As we all knew that the number of crypto traders has been increasing day by day, due to the number of cryptocurrency exchanges. One of the popular messaging app "LINE" has started a "BitBox" in the year of 2018 and also "Yahoo" - one of the popular email service providers launched their own crypto-trading platform on May 30th. Initially, this crypto exchange accepts any bitcoin, ethereum, ripple, and litecoin, etc. This exchange has both a website and a mobile application to buy and sell cryptocurrencies. Nowadays, most of the traders are looking for crypto exchange as one of the best opportunities for online business and making more online from home. Because of the popularity of cryptocurrencies.
One of the main reasons behind the hype of the cryptocurrency exchange platform is Bitcoin. It has become more popular across various countries among the business owners, entrepreneurs and crypto enthusiast which excited them to start their own cryptocurrency exchange website from the scratch and also instant platform created with the bitcoin exchange website script
What is the bitcoin exchange website script?
Bitcoin exchange website script is nothing but a custom-made programming code, it is programmed in any of the languages such as PHP, mean stack, javascript, or any other. This script helps you to build your worn crypto-trading website easily in an already existing code with some customization options.
Factors to consider before launching your own bitcoin exchange script:
Here, we have mentioned the few important elements in order to avoid the burden of creating a cryptocurrency exchange platform with the bad exchange script.
Architecture:
For any bitcoin exchange script, security, speed, and recovery are the most important factors which determine that it is the best script. Make sure to read the document to know how the software is structured. There are many ways that a bitcoin exchange script might be structured, moreover, all the exchanges need a wallet module, trading engine, admin panel, and best user-interface.
Generating Liquidity:
One of the most factors that need to consider for any new bitcoin or cryptocurrency exchange platform is the liquidity. Without this, investors won't gain their orders frequently and an empty order book will make scare away the customers. Most of the exchange scripts provide some techniques to generate liquidity. There are basically two ways to generate more liquidity. The one, linking your platform from an account with the other big exchange and you can generate your orders through the other exchanges. The other is creating bots in your bitcoin exchange script that buys and sells cryptocurrency and it helps in creating the order history.
Attractive User Interface:
Intuitive design is the key to provide a good user experience that makes every user want to continue using your exchange platform. Many of the quality exchange scripts include a pre-built UI and also have the ability to customize the interface as per your brand needs. They should also provide the best support for external APIs that provide real-time trading information.
KYC, AML, and other measures to secure your platform:
To keep your recently launched cryptocurrency exchange platform legal, it is crucial for it to be compliant with the regulations. Depends on your target audience and location, the regulations for the crypto-exchange must vary. It is a little difficult to generalize about regulatory compliance. But, most of the countries require KYC (Know Your Customer) and Anit-Money Laundering (AML) for all banking and currency exchange institutions. Any good bitcoin exchange script has an integration of both KYC and AML. So you should verify that how it works on any script you considered.
Why should you build a crypto-exchange website using a script?
Developing a cryptocurrency exchange from scratch takes more time, and effort to do. On the other side, with this script, it will help you to start the development time and also you can customize the entire platform according to your business needs. Which one makes you more comfortable?
Where you can get the best cryptocurrency exchange script?
You can easily find out the best companies that offer the bitcoin exchange scripts. I am suggesting one of the top cryptocurrency exchange development company that provides end-to-end cryptocurrency exchange development services at an affordable cost. There are more companies offering exchange scripts, but one thing you have to be noted down that who has more experience provides a rich-feature platform and highly-secure exchange script.
I am Tim Josh, working as a technical content writer having more than 3 years of experience. My interests are blogging, traveling, and photography.