This content originally appeared on DEV Community and was authored by Felix Jordan
What is Paxful?
Paxful is one of the best p2p finance platform for trading cryptocurrency. many companies are interested to launch paxful clone script similar to paxful exchange.
In 2014, Ray Youssef and Artur Schaback founded EasyBitz which was then renamed to Paxful, which gets its name from the Latin word for "peace". They had one goal in mind when they created it: to make Bitcoin easier for everyone from businesses to traders.
A lot of big problems in the world revolve around money, specifically earning it and transporting it. Sending money around the world is not fast or cheap in any way, but Paxful changed that.
Paxful is the p2p cryptocurrency marketplace where buyers and sellers are connected for business. Having over 300 payment methods available on Paxful creates it unbelievably easy to find proper suggestions.
The p2p system of Paxful removes limits. You can think of your Paxful account as your very own financial passport. Also, you can send money and buy things from halfway around the world.
As you can see, in this article, we supposed to analyze the process of functioning paxful exchange, paxful clone script, benefits, features, functions, white label paxful clone script and how to build exchange like paxful. Let’s find out what these are:
What is clone script?
A clone script is a replacement code or architecture of an existing website. The purpose of the website clone script is, it helps the entrepreneurs to start business rapidly with popular and unique features and minimize the startup costs. Actually The Clone scripts are the copy of famous online businesses out there in the world. These scripts can be used by entrepreneurs to start their online business at ease.
Some business owners say clone scripts are not legal. But it isn’t. Because cloning a website doesn’t mean that the clone scripts are made from the exact code of the existing website.
Features and benefits of using clone script
Scalable and Customizable:
Clone scripts are used in developing the clone app and it is very easy to customize the clone scripts according to the requirement of the project of the client.
Quick Launch:
The clone scripts do not take a long time to run as they are predefined scripts and already written and capable to run quickly.
Low Cost:
the clone scripts are open source so we can get that from the original site of the existing app and can easily get that from there and use it in our app though we do not have to pay any amount hence results in it being cost-effective.
High Success Rate:
The clone scripts are very powerful and we know that these are already used on someone’s site or used by many others though it is bug-free and attracted by the users across the globe.
What’s the purpose of clone scripts?
The ultimate purpose of clone scripts is to help budding entrepreneurs to start their own online business hassle-free. Also eliminate the cost and time of development of the business applications. The entrepreneurs can buy the clone script from any of the service providers and customize them based on their preferences.
White label Paxful Clone Script - To Get High Cryptocurrency
White label Paxful Clone Script is a set of source code that contains all trading functionalities of the Paxful exchange website. White label Paxful clone script allows you to customize the features according to the current digital trend & it allows you to change brand name, logo, theme, design according to your business needs at that moment.
6 steps to build website like paxful
Step1: Paxful Business Model
Paxful is one of the most advanced clone scripts that you can use for making a high-end crypto trading platform. Using this powerful solution, it is possible for any entrepreneur to create an exchange as impeccable as Paxful. It has made the cryptocurrency exchange website development more valuable for all the parties involved. From the developers to the exchange owners, it is prolific for everyone. paxful clone script works on a very strong architectural design that paves way for some big changes. The replication gets easier only because the platform has allowed you to use its technology. Otherwise, the security aspects are unbeatable and the functionality is also matchless. With this program, it is even possible for you to have a very certain style of trade. It brings a string of plugins and features for the users. To guarantee an honest exchange on the website, smart contracts with escrow are used. To reduce fraud, with other methods of exchange on the site, a system of reviews and reputation ratings has been introduced.
Step 2. Key Exchange Features
Registration. To create a new Paxful account:
- Open a web browser and launch the Paxful webpage
- Click Create account on the top right corner of the main page. ...
- Complete the following fields on the signup form: ...
- Click Create Paxful account. ...
- Complete your captcha verification.
User profiles. Your public profile contains a summary of your account and your history on Paxful. Also, you can add an avatar (photo or any image), indicate the phone number, main currency and very briefly tell about yourself. In addition, you can configure notification settings in your profile.
Remember that your public profile is visible to other Paxful users. On your public profile, other Paxful users will be able to view the following information about you:
• Username
• Profile picture
• Verification - information if your email, phone, ID or address are verified, and you were verified as a trusted vendor.
• Reputation - an aggregation of the positive and negative feedback that you have received on Paxful.
• Active offers - offers you created that are currently active.
• Your profile language
• Number of trade partners
• Number of trades
• Trade volume - total BTC you’ve traded on Paxful.
• Number of users who trust you
• Number of users who have blocked you
• Time elapsed since you joined Paxful
• Last time you were online on Paxful
Note: Your public profile will contain all the IDs you have earned on Paxful and will help other users decide if you are a safe trade partner or not.
Verification, Know Your Customer (KYC). Paxful is one of the few crypto marketplaces that enforce KYC verification procedures. Verification is an important part of Paxful as we aim to make the trading experience on our platform as safe as possible. Users who fail to verify their identity can continue to use the exchanger, but a limit on the volume of transactions will be set for them.
Cryptocurrency wallet. The Paxful wallet is useful, protected, and easy to use on all your devices. You can simply manage your funds and top up directly through p2p marketplace, and send or receive Bitcoin, in just a few clicks. Over 3 million people have used the Paxful wallet to send and receive over 40,000 BTC. Its best-in-class security features make it one of the most trusted wallets in the world — so you’ll never have to choose between security and convenience.
Security tools. Cryptocurrency holders and traders are especially vulnerable to cyber-attacks since digital currencies only run electronically. This is why choosing a secure and reliable online Bitcoin wallet is very essential.
- Choose a crypto wallet that fits your needs
- Enable two-factor authentication
- Encrypt your Bitcoin wallet
- Backup your entire wallet regularly
- Utilize the multi-signature feature
- Keep your software updated
- Use different passwords for different accounts
- Never give away your private key
- Don’t click on unknown or suspicious links
- Use a secure Internet connection
Cryptocurrency purchase, sale and exchange.
Over 350 ways to buy and sell Bitcoin: Select a payment method you like and trade directly with other people!
1.Bank Transfers
2.Exchange for Cash
3.Other Wallet (Send to over 140 online wallets worldwide)
4.Discounted Gift Cards
5.Digital Currencies
6.Goods & Services
Escrow. Escrow in the financial sense means an arrangement where a third party (not the buyer or the seller) holds funds in safekeeping pending the completion of a promised obligation. And enables users to get guaranteed transactons. It is best if it is open source software so that users can verify the integrity of the smart contract and the absence of errors in the code.
Reviews and rating system. On the Paxful website, users can distinguish reliable counterparties from unscrupulous or scammers. They can be positive, neutral or negative. You can leave a response instantly after the successful completion of the transaction (or its failure).
Customer support.
- Customizable dashboard
- The ability to view site statistics (activity, trading volume, etc.)
- View user profiles
- Buy-Sell tab
- General information about the platform
Step 3. Monetization of the cryptocurrency exchange
Publication fee.
Buyer creates an escrow account
One of the two parties, either the Buyer or Seller, will initiate the transaction. This process begins when the user inquires about the offering and creates an account on CryptoExchange. With an account set up, the two parties can solidify the terms of their agreement.
Advertisements. Advertising promotion fees, posters, contextual advertising and paid links - all this is used on the site and in the Paxful application to increase the profitability of the platform.
Step 4: Marketing Strategy
The paxful cryptocurrency exchange was launched in 2014 and is a peer-to-peer Bitcoin marketplace, has recently entered India. In the first 21 weeks of 2020, Paxful has recorded a minimum of $1 million in weekly volumes. Since the beginning of May 2020, the weekly traded Bitcoin volumes have grown setting three consecutive all-time highs – with the week ending 17th May recording a total of $1.521 million (ATH).
Step 5. Development approaches
Template Solution. You can create a crypto exchange like Paxful using ready-made software. You can get it for free, for example, on GitHub, or buy for 300 - 1000 dollars. Free solutions usually have poor functionality and are not well tested for errors and other vulnerabilities. Paxful clones software sold may vary by manufacturer.
Development from scratch. A more complex and expensive option to create a Paxful clone software, but it gives you more control over the development process and allows you to implement unique software solutions. The cost of creating a P2P crypto exchanger from scratch usually varies from 20 to 50 thousand dollars.
Step 6. Get the consultation from the experienced clone script providers
The script is usually developed by well-experienced and qualified experts. They take care of everything from development, design, testing, and deployment, allowing you to focus on just the customization part. There are many advantages involved with purchasing and deploying a Paxful clone script for your business.
The benefits of Paxful clone script to start a P2P cryptocurrency exchange software
• Ready to launch
• Skip development from scratch
• No technical assistance
• Easy customization
• Save time and money
These are benefits you can get to develop a P2P crypto exchange with Paxful clone script.
Amazing Paxful Clone App - To Buy and Sell Cryptos
Paxful Clone App Development Company
Paxful Clone App is the cryptocurrency exchange trading app that contains all the crypto trading features of the Paxful app and also the additional features that help you to develop your own Crypto Exchange App such as Paxful. Ultra-fast transaction permits you trade crypto coins in a matter of seconds with 100+ payment gateway support.
This content originally appeared on DEV Community and was authored by Felix Jordan
Felix Jordan | Sciencx (2021-09-07T10:53:05+00:00) Paxful Clone Script-6 Steps to Provide a Website Like Paxful. Retrieved from https://www.scien.cx/2021/09/07/paxful-clone-script-6-steps-to-provide-a-website-like-paxful/
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