How to build a cryptocurrency exchange platform without any programming knowledge? | Posted by Allan Jackob | Coin Monk
Cryptocurrency industry players know that the growth of the cryptocurrency industry is unstoppable. Even amid the COVID-19 pandemic, cryptocurrency exchanges showed remarkable growth, proving the business potential of the digital era. However, many people are still reluctant to start a cryptocurrency trading business, believing that only technical people can access it, which is not true. Something even non-technical people can do Start of cryptocurrency exchange businessWe’ll show you how.
How can a startup/entrepreneur create a cryptocurrency exchange without coding skills?
The answer to your question is very simple. There are two ways an entrepreneur or startup can build their own cryptocurrency exchange platform without any programming skills.
⏩ You can hire freelance blockchain developers
⏩ You can get Whitelabel cryptocurrency exchange software from a reputable software provider.
There are two possible routes, but only one is practical in today’s market. Let’s do some comparisons to see which path is better and why we say so.
After comparing, I was convinced to purchase. White Label Software is the Smartest Choice Anyone considering building a cryptocurrency exchange can do it.
Let’s take a look at some of the business benefits of purchasing Whitelabel software. From a scripting vendor.
Trading advantages of white label crypto exchange software:
✪ Scalability: The ability to customize the functionality, graphics, user interface and many other elements of Whitelabel cryptocurrency trading software ensures high scalability of the exchange.
✪ monitoring: You can monitor cryptocurrency exchange platforms very efficiently.
✪ ROI Features: This gives you the freedom to incorporate exciting ROI features that deliver huge benefits.
✪ Beta modules: The beta module allows extensive testing of the cryptocurrency exchange platform.
✪ Cost-effective: The cost of purchasing Whitelabel software requires less investment, making it easy to purchase according to your budget.
✪ Short development period: Whitelabel software is pre-developed and can be implemented within a few days.
I have mentioned here some business benefits of using Whitelabel software. Apart from this, there are other benefits to owning Whitelabel software. But now it’s time to look at the types of models at work on cryptocurrency exchange platforms. Depending on your cryptocurrency exchange’s operating model, you will need to decide which features you need to integrate, so let’s take a look at them.
Working model of cryptocurrency exchange platform
⏭ Ad-based or P2P
⏭ From user to administrator
⏭ Order Form
Ability to integrate with ad-based or peer-to-peer cryptocurrency exchange platforms
⏭ Escrow Security
⏭ Dispute feature
⏭ Escrow Wallet
⏭ Post sell/buy orders (like ads)
⏭ Various payment methods, etc.
Ability to integrate with cryptocurrency exchange platforms between users and administrators:
👉 OTC trading,
👉 Buy and sell instantly
👉 IEO module
👉 Staking
Ability to integrate with order book cryptocurrency exchange platform
👉 Order form,
👉 Spot trading,
👉Order type,
👉 Match Engine,
👉 Derivatives trading
👉 Cryptocurrency and fiat payment gateway
👉 Cryptocurrency wallets and more.
While the features mentioned above are specific to this working model, there are some features that are common to all types of cryptocurrency exchange platforms, including:
Supports multiple cryptocurrencies
Sponsorship Opportunities
admin panel
user panel
Advanced UI/UX
Multilingual support
many trading pairs
Margin trading
KYC/AML
HTTPS authentication,
biometric authentication,
go to jail
data encryption,
two-factor authentication,
SQL injection prevention,
Denial of Service (DoS) prevention;
Cross-site request forgery (CSRF) protection;
Protection against server-side request forgery (SSRF);
Distributed Denial of Service Prevention
Essential features are built into the cryptocurrency exchange white label software. Additional costs apply for advanced features in addition to the basic features. Not all Whitelabel software providers offer this at an affordable price. There are only a few places that offer high quality white label solutions at affordable prices. You need to do your research and choose a service provider.
Choosing the right white label software provider is of utmost importance. One step in building a cryptocurrency exchange platform Even without coding skills. There are certain criteria by which you must perform your search. You should research their ratings, reviews, the services they offer, and the prices they offer. This is a strong factor to consider when choosing a white label software provider. Contact a reputable Whitelabel cryptocurrency trading software provider and you can communicate your requirements. After all, they end up doing all the work required to run a cryptocurrency exchange platform.