How does a Cryptocurrency Trading platform work?

Zab Technologies

Zab Technologies

Zab Technologies is a Government Registered Cryptocurrency and Blockchain Development Company that has more than 40+ Blockchain Engineers with a primary focus on creating customized blockchain software solutions for various industries.

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

In recent years, digital currencies are evolving around this modern world. Also, many people are moving towards digital platforms to store their private information. It brought the invention of digital currency using blockchain technology. It is one of the most complex advanced technologies. This technology is mostly used in cryptocurrency industries and other big industries. Such as healthcare, supply management, real estate, banking, and many more big sectors.

When coming to the cryptocurrency industry, crypto trading software and altcoin creations are more popular. These platforms are developed using one of the cutting-edge technologies called a blockchain. So most of the young startups prefer to create their own cryptocurrency trading platform using the premium crypto trading software.

Now your mind will be popped with some questions like what crypto trading platform is, what is a crypto trading software and how it works. This blog will help you to find the answers to your questions.

What is a Cryptocurrency Trading Platform?

The cryptocurrency trading platform is a kind of crypto exchange website. It is a simple platform to match crypto buyers and sellers. Here various users can buy, sell, and trade popular digital currencies and other digital assets in a hassle-free manner. The user should have a verified exchange account to participate in the crypto trading process. There will be no intervention by the bank, government, or other third parties.

In this crypto trading platform, there will be a crypto wallet to store the digital currencies and crypto tokens. Without a wallet, you can not store, receive, or transfer crypto coins. So crypto wallet plays a crucial role in the cryptocurrency exchange platform. Here users can convert USD, EURO, INR, or other fiat currencies to digital currencies. So the user base increased in many crypto trading platforms. This inspired many young entrepreneurs to start a cryptocurrency trading business.

There are two types of crypto trading platforms available in the crypto marketplace. Such as

  • Centralized crypto trading platform
  • Decentralized crypto trading platform.

 

If you are an exchange owner, then you can charge fees for each successful crypto transaction. Also, you can charge fees for withdrawing and depositing cryptocurrencies. By these methods, you can earn ample amounts of profits within a short period.

I think you have understood what the crypto trading platform is. Now, your next question will be…

What is Cryptocurrency Trading Software?

Crypto trading software is a tailor-made software which helps you to launch your own crypto exchange platform. It holds all the desirable trading features of the exchange platform. Here you can customize your logo, design, theme, and other backend designs according to your business needs. This crypto trading software supports all the major crypto coins that are available in the crypto marketplace. Such as Bitcoin, Dash, Ripple, Ethereum, Litecoin, and EOS.

By supporting popular digital currencies, it might attract more traders to join your exchange platform. Also, this software has an effective user-friendly interface with easy trading facilities. So even if your users are beginners they can easily buy and sell digital currencies easily and instantly. Here you can add many payment methods like bank transfer, google pay, and other payment methods.

Now let us look out the working of Crypto Trading Platform

In this secured cryptocurrency trading software, the users have to register. Then they must log in for trading digital currencies. So the crypto user should create the exchange account with registration. Without registration, users cannot do a further trading process. The user must fill all the required KYC (Know Your Customer) details in the required display box.

After the registration process, users can start buying bitcoins or other prominent altcoins using fiat currencies. If you want to buy any digital currency, then choose the amount and type of digital currency. It shows the display box with a cost. So that you can buy with your fiat currencies. You will have an enhanced secured cryptocurrency wallet to store your valuable crypto coins. It also receives and transfers digital currencies from your exchange platform. So this crypto wallet monitors your balance in the crypto trading platform.

In crypto trading software, users can look at all the open orders in the trading platform. So it helps to match the suitable trader. Here the buyer can check the seller’s feedback, rating, and account history to check the sustainability. So it gives the trust during the time of cryptocurrency transactions between them.

when a buyer is looking for a seller. After finding the seller, the buyer can click buy to start the trading process. Then it opens a chat window that connects directly to the seller. So buyers and sellers can easily communicate with each other. After the trade is completed, wait for the payment to receive in your crypto wallet. If any issue takes place, the buyer and seller can raise conflict. So that admin in the exchange platform inspects the issue and resolves them quickly.

Outstanding Features for the Best Cryptocurrency Trading Software

The popular features that will make your crypto trading platform to stand out from other cryptocurrency exchanges.

  • Automatic KYC verification
  • Integrated with IEO module
  • Cryptocurrency wallet
  • Multiple payment methods
  • Payment gateway integration
  • Matching engine
  • Liquidity API
  • Admin console
  • Trader console
  • Margin trading
  • Top-notch user dashboard
  • Referral program

 

Besides the above desirable features you can also integrate some tight security features like;

  • Two-factor authentication
  • Multi-signature vaults
  • Biometric authentication
  • Registry lock
  • SSL integration
  • End to end encrypted transactions.
  • HTTPS authentication
  • Browser detection security
  • DDoS migration
  • Anti-DDoS migration
  • Data encryption

 

These advanced security options secure your crypto trading platform against any fraudulent activities or cyber-attacks.

Benefits of using Cryptocurrency Trading Software

  • Secure and quick trading of bitcoins and other cryptocurrencies
  • As a crypto exchange owner, for every trade, you can charge a commission fee from your users.
  • Effective user-friendly dashboards for crypto users.
  • Very safe and reliable services.
  • Bitcoins and altcoins transactions are very simple and faster.
  • International trading will be easy
  • Confidentiality maintained
  • No limitations for trading

 

Where can you get the best Cryptocurrency Trading Software?

You can buy the best crypto trading software from the Zab technologies. Zab technology is an outstanding blockchain development company across the globe. They have delivered more than 60+ blockchain products to their global clients. They are also rich in expertise in offering cryptocurrency exchange solutions with perfect outcomes. They provide 24*7 effective customer support through the internet. So that you can rectify your issues instantly. Also, they offer IEO, STO, crypto wallet development, and other reliable blockchain services.

If you are a person looking to start a crypto trading business. Then buy bug-free crypto trading software from Zab technologies to build your secured crypto exchange within a few days. They also guide you to develop your crypto exchange platform from scratch within the desired time at a reasonable price.

2 Responses

  1. I have been reading several interesting guides on cryptocurrency and exchange creation from several companies here, this has brought to me some ideas, but essentially some concerns that I’d like to know about some other peoples thoughts, namely:
    – How can I be certain that the company selling me a ready made exchange service does not contain a hidden backdoor to steal my funds in the future, by secret keys leek!?
    – How can I be certain that I will not be held prisoned by the company I choose with absurd expensive future customized development services when I need them!? Will the complete source code be provided?
    This can be considered non issues to some of you, I’m sorry but to me they are of very much concern.

Leave a Reply

Your email address will not be published. Required fields are marked *

Other News

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

Explained

How to buy Bitcoin in 2020?

Bitcoin is the magical icon in this era! People all over the globe wants to acquire it! More than the virtual currency, Bitcoin has become

Do You Want To Boost Your Business?

Send us a Press Release or article about your business