More than 2,300 businesses in the United States alone use bitcoin and other digital assets for transactional, operational, and investment purposes.
It’s no wonder that many individuals and businesses are jumping on the opportunities offered by cryptocurrencies. One such crypto opportunity is to create your own exchange platform with a cryptocurrency trading script.
What is a Cryptocurrency Exchange Script? Why do you need your cryptocurrency exchange script? This article will take you by the hand and help you along this professional journey.
Do you know what cryptocurrency exchange is?
Cryptocurrency Exchange refers to a trading platform where crypto traders buy and sell cryptocurrencies and other digital assets.
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So, think of a cryptocurrency exchange as an intermediary between two trading parties. The buyer and the seller must go through this platform for an exchange or a transaction.
So what are the types of cryptocurrency exchanges available?
Types of Cryptocurrency Exchange
Here are the types of cryptocurrency exchanges you need to know about:
Centralized Cryptocurrency Exchange (CEX)
As the name suggests, a centralized exchange has a central authority that controls the transaction.
Thus, traders deposit their funds on the platform and then the central authority (admin) initiates the transaction process.
Software like Coinbase, Gemini, Bitfinex and Kraken use this model.
Decentralized Cryptocurrency Exchange (DEX)
Unlike CEX, the decentralized cryptocurrency exchange allows sellers and buyers of crypto to trade without an intermediary or third party controlling the funds or initiating the process.
Uniswap, Pancakeswap, Cosmos, Etherdelta and Airswap use this model. It is a preferred medium of rapid exchange with the start of peer-to-peer transactions.
Hybrid Cryptocurrency Exchange (HEX)
This form of exchange integrates the advantages of centralized exchange and decentralized exchange to form a platform with better functionality.
This therefore means faster and more secure transactions without third parties involved. Examples of these platforms are Stoxum, Nash and Qurrex exchanges.
Peer-to-peer (P2P) cryptocurrency exchange
It is a form of DEX that allows its users to transact directly with each other without third parties.
Anyone who trades on the site uses the specified rate. Here, the admin gets profit from every successful transaction.
What is a Cryptocurrency Exchange Script?
A cryptocurrency exchange script is an advanced, ready-made website trading script designed to allow you to establish your cryptocurrency exchange platform in the shortest possible time.
With a cryptocurrency exchange script, you have access to:
- easily customizable interface design
- high level security
- ready-to-use white label solutions
- advanced technology stack, among others.
These features are designed to help you run your crypto exchange smoothly.
With this information about cryptocurrency exchange scripts and platforms, why do you need your own cryptocurrency exchange script?
Get your cryptocurrency exchange script
You intend to deploy your cryptocurrency exchange platform for your business.
Before now, you would need to find a designer to create the interface you desire. Then find a developer to build your dream platform from scratch and test it to make sure it’s good enough to use.
This process and others could take 9 months, to say the least, and cost upwards of $100,000 depending on what you want.
But now a white label cryptocurrency exchange script provides you with the cryptocurrency exchange software you need to get your platform started quickly without high costs.
Why Choose a White Label Cryptocurrency Exchange Script:
You get a profitable and easy branded exchange platform with exchange software. You get 100% source code and documentation that can be used to build your platform according to your needs and preferences.
- Easy exchange and liquidity
Multi-currency support helps your users trade with crypto and fiat currencies. Easy access to preferred liquidity providers that instantly fill your order book.
The Exchange software has built-in Know Your Customer (KYC) features. This helps you moderate users’ access to trading on your platform.
Moreover, multilingual support helps you create a top-notch trading platform that is all-inclusive.
As a business owner, you want to create that exchange platform that matches your goals and delivers the same to your customers.
Buy your cryptocurrency exchange script and watch your dream platform come to life while you focus on marketing.
Co-founder at CCTech