Are you planning to start your own cryptocurrency exchange platform?

When we look at the most influential development in recent times, the first thing that comes to mind is undoubtedly cryptocurrency. People have made huge profits by investing in cryptocurrencies like Bitcoin and more at the right time. Many have also managed to prosper simply by providing investors with a cryptocurrency exchange platform to trade cryptocurrencies.

Setting up an exchange is pretty easy. but you need to know a few basic things before you start your own exchange.

Let’s take a look at them –

Do you mean the target audience?

One of the most important things to consider before building any business platform is to define your target audience. The same here.

If you are planning to start a bitcoin exchange platform, the first thing you need to analyze and figure out is the audience you are going to target.

For example, in the case of Bitcoin, you can target both local and global audiences. So you need to figure out what your target audience is and then plan your development process. Why is this important? Well, you will learn about it in the following chapters.

Do you understand legal terms?

The second thing you need to consider is the legal terms you will need to follow.

There’s a lot of buzz about the legal aspects surrounding cryptocurrency, but you might be surprised to learn that 96 countries still have no restrictions on Bitcoin transactions.

Therefore, creating a cryptocurrency exchange platform targeting these countries may prove to be a better idea.

Remember to always carefully study the legal guidelines applicable in the region where you plan to operate from.

Do you have a partner bank?

Another thing to keep in mind is that you will need a partner bank. The simple reason for this is that you are going to deal with financial transactions.

In order for financial transactions to be carried out smoothly and without problems, you need to ensure proper support in the form of a partner bank.

Therefore, you need to contact several banking institutions to see if they can help you and understand their terms and conditions.

Do you have the right platform development partner?

The most important step in the process is finding the right expert to help you develop a secure platform. Why we specifically mentioned the term safe is because the huge popularity of cryptocurrency has made these exchanges the first target for hackers.

To prevent your reputation from suffering due to something unwanted, you need to focus on creating a secure platform. You can easily achieve this by hiring an experienced developer who knows the ins and outs of the industry.

For example, they can test the platform by simulating a malware attack and see how your cryptocurrency exchange platform stands up.

Conclusion

This last point summarizes the main points you need to keep in mind when you are planning to set up a cryptocurrency exchange platform for yourself. Once you get the answer to these questions, you can easily continue development and generate revenue.

But remember to take all the necessary legal, compliance and security measures if you want to be in this game for the long haul.

So, are you up for it?

How cryptocurrency trading software helps grow your crypto platform

Cryptocurrency trading software package is an integrated system to manage all aspects of cryptocurrency trading platform, such as all kinds of buying, selling, exchanging, lending, MLM and affiliate management, conversion, comparison and real-time market analysis, etc.

Important features to consider:

Buy, sell and exchange: Nishue is an impressive trade management system that offers your users a smooth and secure methodology to easily buy, sell and exchange cryptocurrencies.

Lending System Management: This system is quite convenient for brokerage, has a system to manage the crypto lending service, such as creation, offer management, maintenance and moderation, etc.

Unique Admin Module: Nishue features a secure and advanced admin module that gives you end-to-end control over your cryptocurrency exchange.

Individual Client Profile: An individual client profile module that helps your users easily track and verify all open deposits or withdrawal orders, entries, transactions, etc. with one click of the mouse.

MLM and Affiliate Management: These marketing-ready automation tools make it easy to manage affiliate commissions, investment history, and level-based paperwork.

Market Comparison and Converter: Two additional systems have been integrated for real-time crypto comparison, conversion and in-depth analysis.

How cryptocurrency trading software helps grow your crypto platform:

Coin Deposit and Withdrawal: Crypto traders have to support huge deposit and withdrawal requests on a daily basis. Trading software helps you manage your activity with an auto-tuning algorithm.

Coin Package and Lending Offer: Keep a variety of coin packages and lending offer at your customer’s fingertips. You can create, manage and promote your offer with a well-designed package.

Level Commission: Are you following an MLM strategy to reward eligible affiliates and worried about setting their commission? Ok, it’s ready to automatically calculate their commission by level.

Notification and Risk Management: Every crypto trading platform should organize a push notification system to keep themselves and their clients aware of the many alarming issues and thus help to mitigate risk. In this case, the system project is completely ideal.

Multiple Payment Gateway: You can integrate your cryptocurrency wallet, local currency, Payeer system Even mobile banking as a payment method in this software to make your transaction hassle-free.

Daily, Weekly and Monthly ROI: You are concerned about maintaining ROI as you said. This cryptocurrency trading management software can automatically calculate ROI, commission and more according to your instructions.

Free Responsive Website: It should integrate a fully responsive, SEO optimized dynamic website with our system and it is completely free. This will help you run your business smoothly.

Crypto Comparison, Conversion and Depth Analysis: Crypto market cap and two-fold coin converter have been integrated for crypto comparison, conversion and depth analysis

100% Secure System: The trading software is designed with high security concerns in mind. This cryptocurrency trading software uses Integer secure framework, two-factor authentication and many other security systems.

The ultimate package exclusively for spot cryptocurrency trading that allows users to trade Bitcoin, Bitcoin Cash, Ethereum and Litecoin through Coinbase. Built on the same technology that powers Nishue software, it includes proven, market-leading tools developed over 25 years to provide both professional and active cryptocurrency traders with a better experience than what is currently available time offer other solutions for trading only crypto.