Why use Cryptocurrency Exchange Software?
Aside from high-level security, cryptocurrency software is further optimized for integrated wallet support and third-party integrations. You would also find inbuilt here several liquidity providers, hundreds of tokens, and multiple security checks for undertaking profitable online trading. Cryptocurrency exchange platform besides being highly scalable and customizable offers as well a reporting module for tracking user activity and transactions.
Benefits of Using Cryptocurrency Exchange Platform
With the growing popularity of blockchain technology, cryptocurrency exchange software to has become popular. Here are some of the benefits that would help you find out the reasons behind the popularity of these platforms.
- Referral programs for new customers
In the best cryptocurrency exchange software, you would find an inbuilt referral program system for potential clients/customers. As a result of this option, it is possible to send referral links that let new customers join for new trades or signups. End users too earn some profit in the form of rewards such as trading fee.
- Support for multiple currencies
The best cryptocurrency exchange software provides support for multiple currencies as well as blockchains, which can be hosted individually on different servers. In other words, the platform is flexible enough to integrate itself well with APIs of multiple blockchains/currencies.
- Scalability for accelerating transactions
Bitcoin exchange software supports high scalability for covering its fast-increasing customer base. This helps with accelerating the transactions done throughout. Along with scalability, the software also requires minimal maintenance and can be deployed easily in a cloud environment.
Cryptocurrency exchange software helps configure crypto/crypto and crypto/fiat market directly with the admin module. Some other modules that also provide high flexibility to different exchanges are minimal tradable amounts and trade fees.
- Admin portal for easy task management
The admin portal looks after all administrative tasks like walkers, user listings, reports, profiles, configurations, and trade. This admin portal in cryptocurrency exchange software can be configured to suit all types of currencies, markets, trading fees, taxation, and spread. It is because of such advanced customizations available that the software is highly adaptable to the market situation.
- Services for exchange development
Services for exchange development cover both market and limit orders. Cryptocurrency exchange software offers a complete package for different order types in order to help end-users meet all their trading goals. Trades are available too for the following order types- conditional, margin, limit, and stop.
- Module for automated payment
Automated module for payments makes possible the availability of payment gateway integrations as well as fast withdrawals/deposits. Integration support is also available for varied external exchanges.
- Contract trading for managing risks
Contract trading for managing risks helps with the easy handling of both short and long-term contracts for easy distribution with high liquidity. This feature is easy to use and supports code extension for advanced VS.
Key Security Support Features of Cryptocurrency Exchange Platform
The high growth in the number of users of crypto exchange platforms has brought along with it threats of different kinds. It is for this reason that in the best cryptocurrency exchange script, there are multiple security settings available. Let us go through a list of such security modules.
- HTTPS authentication: Secured tokens for HTTPS authentication
- Jail login: Jail logins for preventing those from logging in that have multiple failed login attempts.
- Data encryption: Data transmissions are completely encrypted for greater security
- CSRF protection: Cross-stitch request forgery protection for blocking users from doing unwanted activities
- DDoS: Anti-denial of service for high server requests
- SSRF protection: Server-side request forgery for protecting internal systems from web threats
Core Support Features of Cryptocurrency Exchange Software
Crypto entrepreneurs looking forward to investing in bitcoin exchange software need to ensure that the platform supports the right mix of features for adequate quality and profits. You can follow the list of features enumerated here for future consideration.
Built-in into the exchange software are multiple liquidity tools for ensuring full order books from the very start of the listing day. These tools include APIs for external exchanges, DSOs, and market makers. End users are further free to include services from external providers for marketing services.
Cryptocurrency exchange software's trade engine helps with the matching of orders of buyers/sellers at the available best price. Different types of orders like limit and market too are included within this module. In short, this feature is best for order routing and order management.
Cryptocurrency exchange scripts provide wallets for multi currencies. This option helps ensure not just quick transactions but easy storage of all types of multi currencies. Further attached to the integrated wallet system is multi-signature cold storage for protecting crypto funds from external accesses.
As said that you can use cryptocurrency exchange software for quick transactions, the fund's management module ensures that end users have the option of manually controlling flat transfer processes. What's more, is these payment processing platforms can be integrated with banking interfaces for faster fund management.
Business crypto exchange software supports multiple token systems. These include ERC223, ERC20, NEO, NEM, EOS, and ERC777. You would hence find support in cryptocurrency exchange software for Waves and Ethereum based tokens.
Organizational ledgers offer an admin panel for giving a consolidated review of transactions made so far. It is because of such filters within cryptocurrency exchange scripts that admins are able to monitor and assess every transaction for compliance.
KYC module is important for managing user trust and identity. KYC automation is an important feature for it helps with maintaining the trust of clients and debarring non-KYC users from taking part in trading activities. This module makes cryptocurrency exchange software completely secured and you can integrate it easily with screening APIs of third parties.
Support is available in bitcoin exchange software for not just multiple markets but also multi-instruments trading. Use the feature for setting up multiple instruments and use it for reviewing order cancellations and trading history.
- Flexible financial ecosystem
Cryptocurrency exchange software offers support for multiple, instruments, markets, and orders. This makes the entire software's data architecture configurable enough to suit the specific requirements one may have and other preferences of the financial ecosystem.
OTC or over-the-counter trading is necessary for dealing directly with other parties. This option is the best bitcoin exchange software supports therefore a multitude of assets for quick buying/selling and setting zero limits to exchanges.
How to Select the Best Cryptocurrency Exchange Script
The right kind of crypto exchange platform is essential for making transactions with cryptocurrencies. It is because of this software that trading is possible with tokens, OTC, and peer-to-peer. In order to select the best such application based on your requirements, you can go through the list given here.
- KYC integration: Built-in KYC module
- Cloud hosting: Support for cloud hosting for server monitoring and setup
- Payment gateways: Integration with payment gateways
- Regulations/compliance: Expert support team for undertaking regulatory/compliance checks
- Coin variety: Support for multiple coin varieties
- Security measures: Security measures such as registry lock, web protocol security, anti-DDoS module, and more.
- Trading fee: Availability of information regarding trading fees on websites
- Verification requirements: Verification requirements for making exchanges as these help protect end-users from money laundering and scams
- Geographic limitations: Make sure that you have access to all the modules built-in within the cryptocurrency exchange platform as sometimes certain tools are available only to specific geographic locations.
- Reputation: You can go through customer reviews and discuss with those using the cryptocurrency exchange software to check for the reputation of a particular application.
What Are Some of the Best Cryptocurrency Software Available
Cryptocurrency software operates using high-level security as well as enterprise-grade architecture. Then there are other critical modules that give the software its credibility and high performance. Some of the best solutions in the field are:
Binance crypto exchange platform is one such trading platform that only charges a 0.1 percent fee irrespective of the number of cryptos you trade. The two-factor authentication system makes the software a highly secured one too. So in case you are looking for a solution for undertaking secured crypto trading or exchange then Binance may be the answer.
What you may like about Binance Crypto Exchange Platform
- One of the most widely used software, its reputation is something you can really trust for doing crypto trades
- Two-factor authentication for advanced security layer
- Support for over a hundred cryptocurrencies
Bittrex is a highly secured exchange software for the simple reason that it stores all crypto assets in a cold storage system. Bittrex charges a 0.25 percent fee and offers some two hundred varieties of crypto assets.
What you may like about Bittrex Cryptocurrency Exchange Software:
- Highly secure
- Fixed low transaction fee
- Quick exchanges
- Support for multiple fiat and cryptocurrencies
Security is never an issue with Cex.io bitcoin exchange software as you get email notifications for each and every login attempt made. The fee range to isn't high as it is always between 0.1 percent to 0.25 percent. End users applaud the software for its easy-to-access features and friendly interface.
What you may like about Cex.io:
- Multiple trading partners
- Easy to use and understand
- Amazing service support team
To begin with, Coinmama is popular for its highly supportive customer service team. It's interface is friendly too so beginners also can use Coinmama with ease. Currently, the software charges 5.5 percent as its transaction fee.
What you may like about Coinmama:
- Highly supportive customer services team
- Easily accessible features and interface
- Highly secured
Core Functionalities offered by Cryptocurrency Exchange Software
You can certainly expect the best bitcoin exchange software to help run your business smoothly and efficiently. How the software does it? You may go through some of its core functionalities highlighted here.
- Powerful code and advanced interface for preventing the possibility of hacks. Bitcoin exchange software solutions are also highly scalable and customizable to ensure their smooth working across multiple operating systems and devices.
- Robust trading engine for faster transaction processing as well as low latency. Also, built-in is a powerful admin panel and charting tools for efficient trading facilities.
- Matching engine, modular architecture, and escrow system for effective contract management.
- Multiple derivates are attached for swaps, options, forwards, and futures. These are important for streamlining order management processes.
- Spot trading facilities and multi-signature wallets for settling transactions.
- System for preferred trading and atomic swapping to ensure a strong dispute management module.
- Real-time charts and analytic graphs for accurate market information.
- Support for multiple bitcoin and fiat currencies.
- Automated AML/KYC verification for transactions of all sorts.
- Advanced protocols for security and GDPR compliance.
- Ticker tool for crypto prices and robust matching engine