Entrepreneurs can build a secure trading platform for buying and selling Bitcoin and Ethereum by acquiring a Cryptocurrency Exchange Script. They should approach a skilled app development company to achieve their business goals.
The various types of Bitcoin Exchange PHP Script
Progressive cryptopreneurs can leap ahead in the industry by getting hold of a Bitcoin trading script. They can purchase white-label clone solutions of popular crypto trading platforms. A well-versed app development company will provide ready-made trading solutions such as Binance, Bitstamp, Coinbase, IDEX, KuCoin, LocalBitcoins, Paxful, Poloniex, Remitano, and WazirX.
Entrepreneurs can choose from Centralized, Decentralized, Hybrid, and Peer-to-Peer (P2P) crypto trading platforms based on their operational requirements.
What is the lucrative business model of a Cryptocurrency Exchange Script?
The different sources of revenue are a commission on every buy or sell trade, deposit charges, gas fees, listing fees, transaction processing charges, and withdrawal fees. Further, owners of a Bitcoin Exchange platform make money by implementing fundraising campaigns for Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs).
The major expenditure is on conducting KYC/AML verification of all the buyers and sellers, layer 2 upgradation, maintaining the functioning of the blockchain network, and offering rewards to registered affiliates.
Wrapping Up
Above all, there are 11133 digital currencies in the world. 391 exchanges handle trades worth billions of dollars daily. Entrepreneurs can attract both Bitcoin investors and miners by launching a Cryptocurrency Exchange platform. Importantly, the possibility of growth is high as the daily trading volume of virtual currencies is $84.44 billion.
The returns offered from Bitcoin trading are also higher for investors when compared to other assets like bonds, fixed deposits, gold, real estate, and shares. Hence, determined cryptopreneurs can move forward in the market by buying a Bitcoin exchange PHP script from a specialized app development company.
