Cryptocurrency Exchange Development Company

Cryptocurrency Exchange Platform: What You Need to Know

Cryptocurrency exchanges are online platforms where you can trade one type of digital asset for another, depending on the market value of the given assets.
An exchange is a website, an exchange platform, a stock exchange, a marketplace, where you can buy and sell cryptocurrencies. That is to say, in practice, to exchange cryptocurrencies against others. Some exchanges, like Bittrex or Binance, allow bitcoins to be exchanged against any altcoin, i.e., against any other cryptocurrency (ether, ripple, litecoin, zcash, …). Others also allow you to convert your cryptocurrency into fiat currency, that is to say in fiat currency, or national currency, against a currency issued by a central bank, or even to buy cryptocurrencies from fiat currencies.

How A Cryptocurrency Exchange Works?

Each exchange hosts a list of cryptocurrencies and tokens and generates an address for these assets for their clients. Then the client can send (deposit) a number of coins to his generated address.
This way, he can open a sell order with the desired price, either in Bitcoin or in any other coin the exchange provides a trading pair with. Usually, most exchanges offer trading pairs including at least BTC and some other popular cryptos like Ethereum or Litecoin.

What is a DEX or Decentralized Exchange?

We have described what a cryptocurrency exchange is above. This is how most cryptocurrency exchanges work, and this is the “Centralized” model for an exchange.
In recent years, another exchange model has emerged: Decentralized.
But what do we mean by this definition?
We have two types of DEX
1) Platforms that offer swaps between two different assets using partner centralized exchanges for liquidity.
The user in this scenario gets the desired coin, and he pays with another. It avoids any difficult registration procedure in a centralized exchange, and it does not have to monitor any order book. He just “exchanged” one asset for another. In reality, the platform is only an intermediary between the user and the partner centralized exchanges that provide the necessary assets. The values depend on the order books of the assets in the partner exchanges.

2) Platforms that offer true P2P (peer-to-peer) transactions between two users. These are actually truly decentralized exchanges. Here, the users themselves are actually the liquidity providers and the buyers. The platform just swaps between its own assets, based on their orders.
Please always keep in mind that each cryptocurrency exchange is unique and has its own set of rules and customer base. Cryptocurrency exchanges are totally independent businesses and are not controlled by digital coin developers. You should always research reviews, and check their reliability before using them. Furthermore, you should never use a crypto-market account for Crypto-asset storage because there is always a possibility of losing your funds!

What is Cryptocurrency Exchange Script?

Cryptocurrency Exchange Script is a ready-to-launch Cryptocurrency Trading Script inbuilt with advanced features that allow you to launch a profitable cryptocurrency exchange immediately. There are various layers of high security that prevent fraudulent activities and assure that your money would be safe. The flexibility offered with the white label exchange script empowers any customization to facilitate customers as per their requisites. You get 100% unencrypted source code of this exchange script. Customize at your will, and Add/ Edit any feature easily. The exchange script is based on a microservice, and each microservice can be utilized/exchanged with an external solution.

Features of Cryptocurrency Exchange Script

• Robust admin and users’ dashboard
• Secure cryptocurrency transaction
• Premium UI/UX
• Record complete history of cryptocurrency transactions
• Seamless communication between buyer and seller
• Flawless trade of cryptocurrency
• Two-factor authentication
• Advanced Smart contract
• Payment gateway integration
• Instant alert and notification
• Easy to Use Platform
• Reliable cryptocurrency Exchange on Blockchain

What is a Cryptocurrency Exchange Development Company?

Cryptocurrency Exchange Development Company guarantees high-quality services because they use the latest technologies and tools.
The development of reliable and scalable software solutions for any OS, browser, and device. They bring together deep industry expertise and the latest IT advancements to deliver custom solutions and products that perfectly fit the needs and behavior of their users.

Security Features of Crypto Exchange Script Development

• Two-Factor Authentication (2FA)
• DDOs Withstand Ability
• Jail Login Method
• Escrow Management
• Firebase, Firewall Implementation
• End-To-End Encrypted Transactions
• SSL Integration
• Encrypted Crypto Wallets
• Anti-Phishing Software
• Multi-Sig Wallets
• Browser Detection Security
• KYC and AML Verification
• DB Encryption
• CSRF Protection
• Decentralized Data Handling
• IP Login Restriction
• Regular Security Audits
• Face & Fingerprint ID

Create the Best Cryptocurrency Exchange Website Architecture

A basic architecture solution for the cryptocurrency exchange website will include the four necessary steps:
Trading Engine. Without this core part, the whole mechanism cannot work. A trading engine should have unhindered access to the order book, match all the purchasing and selling orders, process transactions, and calculate balances.
Frontend. Your UI ought to be fully configured for quick and smooth trading and transaction processes. Try to make it intuitive and user-friendly for your clients to find their accounts, see all the significant changes in the exchange rates as soon as possible, deposit crypto or fiat money, and place any orders.
Wallet. The electronic wallets for the digital currencies you provide on your website should enable a very quick and easy launching, yet secure operations of withdrawal of your virtual money and converting them to fiat currency.
Admin panel. This powerful dashboard is ought to help the administrator run the trading operations as well as verify processes, create liquidity, and provide helpful and professional customer support.

How Much Does It Cost to Create Your Exchange Website?

Regarding various challenges that you need to overcome while building your own cryptocurrency exchange facilities, it cannot but be a costly process. However, with a smart attitude and much entrepreneurial spirit, you will be able to launch your startup with a very reasonable pricing policy.
Regardless of your choice of software, your perfect team should include a project manager (unless you don’t want to take this position on your own), a platform developer, a QA engineer, an experienced web designer, and a UI developer. The cost of their services will vary significantly, depending on several factors. The most important here is probably your team’s country of location.

Final Words
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