How it works

In traditional cryptocurrency exchanges, buyers and sellers place orders on an order book, and the exchange's matching engine matches the orders and processes the transactions. In contrast, the Dyleum P2P exchange platform uses a different approach to facilitate crypto trading. Instead of matching orders on an order book, the platform matches traders themselves.

When a trader wants to buy or sell cryptocurrency, they can use the Dyleum platform to find a suitable counterpart. The platform will connect the trader with another user who wants to trade in the opposite direction, allowing them to complete the transaction directly without the need for intermediaries. This process allows for faster, more efficient trading, as the transaction can be completed directly between the two parties without the need for the exchange to match orders and process the trade.

To ensure security and trust in these peer-to-peer transactions, Dyleum uses smart contracts to facilitate the escrow process. A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. This means that the terms of the transaction are automatically enforced by the blockchain, without the need for a third-party intermediary.

In the case of Dyleum, the smart contract acts as an escrow, holding the cryptocurrency being traded until both parties have fulfilled their obligations. This ensures that the transaction is completed securely and according to the agreed-upon terms. By using smart contracts to facilitate the escrow process, Dyleum allows users to trade quickly and efficiently while maintaining overall security, trust, and cost-effectiveness.

Features in our P2P exchange

Dyleum peer-to-peer (P2P) exchange offers multiple payment methods, accurate and confidential transactions, and hassle-free crypto swapping. The platform supports multiple languages and cryptocurrencies, making it accessible to users worldwide. It also offers an escrow service to help ensure that buyers and sellers fulfill their contractual obligations.

One of the key benefits of using Dyleum is that there are no third parties involved in the transactions, so users don't have to worry about fees being deducted from their trades. The platform also uses decentralized KYC and profile verification to quickly and efficiently authenticate user profiles and remove unauthorized users.

In addition, Dyleum's P2P exchange script displays the real-time market value of cryptocurrencies, allowing users to easily monitor the fluctuating prices. Automated transactions further simplify and secure the trading process, and multifactor authentication ensures that only authorized users can access the platform.

Overall, Dyleum's user-friendly interface and faster trading processes make it a convenient and secure platform for P2P cryptocurrency trading.