Start your own exchange like Binance in 5 steps!
Start your own exchange like Binance Any trader knows, Binance is one of the most leading cryptocurrency exchange platforms when compared to the other cryptocurrency exchanges present in the world. The business application of cryptocurrency exchange website is to handle with numerous number of cryptocurrencies which done through crypto to crypto trade.
This prominent exchange platform- Binance, gains a huge number of traders, exchangers, and even gain new users attention every day. The platform with the trending blockchain technology provides outstanding facilities like minimal trading fees, user-friendly UI design, and multi crypto coin support during the trade.
Having an idea to launch a secure P2P crypto trading platform exactly like Binance?
This blog will surely guide you with all the necessary information about Binance Exchange its functions, features, and cost to develop your own exchange.
Introduction – Binance Exchange
Binance is a Cryptocurrency P2P Crypto Trading solution that allows the Users to register and trade Cryptocurrencies with other Users. It is the largest digital currency exchange by trade volume and one of the fastest Trading platforms in the world.
This exchange provides investors with one of the widest range of cryptocurrencies available in the current market place. Binance exchange is easy to navigate making it suitable for both advanced as well as the beginner trader and investor. It offers multiple trading platforms to provide different levels of trading experience.
You can also develop your own trending Binance decentralized exchange platform with Binance Dex Clone!!!
Why prefer Binance for Crypto Exchange/trading?
Low Fee – Binance is one of the major platforms that charge a very low trading fee at just 0.1% for each and every single trade.
High Security – The Binance Platform serves high security with a 2 Factor Authentication feature that sends a security code to your mobile number for every single action that takes place.
Listing – The platform allows the users to list their cryptocurrencies which they want to sell or the cryptos which they want to buy.
High Volume Trade – The Trade volume is extremely high as there are numerous trades happening on the platform for each and every second.
Margin Trading – Allows traders to trade by borrowing and leveraging.
P2P – P2P platform allows traders to buy and sell cryptos directly with the users.
Plenty of Altcoins – Binance supports more than 500+ of cryptocurrency coins and tokens like Bitcoin, Ethereum and Litecoin, ETH, Bitcoin cash, etc.
Extrusive Advantages of Binance Exchange Platform:
- High Performance for Crypto Trading
- All Options are covered for Traders
- Multi layer security
- Multilingual Support for easy trading
- High Liquidity
- Multiple-Coin Support
Binance Trading – Workflow
Trading on Binance is quite a user friendly and easy. Users can choose their trading option between the “basic”, “classic” and “advanced” interfaces.
Basic: This is the easiest and simplest way to trade on the Binance exchange. Users can trade Bitcoin, BNB, litecoin, ETH, and a wide range of other cryptos in just minutes.
Classic: This standard Binance exchange provides a more traditional platform to their users. The platform includes various trading options and charts to trade with stop loss, by market or limit order, and either spot or with margin.
For spot trading, users can select between three different trading options based on their experience level. The classic interface option produces a quick view of the market and trading pairs by making it easier to switch pairs.
For the beginners or less experienced trader, there is a basic quick trade option that allows to simply convert coins at the market rate, without any charts or order books.
Margin trading helps to buy more than you can afford to and enjoy hurdle free trade. Binance also offers leveraged future trading.
Advanced: The advanced trading option offers all of the “Classic” features. In addition to this, there are more advanced options available within the charts. The advanced interface gives users access to advanced charting tools.
How to start Crypto Exchange like Binance?
If you are looking to start your own exchange like Binance, then we have a fantastic offer for you. We – Shamla tech as a leading Cryptocurrency Exchange Clone Scripts Provider, offers all the relevant requirements to start your own exchange business with Binance Clone Script with topmost security features.
5 Steps to Build a Cryptocurrency Exchange
It’s no secret that, lately, most of the exchange development processes are divided into the stages to bring out the maximum potential of the platform. Various aspects are generally developed by different teams in collaboration with each other. Such steps can include an API, web interface, testing etc. The time to complete the project depends on the complexity of the application and the features needed.
Shamla tech being a pioneer in the field provides Binance Clone Script Development solutions completely customizable for all your business needs. The developers here bring out the best White-Label Binance Clone Script completely ready to launch. We also assure to build the most suitable for the trade requirements.
An Binance Clone App Development would require the following app building aspects to be taken care of:
This is the first thing for the client to see before starting to use the application. In order to develop a harmonic design combining both reliability and usability, we follow the best practices and take into account the requirements of our customers.
The web part of the application contains the client-side needs of the website, and is based on the previously created design. Our experienced developers make the design to work by latest of the programming languages.
API is the backend part of the platform that is not visible to the end user. The server part of the ready made binance Clone Script is responsible for performing the application’s internal logic and handling the basic functions like User authentication and authorization, functionality, server-side function of admin panel etc.
This part is responsible for the actual processing, recording and storing of data concerning trades between the buyers and sellers in a secure environment (any manipulation by any party is impossible thanks to the immutable blockchain).
An obligatory part of the modern application development. It is extremely important as it allows distinguishing and eliminating most of the bugs within the logic, as well as within the UI before actually launching the application.
Since the application is storing the sensitive information of its users, it has to be properly secured in order to prevent possible data leaks and hacking attacks. We decided to protect the user information and support privacy in the following ways:
Secure architecture – while developing the Binance Exchange Website Clone Script, we paid attention to creating a secure way of storing and exchanging any information.
- The platform offers various options like 2FA or multi-factor and Google authentication. In order to prevent the possibility of unauthorized login to the user account, we implemented two-factor authentication by generating one-time passwords.
- User’s verification – The Binance Website Clone script offers user identity verification options like KYC (Know Your Customer) and AML (Anti Money Laundering) to avoid any fraud or unauthorized activity.
- Alerts- The exchange sends you alerts every time you log in or complete a transaction making it free from any hack or fraudulent activity.
Robust Features of our binance clone website script include,
Integrated Initial Coin Offering (ICO)
Integrated Initial Exchange Offerings (IEO)
Cryptocurrency wallet integration on smartphones
Real-time trade updates
Live trade charts
Easy-to-use User Interface
Support multiple altcoins
Instant buying and selling
The experienced developers at Shamla tech help you add the latest features in the market and assure to personalize the Binance app clone and Binance Dex Clone to bring out the best ever outcome. We offer well tested and bug-free clone scripts for all popular platforms making it launch-ready.