How does the Paxful Clone Script works?
JonaS575 last edited by
Paxful Clone Script is one of the popular crypto exchange software which is used to build an extraordinary exchange like Paxful. This clone script comprises almost every existing feature of paxful exchange. This enables the users to buy/sell or trade cryptocurrencies with ease. Let me explain the working of this paxful clone script in detail,
- Initially, the user who is about to start his/her trading finishes his/her registration by providing a Username, Valid mail Id and receives a confirmation mail to the registered mail Id.
- After completing registration, the basic details like Phone number, and government authorized documents like Driving-license are to be submitted to validate KYC. Once the KYC is approved by the admin, he/she will be able to start trading.
- Now, the buyer/seller looks for the relevant ad listed in the exchange according to their needs.
- Once the trade matches, the buyer has to proceed with the payment through various payment methods available.
- The seller can respond with the payment that has been received and he/she can proceed with the transferring of cryptos to the buyer.
- With the implementation of the ESCROW wallet, it provides high secured transactions to the users in which it holds the payment/cryptocurrencies. Then It releases the payment to the seller and crypto to the buyer only after the trading process finishes.
- If the seller doesn’t opt for the “I have received the payment” option, a dispute is raised and this is brought into the knowledge of admin, which is resolved at the earliest.
To know more about this in detail,
Refer to: https://bit.ly/3jF7VTH
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