paxful clone script

Paxful Clone Script Review

In this writing, we will look into the complete review of Paxful Clone Script.


What is Paxful Clone Script?

It is a bitcoin exchange platform where the users are allowed to sell and buy bitcoins. It offers multiple payments for trading bitcoins over the platform. Recently it has gained popularity for providing the unique payment options and to make it easier for trading the cryptocurrencies.

CryptoSoftwares provides excellent cryptocurrency exchange software development services

The steps to be followed to trade on Paxful Clone Script

Following are the steps to trade on Paxful Clone Script:

  • Step 1
    The first step is to register on the platform and submit the KYC (Know Your Customer) documentation. Sometimes it may not be mandatory, but it’s always better to submit the KYC documentation to configure in the admin panel.

  • Step 2
    Once the account is registered on the platform, it enables you to trade the bitcoins. The customers can sell or buy the cryptocurrencies. If the customer wants to buy at a specific price, then the customers can look over the sell requests all around. If the request does not match their needs, then they can post a buy request (Both the sell and buy requests are chargeable on this platform).

  • Step 3
    If a user wants to sell the cryptocurrencies, it is allowed to post the sale request. To post the sale request, the customer needs to deposit some cryptocurrencies to be sold and the transaction fee in the escrow account wallet.

  • Step 4
    When the buyer pays for the cryptocurrency, the seller will acknowledge the payment and confirms the status on the mobile app. After the confirmation, the cryptocurrency will be moved from the seller’s wallet to the buyer’s wallet.

  • Paxful Clone Script is a very user-friendly platform and it can be customized as per the customer requirements.

    Know how to start cryptocurrency exchange business

    How to make money with the Paxful Clone Script?

    The owner of this exchange platform has wide opportunities to make money via this platform. Below are some of the opportunities:

  • The fee charged for posting:
  • The admin of the platform will be able to receive a certain percentage of commission for each request posted on the platform. The commission can be configured in the admin module of the platform. The request can be either buy or sell request. The customer or the user who is posting the request needs to pay the commission for the admin.

  • The fee charged for the transactions:
  • When the customer makes any successful transaction, a fee is charged for the transactions. It is also charged for transferring the cryptocurrency from the site’s wallet to any other outside wallet.

  • Banner Advertisements:
  • The banner advertisements of high paying cryptocurrency on Paxful Clone Script will enhance the monetization process. It has the potential to convert high traffic to make money. More monetization channels are added regularly to this platform to make money.

    Get the list of top cryptocurrency trading websites

    Why is Paxful Clone Script unique?

    The local peer to peer bitcoin marketplace involves direct dealing with the people, and If not appropriately managed, customer privacy may fall under risk.
    The innovative and user-friendly Paxful Clone Script is developed to accomplish the important security features that are required for cryptocurrency trading over a safe and secure environment.

    This platform is made available on the Web, iOS, Android devices to make it comfortable for the users to trade the cryptocurrencies.
    It is developed with the dispute management system so that admin is responsible for any dispute and manages well.


    The features of Paxful Clone Script

    The feature-rich Paxful Clone Script is perfect for commencing cryptocurrency trading.

  • Escrow Wallet
  • A wallet is created on the platform when the users sign up to create the account on the platform. This wallet is known as escrow wallet to store `the cryptocurrency before the actual exchange or the transaction begins in the platform.

    Once the exchange or the transaction happens in the platform, the user will not be able to transfer the funds or the cryptocurrencies to another wallet on the same platform or outside the platform.

  • KYC Verification
  • The KYC verification process on the Paxful Clone Script is a streamlined process. Once the user is registered with the platform, they have to upload their personal documents for KYC verification before commencing the transaction over the platform.

  • Proximity Mapping
  • Based on the proximity algorithm on the platform, it tries to connect sellers and buyers who are located in the same area or nearby areas. The proximity match algorithm focuses on the location-based criteria like distance. This priority is filtered by the platform to display the relevant sellers and the buyers’ accounts.

  • Comply with GDPR
  • GDPR refers to general data protection regulation. Paxful Clone Script complies with GDPR and any user can send the GDPR message to other visitors on the site.

  • Dispute management system
  • An effective dispute management system ensures that the Paxful Clone Script is secure for all the users to begin the trade over the platform. Here in this platform, the permissions are enabled for the admin to resolve disputes more effectively.

  • Review and feedback system
  • Once the exchange or the transaction is done over the platform, users will be able to provide the feedback and the same can be reviewed to score the rating. The parameters like the feedback post the exchange, the response rate of the transaction, profile completeness.

    Read the blog on cost to build cryptocurrency exchange software

    The transparency of the platform is the major highlight to draw the trust of the users and to ensure the platform is more secure to do the transactions.

  • Slick User Interface
  • For web applications: As the platform is optimized with CSS and completed HTML minification, it loads the pages of the applications at a faster pace.

    For Mobile Apps: The best standards for the coding is used to create bloat-free mobile apps.

  • Personalized Messaging
  • Before starting the exchange or the transaction, the buyer and the seller can contact each other via the personalized messages. This will help them to proceed with the trade over the platform.

  • Effective Reporting
  • The admin will have the statistics reports on the dashboard to analyze the progress reports of the business over the platform. This will also provide the bottleneck along with negative feedback to be focussed to enhance the business operations


    Conclusion

    Here you will be able to find the complete review about Paxful Clone Script- an exchange platform. Go through the features of the platform and get an idea of how to make money with this platform.
    This article describes the steps to be followed to start the cryptocurrency trade over the platform.

    Always select the best crypto exchange software development service to build your own crypto platform.

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