Hey buddies, are you looking for the easiest way to deploy a crypto trading platform? Why wait long in this fast-paced, technology-driven modern world? It is not a tedious task with the development of a cryptocurrency exchange script. This blog is about what is crypto and some popular white label crypto exchange cloning scripts available in the market.
Here’s what you need to know about cryptocurrency
Cryptocurrency is a tradable digital asset based on Blockchain technology. In effect, there are thousands of cryptocurrencies that can be traded and traded.
The very first digital currency is Bitcoin. Since its inception, many other Altcoins have emerged. Some of the major ones are Ethereum (ETH), Litecoin (LTC), Cardano (ADA), Polkadot (DOT), Bitcoin Cash (BCH), Dogecoin (DOGE), Binance Coin (BNB), and Tether (USDT).
Notably, the government does not regulate or manage cryptocurrencies as their accessibility is controlled by peer-to-peer networks.
Cryptocurrency exchange, an overview
It is a trading platform that acts as an intermediary for buyers and sellers. The crypto technology embedded in this platform allows users to trade different cryptocurrencies, which include digital currencies and fiat currencies, in a safe and secure manner. The central authority, like the bank, does not govern the payment transactions made on this platform.
Moreover, cryptocurrency has become mainstream as most people have started using it to make payments for goods as well as services. Considering this, the United States government put in place a rule that cryptocurrency transactions would be tracked. Similarly, many countries take different approaches to regulation.
Take a look at the different types of cryptocurrency exchanges
Here let me briefly explain the different types of cryptocurrency exchanges.
Centralized cryptocurrency exchanges would act as a third party, connecting buyers and sellers for transactions. This type of software offers two options: crypto-to-crypto trading and fiat-to-crypto trading. Apparently it’s safer. Some popular software of this type are Coinbase, Kraken, and Gemini.
Unlike the previous one, decentralized cryptocurrency exchanges do not necessarily involve third parties or intermediaries as they support peer-to-peer transactions. People have started to prefer decentralized platforms for some prevailing reasons instead of centralized platforms. A prominent example of this type is Airswap.
This type of exchange arises to overcome the shortcomings of centralized and decentralized platforms. However, the benefits involve faster transactions and security attributes to hold private keys. A popular example is Qurrex.
Top 5 White Label Cryptocurrency Exchange Cloning Scripts
For the laymen, the Cryptocurrency Exchange Clone Script is a pre-built solution that will be ideal for entrepreneurs who want to get into the crypto business. It is well-equipped with features, ensuring typical capacity and seamless exchange of digital assets such as Etheruem (ETH), Litecoin (LTC), Ripple, Bitcoin, etc.
Here are 5 popular white label cryptocurrency exchange scripts prevailing in the market. Take a look there.
Localbitcoins is a peer-to-peer crypto-trading platform with the implementation of an escrow system, which is a wallet containing the digital asset or fund before it is transacted from one person to another. This platform is decentralized, therefore, secure transactions are assured.
Localbitcoins Clone Script is a pre-built cryptocurrency exchange script solution with outstanding security attributes and features like multi-currency support, KYC and AML compliance, multi-coin support , real-time price tracking and many more essential features.
If you are the one who is so fascinated with launching a decentralized cryptocurrency exchange platform, Localbitcoins Clone Script would be the best choice ever. Thanks to this, you could be an early bird to inhabit the crypto space with innovations.
Binance is the end-users’ choice for trading cryptocurrencies, including Cardano, Neo, and other popular ones. This platform offers the benefits of faster transactions, support for multiple digital currencies and low fees. In terms of trading volume, it is the largest crypto trading platform.
Thus, a Binance Clone Script is a working recreation of Binance as it is well-designed with salient features as well as support for multiple cryptocurrencies for trading. With the necessary personalization.
Coinbase is the easiest and safest platform to buy and sell cryptocurrencies. Moreover, these can be safely stored in the wallet, which supports pounds, euros, dollars, and several others. The built-in smart tool feature will allow users to get updated alerts regarding the value of cryptocurrencies.
Coinbase Clone is a customizable cryptocurrency exchange script solution with an easy to use interface as well as adaptable features. Moreover, it contains security attributes, guaranteeing secure transactions. This intuitive platform with the element of customization is what makes it so impressive because entrepreneurs can get it in an economical way.
Poloniex is one of the trustworthy cryptocurrency exchange platforms supporting custody. Additionally, it supports trading over 300 tokens and 450 market pairs. In order to get better results on investments, users can use built-in features like trading robot etc. Day by day active users of Poloniex are increasing and so is its popularity.
Poloniex Clone Script is a pre-built solution with essential components including Liquidity API, Trading Bot, Trading Console, Security Token Exchange, Atomic Swaps and Payment Gateway Integration crypto. This solution would be the best choice to gain a firm foothold in the booming crypto industry.
Bitstamp is a user-friendly and well-known crypto trading platform based in Europe. It supports exchange between bitcoins and fiat currencies. Also, supporting other digital currencies.
Bitstamp Clone Script is a centralized crypto trading solution designed and developed in a way to provide increased security for transactions. Multi-currency support and multi-language features would make this platform accessible to global audiences. Go for the development of cryptocurrency exchange scripts!
The growing popularity of cryptocurrencies has become one of the reasons why entrepreneurs have entered the world of crypto with their platforms. Undoubtedly, there will be a lot of leeway as people have started using it even to buy goods and services in day to day life.
Are you one of the aspiring cryptopreneurs? These are the 5 white label cryptocurrency exchange scripts that are lucrative exchange platforms available in the market. If you want to get started, contact the blockchain development company that has experience in providing the best cryptocurrency exchange script that will meet your needs.