Simple differences between Crypto Token and Crypto Coins
Cryptocoins are highly encrypted Digital currency that can be used as a form of payment in various platforms. The coin acts like a money such as a unit of account, store of value and medium of transfer. Eg- Litecoin, Bitcoin, etc.
The coins solely act as a money storing the value over time and enabling business to account and pay for services.
Crypto tokens is like a simple digital asset that are mutually Interchangeable and are also easily tradable for Commodities or to loyalty points and is even inter exchangeable to other cryptocurrencies. Tokens are usually hosted on another Blockchain such as Ethereum or waves. These networks has protocols that allows users to create tokens using core coins.
The functionality of tokens is above the digital cash. It may deliver values to investors, beyond speculative returns. Tokens may also be used to hold votes by the community on key business decisions, or even technical changes to the platform.
DApp is an open source platform with on-chain facilities. The programme is usually designed based on the consensus which includes the control of the user community than a single entity. The Dapps get focused on many industry’s which is originated with distributed, transparent and incentive application.
List of ideas for earning through DApp development
Gaming App– Recently, Dapp storage and service is most wanted on the gaming field. Most of the games app are literally based on the decentralized solution. Dapps are specially formulated to prevent any single point failure, they are built on peer to peer network rather than a centralized server. Dapp network also build with a blockchain solution that’s why they are safe and secure and actively used by several industries
Token Offeringsand Crowd sale – In token offerings one who decides to rise to crowdfund by simply exchanging their assets by getting token and then put tokens for sale over exchanges. In the return process, the token can be received through cryptocurrencies and also they can get a share from their ownership of their assets.
Commission for Transactions – Once we own Dapp and people started by using it for buying and selling through digital currencies. Also, can accord a certain percentage for the transaction fees.
Subscription – By operating blockchain exchange, we can easily monetize by offering a subscription. The requirement of the subscription takes place on the time based and usage-based functionality as per the functionality subscription process necessitates.
Advertisements – Earning from advertisements call for easy money making through these channels. Most of the Dapp exchanges is for buying and selling of cryptocurrencies and tokens, which have millions of hits per day.
Premium- If your app is based on gaming, then you can add the model and offer the players a chance go to next level of their game just by buying premium functionality using digital currency.
Donations- If your DApp project is based on solving world issue or is functioning for the social cause, you can put a donate button on your app or can even pass link around social entrepreneurs to donate.
Creating digital goods- The best example would be Crypto kitties, In cryptokittes they developed generation 0 kitties and made the platform users to keep as a collectible. The functional kitties which are unique, viral and trending makes the user to put their money in the digital good as they are able to attract lot customers.
Referral Marketing- Different platforms in the internet today will give you give you a link to their website to promote and depending on the clicks or traffic you are able to send their way, you get paid by them. Trending DApp development company will help you with super services included for the DApp development. Read more about DApp features over here!
Most of the time we start with the concept of what a Cryptocurrency exchange is? But for a change let us start with the basics of what a Cryptocurrency trading is and how an exchange helps with it and then let us speak about the business opportunities in Crypto exchanges development.
What is a Cryptocurrency trading?
Cryptocurency trading involves the monitoring of Cryptocurrency price movements through a CFD trading account and then buying and selling the Crypto coins via an exchange takes place.
Buying and selling cryptocurrency via an exchange– Initially you buy the coins from the Exchange using your Fiat currency and then you store it in the wallet until you are ready to sell.
This is where the Exchange plays a major role. The exchange helps millions of users to trade around the world. During each transaction the exchange owner or the admin gets a transaction fee for facilitating the exchange process.
Reasons to develop an Crypto Exchange Platform
Globally there is a steep increase in the usage of Cryptocurrency and the users need more standard exchange platfrom without much traffic to carry out their transactions.
The entrepreneurs will have the best opportunity to make a come through in the Crypto world
Exchange processes will be a great source of income for the Exchange owner
Developing an exchange with futuristic features will help create a stable platform without more competitive endurance.
Pulsehyip a Cryptocurrency exchange development company has given out successful projects as a leading Cryptocurrency trading script provider. The experienced technicians of more than 10+ years will provide you guidance throughout the process with their agile techniques. Get a free consultation for your project sooner!!!
A crypto wallet is a computer programme (software) that enables the storage, transfer of Cryptocurrency. The wallet allows the user to handle the public and the private keys and it interacts with various blockchain to enable users to send as well as receive the cryptocurrency.
Types of Wallets
Desktop Wallet
This type of wallet can be downloaded on PC or laptop for the use. But externally when the computer is been hacked this will make the user to lose their funds.
Internet Wallet
Internet wallet service can also be called as online wallet which can be accessed from multiple locations with the help of an Internet connection. The user need to choose the service carefully since this type of wallet is prone to scams.
Mobile Wallet
Mobile wallets involves the use of application in the Mobile. Its much safer and will have easy user interface compared to the other wallets. But if the mobile gets lost or undergoes any damage then the user may lose their fund. There are numerous wallet app development companies who will facilitate the customized Crypto Wallet app development
Hardware Wallet
The hardware wallet are gadgets used for the storage purposes such the USB drive. The transactions in these can be carried out in both Online and offline mode. This type of wallet is highly convenient for the users to carry out the transactions. Eg –Trezor hardware wallet.
Paper Wallet
Paper wallets involves the physical printed version of Public and Private Keys. It will be printed on a paper or engraved on a metal plate. One of the limitation in this type of wallet is that, once the paper wallet is lost the user won’t be able to restore or access to their funds.
Which type of wallet should you use?
Generally speaking, the wallet you want to use is based on your needs. For long term storage of your coins you can go for the Hardware wallets. Software wallet provided in the form mobile applications is a solid choice for every day use. The custodial wallet like binance can be used for trading. So, the type of wallet you use is completely based on the way you like to store your Crypto coins.
Basic tips
There is no specific wallet that can store every type of Crypto coin. So based on the coins you use, you need to choose your wallet carefully.
Storage of ERC- 20 Tokens can be absolutely carried out in a ERC-20 friendly wallet like My Ether wallet, Trust or coinbase wallet.
Look out for browser extension malware if you are using online wallets.
If you do not have enough space in the harddisk do not use Full node wallet. The full node wallet downloads the complete blockchain of a coin and keep it updated.
PULSEHYIP is a the top cryptocurrency wallet development company which with the help of its skilful developers will help you to launch your uniquely developed Crypto wallet. The company provides innumerable added features to help you make an app fulfilling the future requirements. Get a free demo if you have a project on your mind.
The Crypto networks are evolving at a high speed because of its significant increase in user count. The Ethereum network is one such, where the budding Crypto business enthusiast make an attempt to initiate their business through ICOs. The tokens play the main role in this and thus the many token standards are released with unique features to based on the investor and owner’s requirements.
ECR223 is one of the token standards with high efficiency, improved speed and security. It can also be said as an modified and improved version of ERC20. Until now, all the token standard created have followed the ERC20 convention- which was a huge relief for the investors and owners as ERC20 follows a set of standard rule. Like said above, the ERC223 is an improved version of ERC20 that makes it compatible with all the wallet and software that supports ERC20.
The advantages of ERC223 has to be considered which includes the increased speed due to the decentralization of its processes and its unique and adaptable structure which gives out results that is best suited for all the transactions; makes it entirely special.
What is ERC223?
The ERC223 is another type of Ethereum Standard that has quality features like better functionality, seamless transaction proceedings, minimum consumption of GAS etc. Its advantages makes it as a vehicle for all those entrepreneurs who wants to give their startup a perfect beginning. Technically, ERC223 is not much different from any other token that’s been introduced in Ethereum Platform.
Normally tokens are transferred in two different ways depending on how you intend to send, either by sending the tokens directly to a wallet by using call “transfer” or you can delegate the transfer through Smart Contract using call “approve” and then triggering “transferfrom” from the receiver contract, in order for it to be aware of the transfer and to handle it accordingly (approve+ transfer function is important while sending tokens through smart contract).
But people sometimes may send their tokens to smart contract just using “transfer” function mistakenly. The transaction may appear as successful but the smart contract will not be able to process the transaction.
These tokens will not be accessible as there will be no specific function present to withdraw them from the contract. Gladly, this issue is handled by the ERC223. With ERC223, the user can send their token to either “wallet or contract” with the same “transfer” function. There by removing the confusion and probability of losing the tokens.
The Proposed Transfer Method
The ERC223 also called as the superset of ERC20 that has additional parameter to check whether the destination address in a transaction is a smart contract. If so, the token “fallbackfunction” is triggered in the smart contract. This function enables the return of token’s to the senders account if there is any mishap.
The developer of the smart contract has to imbibe Tokenfallback function in order for this procedure to work properly or else it fails.
Advantages of ERC223
ERC223 tokens has took its own place because of its ability to eliminate the disadvantage of other tokens. The benefits of ERC223 includes:
Security of the tokens: Because of the updated transfer function users will feel the ease of transferring without any fear of losing the tokens.
The smart contract developers can reject incoming tokens of unsupported types.
Less expensive transactions: Implementing a single transaction to send tokens to contract instead of two, requires very less energy (GAS).
Conclusion
The ERC223 token standard is a solution with much defined functionality. The prospect of this token is much larger because of its mechanism. Use of ERC 223 for smart contracts can make businesses much better. It reduces the confusion and provides the users what is much required. This token is thus a indication of evolving Crypto world for the better life in a small as well as big businesses.
Why Pulsehyip?
Pulsehyip, a certified Ethereum token development company, has successful and happy clients based on its services. Our experts are much well versed in providing the required services of our clients. The other services includes development of ERC20, ERC1400, ERC721, ERC82, ERC621 etc.
Ethereum network allows P2P interaction where every peer stores the same copy of blockchain database . The DApps rely on Blockchain in order to store data, thus avoiding any external intrusion to either alter with or steal critical data.
Ethereum Token Development
Ethereum token are digital assets that are build on the top of Ethereum Blockchain. Ethereum token development involves the process of developing Ethereum tokens with different smart contract standards like ERC20, ERC 721, ERC 223, ERC 1440, ERC 82, ERC 621 etc.
These kind of etherum tokens can be used for Crowdfunding for a business (ICO), Security token Offering, DApp development, Decentralized Exchanges etc.
Smart Contract Development
Self executing digital contracts called the smart contracts is significant factor to any blockchain based networks. In other words it is a computer protocol that facilitates the verification and the enforcement of contract between the individuals without the need for any third parties. The transactions carried out through smart contract is tracable and irreversible.
This ensures security in the transactions between two unknown parties. It removes the problematic procedure involved in the lengthy paper work, third party involvement, resulting fradulunt activities and additional costs.
Services of Pulsehyip
Our Ethereum developers help in designing and developing dApps. Our professionals will notify the user activity, components involved in the dApp. Also, we will explain the private blockchain and public blockchain data along with the latest technology. We are also renowned among Entrepreneurs, Business personnel and many start-ups for the development of ERC standards such as ERC 20, ERC 721, ERC 223, ERC 82, ERC 621 etc. Our experts are good in developing customized token for any standard ERCs, throughly based on customers needs. Also our experienced Ethereum developers understand the available API’s in-depth and can integrate any web or mobile applications with Smart contracts and different e-wallets.
Crypotcurrency Exchange Development is increasingly getting popular among the Crypto Entrepreneurs. There are several successful exchanges at present that can be kept as a model for the Crypto exchange along with several added features based on the current trending requirements which will make the launch and run of the exchange platform more successful.
There are several Crypto Exchange development companies, with whose help the development of an exchange platform becomes much easier. Pulsehyip is one such experienced Cryptocurrency exchange development company. The services provided includes exchange development via Clone scripts such as
Get a free demo for the development of the exchange platform based on the successful models of Exchange. Get a free consultation if you are in need of our services!
In this competitive world, clone scripts are the current trendy business in which everyone stands over. Many entrepreneurs and business startups seek for the clone scripts to build their own website. Pulsehyip is the Bitcoin & Cryptocurrency Exchange Script development company that offers the best clone software or scripts of many famous exchange websites by developing a new unique clone script based on the client requirements.
What is Poloniex Clone Script?
Poloniex is a complete crypto-crypto exchange platform. Though there have been many exchanges available, Poloniex is the one that always found to be the first and best exchange among all Exchanges. Poloniex offers modern trading options that includes high security for traders. Thus, it has been in the top in search list of many traders.
Among that, only few traders who own some cryptocurrency will prefer in developing a website similar as like exchanges in Poloniex. When compared to other exchanges, Poloniex will not support to buy cryptocurrency in exchange to fiat currencies. It entirely supports only crypto to crypto exchanges.
Why Poloniex?
As a known fact, Poloniex exchange is one of most popular and largest cryptocurrency market platforms in the crypto world. It offers huge count of trading in Bitcoins. To know about Poloniex, it was founded by Tristan D’Agosta in 2014 and has its headquarters in San Francisco. At the beginning, the platform have built for the US market but as days went off, it have grown with its popularity and enhanced trading sales figures attract the trading all over the world.
The main reason to prefer crypto exchange similar as Poloniex is that it is user-friendly and best to utilize than other exchange scripts. The poloniex exchange include three main features like Buy order, Sell Order and Stop limit rule. Due to this advanced roles, Poloniex is chosen for trading to reach wide traders.
Features of Poloniex
Poloniex is an open-source exchange that execution of trading interface codes can be viewed by traders.
Poloniex exchange includes many effective data analysis tools to maintain its security.
It supports main features like an exchange, lending, margin trading and many more.
Poloniex exchange helps the traders o learn and analyze the trading in an easy way.
Poloniex get its acceptance across global exchanges in which anyone can utilize it for trading only when the country don’t have any restrictions against cryptocurrency and its trading.
Are you eager to launch an exchange website like Poloniex?
For that, it is obvious to find out the best one to acquire the quality technology services with fair cost.
How Pulsehyip Support to build like Poloniex Website?
In that way, Pulsehyip has a team of developing experts who are experienced in building the best crypto exchange scripts. We furnish crypto clone script to initiate your exchange business based on your desired website clone like binance, bittrex, bitfinex, Bitflyer, bitstamp, Poloneix, OKex and many more.
We provide 24×7 support to build and enhance your Poloniex clone website to improve the performance and its ranking. Get support from our experts for website customization and support.
The ERC1400 is a token standard introduced by Polymath alongside other external contributors. This token standard impose regulation for security tokens by implementing jurisdictional laws from around the globe. It even applies off chain data to transactions to include the important real world input and authorization.
With these elements being incorporated into the security token smart contract the users may experience:
Transparency- The capacity to reverse, force, and check the transfer status makes the journey of the tokens completely transparent to the marketplace to provide confidence in the system, to enforce regulatory requirements and to avoid unwanted activities.
Streamlined due diligence- Standardization ensures that stakeholders like exchanges and custodians no longer have the duty to complete technical due diligence prior to on-boarding the asset.
Expanded range of supported assets- Broad range of current and new financial assets like publicly traded equity and bonds, traditionally non-liquid assets like private placements, real estate, artwork as well as new synthetic baskets or mutual funds are supported very well.
Improved user Experience- It helps the investors to easily understand why trades fail and what’s need to remain compliant.
Ability to modify on and off-chain transaction parameters and meta data, validation of on chain transactions by Inducting signed data, Compliance with ERC-77 and ERC20 standards are other usage of ERC1400.
Bitcoin is the world’s first cryptocurrency which was developed in the year 2008; it was given as a reward to the process involved in Mining. Apart from mining, the ways people tried to get Bitcoin in the earlier days was through trading on forums and Internet Relay Chat. This kind of exchanges completely depended on each party fulfilling their side of the deal. Then the development of an exchange platform sprung up and the first cryptocurrency exchange platform came live in March 2010. The first launched platform was Bitcoinmarket.com which is now defunct.
As years passed by the Bitcoin became quite popular, and the mining process became more difficult. The process of mining at least one bitcoin has become more complex. Some countries started to give attention to it positively and but few other countries started banning it stating it as an illegal business/tax evasion. The success of Bitcoin gave a reason for the launch of other Cryptocurrencies such as Ethereum, Ripple, Altcoins, etc.
This is the short history of bitcoin exchange platform development. Furthermore, in this article, you will get a complete idea about how you can develop a Cryptocurrency exchange platform and all the basic details you need to know about Crypto exchange development. Crypto exchange platform is gaining momentum in its growth as well as the number of users count these days. So, it will always be fruitful to launch an Exchange platform.
A crypto exchange platform is a market with the provision of services such as enabling users to buy and sell the Cryptocurrencies based on their requirements but charges a commission for successful transactions. The commission received becomes the main source of income for the owner of the platform.
The Income of a Platform Owner
One best way to earn Cryptocurrency is through the development of a Cryptocurrency Exchange trading platform. The platform owner doesn’t have to risk anything and based on the volume of trades, the commission for the platform owner gets added up.
The platform owner will not only benefit from the trading fee but also other sources of income such as from listing fees and Dark pool trading. The listing fees include the fees as a reimbursement for the addition of currencies which is have not been listed earlier and Dark pool trading involves the private trading which does not provide transparency, here huge investors and venture capitals make use of this platform to exchange assets at a reasonable price and the exchange platform will collect fees for these trades separately.
Other reasons to develop a Cryptocurrency exchange platform
Launching and running a Crypto exchange platform will be similar to starting a corporate from scratch. Even though it is little complex there valid reasons to start an exchange platform.
The increase in the value of cryptocurrencies
Increase in the number of users across the world
Higher volatility in the crypto markets
You may have doubts whether the higher volatility in the crypto market may affect your business. There is no business without riskier terms. If there is volatility in Bitcoin then the market of other coins will also change. Will it be good for you? It completely depends on you. The market volatility provides opportunities for the traders and stabilizes the daily volume of the Cryptocurrency exchange platform. Only those holding a long term investment will lose. But as the owner of the platform regardless of the volatility of the crypto market, you’ll be able to earn from transactions carried out by the users.
Steps to Start a Cryptocurrency Exchange Platform
The exchange platforms allow transaction or trades to take place in these forms:
Local fiat to Cryptocurrency
Cryptocurrency to Cryptocurrency
Types of exchange platform which is currently present
Centralized exchange platform
Its a traditional form of exchange where a middleman will facilitate the transactions between the users and in this kind of exchange platform the trading fee will be near to 0.1-0.5%. The centralized exchanges offer higher liquidity even though security still is a problem in it since the user’s private key for their exchange account wallet cannot be easily accessed and will be controlled by the centralized authority.
Will have high trade volumes compared to DEX
Enables Fiat to crypto trades
Has high functionality
Decentralized exchange platform
Decentralized exchange platform which is also called as DEX does not involve any middle man and the platform does not hold the funds of the user and serves only as matching engines for traders. DEX offers high security from hacks owing to distributed nodes. Examples of DEX includes Bitshares, Cryptobridge, Bisq, etc.
Hybrid Exchanges
The hybrid exchanges involve combinations of both centralized and Decentralized exchange platform. This type of exchange is built to overcome the limitations in both the centralized and decentralized exchange platform. This helps to ensure that no third party holds and maintains custody for user’s funds.
So, based on your requirements choose the right type of exchange platform you want to develop.
Market research
Market research is one of the important strategies to make a business successful. The current market analysis helps to gain more insight about the limitations in the existing platform and helps to add more features on technical ground basis. Obtaining the big picture of the trending market helps to analyze who you will be competing against locally and globally. You can analyze these using Crypto calendars such as Coin desk, CoinTelegraph, Coin Idol, etc.
Target Audience analysis
In any business finding the suitable target audience is important as it will help to take the business to the next level. In the crypto world, it would be easy to work on those countries which have officially accepted Cryptocurrency for payment options. It would make all the process easier if jurisdiction is selected before company registration as it is important for accepting fiat money. Many countries such as the list given, will be a good target for your Exchange platform development. The countries including Switzerland, Gibraltar, USA, UK, Japan, Singapore, Luxemburg, Bermuda, Estonia, Belarus, Venezuela, Malta, France, Iceland, Australia, Brazil, Liechtenstein, Barbados, Solvenia, Hong Kong, Dubai, Georgia, Germany, Few countries in South America are top priority countries.
Once you have set the jurisdiction to find the competitor’s exchange in that particular Jurisdiction. Analyze the different attributes they offer in order to top the competition. Always remember competitor analysis is crucial.
Regulations in the chosen jurisdiction
Assess the regulation of the countries selected in order to avoid any lawful issues. Launching your platform in the cryptocurrency-friendly countries will help to dynamically expand the users in the countries.
Hiring a legal Team to Counsel
Once the target is been analyzed and the Regulations are being assessed you can select a committee to ensure the exchange Platform development is on the constructive path. To make sure the safety, you can introduce KYC in your exchange platform to while you qualify the users in your platform. This will help to reduce the risk on your end to minimal. Also consider Anti-money Laundering before registering your company.
Gather the funding for your Project
Analyze the complete budget to bring your project to live. In order to set up your own cryptocurrency exchange approach an experienced Cryptocurrency exchange development company. Your budget should be based on the cost of technology, Cost of solution provider, Cost of Government and its regulations, Initial advertising, etc. Make sure the funds also cover the futuristic attributes of your projects in the long term.
Building a Cryptocurrency Exchange platform
There are three ways by which you can develop an exchange platform.
White label solutions- Many cryptocurrency exchange platform development companies provide white label solutions where you can buy the White label software and customize the platform based on your needs.
Open source solutions- Open source software or platform development can be shared freely, used transparently, and is developed for the communities good rather than owning a platform like a Business or a company.
Custom software development- In this way, you will be building a platform from scratch but it needs more work compared to the former ones.
In order to develop a platform, you will need the right set of Crypto Exchange developers to develop a standard platform. Even if you are so good at programming it will take time.
But you can instantly launch an exchange platform by getting a ready-made script from a Bitcoin and Cryptocurrency exchange script providing company. This will save the amount of time and money spent on developing the platform on the whole.
Pulsehyip is a robust Cryptocurrency exchange platform development company which allows you to develop your platform at an affordable cost. Once you have decided on things about the above features move on to the technical part of the Exchange platform development.
Important Features to be embedded in an Exchange platform
Initial Exchange Offering Module
Its just like ICO’s but will have Crypto exchange platform as the middleman. Its a crowdfunding strategy used by most of the startups and enterprises. Unlike ICO, in IEO the exchange platform will provide the tokens to the investors on behalf of the startups looking to raise funds.
Security token Exchange
Security token exchange is a platform that facilitates buying and selling of security tokens for the investors. Getting the security tokens listed in the exchange platform features will you help to attract a large number of investors. As an increasing number of firms have started to adopt Security tokens, it will be profitable on your side. The major features of STOs such as Major boost of global investor pool and high security and transparency of their investment records will help to boost the user mass of your platform.
Trading Bot
Trading bots makes the trading on the exchange platform more simple without the need for the user’s “continuous watch” to trade because of the works of Trading bot on behalf of the user’s cryptocurrency exchange . This will positively impact your platform.
Investor dashboard
Investor dashboard will give a clear idea about investments made by the investors. The complete record of all the investment activities done by the investors will help the users to analyse their investment portfolio.
Issuer Dashboard
You can develop your own Admin panel with advanced Platform management systems to manage your platform.
Leverage Trading
Here, the traders on a platform can borrow certain amount of money from the exchange that controls the investor’s trading account. This will help the investor to profit from both price fluctuations and difference in the exchange rates.
Referral Program
To increase the number of users of your platform you can include referral program such as an affiliate program carried out by popular exchange platforms like Binance, Coin base, BitMEX etc.
Multi language support
Including this feature on your platform will help you to attract more native people from different countries
Mobile applications
Developing mobile applications for your exchange platform will help to increase your market among mobile users because of the increased user count of android and iOS.
Multicurrency wallet
The multicurrency wallet development such as Bitcoin, Ethereum, Litecoins etc will help in the to drive more traders to your platform.
Matching engine
The matching Engine facilitates matching a buy and sell orders of trader.
Improved Security features
Include two factor Authentication using Google passcode, Multiple ID for KYC/AML attributes, Manual processing of large amount of transactions from the Admin side, Build a firewall for in order to detect a malicious activity, Provide authorized and protected access to the users, Notifications about any suspicious activity to the Admin and Always backup your data now and then. Other technical features include Administrative notifications if there is any inadequate activity, Availability of User log file and, Regular calculations on transactions.
Pulsehyip is a major cryptocurrency application development company which builds applications with enhanced attributes for Android and iOS.
Payment processing
For the conversion of fiat currency to cryptocurrency, you will need a payment processor such as a bank. With the help of a payment processing partner and payment gate-away API, the users will able able to add or withdraw funds as they want. You can impose a reduced transaction fee in order to top the competition.
Liquidity management
Liquidity is a significant factor for the success of an Exchange platform. Higher trading volume, Greater acceptance of the currency, the number of Crypto exchange platform drives the liquidity factors. In order to manage the liquidity of your exchange platform, you will have to integrate other existing platforms to your cryptocurrency exchange’s liquidity position. This can be carried out through modern API interface that helps to share liquidity and trade volume data between two exchanges. Being in a crypto exchange network will also help to increase liquidity.
Provide 24X7 Customer support
This features will ensure that you have happy users and will also help to support the budding traders of a platform. In case of any discrepancies for the users, the customer support option will play a vital role.
Arrange a team to handle legal compliance
If you are about to launch your platform in various countries then this process is important, the legal team will help to analyze and sort out all the legal issues you may face and will help with the laws of various jurisdictions. They will also help you to handle the emerging laws in a country.
Publicizing your Platform
You can start marketing your exchange platform by using Crypto calendar like Coin Desk, Coin Telegraph or you can go for advertising in social media, forums, and through Google. Discussing in well-know Communities such as Bitcointalk, Crypto talk will help you you gain popularity along with the introduction of your platform to various messenger like a telegram, Reddit, Slack, etc., The major impact of your business will be from social media, so never forget to include it in the list. Also, email marketing will allow you to increase the user number of your platform.
How Much will it Cost to Start a Crypto Exchange Platform?
In order to develop a crypto exchange platform, one needs to know all the information regarding the development of a platform from the scratch. Not only that the platform owner should have an extensive knowledge about platform he is about to develop but also should be ready with the needed features in his platform based on his/her current trend analysis.
To develop a platform you can hire a developing team but the ultimate cost of this process will be overbearing. Instead, you can choose to acquire a Cryptocurrency exchange website script from a Cryptocurrency exchange platform development company which would cost you -4x of the cost of developing an exchange platform from the developers.
Pulsehyip is a cardinal Cryptocurrency exchange development company which will help you to develop your exchange platform at a reasonable cost. The ready made script allows you to launch your platform dynamically with revolutionary features.
Pulsehyip 