There is a growing trend among businesses and individuals embracing Bitcoin and other cryptocurrencies as viable payment options. Unfortunately, cryptocurrency users often face various challenges. For example, they depend on centralized cryptocurrency exchanges that rely on rigorous and often convoluted Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. Following them, users can compromise privacy, as they are forced to disclose personal information. Also, the necessity to entrust third parties with their cryptocurrency holdings exposes users to potential risks and loss of funds.
To address these issues, our client asked us to develop a secure real-time Bitcoin exchange platform that facilitates online buying and selling of digital cryptocurrencies for individuals. This platform had to be designed as an interactive and globally oriented solution, enabling seamless transactions worldwide. The primary goals were user-friendliness, lowest fees, and security, ensuring users have complete control over their funds and transactions.
The client required us to maintain users’ anonymity in cryptocurrency transactions and keep the app free from intrusive KYC and AML requirements. Minimizing dependence on centralized exchanges was essential to bolster the security of cryptocurrency holdings and reduce the risk of loss of funds and leakage of personal information. Another requirement was simplifying buying and selling cryptocurrency by delivering a user-friendly, intuitive, and efficient platform.
Our solution serves cryptocurrency enthusiasts and traders seeking a secure, cost-effective, and user-friendly platform for buying and selling Bitcoins directly from other platform traders. It’s built for individuals who value privacy, lower trading fees, and enhanced security in cryptocurrency transactions.
The platform allows users to create and customize Bitcoin trade offers based on their preferences. Intuitive matching algorithms ensure quick and efficient pairing of buyers and sellers, optimizing the trading experience.
We utilize Multisignature Contracts to facilitate secure fund escrow during transactions. This system ensures that both parties fulfill their obligations before the transaction is completed, reducing the risk of fraud.
Every user has a personalized workspace as their control center for managing trades, viewing transaction history, and accessing essential account settings.
Effective communication is crucial in any trading environment. Our integrated live chat allows buyers and sellers to communicate in real time. Users can discuss transaction details, negotiate terms, and seek clarification, which increases transparency and trust in the trading process. The notification system ensures that users receive instant updates on new trade matches, messages from counterparties, and essential platform announcements, keeping them informed and engaged.
The implemented algorithm for resolving disputes with the involvement of platform managers made it possible to solve problems arising during transactions on favorable terms for each of the parties in the shortest possible time.
Personal dashboards for admins and super admins enable easy access to detailed platform information, including:
To create a platform that meets our customers’ needs, we extensively researched the crypto platform market. Our research helped us identify the most useful features for our customer to succeed in the crypto world.
We developed advanced functionalities that exceed the initial expectations and requirements for the early version of the platform. Our system enhances user efficiency and optimizes time management with cutting-edge features:
We used Node.js and React to create a robust web application with a user-friendly, adaptive, and responsive design. Despite budget constraints, we completed the project within the specified budget by offering possible cost-saving solutions. We also efficiently addressed unexpected challenges (problems with third-party services, deployment issues) and BTC network challenges (crypto dust and dynamic fees for longtime transactions within the network).
Our team successfully developed and launched a global P2P crypto trading platform that addresses cryptocurrency users’ challenges. The solution is focused on privacy, cost-efficiency, and security concerns. The platform offers the following features:
High-level cooperation with 100% connection. Reliable development partner.
The assigned tasks have been solved.