How To Start A Cryptocurrency Exchange Like Coinbase

Published by

Alice Jenifferze activities: Digital Marketer

May 24, 2021

Cryptocurrency Industry is on top, Many business person wants to kick start their own cryptocurrency exchange, By making use of coinbase clone script, anyone can start their exchange instantly and easily. Here is the steps to start your own bitcoin exchange

 

Goal Setting

It is the first-ever stage in any business, here you need to identify the right goals

  1. Entrepreneurship demands perseverance, you need to do lots and lots of market research to identify what is going on in the industry, its impact, new trend,  etc so that you are able to frame things in the right way.
  2. Create your own vision and mission for your business, even if you choose to launch a Crypto Exchange like Coinbase
  3. Spot out your competitors and be clear in your business niche and what services you actually going to provide
  4.  Have a look at your competitors' feedback and focus more to turn out their weaknesses as your strength.
  5. Try to give some clear cut solutions for the Current Issues in the Crypto Industry

Planning

In this Stage, you need to derive the path for your goals. actually, more precise than the above stage. Coinbase offers its service in mobile applications as well as on the web for their traders. You need to choose which suits you in the initial days.

It’s better if you provide the following features in your Crypto Exchange

  1. Multiple Cryptocurrency Wallet Support
  2. Notification Alerts
  3. Transaction history Details
  4. DEX 
  5. P2P Trading
  6. Cryptocurrency Loans
  7. Token Support
  8. Escrow protection

And these are already integrated with our Clone Script. Get a proper license for your business legally and it will help you to get traders' trust.

Development 

If you Create a Crypto Exchange at your own risk, you need to hire many experienced Developers such as

  1. IOS Developer
  2. Android Developer 
  3. Graphics Designer
  4. Back end Developer
  5. Front end Developer
  6. Project coordinator
  7. Testing Engineer

And it costs more than you think, there is no assurance for future guidance so that we develop a bug-free, fully tested Coinbase clone script for budding entrepreneurs it obviously saves much time and effort.

In the development process, you can use tech stacks like java, python, My SQL,PHP as the backend and could consider react native and angular js for application development.

Deployment

Your Exchange will be all set for deployment, once the Development Process is completed. Proper marketing strategies are needed to be implemented before the market launch

Marketing Strategies

Unique marketing strategies are the backbone of any business model. Popular Cryptocurrency Exchanges such as Binance, Wazirx, have initiated innovative ideas like Conducting campaign, Referrer Program, investing in some other projects, etc. you need to build a strong team for marketing and need to derive plans accordingly. 

Cryptocurrency Industry is on top, Many business person wants to kick start their own cryptocurrency exchange, By making use of coinbase clone script, anyone can start their exchange instantly and easily. Here is the steps to start your own bitcoin exchange

 

 


Articles authored by Alice Jenifferze

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