Since P2P cryptocurrency exchanges are fastly growing in the market, the need for integrating multiple payment methods is more important now. It will enhance the trading experience and help in attracting global crypto traders.
Some of the popular payment methods to be integrated mandatorily in a P2P Cryptocurrency exchange are
Debit card/ Credit card - Card-based transactions are convenient as it avoids the need for carrying cash everywhere. It directly sends money from your bank account while purchasing crypto assets. It permits both crypto-to-fiat trading and fiat-to-crypto trading.
Bank transfer - It comes as a useful tool in countries where card-based transactions are restricted. Of late, more traders are relying on this measure to complete their crypto transactions due to the presence of institutional credibility.
PayPal - It is an online wallet accepted internationally. PayPal permits the transfer of funds, deposit, withdrawal and storage of funds. It accepts most of the fiat currencies and is most suitable for a fiat-to-crypto P2P cryptocurrency exchange. It uses two-factor authentication that adds an extra layer of security for its users.
Mastercard/ Visa - The two dominant companies in the digital payments space act as networks between the banks and the merchants on a crypto exchange to complete a transaction. They provide a lot of exclusive offers for users to purchase crypto coins and tokens. It is compatible in regions where buyers and sellers claims are legal. Transaction fees would be levied to complete the payments process.
Digital coins - All P2P cryptocurrency exchanges would be compatible with the leading crypto coins such as Bitcoin, Ethereum and Litecoin. The developers of exchange should also provide various trading pairs for users to exchange different cryptocurrencies seamlessly.
The above payment methods must be incorporated in a P2P cryptocurrency exchange for satisfying the interests of crypto traders and investors. It will enhance the overall trading experience irrespective of whether a new exchange is being set up or an existing platform is going to be modified.
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