Trading is a common term that has been existing for centuries. But over the years, it has undergone several changes. A few centuries back, trading was carried out in exchange for pulses, grains, and goods. In this digital era, people started to trade on digital platforms using digital currencies. Cryptocurrency exchange platforms enable people to trade their coins without the interference of any third parties. This is the reason why people prefer these platforms to exchange their cryptocurrencies. In this blog, we will discuss developing a robust Paxful clone script.
What is so unique about our Paxful clone script?
A Peer-to-peer exchange platform is the best way to enter the crypto world. The decentralized exchange platform provides a forum for the users to exchange their bitcoins without any third parties. It is highly secure and safe for people to carry out their trading.
Developing a cryptocurrency platform from the ground up is quite challenging. Instead, we offer a white-label Plaxful clone script for you to customize the app with your ideas. Our tailor-made solution will help you start your business in a good run.
Our Plaxful clone is a cryptocurrency exchange platform where users can exchange their bitcoins. We provide you a scalable and robust Peer-to-peer exchange platform built with blockchain technology. The IEO integrated platform will ensure to provide the users an immediate trading option. The cross-trading feature will enable the buying and selling of cryptocurrencies in a swift way.
How does our Paxful clone work?
- Firstly, the users should register themselves with the app and proceed with the KYC documentation. Once the users are verified on the platform, they can continue with the app.
- After registering with the app, the users can start trading on the platform. They can either buy or sell their cryptocurrencies.
- In case the users want to buy the currencies at a particular price, then they look over the sell request. Those who want to sell their cryptocurrencies can post their sell request on the platform.
- For selling cryptocurrencies, the users have to deposit their cryptocurrencies along with their transaction fees in their wallets.
- The buyers can buy their currencies from the sellers and get acknowledged by them instantly through mobile. After that, the currency will be transferred from the seller to the buyer’s account.
Join us to develop your crypto exchange platform like Paxful.
Connect on WhatsApp The enticing features of our Paxful clone script
Our well-developed Paxful clone will have the following features,
Swift registration
The first step to getting started with the platform is by registering the account. The users can register themselves by giving their user credentials like phone number and email address.
Profile creation
The next step is to create a profile. The users can create their profiles by mentioning their preferences in currency and other transaction details.
KYC verification
In a cryptocurrency exchange platform, it is quite important for the users to complete their KYC procedure. After registering with the app, the users can upload their personal certificates in the app and pass through their KYC norms.
Crypto wallet
The multi-functional wallet will allow users to store cryptocurrencies and depict the wallet balance bought through the Paxful clone.
P2P exchanger
The fully automated P2P exchange modules enable the users to request, sell or buy cryptocurrencies in a convenient manner.
Escrow wallet
A wallet will be created on the platform for the users to sign up for an account. This is known as an escrow wallet where the users can store their cryptocurrencies before the actual transaction. Once the user is exchanging his cryptocurrencies in the platform, they cannot be transferred to other wallets.
Payment integrations
Keeping in mind the scope for cryptocurrencies, we have integrated several payment options in the app like PayPal, UPI, etc.
In-app chat
To enhance a healthy relationship between the buyers and sellers, the app allows them to chat with each other through the app.
Review and ratings
To inculcate the trust factor among the buyers, we have included the badges option. Based on the reviews and ratings received by the sellers, different badges will be awarded to the sellers. The buyers can select their sellers based on this.
How to generate revenue from a Paxful clone script?
Through cryptocurrency exchange platforms, you can earn your revenue in different streams. Below, we have listed a few options for generating your revenue.
Commission charges for user request
Whenever the users post a request for buying and selling, a part of it will reach you as commission charges. So, for each request of your users, you will receive the commission charges.
Transaction fee
For each of the transactions in the app, you will earn your transaction fee from the users. Even if the users transact their cryptocurrencies to other wallets of various platforms, the transaction fee will be deducted.
Banner advertisements
The advertisements of the highest-selling cryptocurrencies on the platform will fetch you more money. You can invite advertisements and earn your revenue through them.
Wrapping up,
Cryptocurrency platforms are the most trusted source among individuals to trade their cryptocurrencies. Without any intermediaries, through these platforms, they will feel utmost secure to trade their bitcoins. You can swiftly make an entry into the platform with us. Our edible Paxful clone script will help you throughout your business through its scalable and reliable platform.
Want to develop a paxful clone?
Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.
