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How to Start a Cryptocurrency Exchange?

by Hashogen | Oct 21, 2020

If users like to start a cryptocurrency exchange business and launch own, then you should know not only about the quality development methods but also need to know the features of this kind of project. 

As best thumb rule, users who want to launch a cryptocurrency exchange platform must understand how similar projects work. In addition, crypto-exchange platforms are gaining great popularity.

Where to Begin 

Primary, you require determining which platform you like to develop. All projects could be divided into three types: 

  • Crypto-currency exchange
  • Crypto-currency trading
  • Crypto-currency trading with marginal trade and leverage

Crypto-currency exchange

It is the first kind of platform faced by novice traders with crypto-currency. Their main feature is the simplicity of the interface. Though the blockchain is a complex technology, exchangers could spread it around the globe. These are exchanges between the user and the administrator for buying and selling. 
 
Different Method of Earning 

Platforms of this kind have their own internal reserve of money in numerous directions such as bitcoin, dollars, Ethereum and so on. More importantly the active payments and operations are conducted on behalf of administrators to users. As well as the offline exchangers that are usual for us, these popular platforms earn on the exchange rate or crypto-currencies. 

As best thumb rule, the cost of buying bitcoin in exchangers is higher than on the exchange, and sales are lower than in the market. The good answer is simple, like all ingenious in this globe. The administrators and owners earn money on the difference in the exchange rate, due to this, the exchanger functions and operate. It is noted that the difference in rates could be from 1.5% to 8%. It depends on direction and currency. 

Crypto-currency Trading

In this platform it is a market for the provision of services and just charges a commission for successfully executed transactions. Interestingly, the commission is paid by both sides and it is one of the tricks of this platform. Moreover it is the main source of income. 
 
Cryptocurrency trading platform with marginal trade

Margin trading with a shoulder is the top apex of the cryptocurrency trade. As thumb rule, it is used either by professional traders or by those who possess insider information. As a result it can be profitable. 
 
Why to Select Hashogen Technologies?

It is a familiar motivated cryptocurrency exchange software development company with a team of skilful resources. Their key motto of us is to offer technology-driven services at an affordable cost without compromising the quality.