Cryptocurrencies offer an exciting instrument for trading and creating wealth. However, the complexity surrounding its lifecycle is a major hurdle. Cryptocurrency trading, for example, can be a cumbersome affair, especially for someone who is just starting off. Even for seasoned traders, it is often a time-consuming business.  

While there are several exchanges which allow trading between parties who are registered on the system, getting onboard with these platforms is no less of a hassle. Moreover, on these platforms security is an inevitable problem. In this scenario, the PINT platform is not less than a saviour, as it can reduce these troubles to a great extent.

PINT is a P2P Marketplace in your Wallet

The most differentiating feature of the PINT platform is that it is a wallet-based marketplace, and not the other way round. All other exchanges provide a wallet to the user in which the user can hold their funds. However, the private keys to all these wallets remain with the exchange provider. In the case of PINT, the private keys of the wallet always stay with the user which gives the user - total control of his or her funds and also provides the highest level of security for funds.  

In the PINT marketplace, sellers’ assets are transferred from their wallet to an escrow only after a confirmation of the deal with the buyer and not before. On other marketplaces, the assets need to be transferred to a wallet whose keys and control is not with the user. The PINT system is actually built with on-chain escrow. Users can monitor their escrow account, in real time during trading, whereas all other marketplaces possess a centralized escrow that is not visible to anyone.  

The Knotty Problems of Crypto Trading

Apart from the complicated process of registration and the complexity of the features on the standard trading platforms, there are often concerns about the safety and privacy of data among the customers. The new KYC and AML norms which are mandatory to implement in various countries are the cause of distress among many users. This not only puts the personal data of the customers at risk but also poses a threat of leak for the transaction details being carried over the blockchains. Therefore, users who are involved in highly private transactions over blockchains are increasingly willing to go an extra step to use Peer to Peer (P2P) transaction services. Moreover, users are in constant search of platforms and service providers who offer encryption and other technologies which ensure the highest protection of data and transactions.  

PINT is one such Peer to Peer transaction platform that comes with a combination of these various security options for the protection of one's data. The platform is easy to use and provides several options when it comes to crypto assets that one can trade in. It also solves some of the major problems that are common to crypto exchange platforms in India.  

Indian P2P exchanges and PINT

In India, exchanges like Koinex Loop and WazirX to name a few are all centralized platforms which do not give the sellers complete control over their crypto assets. Their centralized nature makes them highly susceptible to security and regulatory risks and even closure. PINT, on the other hand, is decentralised, and the user is always in complete control of his or her funds at all times (funds remain in the wallet which is secured by private keys held by the users). All transactions are done on a blockchain-based escrow system which the user can see for themselves.  

Similarly other trading platforms like Localbitcoin are fraught with security risks. The information provided on these platforms is not encrypted. They also do not offer an encrypted chat room for the buyer and seller, as PINT does. Moreover, these platforms have an unsparing and inflexible verification process, which drives away the smaller traders. This is another problem that is solved by the PINT cryptocurrency exchange.  

Unlike other P2P platforms, PINT is a mobile App based marketplace, which makes it easy for people to start trading cryptocurrency on the go. The Android version is currently out and the iOS and Web Apps are under development. Other marketplaces only possess a website effectively making the process cumbersome.  

The Process of Buying & Selling  

PINT is an end-to-end solution for custody and trade of crypto assets. Users can securely store their assets in the wallet and trade them with other user. There is no other HD wallet which provides such a peer-to-peer trade functionality. Currently one can trade Bitcoin and Ether on PINT. The process of trading starts with the sellers advertising their assets and citing their prices. These advertisements are posted on the platform for the buyers along with the ratings of the traders. The buyer can choose any particular trader from whom he wants to acquire the assets he is interested in, and initiate the trade.  

After the seller gives his consent, the crypto assets are moved from his wallet to a Multi Sig Escrow account that is backed by the highest standards of safety. The escrow account holds the assets until the seller receives the payment after which the assets are transferred to the user's wallet.  

The details about the mode of payment can be communicated between the seller and the buyer over an encrypted chat. Moreover, the PINT platform has a unique dispute handling mechanism which provides added safety to the parties, in case of trade disputes.  

The registered traders can deal in assets valued up to 500 USD per day without any ID document. The traders willing to trade in currencies of higher values can simply verify their IDs, and avail a higher trading limit.  

And finally about Robust PINT Wallet

The secure HD wallet is an integral part of the PINT crypto trading platform. The wallet stores the crypto assets of the users. Further, users can use the PINT wallet for storing their digital assets without providing any personal information. It is an entirely private wallet, and it ensures the complete anonymity of the users.  

The SWAP feature allows the users to exchange the assets to other assets within the wallet. PINT has three exchange platforms built into it which are Changelly, Shapeshift and Coinswitch. One can chose the most beneficial exchange.  

Moreover, to ensure that the users' assets and data are protected even in case of the loss of access to the phone, the platform has an anti-theft feature. This unique feature allows the users to delete the wallet from the lost or stolen device remotely.  

The wallet at present has several of the leading assets, like BTC, BCH, ETH, LTC, DASH, DOGE, POWR, OMG, and many others thereby, providing the users many options.  

Parting Words

 Crypto trading, while being an excellent way for wealth creation, is also fraught with concerns of security and identity theft/loss. The PINT platform, built on cutting edge blockchain technology, is the perfect choice for any user who is concerned about the security of funds and personal data and wishes to enjoy safe and real-time crypto trading. The ecosystem is dynamic and will work continuously to stay abreast of the latest technology to provide a seamless and holistic experience to crypto enthusiasts.  

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