Are you planning to develop your own cryptocurrency exchange? Just hold on. Before you start with the development of the exchange platform, it is advisable to know your needs, strength, weakness, area of expertise, and what type of cryptocurrency exchange you need. How much can you spend on the development process?
When you are sure of these checklists, decide if you want to build multi-currency exchange or only bitcoin exchange. It totally depends on the audience you wish to focus on and the business you want to set up.
The most important reason for the rise in the cryptocurrency user base is decentralization; there is no intermediate to oversee your transaction, along with escrow protection. So, most likely, users will prefer exchanges like Local Bitcoins (P2P exchange).
Rather than building the cryptocurrency exchange from scratch, It is recommended to try Local Bitcoin clone scripts to build a white-label exchange for your business. To develop such a personalized exchange platform loaded with all needed features and functionalities, connect with the expert development company Appdupe.
Cutting-edge features of Local Bitcoin clone solution:
- Two-factor Authentification
- Escrow Wallet
- Multiple Coin Support
- Current Live Pricing
- Ease of Coin Advertisement
- Social media login
- Search and filter option
- Escrow support
- Multiple payment gateways
Benefits of P2P exchange:
- Peer-to-peer exchange is safe and secure.
- It is easy to maintain anonymity.
- Provides escrow protection for safe trading between buyers and sellers.
If you are interested, visit the Appdupe website to read more about Local Bitcoin clone development.