How to set a cryptocurrency exchange platform ?


A cryptocurrency exchange platform is a digital marketplace where traders can buy and sell cryptocurrencies using different fiat currencies. A cryptocurency/bitcoin currency exchange is an online platform that acts as a medium between buyers and sellers of the cryptocurrency.

Setup Process :

Plan where to Start:

Decide where you want to run your cryptocurrency trading business,Are you going to run internationally or fix yourself to a specified area.Laws and regulations change from place to place.So,consult with legal expert regarding the licensing and compliance with local laws and regulations.

Learn the laws:

Review and learn all the regulations and compliance in the area where you are starting your exchange business.Almost all governments require entities which are involved in the currency exchange business  to the Know Your Customer (KYC) norms. KYC is the process by which a business verifies the identity of its customers through government issued ID cards or passports. KYC is mainly carried out to reduce money laundering.

Make Partnership with Banks:

Make partnership with Banks or payment processor for fiat currency payment process.Choose a trustworthy bank among all the banks.

Increase Liquidity:

Every exchange needs high volume of activity in market to run successfully.Startup Exchanges always face liquidity issues.Customers will constantly increase only in high liquidity exchanges. 

Provide Security:

Ensure high-grade security for both exchange operator's and trader's funds.A good exchange should provide a secure transaction details,KYC  and customer's private details like bank account details,etc.,.

Enhance Customer's Support:

Providing 24 X 7 customer's support team to process on KYC details,customer's complaints,transaction details,deposit and withdrawal of fiat currency.Customer support can make your user engage on your exchange and also increase more customers.

BITDEAL:

Bitdeal helps you building a best cryptocurrency trading platform.They provide you a unique cryptocurrency trading websites software or script to setup your online cryptocurrency exchange with all time customer support .

Comments

  1. steve4417 June 2020 at 03:43

    If you also want to set up the cryptocurrency platform then you need to know some of the Best Cryptocurrency options which offers the many trading platform for making the real money.Bitcoin is one of the secure currency where anyone can earn the money through the casino games and trading platform as well.

    ReplyDelete

Post a Comment

Popular posts from this blog

Popular Programming Languages for the Development of DApp

Image
Here let us look at some of the programming languages that are used commonly to build dapps on various blockchain platforms. 1. Solidity Solidity is the most popular and standard programming language for developing dapps on the Ethereum Blockchain network. Above its popularity, there are occurs many issues while designing with this language. To program smart contracts that are many new languages are in development which can overcome the use of Solidity . 2. Vyper Vyper is a much simpler language when compared to solidity. This experimental language increases security,  auditability  and simplicity by making the programming code as easy for readability. Vyper is most limited, that is many features such as  inline assembly, operator overloading, modifiers, class inheritance, binary fixed point,  recursive calling and  infinite-length loops which are supported by solidity is not supported by Vyper. 3. Simplicity One of the potential language for the development of dap
Read more

How to build a Dapp on TRON ?

Image
“ The secret of change is to focus all your energy not on fighting the old but on building the new .” — Socrates, father of Western philosophy . Of course . Focusing  on the new innovations to make an effective change is better than sitting back and solving the issues in old systems.  It has paved a good results in many incidents and industries .  Blockchain technology is also moving ahead with new innovations to make it more efficient and effective .  This resulted in the birth of DApps, DApps on ethereum , DApps on EOS platform and now DApps in TRON network too . I think TRON is not an unfamiliar word for all of us who are updating ourselves with new innovations in crypto world. Right ? TRON is a blockchain network launched for the establishment of a truly decentralized Internet and its infrastructure by a Chinese entrepreneur Justin Sun . Gather a lot more information about TRON and TRX from our previous article : What is TRON? and How To Build a dApp On TRON? 
Read more

Solana NFT Marketplace Development Company

Image
  Solana Ecosystem - An Overview Solana is the decentralized ecosystem that works primarily on the Proof Of Stake Consensus Algorithm with an ultimate motto to tackle scalability issues which are programmed to handle 1000 transactions per second. It is not just limited to NFT Marketplace Development that also supports Dapp Development, Smart contract Development or any other crypto projects, etc. How Does Solana Take Part In NFT Race? The NFT Wave has made a strong impact in the Cryptocurrency Industry and many big players of the market have launched their own NFT Marketplace and there is no surprise in the intervention of solana in the NFT space.  Degenerate Apes was the first NFT in the Solana Blockchain. Those are the customizable NFTs ranging in various degrees from glasses to sandwiches. The package of 10K apes sold in just 10 minutes for 66 million USD. Top NFT Marketplaces on Solana 1. Sollectify Sollectify is the Creator based NFT Marketplace where one can buy, sell, trade art
Read more