7 Things You Should Know Before Starting Your Cryptocurrency Exchange! - PowerPoint PPT Presentation

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7 Things You Should Know Before Starting Your Cryptocurrency Exchange!

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Essential steps you should know to undergo for your cryptocurrency exchange software development – PowerPoint PPT presentation

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Title: 7 Things You Should Know Before Starting Your Cryptocurrency Exchange!


1
ESSENTIAL STEPS TO UNDERGO FOR CRYPTOCURRENCY
EXCHANGE DEVELOPMENT
2
The Steps
  • Adhering to legal requirements and obtaining a
    license
  • Generating Funding for your exchange business
  • Partnering with a bank or payment processor
  • Connect with external exchanges to boost
    liquidity
  • Implementing robust security features
  • Live Testing and Debugging
  • Constant Maintenance and customer support

3
Adhering to legal requirements and obtaining a
license
1
  • Before you even bring your exchange development
    process into play, the first and foremost step is
    to thoroughly analyze the regulatory requirements
    based on your operational location and adhering
    to them. And you need to obtain a proper legal
    license for your exchange to operate, to avoid
    future distortions. Another important factor is
    the KYC. You must adhere to KYC norms for your
    exchange for accredited investors and
    transactions. The regulatory framework might
    differ with each location, so it is better if you
    consult with an expert on legal advice before
    commencing your business.

4
Generating Funding for your exchange business
  • The next step is to determine and generate
    approximate required costs for your exchange
    development. The costs involve technology, legal
    formalities, registration, hosting, and initial
    promotional services.
  • Now, the most important point here is, when you
    evaluate costs, you should keep the future of
    your exchange in mind, and save some to rectify
    any error, hassle-free. Make sure you do not miss
    out on any aspect while computing the cost for
    your exchange to avoid future surprises.

2
5
Partnering with a bank or payment processor
3
  • Analyze carefully and choose the right bank or
    payment processor for your exchange, allowing
    customers to open an account and efficiently
    deposit funds. It is important that you choose a
    bank with the lowest interest rate to gain
    credibility among investors over your
    competitors.

6
Connect with external exchanges to boost liquidity
4
  • Liquidity is a crucial factor for any exchange
    platform. You can boost liquidity for your
    exchange by connecting it with a network of
    external exchanges. By doing this, the liquidity
    of the exchanges will be tied together, which
    will eventually increase your volume.

7
Implementing robust security features
5
  • The security of your exchange must be your
    topmost priority. You should make sure to
    integrate advanced, quality security features,
    including encrypted databases, escrow system,
    two-factor authentication, etc., for a seamless
    business experience for both the users and the
    exchange owner.

8
Live Testing and Debugging
6
  • You need to ensure your exchange is tested
    adequately, and any bug issue is identified and
    rectified before making it live to run
    glitch-free and gain trust from potential
    investors.

9
Constant Maintenance and customer support
7
  • The legal laws for crypto exchanges evolve
    rapidly on a global scale. So, if you plan to
    expand your exchange business, it is important to
    hire a legal team to constantly verify and make
    sure your exchange complies with relevant laws.
    Also, you need to have a maintenance team to
    upgrade your exchange based on latest market
    trends. And a support team to answer customer
    queries, help them quickly to deposit or withdraw
    funds.

10
  • These are some of the most crucial steps that you
    shouldnt miss while executing your
    cryptocurrency exchange development. Other than
    this, there are also other processes involved,
    such as marketing, launch campaigns, etc., to
    gain traction from the customers towards your
    exchange.
  • If you develop your exchange from scratch, you
    will have to give in a lot of time, money and you
    need quality technical assistance for a solid
    exchange software. This option is not feasible
    with the constantly growing demand and
    competition.

11
  • What if you can save ample time and money, and
    attain ready-made reliable solutions from market
    experts?
  • That is what whitelabel solutions are all about.
    If you conduct extensive research and choose the
    right company to purchase a whitelabel
    cryptocurrency exchange software, they will offer
    everything you need from quality features,
    technical and security integrations at
    cost-effective prices. Whitelabel solution is
    quick to launch, and you can customize it based
    on your personal preferences.

12
  • CES is one of the recognized crypto-exchange
    software development companies with seasoned
    experts who will offer 100 reliable,
    fully-featured whitelabel exchange solutions for
    your business that will turn around massive
    profits.

13
THANKS!
  • Got Any questions?
  • Contact us via
  • E-mail
  • info_at_cryptocurrencyexchangescript.com
  • Website
  • www.cryptocurrencyexchangescript.com
  • Phone
  • 1(718)-521-4600
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