Let me start the blog with what actually is a binance clone?
We all might know that a clone product is just a replica of the original business model. By the way, binance clones are the cryptocurrency exchange software apps with the functionalities similar to that of the Binance exchange.
Well; having any idea on what a cryptocurrency exchange is all about?
Cryptocurrency exchanges stand as the perfect marketplaces for the users to carry out digital currency trading online. They are the media, where a large number of trading transactions happen between the cryptocurrency buyers and sellers.
Anyone who wishes to create a p2p crypto trading platform can make use of the ready-made exchange business models from any reputed cryptocurrency exchange development company like us.
Serving the industry with over a decade, Shamla Tech leads the game in providing the best cryptocurrency exchange clone solutions to a wide range of businesses in the field of IT.
Being a team of talents grounded up with a greater amount of expertise in the arena of cryptocurrency exchange development, we keep on delivering custom business solutions with world-class support. Our end-to-end business deliverables are always bug-free so that you can launch your own exchange free of hassles.
The cryptocurrency exchange clone scripts developed from our side will always be unique in the market in terms of appearance, design, features, and performance-related functionalities. The scripts once developed are tested further for bugs before putting it for live. Hence you would be able to get quality-rich bug-free source codes in the scripts that you choose for your exchange development needs.
One major advantage with the adoption of our clone scripts is that you can save a huge amount of our time and money, thus making you enjoy the cost-effective solutions without any time constraints.
Our ready-made clone script solutions are extended for a huge set of exchange types including Binance, local bitcoins, Paxful, Wazirx, and coinbase.
Do you wanna explore more about binance?
Read till the end of this blog…
What exactly is binance and what are all its key takeaways?
- Binance is the world’s largest cum highly secure cryptocurrency exchange platform offering the users with powerful trading opportunities ever.
- It is meant for those who wanna skyrocket in the cryptocurrency trading business space.
- Its native coin is BNB, which is nothing but the Binance coin.
- It encourages users to trade some of the most commonly traded cryptocurrency types, thus making the trades more effective.
- It has an active user base with millions of users accessing the platform with countless virtual currency types.
- It offers both centralized and decentralized services to the users with the integration of a wide variety of user-friendly add-ons.
- It organizes supporting programs frequently to make the traders get engaged in the investment options with ease.
- The users can make use of the wallets provided by the Binance exchange to keep their cryptocurrencies in a safer manner.
Here is how you can understand the Binance exchange:
Being crypto to crypto trading exchange, Binance facilitates the exchange or transfer of two different cryptocurrency pairs. Here, the preferred cryptocurrency might either be bitcoin or ethereum or some others, which depends on the user requirements and choices. The exchange is known primarily for the following beneficial use cases:
- Immense fame and stability
- Greater liquidity
- Lower transaction charges
- Discount offers for native Binance coin utility.
The internal architecture of the Binance exchange:
Right from the start of the crypto exchange service in the year 2017, the Binance exchange has been offering premier and world-class security standards to the users till now. This has been made happen because of the multi-tier and multi-clustered nature of its in-built architecture. Top-notch processing throughput accounts for the same as well.
The overall architectural design of the exchange has the potential to process more than around some millions of trade orders in just a second. How great it is!
But to utilize this potential, the entrepreneurs need to meet the necessary verification requirements like KYC. Upon the completion of KYC, the exchange is ready for cryptocurrency trades from the users’ side.
List of trade orders supported by Binance:
Binance supports the following trade order types at present:
- Market order:
- Limit order:
- Stop limit order:
Types of trading operations with binance:
The exchange facilitates two major types of trading that include basic and advanced trading types. The basic trading is simple, thus meant for beginner traders. On the other hand, advanced trading is somewhat complex and is meant for experienced traders.
Usually, the newbies to the world of trading will never have enough exposure to the trading concepts. To help those in grasping up the necessary knowledge for making trades, the basic trading type was introduced.
Whereas advanced trading is a bit difficult for a newbie to cope with, as it involves the representation of graphs to portray the statistics of the trading information.
Charges imposed by binance:
Binance never imposes any kind of charges for cryptocurrency or electronic fund deposits. But when it comes to transactions, the exchange imposes some considerable range of charges, and that depends on the nature of transactions and the type of cryptocurrency used.
Additional merits offered by binance:
Though binance looks to be an exchange-specific platform for cryptocurrency trading, it additionally provides some other tools and services that are ought to support the blockchain ecosystem. Such kind of support is advantageous in nurturing the ICO projects in their pre-ICO stage.
The uniqueness of Shamla Tech’s ready-made Binance clone scripts:
Generally, a Binance clone script is such a kind of ready software that can be accessible and customizable at any instant for a binance like a website launch in the market.
Thus, our ready-made Binance clone scripts help you in coming with an exchange as exactly as binance. In addition to the in-built security and trading functionality, we integrate some more beneficial features as well in the scripts to ensure the betterment of your business. Some of those additional features are listed as follows:
When it comes to buying or selling digital currencies, security is a must since there exist some money transfers. Moreover, security is what contributes the most to the quality of any kind of cryptocurrency exchange, as the exchange operations have a large number of security threats with the transactions involved.
Our binance clone exchange scripts hold the feature of 2FA (two-factor authentication) to provide the utmost security to the exchange. This feature is facilitated by the generation of a security code for every single transaction that happens in the exchange. Unless and until the codes are verified from the users’ side, no transaction will take place.
The exchange owners can avail the facility of getting their very own brand identity since our scripts are the white-labeled solutions.
The profit generation potential of a crypto exchange depends purely on its trading volume. The higher the trading volume of the exchange, the better will be its profit rates.
To bring a higher trading volume of your exchange, you obviously require an appealing exchange, which will help you gain the attention of a countless number of traders on the go with ease. Our scripts would let you do the same by allowing n number of trades into your site at a time.
The users can either buy or sell cryptocurrencies at the instant they wish to make trades. There is no need for any sort of delays here, as the script holds the instant trading facility for the users’ trades.
The exchange operates with both basic and advanced trading interfaces. The interface selection is up to the users and that can be made according to their level of comfort. For instance, the newbie traders can choose the basic interface type, whereas the experienced traders can go for the advanced interface type for their trading process.
It helps in getting reach for your exchange so that you would be able to make people aware of your exchange operations thus resulting in a large number of trades.
It primarily involves the listing of cryptocurrencies that the users want to buy or sell in the platform.
Our scripts are designed in such a way that it allows the exchange to support hundreds of currency types like bitcoin, ethereum, and litecoin and so on. Through this feature, the users can trade any type of currency as per their desires and convenience.
Trade order support:
The script supports all types of trade orders inclusive of the market orders, stop orders, and limit orders. This facilitates the users in preferring the trading price levels of their choice.
Low trading charges:
The exchange is ought to provide the traders with comparatively lower fees for their trading transactions.