I am currently deep in the crypto startup world, and one question I just can not stop asking is this. How is it done to start a crypto exchange such as Coinbase? I understand that it is an enormous platform, and that years of expert development have gone into it. But I wonder how a start-up can create something similar, potentially, but with the same user-centric focus.
Based on what I have learned so far, here are some of the main steps you need to consider
* Determine your business model- Will it involve all spot trading only? Or will you also implement staking, launchpad, etc?
* You get the tech right - You can build it yourself (slow and expensive), or use a white label solution, or a Coinbase clone script or script to accelerate things.
* Pay attention to security - KYC, 2-factor authentication, and wallet security are some of the main problems that users will not trust a platform with.
* The user experience – The uncluttered, newbie-friendly user interface is one of the greatest successes of Coinbase.
* Give your users an Android and iOS-supported Coinbase Clone App to increase engagement on your platform.
* Compliance - The most difficult aspect is more than likely compliance. On the basis of your target region, you will have to comply with AML, KYC, and local regulatory requirements.
The key features to include in your Coinbase Clone are
* Fiat-to-crypto, crypto-to-fiat, crypto-to-crypto currency conversions
* Multi-currency and language support
* MPC wallet support
* Real-time charts and trading engine
* Advanced order types
* User/Admin Panels
* Security measures
Has any person here ventured into the likes of this or with a clone script? Feel free to talk to our Trioangle’s experts on your customized
Coinbase clone app to start your business.
Email: sales@innblockchain.com
WhatsApp: +91 9361357439
Telegram:
https://telegram.me/teaminnblockchain
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