Every cryptopreneurs dreams to make a successful revenue by starting their own cryptocurrency exchange platform.
As far as cryptocurrency exists there will be a necessity for cryptocurrency exchange too. If we are planning to generate revenue from the cryptocurrency exchanges then we should deliver a top-notch cryptocurrency exchange platform to the users for more ROI and conversions.
There are some essential elements a cryptocurrency exchange should have. We will discuss that feature here
Features a Cryptocurrency Exchange should own
-
Secured Authorization & Verification
-
Trade Engine
-
Higher Liquidity
-
Holding Powerful APIs
-
Eye-catching UI/UX
-
Futuristic Admin Panel
-
Notifications & Alerts
-
Wallet
Secured Authorization & Verification
Verification is one of the major factors to be considered in cryptocurrency exchanges for avoiding the situation of scams.
To keep the environment secure, a cryptocurrency exchange should provide Two-factor authentications and additional security features as possible
Trade Engine
The trade engine will carry out the processes of
-
Price
-
Commissions
-
Transaction possibilities
-
Matching offers & biddings
-
Accessing order books
Liquidity
Cryptocurrency exchange with higher liquidity will allow the users to initiate trading quickly. The cryptocurrency exchange which comes with higher liquidity will indicate itself as a wealthy and steady market.
API
A cryptocurrency exchange should contain a robust set of APIs that combines to real-time markets, managing accounts, and more technical functions.
A crypto exchange can possess APIs such as
-
Web Sockets
-
Rest API
-
Trading Bot APIs
-
Merchant API
-
Liquidity API
Friendly User Interface
Naming UI as a feature is not a correct word, yet it
contains every aspect of the exchange which will directly connect with the user.
Providing a legible and interactive UI will result in more users and gives chances to freshers who are unfamiliar with crypto trading.
Next Gen Admin Control
An admin panel will be required to uphold the overall operations of the cryptocurrency exchange. An admin panel should have the essential options like:
-
Editing trading fees
-
Managing cryptocurrency listing
-
Credit/Debit functions
-
Support for issues.
Notification & Alerts
Providing push notifications and Alerts for your users will keep the users engaged with your exchange. With these features, you can stay connected with your users by alerting them about information, offers and trade tips, and cryptocurrency exchange promotions.
Multi-purpose Wallet
The wallet allows users to store, send and receive virtual currencies. The wallets should be integrated with multiple cryptocurrency acceptance.
With these features, a business or cryptopreneur can get high ROI and greater users which can make your exchange platform stand out from the competition. Approach a top-notch cryptocurrency exchange development company like bitdeal to get an industry-leading cryptocurrency exchange script.
