How to start a cryptocurrency exchange platform like Binance?

[Edwardcullen]

Many cryptocurrency exchanges are available in the market. But, Binance is the popular & traditional bitcoin/cryptocurrency exchange platform, there are millions of active users in that crypto exchange platform. Why do most business people like to start their own cryptocurrency exchange software like BInance, the reason is a lot of unique features available binance. Are you interested to start your cryptocurrency exchange platform like Binance, call @ +91 9500575285, get your own binance clone script and launch your cryptocurrency exchange platform.

[JamesRight]

Binance is one of the leading cryptocurrency exchange platforms that provides services to crypto traders across the globe. There are many advantages that users of this platform get such as various offers, low trading fee and flexible user interface. Because of all these attributes, Binance made blockchain technology widespread and more attractive to users.

What makes traders love Binance exchange?

Flawless performance for trading
Available for all traders
Safety and stability to users
Support in multiple languages
Increased Liquidity (able to process 1,400,000 orders/second)
Compatible with multiple coins

These features make the Binance platform adaptable for maximum number of users.

Binance

This platform has proved itself worthy on various fronts, it has given an opportunity to the investors to trade safely with lots of options and profits as well. Its mechanism is capable enough to handle a high volume of users and it has never made a news for security breach. Therefore, it is an exemplary platform for all the aspirants who want to make it big in this domain through their own cryptocurrency exchange.


There are a few things that you need to pay attention to, if you want to make an exchange platform just like Binance.

Roles:

Users– Users need to just log into the application of exchange and start trading cryptos. They will be able to use the wallet to deposit, exchange and withdraw the tokens.

Administrators– One who takes care of whole business operations including security, user management and setting etc.

If you are planning to launch your own crypto exchange and want to make it like binance, there are some necessary features you have to equip your platform with:

1. 200+ trading chart support

2. Secure Crypto Wallet

3. Multiple language support

4. Compatible UI/UX for all devices

5. Bug-free environment

Sign in/ Sign up
Signin/Signup is the most basic functionality which should be robustly integrated into the mechanism. It should be developed in a way that the response time is minimum and results are better. It should be able to save the entire platform from phishing attempts and all types of unauthorized logins.

KYC Verification
It has now become a necessary practice for exchange platforms, every user must be verified. With the verified users, you can ensure that the transparency level is high and possibility of fraud is minimum.

AML Validation
The Anti-Money Laundering (AML) verification has become essential now. It is also helpful in ensuring transparency in transactions prevents the suspicious activities to take place in the platform.

Deposit/Withdrawal Wallet System
It is very important for the traders to have seamless trading channel which allows them to deposit and withdraw money. This functions ensures that this happens without any errors.

Transactions Dashboard
With this feature, traders will be able to take holistic view of their trade, they will be able to execute every single transaction without an error. It helps the users in choosing among various alternatives and makes each one of them feasible for trading.

Trade Analytics with 200+ Charts
It is indeed a very helpful feature that allows the users to create graphs and charts for better analysis and prediction about the prices or trends.

API Integration
This feature allows users to create their bespoke trading system and choose the language for the platform.

Admin Panel
This can be used by the business owners to track every user’s trade and also to monitor the site modification.

Secure Architecture
It is essential to build a crypto exchange platform which can prioritize security. It is not just limited to the transactions but also to the methods used for storing coins.

There are dedicated channels deployed make the key components of the exchange to communicate with different servers.
Dedicated secure servers are used for safekeeping the encryption keys.
There is an estimated time which could be taken for building a platform like Binance. There are different segments in which the development process will take place.

• Management & Requirement Analysis – 240 Hrs

• Prototyping & Wireframing – 700 Hrs

• UX Design & UI Integration – 350 Hrs

• Web Application Development – 1200 Hrs

• Requirements as per the country – 700 Hrs

• QA Testing – 220 Hrs

If you stick to the stipulated time for every task and finish the project within the deadline, you will definitely be able to make a platform like Binance.

If you also want to develop website like Binance, Coin Developer India can help you achieve that. We have a team of dedicated professionals who can take care of each and every aspect. We have been giving excellent products to our clients across the globe, contact us to get any type of crypto-based service.

https://www.coindeveloperindia.com/exchange-software-development

Call and Whatsapp any time at : +91 7014607737(Whatsapp)