A cryptocurrency exchange platform or digital currency exchange (DCE) platform is an exchange where we can buy or sell cryptocurrencies in online platform. So, users can trade them using electronic monetary units, fiat currencies, or other digital assets. Dollars, euros, pounds, yen, and yuan, for example, are fiat currencies, Digital assets are any assets that exist electronically, such as domain names, files, virtual property, or digitalcurrency.
A cryptocurrency exchange platform may be an online entity that exchanges transferred money and digital currencies electronically. It might also be a physical ‘bricks-and-mortar’ business that exchanges digital currencies and uses traditional payment methods.
Different Cryptocurrency Exchange Types
Cryptocurrency exchanges are online platforms where traders can exchange one cryptocurrency for a fiat currency or another cryptocurrency. In other words, it is either like a currency exchange at a bank or airport or a stock exchange.
Below are the definitions of the most common types of exchanges:
Direct Trading Platform
This type of platform offers P2Ps trading between sellers and buyets. In other words, buyers and sellers deal directly and not through an exchange platform.
There is no fixed market price in this type of trade. Sellers typically set their own exchange rates.
Traditional cryptocurrency exchange
These are similar to a traditional stock exchange. Buyers and sellers base their trade on the current cryptocurrencies’ market price. The exchange, therefore, plays the role of intermediary.
Check the Bitcoin Exchange Script Salient Features for Cryptocurrency Exchange Platform Development
Cryptocurrency Exchange Script Features
Admin Features
Analytical Dashboards
Trade Pair Management
Feedback System
Dispute Management
Organize Risk Management
Post Buy/Sell Ads
Currency and Language Settings
User Features
Spot Trading
Atomic Swap
Payment Mode
Mobile Trading
View History
Recent Orders
Security Features
DDoS Mitigation
Escrow Managment
Two Factor Authentication
SSL Integration
AML Verification
CSRF Protection
Salient Features of our Crypto Exchange Platform
Admin Console
UI/UX Branding
Order Book with Matching Engine
Customer Management System
Document Management
2-Factor Authentication
System for KYC/Verification
Wallet Management System
Block Confirmation tracking
ERC20 compatible
At Coinjoker, we have all set of desired blockchain experts with in-depth domain knowledge and rich experience, who delivers Incredible development solutions to begin your crypto exchange journey with Cryptocurrency Exchange Script. Whether you want to build your exchange platform from scratch or to leverage white label exchange development solutions, we can help and assist you. We offer customized crypto development solutions to help you accomplish your business goals and make a way for your long term success.
