Cryptocurrency Exchange development

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Cryptocurrency Exchange Development

• A Simple Guide to Develop your Exchange Platform

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Cryptocurrency Exchange Platform

A crypto exchange platform is a market with the
provision of services such as enabling users to
buy and sell the Cryptocurrencies based on their
requirements but charges a commission for
successful transactions. The commission received
becomes the main source of income for the owner
of the platform.
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Steps to Follow

• Analyzing the type of Exchange you want to
  Develop
• Centralized ExchangeIts a traditional form of
  exchange where a middleman will facilitate the
  transactions between the users
• Decentralized ExchangeDoes not involve any
  middle man to facilitate transactions
• Hybrid ExchangeCombo of both centralized and
  Decentralized Exchanges

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Market Research

Obtaining the big picture of the trending
market helps to analyze who you will be
competing against locally and Globally.


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Target Audience analysis

In crypto world, It would be easy to work on
those countries which have officially accepted
Cryptocurrency as payment options.It would make
all the process easier if jurisdiction is
seleted before company registration as it is
important for accepting fiat money.
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REGULATIONS IN THE CHOSEN JURISDICTION

The Assess the regulation of the countries
selected in order to avoid any lawful issues
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Hire a legal team to Counsel

• Once the target is been analyzed and the
  Regulations are being assessed you can select a
  committee to ensure the exchange Platform
  development is on the constructive path.

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• Gather the funding for your project.
• Your budget for your project should be based on
  the cost of technology, Cost of solution
  provider, Cost of Government and its regulations,
  Initial advertising, etc. Make sure the funds
  also cover the futuristic attributes of your
  projects in the long term.

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• Building a Cryptocurrency Exchange Platform
  through
• White label solutions
• Open source solutions
• Custom software Development

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Payment Processing

For the conversion of fiat currency to
cryptocurrency,you will need a payment processor
such as bank


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• Liquidity Management
• In order to manage the liquidity of your Exchange
  Platform you will have to integrate other
  existing platforms to your cryptocurrency
  Exchangess Liquidity position.

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• Provide 24x7 Customer support
• This features will ensure that you have happy
  users and will also help to support the budding
  traders of a platform. In case of any
  discrepancies for the users, the customer support
  option will play a vital role

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Arrange a team to handle legal compliance
The legal team will help you to handle
the emerging laws in a country
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Publicizing your Platform

• You can start marketing your exchange platform by
  using Crypto calendar like Coin Desk, Coin
  Telegraph or you can go for advertising in social
  media, forums, and through Google. Discussing in
  well-know Communities such as Bitcointalk, Crypto
  talk will help you you gain popularity along with
  the introduction of your platform to various
  messenger like a telegram, Reddit, Slack, etc.

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How much does it cost to develop an Exchange
Platform?
To develop a platform you can hire a developing
team but the ultimate cost of this process will
be overbearing. Instead, you can choose to
acquire a Cryptocurrency exchange website script
from a Cryptocurrency exchange platform
Development company which would cost you -4x of
the cost of developing an Exchange platform from
the developers.
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Good luck!

• We hope youll use these tips to go out and
  deliver a memorable pitch for your product or
  service!
• Company name - Pulsehyip
• Watsup- 91 6384088485
• Mail - talktous_at_pulsehyip.com