.

In contrast to customary monetary standards, cryptographic forms of money exist just as a common advanced record of proprietorship, put away on a blockchain. At the point when a client needs to send cryptographic money units to another client, they send it to that client’s computerized wallet. The exchange isn’t viewed as last until it has been checked and added to the blockchain through an interaction called mining. This is additionally how new cryptographic money tokens are normally made.

Once you have installed the application the investment process would start. It seems a little complex, but our experts make sure that you do not face any issues when understanding the concept.

1. User Registration: After you have installed the product, you need to register yourself with the application. Create an account with the details that are asked to verify you are an authentic user.
2. KYC/AML Verification: We make it a point that user authentication is done in multiple steps to make sure there is no loophole and not the slightest chance of an intruder being a part of the process.
3. Place Your Order: Once the user is verified, they can choose from the token list the cryptocurrency they would like to invest in and choose the value that is to be invested with the application.
4. Create a Wallet Address: Once you have selected the order that you want to place, we would further take it to create a wallet address that would be similar to any UPI id that you use for online transactions.
5. Order Verification: Here the order is matched between the seller and the buyer. When the seller and the buyers confirm the transaction amount and its working, it is then that they move forward.
6. Confirm Order: Once the seller and the buyer confirm the order, the order is placed. It is important that both the parties confirm the order then only any transaction would be made.  In case any of the parties decline the order would not be placed.
7. Assets Sold: The smart contact-based escrows hold the assets that are to be sold. Thus, evaluating its value and putting it in the market and other details all are cross-checked and verified for the best results.
8. Make Purchase: The buyer next pays for the purchase that is made. It could either be deducted from the account linked or the credit card.
9. Confirmation: The seller confirms the purchase and thus the tokens are credited to the buyers’ account.

When you reach our p2p crypto exchange development company we make it a point that the solutions that are delivered to you are user-friendly and do not need many of the complications to be resolved for the right set of information and the process to be accomplished.

The solutions that are delivered to you are well structured and ladened with features that would make it easier for you to work with the platform.

P2P Cryptocurrency Exchange Software Features in Your Solutions

When you reach our cryptocurrency exchange development services, our experts strive to deliver solutions that are interesting, safe, and secure. Over the years, we have been working on blockchain technology and understand the complexities involved with the solutions. To make sure that your P2P Cryptocurrency Exchange solution stands ahead of the competition, we go the extra mile and deliver unique and advanced solutions.

Multiple Cryptocurrency

There are over 10,000 types of cryptocurrencies that are traded globally. Some of the most popular being Bitcoin, Ethereum, Dogecoin, etc. With our cryptocurrency exchange solutions, you can make transactions in any of these. We make sure that you do not have to shuttle between applications for various cryptocurrencies.

Read Also: How Much Does it Cost to Develop Payment Switch Application?

Multi-lingual Support

Connect with the application and choose your native language to engage. Read terms and conditions in the local language for better understanding. As cryptocurrency has gained popularity over the years, we have made it a point to integrate local languages for a better understanding of the end-users.

Dominant Trading Exchange

Highly secure trading platform that helps your make safe transactions. Our experts use advanced technology for the solutions. The crypto wallet development team at Octal IT Solution makes it a point to bring on the screen solutions that are not just interesting but engaging also.

Automated ID Verification

Automated KYC/AML verification lets the admin find the right users quickly and efficiently for better solutions. We need to understand that these solutions are quite complex and cannot be accessed without verification.

Crypto Swaps

Our solution offers a reliable trading process that would eliminate the interruption of any third party in the buying process. We make it a point that when you reach to us for crypto solutions, you get a product that does not involve third-party intervention as it could be a threat to the security and safety of end-users investments.

Payment Gateway Integration

As over the years we have built some world-class ewallet solutions we understand how important it is to integrate a reliable and credible payment gateway with your solutions. With our solutions, end-users can easily send and receive currencies via safe and secure medium through the platform.

Multi-Factor Authentication

Another step to maintaining the security of the application. We make it a point that you are always notified of any development via email or Google 2FA. These services are available for users and admin.

Multi-Currency Wallet

Store various currencies in the same wallet. Our safe and secure solutions make it easier for you to explore the right aspects. We understand that multiple investments would reflect in multiple returns and make sure that you can invest on various channels when making investments.

Preferred Trading

End users can always select their preferred sellers to make it easier for them to earn the highest profits in a limited time to ensure smooth trading results. You need not bother about the authentication and credibility, we bring solutions that are well tested and worked on before they are delivered to you.

These are a few software features that our p2p exchange crypto experts integrate with your product. The development process of crypto solutions is quite complicated and takes a little longer than other ewallet app development processes. Our experts make it a point to deliver solutions in the minimum time to make sure your time to market is less.

The Crypto Solution Development Process

When we talk about p2p crypto exchange software, it is ladened with features and functions that one cannot think of. Working on the product needs quite a lot of energy and involvement with the work and our experts make it a point to deliver solutions that are interesting and noteworthy. If you are looking for solutions that can make things easier for you then you are at the right place. Here’s how our experts explain the development process.

Step 1: Ideation 
Our experts research, analyze the market, gather the required details, verifications, and exchange the readied documents with you. They make it a point to prepare a document that not only dives into your solutions but also reflects how the product is in line with your business model and what technology would we recommend to use in your solutions.

Step 2: Design
A prototype is prepared to make sure that you understand how things would work. Here all the elements would be put on screen together for a better understanding of the application. Not just this, the UI/UX experts finalize the product idea with your constant inputs so that the solution looks exactly the way you wish it could be.

Step 3. Development 
Once everything is finalized from your end the next step is to bring on the stage solution that is easy to understand and reflect on the screen a solution that earns you the best results. Trading engine installation and other integrations would take place at this step.

Read Also: Peer to Peer Loan Lending App Development: Cost & Features

Step 4. Integration 
Integrate various blockchain solutions with the product. Our expert blockchain solution providers make it a point that the solutions we are working on are tried tested and technically advanced to compete in the future market.

Step 5. Listing Tokens 
When you reach to us for p2p cryptocurrency exchange solutions we make it a point that the tokens that are to be included are listed in the right manner. We understand that your end-users would invest in various currencies and thus, the token list needs to be updated as and when required.

Step 6. Deliver the Solution
Once we are done with the exchange program we make it a point to deliver solutions that are interesting and engaging. With all the features and functions being tested for perfect execution, we make it a point that you get a solution that is flawless and well developed.

P2P Crypto Exchange Development is quite a complicated process and our experts make it a point that the development is transparent to make sure that you can be a part of the process too. With their expertise, they deliver solutions that are highly rewarding and can help you have a strong presence in the crypto market.

Cryptocurrency exchange development cost

When talking about the solutions that are based on cryptocurrency, it is important to understand that the development cost is a little higher than the normal on-demand applications as it involves mining and other processes.

The cryptocurrency exchange development cost is majorly defined by

• Location of Outsource Firm
• Features Integrated
• Security and Safety Factors Added
• No. of Developers Employed

In general, the cost of development of such solutions may range from 70kUSD to 150k USD that would help you earn the best results in a limited time. If you are looking forward to earning great profits and enter the market with a platform that would help you stay in the market in the long run then you are at the right place.

Wrapping It All Here!

We offer a p2p cryptocurrency exchange platform over the years. We have been in the market for around a decade and understand how the market has grown to be a huge hub of tech geeks. With the technology being evolving every moment, our experts make it a point to deliver solutions that ate not just interesting but also engaging to keep you connected. Our flexible and future-ready solutions have been offered by the experts for the best results.