Top Crypto Exchange Clone Scripts and their Authentication Process
Crypto exchange clone scripts : This year 2021 has been a great year for crypto exchanges which are flooded with new investors that holds 100 million cryptocurrency users at present. In January, the growth rate is about 15.7%. Since the market has slowed down, cryptocurrency has faced many ups and downs in the past, so a new surge will not be unusual in the industry.
Many businesses and startups are expressing their interest join the crypto space by creating popular clone scripts to earn additionally. The new crypto exchange clone scripts replicate all the features and functionality of the existing clone scripts. Not it is easy to Develop Coinbase like exchange with the coin base clone script with your brand. You can have a reliable platform to build a brand for yourself.
Crypto companies should have infrastructure and technology to handle trading volumes. Unlike the stock market and other established exchanges, which take decades to create such systems, these companies do not have much experience with high volumes, transaction processing procedures, new customers and deals. Even though there has been a recession in the cryptocurrency industry, the market can recover very quickly, and if that happens, people will most likely return there to register new accounts and with the crypto exchange clone scripts.
To Know Your Customer (KYC), the identity verification procedures are required which will often make it difficult for customers to sign-up and exchange to process customers on time. If the identification processes are not properly automated, they will slow down the interactions with customers that lead to revenue of revenue for customers.
In this article, we will show you the ID verification process for a different exchange and what are the steps they are using to verify IF and security measures they follow to business and customers.
Here are the top 10 crypto exchange clone :
- coinbase clone script
- Binance clone script
- Paxful Clone Script
- Local Bitcoin clone Script
- Remitano clone Script
- Bitstamp clone Script
- Bithumb Clone Script
- WazirX Clone Script
- Poloniex clone script
- Kucoin clone script
Check here for how crypto exchange clone platforms works.
Coinbase exchange is a US-based digital currency platform and wallet founded in 2012 with around 10 million users globally. The platform has a record of trading over $50billion worth of digital currencies which is available in almost 32 countries. Coinbase performs a strict ID verification process by limiting the accounts. The accounts limitations are determined by the different types of verifications such as account, age of the account, purchase history, payment history, etc. We offer the coinbase clone script with the same verification process as the original coinbase along with a coinbase app clone for mobile users.
The exchange verifies the following details thoroughly:
- Photo ID
- Mobile Number
- Personal Details
- US citizens add your SSN
Develop Coinbase like exchange to sell, buy, trade, send, and receive cryptocurrencies with modular security features and initiative UI to make trading easy for starters and experienced traders. The coinbase clone app will also contain the features of the coinbase exchange.
The only cryptocurrency exchange platform that combines finance and digital technology. Binance is top-level at giving access to exchange digital currency pairs by maintaining security, safest communication, liquidity, global access at any time. Tech-giant Yahoo stated that Binance is the largest cryptocurrency exchange by trading volume. Binance Clone Script impends the same features as the Binance exchange additional features can be added to the customer requirements. Binance is comprehensively a cryptocurrency trading platform that does not support fiat currencies. No identity verification is required for withdrawals up to 2 BTC per day. Photo ID verification is required to withdraw up to 100 BTC per day. You can approach popular exchange development companies who Develop a White-Label Binance Clone Script that has the customized features.
Paxful is the most trusted and safest platform built for users who want to sell, buy and trade cryptocurrencies with 350 payment methods. The platform is easy to access globally for all users. The largest trading pairs on the Paxful exchange include USDT, PAX (Paxos standard token created by Paxful) and HUSD (ERC20 token pegged to the US dollar). The popularity of the Paxful exchange platform has led many to look for a bitcoin exchange platform like Paxful that would help create a platform similar to Paxful with the Paxful Clone Script.
Users can build a customized White label Paxful clone script with exciting features for their customers to offer a much reliable platform and build a brand like Paxful with the paxful clone script.
Steps for ID verification for Paxful:
- You have to log in to your Paxful account and go to the username menu on the top right of the page and click Verify Me. A dialog box appears with a video tutorial on verification.
- Once you complete watching a video, you have to click Continue Verification.
- Now confirmation page will be opened.
- You can start the verification process by clicking the button.
- The photo ID confirmation screen is displayed.
- Now you have to Provide Photo ID.
- On the ID verification page, click the Start button on the. A Submit Identity Card page is displayed.
- Now you have to select the option to take a photo or upload an existing file from your device.
The complete Face Verification process
LocalBitcoins is a leading peer-to-peer trading platform founded in 2021. At present, it is serving over 100 countries. The official site LocalBitcoins.com allow you to trade bitcoins through online trade by escrow services which are known as over-the-counter (OTC) trading.
People love to buy and sell bitcoins on the OTC market because it allows for faster transactions and more varied payment methods. Centralized bitcoin exchanges are slow and cumbersome, with direct interaction with other users of the same payment provider, money moves much faster. This creates the best user experience for customers. Hundreds of bitcoin traders around the world make active trading bitcoin on official local bitcoin trading websites using over 60 payment methods. Many are interested to create their own Local Bitcoin clone Script similar to the bitcoin exchange. It is a great idea where the trade uses Local Bitcoin Script to build a website similar to LocalBitcoins.
There is a four-tier verification process like T0, T1, T2, T3 for LocalBitcoins :
T0: Accounts that have completed their Onboarding process have the complete rights to access and buy bitcoins and sell Bitcoins to other users who create advertisements by replying to them.
T1: This tier of verification is needed to deposit Bitcoins in the LocalBitcoins wallet address and to create advertisements. T1 can use all the advertising, trade and wallet features.
T2: The T1 users who verify their accounts can upgrade to T2 to increase their trading limit or if requires a T2 status of a corporate account. The user can confirm T2 after the T1 verification process by answering the questionnaire and provide proof-of-address. The proof of address must be eligible and written in Latin letters. The documents are accepted in other languages like Chinese, Russian, and Arabic and should have an issue date of not more than three months. The user’s original name and address must match the account info.
The following are the documents used as proof of address:
- Bank Statement
- Credit card statement
- Utility bill (electricity, gas, water)
- Telephone bill (landline)
- Tax Returns
In most cases, the account level is determined by the annual volume and the volume of incoming trade, that is, the amount of money that has been credited to the account in the last 12 months, including purchases and sales. Credit transactions received in bitcoins.
The next level Tier verification is required when the trading volume arrives and the trade reaches the current level limit. However, the account may be moved to one of the following levels or may require additional verification in some special cases. Accounts that have not passed the required level verification cannot use the LocalBitcoins wallet service, advertising and trading.
T3: The verified users of T2 will be able to be verified for T3 once they reach a volume of 100000 € or for the special case accounts. The verification process of T2 is completed by passing the liveness test and just filling up the additional questionnaire and submit the required documents such as ID verification for T1. The test of liveness is a simple and easy process.
It is easy for any cryptocurrency development company that builds Local Bitcoin Script to provide the features of existing exchange and with additional features with the Local Bitcoin Clone Script.
Remitano clone Script is a copy of the p2p exchange platform with the exact features and specifications. The platform includes P2P exchange options that allow investors and traders to exchange or trade cryptocurrencies without any intermediaries. Based on business requirements, Remitano can be customized.
Users can add or remove any features, they can also add some additional features based on country regulations and preferences of users. Remitano clone App is useful for android and ios developers so that users can receive all updates and notifications to their smartphones.
Remitano Clone App Script has all the same features as the Remitano clone app and it will also expand your business by allowing users to receive notifications about the software changes. The Remitano clone app script has many features in addition to general updates.
Features of Remitano Clone Script
- P2P Trading
- Escrow Wallet
- User friendly
- Encrypted Chatbot
- CMS security
Bitstamp is a well-known centralized cryptocurrency exchange platform from Europe that started in 2011. Bitstamp clone Script is a popular White Label solution with all the features and functionalities with essential features like Bitstamp. Cryptographic transactions conducted on our platform are protected by multi-layered security. The entire platform is well protected with security features like SSH keys, whitelisting, registry keys, etc. You can build your business with this amazing solution in no time.
You can also create your own Bitstamp clone software to start your own business then you can approach a Bitstam Clone Script development company to earn a massive user base. We offer Bitstamp clone software at cost-effective prices.
Bithumb Clone Script
Bithumb is a top-most cryptocurrency exchange in South Korea with headquarters in Seoul. Bithumb offers altcoins and also trades Bitcoin. The Bithumb has a high trading volume of $100 million every single day, however, it has reached as much as $2 billion. Apart from Korean, the Bithumb crypto exchange website is also translated into several other languages such as Hindi, English, Japanese, Chinese, and Spanish.
If you are looking to build a platform like bithump, you must have a proper business plan to start.
- Decide the location you want to launch your crypto exchange to appeal to more traders to your platform.
- Check with the security features you require and want to integrate for your Bithumb clone script.
- A platform like bithumb crypto exchange allows only WON(KRW) Korean currency, you are allowed for the total number of currency pairing in your crypto exchange platform.
WazirX is the most popular marketplace for digital creators and artists. The white label wazirX clone script is the best and popular marketplace with 100% source code encrypted with all the security features and copies all the functionalities of the original Wazrix platform. Our Wazirx copy exchange script has been successfully tested and developed completely according to cybersecurity principles, our white label wazirx copy script promises the highest security and still cannot be hacked. The great thing about our exchange like wazirX script is that sole traders can customize it to suit their business requirements and stand out from the crowd.
Features of WazirX Clone Script
- Escrow with smart contracts
- OTC trading
- Options trading
- Bounty Features
- Cryptocurrency Staking
- User-friendly CMS
- ERC-20 Ethereum Tokens/ TRX tokens support
- Automatic Swap
Poloniex is one of the most powerful p2p cryptocurrency exchanges platforms offering advanced features and high security. The platform offers investors and traders unique features to analyze the crypto market and accomplishing trades.
The poloniex clone script also has the same features as the Poloniex platform as it supports coin pairing such as bitcoin pairing, USD pairing, Monero pairing, and ETH pairing. An exchange like poloniex allows its users to sell and buy cryptocurrency through stop orders or market orders.
Launch your exchange like Poloniex with our Poloniex clone script to get the best cryptocurrency exchange benefits.
KuCoin is a secure cryptocurrency exchange platform that allows users to easily sell, buy and store cryptos like ETH, BTC, KCS, etc. It is started in the year 2017 and headquarter is situated in Singapore initiated by the businessmen who worked for similar projects. Kucoin aims to provide safe bitcoin trading for all its users.
Kucoin clone script has all the security features similar to KuCoin and we can add additional features to enhance security and functionality. We provide entirely a Whitelabel Kucoin clone script and Kucoin clone app to rebrand your business and get updates and notifications directly to your mobile devices.
Shamlatech Solutions offer various crypto exchange clone scripts that meet the latest trends and requirements. We develop all types of clone scripts to ensure customers requirements. Our White label Binance clone script and White label paxful clone script is the most popular one with customized features. We have a professional team that are experts in developing popular clones. Our core development process is transparent and trustworthy. Our team work collaboratively to provide you with the best crypto exchange clone and make it popular globally.