What are the main security risks in P2P exchanges?
Key security risks include fraud (fake payment receipts, chargebacks), identity spoofing, escrow contract vulnerabilities, and malicious actors exploiting weak verification. Since many trades involve off-chain payment methods, there is a risk of payment reversal or payment fake-outs. To mitigate this, platforms must implement escrow systems, robust KYC/AML checks, dispute-resolution workflows, and continuous monitoring.
Explore More: https://www.blockchainappfactory.com/p2p-exchange-development
Howdy, Stranger!