Ways to Own a Bitcoin/Cryptocurrency Exchange Trading platform
More recently Cryptocurrency and blockchain are latest trending keywords, and we have enumerated about them for sake of users in our blogs. With the massive success of Bitcoin, numerous cryptocurrencies have emerged and are still emerging. Presently there are 1597 coins are totally existing as of now in the market and this has actually led to the birth of cryptocurrency exchange trading platform. It is also better to know Ways to Own a Bitcoin/Cryptocurrency Exchange Trading platform.
Checklist for owning Crypto Exchange platform
- Region of incorporation
- Choices of Fiat/Cryptocurrencies
- Key Features in the exchange platform
- Quality Security and protection
Region of Incorporation
Since the cryptocurrencies are under scrutiny in several countries, choices of country for registering the company are crucial. It is wise to select the countries which officially allow bitcoin as a mode of payment. Most of the recommended countries are Estonia, Belarus, Iceland, France, Venezuela, and the US.
Choices of Fiat/Cryptocurrencies
Having a handful of crypto/fiat currencies listed in the exchange would be good. The more cryptocurrencies listed in the exchange would actively attract more audience. It is also to be noted is that the cost of maintaining 3 cryptocurrencies is as same as to that of 50 cryptocurrencies. They would be ideal to have the well-performing cryptocurrencies like Bitcoin, Ethereum, Ripple, Litecoin, Bytecoin, Dogecoin, etc. Another good option would be to have an own coin in the exchange platform and professionally leveraging users to use the coin by providing discounts.
Key Features in the Exchange Platform
The important reason for having a centralized exchange is that it expediently supports advanced features. Most of the expected features are, Flexibility for customization, Security, Easy management and low delay time. Every platform must include numerous modules for executing a transaction between the front end and backend. So having APIs to execute each activity would offer better scalability. By this way, it would be simple to build web applications, mobile apps, and desktop apps and so on.Also Read Day trading cryptocurrency