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CRYPTOCURRENCY GUIDANCE - An Insight

  • Isabella Aria
    • 11 posts
    August 7, 2020 8:15 AM EDT
    • Many businesses and entrepreneurs globally are moving towards the realm of cryptocurrencies to gain huge profits. This made many individuals and entrepreneurs invest money in building their own exchange platforms.
    • Many investors started to invest in cryptos and perform active trading by utilizing a cryptocurrency exchange platform to earn a huge profit.

    Now let us deep-dive into the topic in knowing a few main aspects that need to be considered while choosing the best cryptocurrency exchange development company.

    Security and Authenticity

    • It is necessary to do research before choosing a legitimate and secure platform. The exchange provider company is responsible for preventing your exchange from online hacking attacks.
    • The investor must look into the exchange security protocol. The exchange provider should render you the basic security features like two-factor authentication, push message, alert message, and much more.

     Distinct feature Integration

    • The exchange provider should integrate all the special and advanced features for customers. Here is some list of features that you need to pay attention to developing your exchange platform
    1. It should provide Escrow service for peer-to-peer
    2. Smart contracts powered for decentralized trading
    3. Advanced UI/UX
    4. It should possess a multiple payment gateways
    5. It should allow Margin trading
    6. It support 2000 + cryptocurrency

     Integration of Cryptocurrency Wallet

    • The crucial part of your exchange platform is to have a rigid wallet. The crypto wallet sends, receive, and store all your cryptocurrencies.
    • There are different types of wallet hot wallet, cold wallet, and paper wallets. Here are Some basic security features that have to be integrated into your wallet development.
    • Two-factor authentication
    • Biometric Authentication
    • Encrypted private key
    • Trusted wallet codes

    Final thoughts

    It is vital to consider the best features while choosing a cryptocurrency exchange development company. Overall, try to act wiser in selecting the best of all your choices and think about how you can spot the exchange platform that will be safe for you now and for the most prolonged period.