How to Build a Cryptocurrency Exchange: 5 Keys Features
The crypto market is always buzzing with activity. Even though more than half the world is still unaware and unsure of the digital currency, it hasn’t stopped others from showing their love for crypto. This, of course, led to a good number of entrepreneurs turning to the crypto market to try their luck. They want to create a crypto exchange and make their presence felt in the limited market space.
Ethereum, XRP, Litecoin, Tether, etc. are some well-known
cryptocurrencies in the market. Even those who are not aware of the
crypto market and trading have heard the term Bitcoin a handful of
times. With crypto gaining popularity, entrepreneurs can use it to
The major companies like Binance, Kraken, Coinbase, etc. have a lot of members who are actively trading on the exchanges. So why not create a similar exchange platform to attract traders, existing and new? That’s what entrepreneurs are doing. They are looking to buy crypto exchange software from reputed software developers to build a comprehensive and secure platform for the users.
saves them the time and money required to create an exchange from
scratch. Be it adhering to the local regulations, making sure that
the exchange platform is secure, or getting approvals from the
respective authority bodies, taking the assistance of software
developers is a safer option.
having the basic information is crucial for entrepreneurs to
understand how the crypto exchange will work. In this post, we’ve
listed five key features every exchange platform should have and
provide to the users.
up/Sign In Feature
is essentially the start point for every user who wants to trade on
the exchange. The sign-in feature acts as a security gate that
prevents unauthorized access to users’ data. The sign-in has to
have the highest security protection (apart from the regular sign-in
ID and password) and two-factor authentication so that no one other
than the users can log in into their respective accounts.
Your Customer (KYC) is a user verification process in which the
identity of every user is verified and double-checked. This prevents
fraudsters and cybercriminals from impersonating others and using
their names for illegitimate activities. This also makes sure that
the exchange is transparent and provides the required protection to
users’ information. The user accounts that haven’t yet verified
can be restricted from performing certain transactions (involving a
huge amount of money).
and Withdraw from the Crypto Wallet
crypto exchange script,
they are buying a lot of features that are already coded in the
script. The crypto wallet is one such feature that is essential for
every exchange. Users can add money to the wallet, use it for trading
cryptocurrency, and withdraw money added to the wallet. This is also
known as an e-wallet and is similar to other digital wallets we see
in the market. The crypto wallet allows users to deposit and withdraw
money/ cryptocurrency outside the exchange as well.
is the main reason users sign in with a crypto exchange. Considering
the volatile nature of the market, users are constantly creating
transactions to buy, sell or exchange cryptocurrency on the exchange.
The success of the exchange depends on how smooth and stress-free
this process is for the users. The backend system has to enable users
to complete the transactions in less time and without any glitches or
Panel for the Backend
now, we’ve seen features that are essential to attract users. What
about providing support to employees who handle the backend?
Entrepreneurs need to buy
white label crypto exchange that
offers an admin panel/dashboard for the employees to monitor the
trading, accept or reject access requests, track new user accounts,
and make sure that nothing goes wrong on the exchange. The high-level
access will be retained with the employees to avoid complications.
from what has been mentioned above, many other features complete a
crypto exchange. Entrepreneurs can also ask the software developers
to include new and improved features that will become the USP of the
If you are planning to buy crypto exchange software, Antier Solutions can help. We are renowned for providing a white label crypto exchange solution fortified with market-leading features like high TPS (100,000 transactions per second), instant KYC and AML, highly-secure multi-currency wallet, robust admin panel, and more. In addition, we specialize in building a custom crypto exchange from scratch.