Tag: web development

How P2P exchange works?

P2P exchange work.jpg

In Tech news, P2P(Peer to Peer) is de-centralized process completely depends on the software. There is no third party to interact in trade. It is two-way communication between seller and buyer through trade chat option.

Now, you are thinking how do P2P exchanges work?

Let us know about it.

P2P exchange site through Ad.

The exchange sites act to connect the people and real-world economic system. When the seller think to sell the bitcoin in the exchange site.he/she having one or more than bitcoin they fixed the price and type of method like Paypal, credit, fiat currency etc. The seller posts the ad in the trade site. Later some time, buyer communicated the seller through seeing the ad in the site. In the trade site, there is chat option to confirm the bitcoin deal.

After reading the above line, If you also interest to sell your bitcoin in P2P exchange site like Localbitcoins, you can easily sign up.

Apart from that features, There are also new features are available in P2P Localbitcoin site.

  • The send and receive payment option are several.
  • The seller can create the ad
  • The ad charge 1% fees for each trade
  • The buyer and seller chat system
  • It is time-consuming
  • The seller and buyer can meet directly.
  • There is a free account set up for a new user

Sellbitbuy – Create your own Peer to Peer exchange trade site.

Sellbitbuy is the software company, especially for P2P local bitcoin clone script. They had a ready-made Localbitcoin script with support chat, white label solution, a digital wallet to save your own bitcoin. The sellbitbuy team upgrade day to day tech knowledge and implement in clone script and satisfied the customer need.

Don’t feel hesitate to contact us

 

 

 

 

 

Develop your bitcoin exchange through escrow module?

escrow module works

In Today’s emerging world, Bitcoin is a regular topic on all tech news. Bitcoin exchange is a digital marketplace where buyer and seller trade the bitcoin through fiat money. If you need Bitcoin? Then Bitcoin exchange trading site like Localbitcoins will help you to get the bitcoin. Buyer and Seller can communicate through Peer to Peer system. They can set the price and conclude as the trade deal. There is a wide range of payment to pay for each trade through western union, credit card, Paypal etc.

Just think the seller wants to sell the coin in exchange site but, he/she is not communicated with the buyer there is a middleman to exchange the coin for both sides this type of module is called escrow. Let’s know more about the escrow

Escrow module

The escrow system means trustworthy with the third person where buyer and sellers depend on one vendor in the site or act admin for the site. When the seller wants to buy bitcoins he/she has to post an advertisement. The escrow searches the nearest buyer through seeing the post ad, location, and matches both the buyer and seller. Then, a buyer can give fiat money to buy the bitcoin. After the process, the escrow releases the fund to the seller. For, each trade escrow takes commissions for both seller and buyer.

 Specification of Escrow module

  • Through the escrow module, both buyer and seller trust the trading securities.
  • When a problem arises between buyer and seller the escrow support chat will available to solve the problem and give the correct solution for both sides.
  • There is feedback score option is available to find the customer mindset in trading.
  • The major component in the escrow system is revenue they get trade commission from seller and buyer.

Sellbitbuy- escrow software

Sellbitbuy is the Software company which provides Localbitcoin clone script with escrow software.

Local bitcoin clone script/software – Get it here