P2P Setup
Last updated
Last updated
By default, on the setup of an Enterprise exchange, the P2P feature will be visible to users - assuming your exchange is running on version v2.11 or later.
If it is not visible (and you have updated to a version post v.2.11), head to Operator Controls -> General -> Features, and ensure that the check box beside ‘P2P’ is enabled, as shown in the image below
With this done, it is likely at this point though that some tweaking may be required to ensure that users can take advantage of this feature.
To get the foundations laid down, head to the Operator Controls -> Markets -> P2P -> P2P Settings
From here, we need to ensure the Enable toggle on the right side of the screen is enabled, and then click the green Edit Settings button to create our initial configurations of how we want vendors to be able to create deals.
By opening the settings menu we will be able to select the options we want to offer to our users and vendors.
The first screen lets us choose the baseline configurations:
The allowed directions of trades (sides) that vendors can post. This can be limited to just allowing buy or sell, or enabling both types of transactions.
Here we can also choose all the assets (both crypto and fiat) that can be used in vendor deals.
As well here we can select
For information about adding assets to the exchange as a whole, check out these pages for crypto assets, and fiat assets
Note: The fiat currencies that are selectable here are not the ramp options. Leave these unselected as we will select them on the next page
The transaction duration refers to the length until a deal expires.
Next up we can select the fiat assets that can be used to trade for crypto. See the previous point for adding these types of assets.
This step is an important one, as it defines exactly who will be able to use the P2P system, and what exactly they will be allowed to do. Please see these pages on the User Tier to get the details on this system.
This step is an important point of consideration. Vendors must be trusted users on your exchange, due to them dealing with the assets of your other users, and thus will refelct on your exchange. However you choose to perform checks on these users, ensure that this setting is limited such that you know you can be confident in thier ability to interact with the rest of your user base.
Of course, the same rule goes for your users, that take the deal of the above vendors, but perhaps require a lesser level of tier
Next up, we select the payment methods with which vendors and users will use to send and receive fiat.
A long list of various methods are provided by HollaEx, but this can be expanded by you for exactly the payment services that work best for you and your userbase
For information on adding new payment methods, check out this page in the Fiat Controls
Our fifth menu gives options about the fees that vendors and customers will incur using the P2P system.
The first two input boxes are the percentage fees for vendors and customers
Finally, we can review all our chosen settings, and confirm once we are happy with them.
The dropdown menu defines the exchange wallet (generally the wallet) where these accumulated fees will be sent.
