Coinbase Clone Script for an Engaging Crypto Exchange Business
Coinbase App Clone: Owning a cryptocurrency exchange alone does not make you earn a profit in this area. You should be aware of the top-most crypto exchanges that can generate ample profits for its investors and shareholders. The users of the exchange can also earn millions of dollars on the exchange like coinbase exchange with a popular coinbase exchange clone script. Before choosing a clone you should have brief knowledge and the features of the exchange. Now you have to decide what type of features you can add to the clone script to attract your customers.
What is Coinbase?
Coinbase is a cryptocurrency exchange platform where buyers can purchase coins like Ethereum, Bitcoin, and Litecoin. Though exchange supports more than 90 types of cryptocurrencies, it does not support all the coins on the platform. There are many cryptocurrencies available globally but Coinbase suggests only popular coins to trade.
This is the reason Coinbase is the favourite for many crypto investors. New investors want to choose the coinbase website clone script and add additional features to enter into the crypto business.
While Coinbase does not support every cryptocurrency as it chooses only popular coins to trade so the users who sell and buy cryptocurrencies on Coinbase won’t have any issues. The Coinbase exchange supports almost 90 coins on the exchange where users can feasibly trade them without any issues.
Some popular coins that Coinbase supports:
- Bitcoin Cash
Coinbase Clone Script
The Coinbase clone script is a customized white-label coin base exchange also known as a replica of the original Coinbase clone with the existing trading features and functionalities. Beginners can easily adopt the exchange and also customize it based on your requirements. As Coinbase is particular about the coins, the clone also has the same features but still, you can alter your exchange and add new features.
Reason to Develop Coinbase like exchange
- Coinbase allows both centralized (fiat-to-crypto) trading and decentralized (crypto-to-crypto) trading.
- The exchange allows a huge range of withdrawals and also fiat currencies.
- The bitcoin and free deposits are insured. The exchange allows flexible fund transfers by scanning QR codes.
- Coinbase has the utmost security features and the clone will also have the same features with additional options to add security features.
- Coinbase is a safe and reliable crypto exchange with 13+ million active users on the exchange.
- The cryptocurrency is user-friendly and serves in about 55+ countries globally.
- The Coinbase exchange has a higher density with a huge number of users.
- Coinbase exchange uses the AES-256 encryption method to store private keys and store wallets.
- All the transactions between the users are secured where the users are attached to the exchange with trust.
- Users can do instant transactions on the highly optimized platform. All the coins are stored in the cold storage of the exchange platform.
- As Coinbase support all the major cryptocurrencies, the coinbase clone website script also supports the same features and functionalities.
- It is easy to create an account on the Coinbase exchange platform and instantly link your bank accounts to trade crypto coins.
- The users of the coinbase exchange can download the mobile wallets for their android and iOS app stores.
- Two-Factor Authentication and Multi-sig option to stop unauthorized operations of assets.
Feature of the Coinbase Clone
- Cryptocurrency Wallet
- Easy UI/UX Design
- Instant Exchange
- Multi-language assistance
- Customized Software
- Admin Dashboard
- Matching Engine
- Dispute Resolution
- Chat Bot
- Trading Bot
- Fiat currency Support
- Secured communication
All the above features can be embedded with a crypto exchange clone script for a reliable and secured exchange.
How to Know Coinbase is a Safe and Secured Exchange
As an investor or user, it is quite normal to wonder that if Coinbase is the safest platform or not, when it comes to huge investments you have to do proper research about the safest exchanges to protect your earnings. Investing in a new platform has a lot of benefits at the same time some risks. While Coinbase app clone is a new platform with comprehensive security measures such as two-factor authentication, secured communication, KYC verification, encryption, etc which make the exchange immune to vulnerabilities and attacks. Coinbase exchange implies security measures where some potential hackers don’t dare to enter the exchange with the non-custodial wallet and hardware wallet.
So, the basic idea behind different wallets is because users don’t rely on Coinbase instead they allow you to store your cryptos using the software, app, and hardware. So, if there is any unauthorized access to your coinbase account then that won’t give access to your wallet where your digital currency is stored.
There is one drawback with this approach as you have to remember your password which is known as a private key. Non-custodial wallet users might lose millions of dollars as their accounts get locked of their cryptocurrency wallets. This is the best-secured method only you are responsible to access and secure your wallet. Develop Coinbase like exchange that is similar to the Coinbase exchange for faster and cost-effective transactions.
How does the exchange work?
The Coinbase website asks the users to link their bank account or credit/debit cards to make any transactions. Using a bank account can charge more and also take time to check the transactions. The user will get the money in his Coinbase wallet after 2-4 business days. When the bitcoin deal is confirmed by selling then it takes almost 2-4 days. Using credit/debit cards there is a limit of dollar 200 per week.
The fees depend on the size of the account, transaction and funding source. Many factors affect the payments which are payment methods, country/region, and size of transactions. If there are minimum transactions then you will have a spread markup of 0.5% of the trade value, additionally a flat fee based on the size of the transaction.
Bitcoin costs are higher, Coinbase allows users to buy coins in small amounts and fractions. The price of the spread mark-up is figured into your sale price or purchase.
For the cost above $200, you have to pay a spread mark-up of 0.5% of the total trade value. The variable fee on transactions of above $200 of Coinbase’s is charged as follows:
|U.S. Bank account||1.49|
|Coinbase USD wallet||1.49|
|Instant card withdrawal||Up to 1.5% of any transaction; a minimum fee of $0.55|
The major feature of Coinbase is that when purchasing a small amount of crypto the fees can add up. For example: when you purchase up to $10 worth of cryptocurrency then you will pay a variable fee of $0.99 that fee could be about 10% of the charge.
Mobile trading is widely used to sell and buy cryptocurrencies using smartphones. Coinbase clone app is for mobile users who can instantly get notifications to their Android and iOS mobiles to trade cryptocurrencies. The Coinbase app clone allows coins such as Litecoin, Ethereum, altcoins to trade.
Why Shamla Tech?
Shamlatech is a pioneering blockchain-based crypto exchange development company with a decade of experience. We offer instant cryptocurrency business solutions with customized software development. We develop various clone scripts for cryptocurrency development. Our Coinbase Website Clone Script is a popular customized solution for trading on cryptocurrency exchange platforms, we develop our clone scripts based on user requirements.
Our expert blockchain development teamwork on cutting-edge technologies to deliver updated solutions. We offer transparency to our clients; they can talk to the developers at any stage and check on the development process. Our coinbase clone website script is embedded with all the essential features.