What is a
CryptEx is a peer to peer platform for cryptocurrency exchange.
If you have used popular exchange sites like paxful or
localbitcoin, this product will be no strange to you. However,
regardless of the
abundantfeatures, we will take our time to explain
Register a new account to be granted access to its wonderful
features. to transfer test faucets
NOTE:The demo is using a
Test Chainunder blockcypher so the address and
DO NOTsend real coin into any generated addresses.
First of all, this product is
unlikeany you have seen on the market. Its not
just a php scripts but an investment. Get it today, setup a
business in the crypto community and make a name for yourself. Sit
back and grab a snack while we guide you through a quick tour of
its wonderful features!
CryptEx is coupled with a
self-hostedCryptocurrency Wallet It has an
interactive design that is both beautiful and responsive. The
cryptocurrencies supported at the moment are Bitcoin, Dash,
Litecoin. We would try to introduce the concept of peer to peer
trading in the next section.
Peer to Peer Trading?
P2P Exchanges match Buyers with Bitcoin Sellers. These are
individuals trading back and forth with other individuals.
Essentially, the sellers are setting their own price and what types
of payments they will accept. Many accept PayPal, Bank Transfers,
Credit Cards and even cold, hard cash. The Exchange acts more like
a dating service, matching people interested in trading
cryptocurrency. Of course, they take a small fee for this
As we said earlier, this project was heavily inspired by well
known P2P cryptocurrency exchange platform, and our goal is to make
CryptEx a match with them and even better
Trading on p2p may involve buying/selling of cryptocurrencies on
with the ability to pay or receive payments in diverse amount of
ways. For example, most people prefer to receive coin in exchange
for any of the following category of payment. However the
administrator is able to add or remove based on the location of
their business or whatever their customer prefers…
- Gift Cards
- Debit/Credit card
- Online payment
- Bank transfer
Under these category, administrators may set diverse more sub
method of payment. For example, Wallmart, Steam Gift Card under the
Gift Cards category. e.t.c
Definitely. CryptEx is able to achieve this by either becoming
one of the peers on the blockchain, or use a trusted thirdparty
provider like Blockcypher. Due to the technicality of becoming one
of the peers of the blockchain network which is way more cheaper
and reliable to use, we have decided to reserve this for buyers
with the extended license only, which we will be incharge of
setting it up on their behalf and covering for its maintenance.
However we have integrated successfully with
Blockcypher, which is faster and easy to get up
and running. Check the documentation for more details. We ensure
that this script is tested thoroughly before releasing and update,
but if by chance you find somewhere a bug, please send us a support
request no matter how small it may be.
How It Works?
Creating Offers:Users may create a buy or sell
offer for a specific coin supported by the platform. The following
parameters can be set for each offer:
Payment Method:Your choice of payment from the
predefined methods of payment which you wish to pay or receive
Amount Range:The range of amount that must be set
when creating the offer. For a sell offer, you must have more than
the range of amount in your wallet before it can be displayed for
potential buyers. However for buy offer, you may specify as wide
the range as possible provided once the trade has been started by a
potential seller, you have to meet up with the payment before the
trade automatically expires.
Profit Margin:As a buyer or seller, you may choose
to gain or lose. The profit margin is used to determine these on
each trade. For example, if you set a profit margin of 5% on a
$5000 trade, you will gain $250. Usually, most buy offer are set to
a negative profit margin so as to entice a potential seller.
Offer Label:Any marketing text like “INSTANT
RELEASE”, “NO RECEIPT REQUIRED” that will appear after your payment
method. Maximum 25 characters and only letters and numbers
Offer Tags:Add quick that describe your offer
terms such as “No ID needed”, “No receipt needed”. And you can only
select maximum of 3. These tags are predefined.
Offer Terms:The conditions you want the interested
trade partner to comply with, before a trade is initiated.
Offer Instruction:This is displayed to your trade
partner once the trade has started. It could contain further
information to ensure a successful trade.
Visibility/Requirement Preference:You may specify
the verification requirement (such as phone or email verification)
from a user before a trade can be initiated with you. Also, you may
limit its visibility to trusted contacts only.
Initiating Trade:As a buyer or seller you may
select from the list of available offers from the marketplace with
which you can initiate a trade. Some of the features of trade
Real Time Chat:This is the most essential. Both
parties of a trade have a means of exchanging information in
realtime directly on the platform. This includes support for
file sharing, which they can easily drag and drop
Countdown Timer & Auto cancel of trade:Since
the coin is been held on escrow from the seller once a trade has
started, the seller is able to set a count down on a trade before
it is cancelled. However, the buyer is able to “confirm payment”,
which will cause the timer to stop and wait for the seller to
Raising Dispute:Once a dialog has not been met,
either of both parties may choose to raise a dispute, which will
call the attention of any available moderators who will attend to
the trade and take absolute decision, i.e either cancel the trade
or release the coin.
Chat Monitor/Real time Notification:Every user is
able to monitor the trades from any where on the site, and they may
not have to keep refreshing the page because the platform sends
notifications with an alert tone instantly.
5 Star Rating System:After every successful trade,
the partner who started the trade is able to rate the other based
on 5 stars and a comment. New partners usually feed on this before
they initiate a trade with the same user
Self Hosted Wallets:As stated earlier, this is
coupled with management of FREE wallets for users, with which they
can generate address, send and receive wallet transactions. We
maintain connection with the blockchain network either directly or
through a third party you may read more about this above and on the
Multi-coin Support:This is what you would not find
on most P2P cryptocurrency exchange platform. We offer support for
multi currency, however bundled with this release is only Bitcoin,
Dash, and Litecoin. We hope to offer freedom of choice of crypto
coin in future updates.
Real time notification:We ensure that nothing gets
past the user by providing a realtime notification system of all
active trades and activities. With this in place user may not need
to refresh the browser, but only listen for incoming notification
Multi-currency & Realtime Cryptocurrency
Prices:Regardless of where ever you want to set up your
business we have more that 100 fiat currency which your users can
choose from. Their wallet balance price is also updated with the
realtime equivalent of its conversion.
Email & SMS Notification:While some
notifications may not be all that essential, along side standard
email notification, we have provided sms notification as well which
is made available only for some really important information to be
passed. Regardless of all, users can enable or disable the type of
notification they want
Real time Presence Status:Users may be either
away, online or offline at any point in time. So in order to
avoiding misleading potential traders, CryptEx supports real time
presence status of all users which updates in real time.
Two Factor Authentication:Nowadays most platform
with prominent security, requires user to setup a two factor
authentication using either of
Authy. You can research more on how they work from
their official sites
Phone & Email Verification:CryptEx was build
with security in mind so we tend to add as many verification means
as possible. Among these, it also supports email & sms
confirmation, simply ensure that both drivers are setup properly.
You may need to refer to the documentation.
User Contacts:Users may save contacts of their
most trusted partners of trade, this will give them a faster access
to their offers, rather than looking through the numerous offers on
the marketplace all the time.
… this is just about the little we can outline right now. This
document will be updated regularly to appropriately reflect all its
features. We will leave you to decide yourself after trying the
- PHP version 7.2.0+
- bcmath extension
- gd extension
- gmp extension
- OpenSSL extension
- Mbstring extension
- XML extension
- Ctype extension
- JSON extension
- Intl extension