How to Start an Exchange like Paxful?

Paxful is the popular bitcoin Exchange in this era within the short span of time, paxful has reached its tremendous success in the very short span of time. Its turned as the inspiring icon by over taking its strong rival competitor LocalBitcoins. It is such a Motivation factor for many Startups to start an exchange like Paxful.

Any budding entrepreneur can start an Exchange like Paxful with Paxful Clone Script. Want to build an Exchange like Paxful, then this will help you.

Paxful Clone Script

Paxful Clone Script is the website script by which one can easily start a bitcoin exchange just like Paxful. This script is encrypted by high standard security features and fully designed based on the Cyber Security Protocols.

Paxful Business Model

Paxful is the online market place to buy/sell bitcoins instantly. since, Paxful is the peer to peer exchange, where trading occurs end to end under Escrow protection. Users of this Exchange are allowed to display ads with information such as the number of bitcoins, mode of payment, date of selling, etc. This exchange also supports offline trading where traders can meet in person and execute trading.

Key features

• Cryptocurrency Wallet
• Escrow Integration
• Two factor authentication
• Cybersecurity protocols
• Instant buy/sell features
• Live Chat
• Payment Options

Development Methodologies

Start From Scratch – Customized P2P Cryptocurrency Exchange Script

You can start building your cryptocurrency exchange from scratch with our custom p2p exchange script. With this, you can make major changes in the renowned functionalities and operations. Also, you can create your own 100% pure white label p2p cryptocurrency exchange.

Start With a Clone Script/ Template – Buy Paxful Clone Script

If you don’t want to start from scratch, then you can make use of our premium Paxful clone script, and can start setting up your own cryptocurrency exchange like Paxful. Our Premium Paxful clone development package covers Paxful clone script, paxful clone app, and premium customization features including wallet customization. This requires less effort and less cost Of investment 

Monetization options 

Trading fee:The trading fee is the important income for all exchanges, the admin of this exchange can deduct a trading fee for all traders. It is advisable to fix low trading fees so that the user engagement will increase significantly.

Advertisement fee:The ad posting feature is an efficient method to buy and sell bitcoins, the owner of the site can charge a trader for posting ads.

Listing fee : Some Exchanges allowed listing of new cryptocurrencies, they can also make money by doing it

Deposit and Withdrawal fee : Few Exchanges do not collect fees for depositions and a significant amount of fee for withdrawal.

How Much Does It Cost to Start an Exchange like Paxful? 

The standard price of our script starts at 3000 USD. It varies based on Client requirements. The cost depends on the API Chosen, additional features, the technology used, plugins, etc, We also offer Premium Paxful Clone Script that actually needs minimum customization. 

Conclusion

Cryptocurrencies are turned as the class now! The interest for Cryptocurrencies are increasing day by day among people. Now in the COVID-19 pandemic Cryptocurrency Exchanges have attained the new transformation. It is the best time to start an Cryptocurrency Exchange.