While going with P2P crypto exchange development, you need to primarily focus on providing your users with multiple payment methods to enable them to trade conveniently. Adding different payment methods widens the horizons of exchange and also attracts global crypto traders.
Let us find out some of the popular payment methods that you can integrate into your P2P crypto exchange.
One of the payment methods that is gaining much attention is payment through credit cards and debit cards. It is regarded as the fastest way to buy crypto assets as it directly sends money from your bank account. It is possible for both crypto-to-fiat and fiat-to-crypto trading.
Not all countries permit transactions through cards, thus in that case a bank transfer helps in fulfilling the crypto trade. If you are planning for P2P crypto exchange development, you can consider integrating this payment method into your exchange since most of the traders rely on this measure to complete their crypto transactions.
PayPal is an online software wallet that allows its users to transfer, withdraw, deposit, and store funds through various linked websites. It is compatible with fiat currencies and is a suitable method for fiat-to-crypto P2P cryptocurrency exchanges.
It is the safest method to transfer funds from one online wallet to another in an effective manner. Additionally, it works on the algorithm of two-factor authentication that enhances its security paradigm.
In addition to credit cards and debit cards, P2P exchanges can enable payments through Visa and Mastercards. These are the payment networks between the banks and the crypto exchange merchants to complete the trade transaction.
These cards enable users to leverage credit, debit, and prepaid offers to purchase crypto coins and tokens. This payment option can be used in those regions where both buyers’ and sellers’ jurisdiction claims it legal. There is a certain amount of transaction fee that is charged to complete the crypto trading payment process.
The crypto industry is backed by blockchain technology and all cryptos are secured with the algorithm of cryptography. P2P cryptocurrency exchanges should be compatible with various crypto coins and tokens such as BTC, ETH, LTC, BCH, and others. Exchange developers should provide various options for crypto trading pairs such as BTC/ ETH, LTC/BCH, ETH/LTC and others to exchange cryptocurrencies.
Your P2P crypto exchange should be well-equipped with the various payment methods to provide a holistic view to the crypto traders and investors.
Whether you have an existing P2P crypto exchange platform or looking forward to building a new one, you must integrate all the aforementioned payment options to provide a convenient and comfortable crypto trading experience to your users.
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Schedule a free demo of our white label P2P exchange or connect with our subject matter experts to share your business needs.
