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Guide to start your own cryptocurrency business

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Starting your own cryptocurrency exchange or brokerage? Here’s an easy step by step guide. Everything from getting licensing & ICO to technology & crypto liquidity explained in simple terms. Mail us at sales@sanfrix.com – PowerPoint PPT presentation

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Title: Guide to start your own cryptocurrency business


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(No Transcript)
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Introduction
  • Looking to start your own cryptocurrency
    brokerage or exchange?
  • You arent the only one! We say this because the
    overall cryptocurrency market is projected to
    reach USD 1.4 billion by the year 2024.

3
  • The blockchain system on which cryptocurrency is
    built has piqued the interest of many, especially
    the Millenials.
  • Theyre reshaping the entire financial trend
    because cryptocurrency offers something
    traditional banks cannot - The heightened
    transactional security, fraud protection, low
    fees, growing acceptance, and decentralized
    systems.
  • In addition, those who dont have access to banks
    can rely on cryptocurrency to exchange and cash
    in almost immediately.
  • Such is the power of Blockchain ensuring growth
    ahead and dominating our future.

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  • But, what does it actually take to start your own
    cryptocurrency exchange or become a
    cryptocurrency broker?
  • Before we get started.
  • Are you going to launch a Cryptocurrency
    Exchange? or a Cryptocurrency Brokerage (Trading
    solutions)?
  • People often confuse the two. Though the process
    of setting up might be the same, the
    functionality is not.

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What is a Cryptocurrency Exchange?
  • A traditional Crypto Currency Exchange is similar
    to Stock Exchange Trading, where a user can buy
    or sell based on the current market price of the
    cryptocurrency.
  • The exchange will act as a middle-man and will
    charge a small fee for each exchange or trade.
  • Some traders exchange FIAT Currency (like USD or
    EUR) for Cryptocurrency, while others exchange
    between two Cryptocurrencies.

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What is a Cryptocurrency Brokerage?
  • With the Crypto Brokerage, your funds are traded
    through a dealers network, as opposed to the
    central exchange and this is also known as Over
    the Counter (OTC) market.
  • This brokerage finds sellers or buyers who
    individually hold a large pool of
    cryptocurrencies and pair them for sale.
  • This is more flexible and more convenient with a
    settlement period that is generally faster than
    that of a crypto exchange.

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  • Now lets look at the steps to get started...

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Step 1
  • Getting a License
  • Once youve finalized the regions you would like
    to operate in, please ensure that you have
    understood the regulations in each of those
    regions and obtained the necessary licenses.
  • The idea of cryptocurrencies still does not go
    well with a lot of countries, the list of
    countries you will have to license yourself in
    wont be very long. Regardless, it is imperative
    that you have a legal expert who has covered this
    for you.

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Step 2
  • Crypto CRM Back-Office
  • An efficient CRM is the backbone of a business.
    Be it a cryptocurrency exchange or brokerage, you
    absolutely must have a robust CRM. One that is
    designed for your business and allows for
    seamless communication and integration with
    various other tools that will be a part of your
    business.
  • Similarly, a unified back-office that can
    communicate with your CRM, crypto trading
    platforms, and the traders room is a must-have.
    This ensures the entire process, right from
    customer on-boarding to everyday operations run
    smoothly.

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Step 3
  • Traders Room / Client Cabinet
  • Traders Room aka Client Cabinet is a platform
    where customers can manage their trading accounts
    at ease.
  • A good client cabinet must have the following
    features - i) Clean and user-friendly
    interfaceii) Simple onboarding processiii)
    Payment integration (For withdrawals
    deposits)iv) E-Walletsv) CRM integrationvi)
    Trading history and comprehensive reports

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Step 4
  • Liquidity
  • In order to gain the trust of potential customers
    in a way that they feel comfortable to engage
    with your exchange, you must showcase sufficient
    liquidity.
  • Partnering with a crypto liquidity provider who
    is able to offer deep liquidity pool is a good
    option for starters.
  • Most importantly, choose a provider who will
    charge you a flat fee and not based on trade
    volumes.

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Step 5
  • ICO funding (ICO and Token Creation)
  • Optional Step Launch an ICO platform to create
    your own coins. You can have your tokens created
    on an existing platform such as Bitcoin or
    Ethereum. Partner with a technology provider who
    can create the ICO platform as well as the
    tokens.
  • This acts as a fundraising platform to attract
    investors who may be interested to buy into your
    offering.
  • Choose a provider who can create a multi-currency
    ICO platform to ensure your future investors can
    either pay with fiat currency or with
    pre-existing digital tokens like ether, bitcoin
    or altcoin.

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Step 6
  • Finding the Right Technology Provider
  • Your ideal technology provider is one that
    provides you with turnkey cryptocurrency
    solutions that are designed to your requirement
    and are pretty much plug play.
  • Choose a provider that can offer Whitelabel
    Crypto Solutions, the ones that specialize in
    developing custom cryptocurrency exchange
    solutions.
  • This will save you a lot of time and money
    ensuring fast deployment in a fraction of the
    cost.

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Step 7
  • Implementing Payment Solutions
  • You need to establish institutional relationships
    with a Payment Service Provider to have the
    payment gateway integrated into your Crypto
    Traders Room / Client Cabinet.
  • Therefore, you must use one that is trustworthy
    and is capable of hosting online payments where
    the speed of transactions, clearance, and
    settlement of funds is not compromised.
  • Also, a payment solution with a low transaction
    rate will offer more traders to your platform.
    Some solution providers may have hidden fees that
    you have to watch out for before you sign a
    contract with any payment processor.

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Step 8
  • Security
  • Given that cryptocurrency is a major target for
    hackers and that the number of cyber-attacks and
    data breaches are increasing day by day,
    implementing the best security practices and
    technology is an integral component of ensuring
    that your crypto business is safe and secure.

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Step 9
  • Going Live Beta Testing
  • Now that you have found the right technology
    provider, figured out your payment solutions, and
    taken care of security, it is time to test your
    site to its full range and explore every aspect
    of it to ensure that there are no flaws in the
    system before you onboard your first customer.

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Step 9
  • Marketing PR
  • Though we mentioned that we wont be covering the
    regular steps that go into setting up every
    business, we would like to add a quick note to
    stress the importance of marketing and PR in a
    cryptocurrency business.
  • Though most exchanges might not initially have a
    marketing budget and use a social media approach,
    it is advisable that you do some digital
    marketing outside of social media to be able to
    build yourself as a brand and put yourself out
    there with the help of the Public Relation
    experts in the industry.

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Step 9
  • Ongoing Operations
  • Once you have successfully launched and are up
    and running, it is important to continue having a
    strategic approach to your day to day activities
    while maintaining ongoing compliance.
  • We stress again on the importance of following
    regulations not only in the jurisdictions that
    you operate in, but also in all the regions that
    your traders are based in.

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Conclusion
  • A crypto brokerage solution provider like Sanfrix
    can cover all the above requirements for you and
    do more!
  • You receive end to end support to start your own
    crypto brokerage or exchange.

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Heres how Sanfrix can help you on this journey...
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  • Sanfrix has initiated several exchanges and
    brokerages from various jurisdictions and can
    help you too, making the entire set up
    hassle-free.
  • We offer deep liquidity with customised pricing
    and execution analytics to make sure all your
    liquidity needs are met.
  • Continued strategic partnership, free
    consultation support and 24/6 customer support
    from our Chief Success Officer.
  • COMPANY INCORPORATION
  • TECHNOLOGY
  • LIQUIDITY
  • CRM
  • BACK-OFFICE
  • STRATEGIC PARTNERSHIP
  • Sturdy CRM customised for Crypto exchanges with
    unified communications, KYC, customer journeys,
    insightful reporting and more.
  • We offer advanced trading platforms, payment
    integration services and all the technology you
    need at an affordable cost.

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Sanfrix Crypto Turnkey Solutions
  • Company Incorporation
  • Brokerage Licensing
  • Payment Gateway Integration
  • Website Development
  • ICO Token creation
  • Consultation Services
  • Crypto Wallets
  • Crypto Trading Platforms (Web, Mobile Tablet)
  • Crypto CRM Back-Office
  • Crypto Traders Room / Client Cabinet
  • Infrastructure Upgrade
  • Custom Development

23
Contact Us
  • Sanfrix can help you with all your crypto needs
    and has helped several crypto exchanges double
    their profits by simply implementing the right
    tools.
  • Question is
  • Will yours be one of them?

65 9860 7215
sales.sanfrix
sales_at_sanfrix.com
t.me/sanfrixltd
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