Exclusive Features of Paxful Clone Script That Lend You a Competitive Advantage

Table of Content:

Introduction

According to recent data from Chainanalysis, global crypto adoption took off last year when it grew by 881%. The report mentions that peer-to-peer (P2P) platforms are majorly driving crypto adoption as many crypto customers across the world don’t have access to centralized models. One could easily think that the brains behind the peer-to-peer technology in crypto exchanges might have predicted the future or the response of repulsive governments. Even the harshest of anti-crypto laws didn’t limit P2P crypto exchanges from providing the customers a chance to benefit from crypto investing. Apparently, it prompted the rise in the number of entrepreneurs interested in P2P exchange development.

If you are a business interested in building a P2P crypto exchange like Paxful, this blog would guide you on things you must know before entering the market.

What is Paxful?

Paxful is one of the leading P2P crypto exchange platforms that brings buyers and sellers together, allowing them to trade directly without any third-party intervention. As the middlemen are eliminated from the processes, the government policies gagging third-party control also lose influence over the exchanges, making them free of government control.

The platform allows 300+ payment options and multiple trading options to traders around the globe.

What is Paxful Clone Script?

Paxful Clone Script is a ready-made website clone of the Paxful trading platform packed with all the core features, functionalities, plug-ins, and modules. The P2P crypto exchange script is an ideal way to replicate Paxful’s success as it reduces development time, cost, financial risks, etc.

Key Features of Paxful Clone Script:

Any reliable clone script has all the features, modules, and plug-ins that the actual platform has. The points below brief the core features of the Paxful trading platform as well as the P2P crypto exchange script that can help businesses establish a crypto exchange like Paxful.

-Registration:The registration process for the P2P crypto exchange software is very simple. One has to specify an email address, set up a username and password, accept the terms of service and at last verify the “not a robot” test. Registration via phone and social networks is not supported in the Paxful trading platform as it hampers anonymity.

-User Profiles: To come up with an identity, one can add a phone number, avatar (that can be an image or photo), and a brief description about themselves. One can also configure notification settings in their profile.

-Security Features: When planning for P2P exchange development like Paxful, you must consider security features to protect information as well as big money that the exchange holds. So, like Paxful, you should enable pin codes and IP-address tracking, two-factor authentication, protection against XSS (Cross-Site Scripting) and CSRF (Cross-Site Request Forgery), SQL injections, etc within your exchange platform.

-Verification: The Paxful exchange recommends that all user profiles should undergo an identity verification process. Based on their transaction volume and wallet activity, several identity proofs and audits are required.

-Cryptocurrency Wallet: Everyone who registers on the Paxful exchange platform is entitled to receive a crypto wallet where the balance is displayed in bitcoins and pre-selected fiat currency. A reliable P2P crypto exchange script cloning the Paxful exchange would certainly offer an in-built crypto wallet to store Bitcoins, Ethereum, and Tether.

-P2P Exchanger: To facilitate peer-to-peer exchanges, an efficient P2P exchanger must include tools that inform buyer-seller match, facilitate infallible exchange functionality, an order book, a robust matching engine, and various other functionalities. For faster and more convenient transactions, an automatic trading engine like the one in Paxful is highly recommended.

-Live Chat Feature: An effortlessly accessible customer support system is indispensable for crypto exchanges. Make sure that a balanced combination of online and offline communication channels is included in your customer support system. Live chat on the website, Whatsapp, Telegram, Viber, Facebook Messenger, etc. are some must-include channels for customer support systems if you wish to build a P2P exchange platform like Paxful.

-Payment Options: A robust Paxful clone script must enable integration with Alipay, PayPal, online banking systems, and other prominent payment instruments. It must also allow users to use gift cards from eBay, Steam, Amazon, and other prominent giants.

-Escrow System: In the mid of transacting parties, lies a robust smart contract ensuring the reliability of trades. The contract accepts funds from buying and selling parties and releases them when a rate agreement is made.

-Intra-region order matching: This feature boosts the speed and convenience for the Paxful exchange as well as the users as similar payment methods and currency are used while transacting. So, this feature is a must to consider while getting your P2P exchange development done.

-Reviewing & Rating Module: For facilitating safe transactions, Paxful integrates this review and rating feature where parties can share their unpleasant experience with scammers. Participants can write negative, positive, or neutral reviews based on their experience after completion or failures of transactions which later reflect on the counterparty profile as red or green numbers.

-24/7 Customer Support: Besides live chat options, round-the-clock technical support is vital for customers. For those looking to build P2P exchange like Paxful, they must consider hiring special employees for support and inculcate high-quality content for the reference section.

-Advanced Admin Panel: At last, the Paxful clone script must have a well-functional admin panel with a customizable dashboard where parties can access but not control buy-sell transactions, activities, user profiles, trading volumes, transaction-specific information (timestamp, amount, identifier, rate, sender and recipient details), reviews, etc.

Conclusion:

Besides accessibility and law-friendly modules, peer-to-peer exchanges offer a whole lot of advantages to customers as well as cryptopreneurs. The features mentioned above make it clear that customers, as well as cryptopreneurs, can benefit to a great extent from the platforms like Paxful.

If you are a cryptopreneur having plans of building a robust P2P crypto exchange like Paxful, now is your time to take advantage of feature-fortified P2P crypto exchange script solutions from Antier Solutions. Being a leading blockchain technology company, we offer various solutions catering to diverse client needs, assisting businesses in centralized, decentralized, and P2P exchange development.

Connect with our subject matter experts to share your business needs.