7 Things You Should Know Before Starting Your Cryptocurrency Exchange!

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ESSENTIAL STEPS TO UNDERGO FOR CRYPTOCURRENCY
EXCHANGE DEVELOPMENT
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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

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Adhering to legal requirements and obtaining a
license
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• 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.

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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.

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Partnering with a bank or payment processor
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• 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.

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Connect with external exchanges to boost liquidity
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• 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.

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Implementing robust security features
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• 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.

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Live Testing and Debugging
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• 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.

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Constant Maintenance and customer support
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• 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.

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• 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.

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• 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.

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• 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.

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THANKS!

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