{"id":3100,"date":"2019-08-14T06:09:20","date_gmt":"2019-08-14T06:09:20","guid":{"rendered":"https:\/\/www.antiersolutions.com\/?p=3100"},"modified":"2019-08-14T06:09:20","modified_gmt":"2019-08-14T06:09:20","slug":"bitcoin-exchange-development-how-to-build-a-bitcoin-exchange","status":"publish","type":"post","link":"https:\/\/www.antiersolutions.com\/blogs\/bitcoin-exchange-development-how-to-build-a-bitcoin-exchange\/","title":{"rendered":"How to Build a Bitcoin Exchange: A Complete Guide","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

People have been asking that question a lot, so here we are with another in-depth article on how to build a Bitcoin exchange<\/a>?<\/strong> If you\u2019ve been thinking about it too, you might find this article insightful.<\/p>\n\n\n\n

A cryptocurrency exchange is a digital assets trading platform. Investment in exchange development has led to incredible revenue generation, as can seen for Binance, which raked in huge profit of $78 million in Q1 2019.<\/p>\n\n\n\n

\u201cIf you have a cryptocurrency exchange platform, you\u2019ll earn a transaction between users regardless of Bitcoin\u2019s current price\u201d. <\/em><\/p>\n\n\n\n

How to start a Bitcoin Exchange?<\/strong><\/p>\n\n\n\n

Initially, you would need a website (a trading platform) and a wallet. Website is where a user will trade his Bitcoins and a wallet is where he stores those Bitcoins.<\/p>\n\n\n\n

You can either go for full-fledged exchange development, which will obviously involve more time and cost, or you can opt for white label exchange development. A white label exchange is a market-ready solution with ready-made backend and database and the privilege to customize the frontend according to your own business needs. White label exchange development saves time and money both.<\/p>\n\n\n\n

The Jurisdiction of the place where you are willing to setup your cryptocurrency exchange business matters so make sure to comply with your jurisdiction. Besides, comply with all the KYC and AML rules and regulations. The best option here is to work in the countries that officially allow Bitcoin as a means of payment.<\/p>\n\n\n\n

Next step in the process of Bitcoin Exchange Development is to list cryptocurrencies in the exchange.<\/strong><\/p>\n\n\n\n

Integrating more than one cryptocurrency will help you gain more audience coverage and high interest to your exchange platform. The process of integration might take some time considering that Ripple, Litecoin, Ethereum, Dash, Dogecoin and other coins need to be integrated manually. You can even create your own cryptocurrency and launch an ICO.<\/p>\n\n\n\n

Many companies like Binance and Exmo provide discount by using their coins as an internal volume. While users benefit from discount, the exchange enjoys high volume.<\/p>\n\n\n\n

Before you dive right into the launching part, here are some important features that exchange software must have,<\/p>\n\n\n\n