In this digital business world, cryptocurrency & blockchain based business has a higher concentration among the global right? Mainly most of the people started their business with bitcoin exchange. Because cryptocurrency exchange business is easy and fast money making business. In fact, the popularity of Bitcoin and cryptocurrencies continues to grow every passing month. And in a stage of massive hype, what can be better than a cryptocurrency exchange app?
The demand for bitcoin exchange apps will continue to rise with the growing trading volumes worldwide. In such a scenario, launching a high-end & secured bitcoin exchange app is a far better choice than creating a bitcoin exchange website. But choosing the right service provider to build your exchange app is a very crucial one.
Important components of a cryptocurrency exchange app
Once you are planned to build a cryptocurrency exchange app, you need to get a clarity about the basic architecture of a cryptocurrency/bitcoin exchange app. Here I have listed the important components of the cryptocurrency exchange app,
Trading Engine: Setting up a trading engine is one of the main core of any cryptocurrency exchange app. It is important to execute transactions, calculate balances, access order book and match all the buy/sell transactions on cryptocurrency exchange.
Front-end user interface : This component is particularly the front-end of the exchange app, i.e. how users see the exchange. Make sure to build an intuitive and user-friendly interface to offer an amazing trading experience. Ensure that it has the following things While building this component
1. User registration and login
2. Fund deposit/withdrawal
3. View order book, balance, statistics, transactions, charts, etc.
4. Buy/sell orders
5. Support features
Cryptocurrency wallet: All the crypto tokens and cryptocurrencies will be stored in the user’s wallet. So Embedding support for a cryptocurrency wallet is essential for a crypto exchange. Developing a crypto wallet with enhanced security will help in the development of trust between users and your cryptocurrency exchange.
Admin console: An admin console will help the business owner to manage different operational aspects of a bitcoin exchange application. The features of a console can be customized according to the specific business requirements.
Incorporating the above 4 components into your cryptocurrency exchange app will surely lead to a highly-functional cryptocurrency exchange app. Apart from these 4 basic features, every bitcoin exchange app should have additional features that can be developed after getting user feedback or by analyzing the other top exchange apps worldwide.
Pulsehyip.com - Leading cryptocurrency exchange development company
If you seek expert assistance or complete cryptocurrency exchange development support with regards to cryptocurrency/bitcoin exchange, pulsehyip can help. Pulsehyip's expert team has strong knowledge about relevant APIs, development stacks, and solutions that can accelerate the pace of cryptocurrency exchange development.
With this, any business owner can roll out a highly-efficient cryptocurrency / Bitcoin exchange app without getting any technical knowledge.