In the world full of overgrowing digital technologies, we stumble upon the ideas of cryptocurrencies and bitcoin frequently. For a trading business jock the world of cryptocurrencies is like finding treasure during treasure hunt. That too, leading business personnel who are much ecstatic about developing their own cryptocurrency exchange platform are in a continuous search to find a platform for such development. The cryptocurrency exchange platform is much more crucial for the next generation cryptocurrency businesses which may take the business owner to a new level. Before we talk about technical details let us see what a bitcoin exchange means.
Bitcoin is the basis of digital money ecosystem and its value is mostly stored and transferred among the participants in the bitcoin network. The exchange of the bitcoin takes place in digitized platform where the traders can buy or sell their valued cryptocurrencies including other Alt coins in a decentralized manner(I.e)with out any governing body or intermediates(Decentralized Bitcoin Exchanges) or in a platform where an intermediate person may help in such transactions(Centralized Bitcoin exchange platform).
WHY AND HOW TO START A BITCOIN EXCHANGE PLATFORM
In this digitized world most people prefer cashless transactions rather than cash payment, this reason has made cryptocurrencies more popular mainly among the business sector. The launch and success of the first cryptocurrency, bitcoin transformed the financial sector in a significant way. Many other Alt coins were introduced further upon. Today many are investing in cryptocurrencies and are building their on cryptocurrency exchange platform to allow people to trade. If you are not sure why there is a need for developing exchange platform here are a few reasons
The blockchain technology involving data decentralization and cartography during cryptocurrency transactions makes it highly secure.
User restrictions and pending transactions
There are as many as 1500 cryptocurrencies and the number of exchange platforms is comparatively lower , causing large traffic in existing platforms. This also causes failure in exchanges carried out. Other times, users are restricted due to the same reason leading to several pending user requests to join an exchange platform. By developing/ building your own exchange you can bring possible users to your exchange Platform for trading.
Now lets us have a look at how can you start your own exchange platform
To launch and to run a Bitcoin exchange platform is not a smooth process. It takes time and most importantly current trend analysis. Before launching your platform there is a need to analyze the current cryptocurrency industry and it would be of your advantage if you provide a unique solution to existing problems in your platform with high security. You can hire a bitcoin exchange developer or you can directly buy Bitcoin exchange script for the development of your exchange platform.
BITCOIN EXCHANGE SCRIPT
Where to look for your Bitcoin Exchange Script?
There are lot of online crypto market platform, software selling website who can provide you with Bitcoin Exchange Scrip. In order to have maximum features you need to optimize it 3x times as there is no guarantee for Security. But, its a tedious process involving more time and money. To avoid much inconvenient works, you can opt for ready-made Bitcoin Exchange Script with quality features from a Cryptocurrency exchange website development company.
BITCOIN EXCHANGE SCRIPT FEATURES
Bitcoin Exchange Script contains raw trading script which is usually inbuilt with basic feature to meet the necessity of a quality bitcoin exchange website. The features include structured code, Customer module, Enhanced buy/sell system, authentication system, Trading chart generator etc. For your exchange platform to be more robust among other evolving ones you need to integrate special add-on’s, plugins, API’s.
This is a scenario where the word “competition” exists in the nook and corner of the world. Now is it enough if you launch your exchange platform? No, to drive in more traffic to your platform several business methodologies has to be implemented. Several technical features have to be considered such as
Increasing the security level
Two factor authentication
Encrypted Mail ID
Tracking based on a devise
Admin panel login by IP or device base
Enabled Debug mode
Token Use of KYC
AES encryption Prevention
Integrating a highly secured wallet
Web or online wallet
Removing restrictions based on minimum amount of transaction
Thus involving even small level trading individual
Implementing Decentralized exchange trade
Not involving any intermediate traders
Features for the ease of monitoring
For monitoring transaction easily and effectively
Website enhancement to place Instant buy/sell order
To undergo the buy-sell process dynamically
Faster trade match engine
To pair up the buyers and sellers in an effective way and reducing the time to complete the trade as it will encourage the people to often come to your platform.
Updated cryptocurrency trading methods
Like addition is trading options such as Bitcoin SIP, Bitcoin Margin Trading, Smart Contract Exchange, Trading with digital Tokens and Multiple currency trading pairs.
Users can be provided with multiple language options.
Integrated referral system
Users can invite and introduce a good number of people into the trading platform
HOW PULSEHYIP CAN HELP YOU IN DEVELOPING YOUR BITCOIN EXCHANGE WEBSITE?
Pulsehyip acts as an enabler, so you can market your bitcoin exchange platform effectually in a short period of time with affordable cost. The platform also provides special security features to build a security layer around your cryptocurrency exchange platform. Its provision of 24x7 support, easy customization with affordable cost and no revenue sharing features make it the top cryptocurrency exchange platform development company.
Pulsehyip mainly focuses on customers’ interest and works indefatigably for 24x7 make your business a successful one. Primarily, Pulsehyip team discusses the scope of the project and confirms the project with you. Then the tech team will be presented with the business plan and technical resources will be allocated. Storyboard preparation and designing of all pages based on the module sheet will be carried out. Lastly, Functionality will be executed and delivering a file to live will be carried out.