P2P Cryptocurrency Exchange Script Development Company

The main Benefits of decentralized cryptocurrency exchange platforms arise from not having one company in charge of whole things. A single point of authority permits some of the benefits actually the faster trades. However, this process also works as the single point of damage that means each and every bit of failure to it affects the whole exchange system. This is the major advantage of the P2P Crypto exchanges, achieved by removing that one percent of the damage.

Cryptocurrency transaction censorship resistance. Normal cryptocurrency exchanges are mostly run by humans they may be exploited by governments by imposing regulatory rules and restrictions. In this case, the recent intervention by the citizen's Bank of China, which is lead to two of the popular and big cryptocurrency exchanges in China freezing all Bitcoin withdrawal activities for a whole month. As a participant and user, actually you wouldn’t want that to happen to your valuable funds.

Coming to this case, (P2P) Peer to Peer cryptocurrency exchanges are practically invulnerable to any government interference, because of these exchanges don’t have any central point of authority which could be pressure. In case, even if some 3rd parties are forced to cease user operations, the rest of the cryptocurrency exchange system remains not affected. This is the major advantage that is exactly what has caused an increase in the participant base of LocalBitcoins, one of the top popular P2P cryptocurrency exchanges.

Cheap kind of operation. Again and again, Normal cryptocurrency exchange platforms are operated by humans, who have to be confirm paid for their processing works. P2P cryptocurrency exchanges are run by specific trusted software, so there are no chance or little to no corporate overhead and also by extension, very small fees for the participants or users if any.

Privacy is the most important aspect of the cryptocurrency exchange platform. In recent years, government sectors around the world have been very successfully enforcing AML ( Anti-Money -Laundering) and KYC ( Know Your Customer) regulations on cryptocurrency exchange platforms. This kind of oversight forces the cryptocurrency companies running those crypto exchanges to collect as much info on their participants as possible aspects like names, places of residence, ID numbers, and more details.

This kind of approach goes without saying that the government can't impose those rules and regulations on P2P cryptocurrency exchanges, which means that crypto trades can be conducted in a much more to separate or private manner there.