The popularity of cryptocurrency (coin) as a means of payment worldwide has increased rapidly in recent years. In such a promising market, investors always want to look for opportunities to get big profits. Because of this, the need to make cryptocurrency exchanges and fiat exchanges will continue to increase. In such a trend, creating a trading platform to buy and sell Bitcoin is much better than trading. By being an intermediary, a business can earn a lot of profit. Vakaxa provides consulting, designing and building white label Bitcoin exchange software service based on the model of Kenniex exchange, Remitano or Binance
What things do you need when making a white label Bitcoin exchange software?
Before the trading platform goes into operation you will need to consider the scope of the exchange, it will work on a country or many countries. This is necessary because you will be required to receive the necessary approvals according to the scope of activities.
Project budget is an extremely crucial step. You won’t do anything without money. Because of this, you have to estimate the capital before creating the Bitcoin exchange.
- Determine the time to build the exchange
Determining the time for the project is an indispensable part, it will influence the attraction of traders, as well as the market.
- Regulations and compliance
Cryptocurrency is a new market and almost all governments worldwide prohibit the use of cryptocurrency and exchanges. If you want to develop a cryptocurrency exchange software, your business will be required to comply with KYC standards. This means you will be asked to receive documents to verify your client’s identity and keep records. This is necessary to eliminate the possibility of money laundering through cryptocurrency transactions.
In order to comply with the regulations, it is important to integrate customer verification APIs in the trading platform and develop an auxiliary database to keep appropriate records.
To be able to transfer cash payments to cryptocurrency, you will need an intermediary to process the payment, such as a bank.
With the help of an effective payment processor intermediary and bank payment gateway API, you will be able to provide users with the ability to add and withdraw money as they wish.
Liquidity is an important issue for the success of the Bitcoin trading platform. The liquidity of the exchange is a very important thing, if there is no liquidity, it means that the exchange does not exist. To manage liquidity on your trading platform, you will need to integrate your cryptocurrency trading platform with other existing exchanges. This can be done with the help of APIs, sharing of liquidity data and trading volumes between the two exchanges.
- The listed coin on the exchange
According to Coinmarketcap, there are more than 1500 coins operating in the market. In fact, the rate of introduction of new cryptocurrency skyrocketed with the introduction of the Ethereum platform, providing the ability to create a new cryptocurrency without much trouble. In the era of competition, it is important to determine the amount of cryptocurrency that the exchange will support.
This is an important part of trading tools that play the core role of any platform. It is essential to perform transactions, calculate balances, access orders and match all buy/sell transactions on the exchange. Setting up a trading tool must be a priority while building a cryptocurrency trading platform.
The user interface is the face of your trading platform, which is the main user part of the exchange. Be sure to build a friendly and intuitive interface with a minimalist method to deliver a great trading experience. Streamlined buttons will help increase simplicity, making it easier for users to execute trading orders. While building this component make sure that it has the following functions:
+ Register and log in
+ Deposit /withdraw money
+View orders, transactions, balances, statistics, charts, etc.
+ Support feature
The multi-currency wallet is essential for pre-coding trading floors. All tokens / encrypted money will be stored in the user’s wallet. Developing a wallet solution with enhanced security will help develop trust between your users and your cryptocurrency trading platform. A wallet is an integral part of the trading platform server with the help of a script or API that matches the purpose.
The administrator console helps administrators or exchange owners manage the various activities of the Bitcoin trading platform. The console features can be customized to specific business requirements, but in general, all administration dashboards must have the option to edit transaction fees, manage cryptocurrency lists, add applications. New currencies, debit / debit into the wallet and solve support issues
- Choose a reputable developer
The development of a cryptocurrency trading floor with little error and handover of products on schedule is not easy. You should remember that in order to reduce costs and save time, you will need a group of experienced developers to participate in many previous projects.
Many people looking for unreliable developers that cause a system failure or hacker attack will not support or support, it is expensive. Because of this, you should choose an experienced partner.
Designing and making white label Bitcoin exchange software like Kenniex
Kenniex exchange is an exchange of Vietnam based in Ho Chi Minh City. Currently, Kenniex exchange is one of the 4 major trading platform of Vietnam providing a trading platform as well as a trading cryptocurrency with Vietnam dong. From there, customers can exchange Bitcoin and Ethereum to VND or vice versa.
The main features of Bitcoin trading platforms are like Kenniex exchange that Vakaxas provide:
Coins will be supported:
Page for visitors
- Bitcoin (BTC)
- Cardano (ADA)
- Stellar (XLM)
- Bitcoin Cash (BCH)
- Dash (Dash)
- Ethereum (ETH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Monero (XMR)
- Ripple (XRP)
- Zcash (ZEC)
- EOS (EOS)
- Tether (USDT)
Page for users
- Lading page
- Information about the exchange
- Registration and login functions
- Change language
- Register / Login
- Personal information
- Dashboard, inform users
- Account information page
- Track the system
- Transaction history
- TWO FA
- Support for common currency pairs
- Real-time chart
- Put trade orders like call, put, calculate win or lose after placing orders, automatically paying interest into accounts.
- System risk notification, account authentication
- Features required by guests
Manage account information
- Transaction history
- Change the account information
- Change the password
- Track password
- Manage account wallet
- Total number of users
- Total number of visitors
- Total number of current visitors
- Total number of visitors
- Profit of currency pairs
- Manage recharge times
- Manage withdrawals
- Manage member
- And many other advanced features
Why choose Vakaxa as a partner to develop trading platforms like Kenniex exchange?
With Vakaxa experts with knowledge of blockchain, cryptocurrency, and load balancing in large systems, it is possible to speed up your trading platform. With this, any business can deploy a cryptocurrency trading website or a cryptocurrency exchange without the hassle of understanding the technical aspects.
Every project we do, Vakaxa is completely confident with your most complex and demanding requirements. The Vakaxa’s developer team used to make Bitcoin trading platforms like Remitano, Santienao Kenniex or more advanced Binance, Bittrex … The experiences accumulated from those projects brought about Give us a thorough knowledge and understanding of the errors encountered during the development process. You are completely assured when you come to Vakaxa because we always advise and offer the best solutions and advice for your project.
In order to see Vakaxa’s demo, please contact us by one of these methods below:
VAKAXA TECHNOLOGY JOINT STOCK COMPANY
>> See more: The best bitcoin cryptocurrency exchange software development company
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- Website: https://vakaxa.com/
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- The best bitcoin cryptocurrency exchange software development company
- Vakaxa designs website of Bitcoin, Ethereum, Altcoin exchange software in Vietnam