8 Things to consider before launching Your Own Cryptocurrency Exchange Platform

Do You Know? Cryptocurrencies have started changing the operations of several industries because it will create a huge impact in the future. In the current scenario, every business owners are ready to invest in a scalable cryptocurrency exchange platform, and also it has become a more profit for their business. Today, there are many numbers of crypto trading websites available in the market. Everybody is willing to know about the types of cryptocurrency exchanges, the cost to develop, and the basic things related to crypto exchanges.

Let's discuss what is a crypto exchange? and the steps are taken into it before launching your exchange software.

What is a cryptocurrency exchange platform?

In simple words, it's an online marketplace where you can trade your digital assets at market value. It acts as an intermediate between the customers and traders of virtual currencies.

Types of cryptocurrency trading platforms exist in the market place:

You might have heard about the term "centralized (or) decentralized exchange" before. It refers to the different models of the crypto exchange platform. Let's see, how many models available and what about its advantages.

Centralized cryptocurrency exchanges:

It involves a manager who can handle each user's funds, while intermediaries can execute the transactions of trading fees. This type of platform has suffered a lot due to a lot of security issues. Even though it provides more sufficient liquidity and significant trading volumes, the data security problem is a major concern in this platform.

Decentralized cryptocurrency exchanges:

It's a reciprocal of the centralized exchange platform. There are no intermediaries where interfere in the process of transferring funds. This kind of exchange platform is very secure and also users can perform their operations independently. However, liquidity is less but there are no security issues available here.

Hybrid cryptocurrency exchanges:

In this platform, its a combination of both centralized and decentralized exchanges. And also it provides liquidity and security in a balanced manner. It uses a Peer-to-Peer (P2P) networks for trading purposes. Here, the third party plays a major role and a smart contract integrated with the escrow can perform cryptocurrency transactions faster.

Factors to look on it before initiating the cryptocurrency exchange development process:

⦁ Understand market research
⦁ Hire an experienced and a legal team
⦁ Find your ideal location to perform operations
⦁ Follow the existing regulations
⦁ Determine the cost to build a cryptocurrency exchange platform
⦁ Collaborate with well-experienced service providers
⦁ Technical support
⦁ Reach your target audience

To Know More about this blog, Check Here -> Factors to consider before when processing your cryptocurrency exchange platform development

Features should be included in every cryptocurrency trading platform:

⦁ Simplified Registration, ie. Signup/Login
⦁ Enrich UI & Engaging UX
⦁ Secure Admin Panel
⦁ Adequate Liquidity
⦁ Investors Panel
⦁ Multi-Lingual and Cryptocurrency Support
⦁ API, KYC and AML Integration
⦁ Security Measures like Two-Factor Authentication and Encryption
⦁ Advanced Trading Engine and Low Trading Fees
⦁ Automated Transactions
⦁ Security Protocols

Conclusion:

The above-mentioned guidelines are the process to begin your cryptocurrency exchange development. To launch your futuristic and well-performing trading platform incorporated with the latest features, reach out to the topmost blockchain development company that offers the best cryptocurrency exchange platform development services with trendy solutions at an affordable cost that will meet your business objectives effectively.

4 Things You Should Need to Know Before Trading Bitcoin and Cryptocurrency

As every new investor enters into the bitcoin and cryptocurrency market, one should always think about how to get rid of losing money in it. Interest towards cryptocurrencies has been raised in 2019 and Bitcoin's (BTC) gets 300% impressions ranging from $3,130 in February 2019 to $13,800 on June 26. From this survey, we can say that the interests of bitcoin have grown up.

Luckily, the new investors started investing in digital assets is pretty much easier than it was before 2017. But, there are some crucial factors avail that you must need to consider before buying crypto-assets.|

Here, we are going to look-out the important things that every investor much consider as before you start buying your first cryptocurrency and also in trading.

The market capitalization of Digital Assets:

Presently, there are more than 4,900 cryptocurrencies are life and also have been listed across all the exchange platforms. Media is only focussing the top cryptocurrencies according to market capitalization and these are the tokens most related to the new and seasoned investors.

First of all, market capitalization shows the size of the company, and the metrics can be calculated with the help of its asset's price and multiply it with the total numbers of available shares.

Currently, there are more than 4,900 cryptocurrencies listed across a long list of exchanges. Media tend to only cover the largest cryptocurrencies by market capitalization and these are the tokens most familiar to new and seasoned investors. It offers insights about the risk level of the investment and that's why its very priority to check the market capitalization of digital assets before buying it.

Check Volume of Trading:

Before purchasing, every investor must need to check-out the trading volume of digital assets essentially. Each trading has started to investigate more about the obscure of smaller market capitalizations of altcoins because it is essential to know about how many tokens are bought and sold by the investors daily.

The high trading volume shows that it will be very easy to trade digital asset whereas low trading volume shows a lack in the liquidity and also every trader could found it difficult to buy and sell cryptocurrencies. Digital assets with extremely low trading volume show that it's dead and in the year of 2019 November, some of the largest crypto exchanges demoted tokens which have low trading volume.

Avoid Loss and Gain Profit:

The tips which I am describing here is not a metric that plays into a digital asset analysis, it is important to have a plan for every trade. This will help you to avoid the fall of trading. Every good investor needs a develop a plan for the price which they need to buy and sell an asset without fluctuating from this plan. Each plan thinks about what kind of actions you have to take in this plan to increase your profit more.

Store Your Cryptocurrencies Safely:

Keeping your bitcoin and any other cryptocurrency on your exchange is one of the options, this method reduces secure and should be avoided is possible, particularly for large amounts. Trading and keeping your funds on the exchange is that you are willing to lose your digital assets and it makes you more stressed. So, many investors go with the hardware wallets that can store the digital assets or more precisely, the private keys to those digital assets, where they can be accessed from offline by the owner.

Moreover, there is avail of software wallets, that allow investors to store their private keys to their cryptos with an app that can be easily accessible for the laptop, iPad and smartphone, etc. Ultimately, both of the options are keeping your fund secure, and also there is a chance of getting hacked and funds can be theft. But, this is mostly a risk that every digital asset holder must be aware of when yield control over their funds to other trusted entities.

Wrapping Up:

The cryptocurrency investment doesn't have to be much difficult. Before taking any actions, investors need to make a plan and each trader should have a responsibility to do their research before investing in any of the assets. Are you planning to start your cryptocurrency trading platform in the future? Reach out to the top-most cryptocurrency exchange software development company that provides the best solutions for your business and also who helps you to make your platform more futuristic and gain a more profit from it. 

Bitcoin Exchange Script - Launch Your Cryptocurrency Trading Platform Instantly!!!

 As we all knew that the number of crypto traders has been increasing day by day, due to the number of cryptocurrency exchanges. One of the popular messaging app "LINE" has started a "BitBox" in the year of 2018 and also "Yahoo" - one of the popular email service providers launched their own crypto-trading platform on May 30th. Initially, this crypto exchange accepts any bitcoin, ethereum, ripple, and litecoin, etc. This exchange has both a website and a mobile application to buy and sell cryptocurrencies. Nowadays, most of the traders are looking for crypto exchange as one of the best opportunities for online business and making more online from home. Because of the popularity of cryptocurrencies.

One of the main reasons behind the hype of the cryptocurrency exchange platform is Bitcoin. It has become more popular across various countries among the business owners, entrepreneurs and crypto enthusiast which excited them to start their own cryptocurrency exchange website from the scratch and also instant platform created with the bitcoin exchange website script

What is the bitcoin exchange website script?

Bitcoin exchange website script is nothing but a custom-made programming code, it is programmed in any of the languages such as PHP, mean stack, javascript, or any other. This script helps you to build your worn crypto-trading website easily in an already existing code with some customization options.

Factors to consider before launching your own bitcoin exchange script:

Here, we have mentioned the few important elements in order to avoid the burden of creating a cryptocurrency exchange platform with the bad exchange script.

Architecture:

For any bitcoin exchange script, security, speed, and recovery are the most important factors which determine that it is the best script. Make sure to read the document to know how the software is structured. There are many ways that a bitcoin exchange script might be structured, moreover, all the exchanges need a wallet module, trading engine, admin panel, and best user-interface.

Generating Liquidity:

One of the most factors that need to consider for any new bitcoin or cryptocurrency exchange platform is the liquidity. Without this, investors won't gain their orders frequently and an empty order book will make scare away the customers. Most of the exchange scripts provide some techniques to generate liquidity. There are basically two ways to generate more liquidity. The one, linking your platform from an account with the other big exchange and you can generate your orders through the other exchanges. The other is creating bots in your bitcoin exchange script that buys and sells cryptocurrency and it helps in creating the order history.

Attractive User Interface:

Intuitive design is the key to provide a good user experience that makes every user want to continue using your exchange platform. Many of the quality exchange scripts include a pre-built UI and also have the ability to customize the interface as per your brand needs. They should also provide the best support for external APIs that provide real-time trading information. 

KYC, AML, and other measures to secure your platform:

To keep your recently launched cryptocurrency exchange platform legal, it is crucial for it to be compliant with the regulations. Depends on your target audience and location, the regulations for the crypto-exchange must vary. It is a little difficult to generalize about regulatory compliance. But, most of the countries require KYC (Know Your Customer) and Anit-Money Laundering (AML) for all banking and currency exchange institutions. Any good bitcoin exchange script has an integration of both KYC and AML. So you should verify that how it works on any script you considered.

Why should you build a crypto-exchange website using a script?

Developing a cryptocurrency exchange from scratch takes more time, and effort to do. On the other side, with this script, it will help you to start the development time and also you can customize the entire platform according to your business needs. Which one makes you more comfortable?

Where you can get the best cryptocurrency exchange script?

You can easily find out the best companies that offer the bitcoin exchange scripts. I am suggesting one of the top cryptocurrency exchange development company that provides end-to-end cryptocurrency exchange development services at an affordable cost. There are more companies offering exchange scripts, but one thing you have to be noted down that who has more experience provides a rich-feature platform and highly-secure exchange script. 

How to Increase Your Liquidity in the Cryptocurrency Exchange Platform?

 To launch a successful cryptocurrency Exchange software, it is crucial to check that your crypto-exchange has high liquidity or not. Before understanding how to gain high liquidity, lets us discuss briefly what is liquidity and why it is important?.

What is Liquidity?

Generally, liquidity is the degree whereas a digital asset can buy (or) sell for cash without affecting the cost of your asset. For the reason, the concept of liquidity in cryptocurrency indicates that exchanging orders are matched with each other in the minimum time. Higher the liquidity in your crypto-trading platform, the cost of cryptocurrency also would be high.

Let us consider, world's most popular crypto exchange platform like Binance (or) Coinbase, because of high liquidity in the platform, they are achieving to a greater extent.

What does cryptocurrency liquidity providers do?

Cryptocurrency is unstable - that is the cost may vary each day. Market makers (or) liquidity providers play an important role in keeping up the stability by enhancing the trading volume. Moreover, marketers don't work for free and they are making plenty of money from this business. They play on the price gap of cryptocurrency exchange and also chare an extra commission fee for each transaction.

Achieve high liquidity in Your crypto-trading platform:

If the liquidity is low, crypto-exchanges usually try to engage market makers by the following methods:

• Reducing the maker trading feeds.
• sharing a profit from the taker feeds.
• Provide payments to the market makers for their activity.

How to Choose the best cryptocurrency liquidity solution providers?

If you are looking for the top cryptocurrency liquidity providers, it is important to know that they can satisfy your following criteria.

Depth of Market:

Understanding market depth is an essential one. This shows the indication of the liquidity and depth for a particular cryptocurrency. The higher the number of exchange orders at each price, the higher the depth of the market.

Faster Executions:

Liquidity provider/market maker should provide a fast trade execution with requotes or slippage at the time of high impact. 

Costing:

A liquidity provider's price offering should include the more competitive spreads as well as low commissions and swaps with no compromises on each side.

Data Feeds:

A liquidity market maker must offer client data feeds that are more stable and reliable. The feeds of the price should reflect the real-time prices from all the relevant exchanges as well as the interbank forex market. Any kind of delay in delivering the price data may result in the gap.

Reporting:

Your liquidity market maker should be responsible and more efficient in completing their daily tasks. Though many deviations could happen at the time of certain circumstances. To avoid this, an automated trading server should be offered to every person who is collaborating with the liquidity providers to check the transactions.

Build Your Cryptocurrency Exchange Platform with the High Liquidity:

From the above discussion, we can understand that liquidity is an important one for any kind of cryptocurrency trading platform. We, At Osiz Technologies - A leading cryptocurrency exchange development company offers an end-to-end cryptocurrency exchange development services integrated with the high liquidity and security features.

And also, we provide white-label crypto-exchange solutions that aid to launch any kind of exchange platform within 7 days. On the other hand, we can also build customized crypto-exchange software from scratch according to your business needs. 

How Can Blockchain Technology Transform the Healthcare Industry?

 Nowadays, blockchain technology has a greater impact on the healthcare industry forcing towards digitalization and transformation. If you are planning to hire a blockchain development company for your healthcare startups, this is the best time to enhance your medical industry into a modernized world with the help of blockchain technology.

What is Blockchain Technology?

Most of the industries started to explore this technology since the blockchain entered the global market at the end of 2016 (although it was discovered in 2008, none of them have used widely).

The concept of blockchain technology is simple, it consists of the number of blocks interconnected together continuously, that is growing and changing to the specific industry according to the needs. The blockchain technology is based on the distributed ledger which contains data. In other words, a block with new sets of information (medical data like patient medical records, medical device logs, the temperature of medical products at the time of shipment). When a new block is completed, it would be interlinked with the chain of previously created blocks. Hence, a large set of blocks with the information is created, where data is stored and can be accessed easily anytime.

Another important of blockchain technology is the smart contract which can perform specific actions with the information is stored in the blocks. For example, it helps to search the data of transactions or records and examine the upcoming actions that might occur at the time. The smart contract helps to exchange money, shares, or properties with the help of blockchain technology. It will automatically define the rules and penalties for every agreement and enforce obligations.

What blockchain technology has changed in the healthcare industry?

Healthcare and medical industry have started changing due to the blockchain technology. Before the blockchain, the technology used in the healthcare industry is centralized. Moreover, now it's time to explore the benefits of decentralized technology as well. For example, storing much more medical-related information has become more safe and secure due to the implementation of blockchain technology. Moreover, many blockchain technology software providers for the healthcare industry have already entered into this market.

Most of the medical and healthcare industry started improving with the help of blockchain technology. Because the major benefits are to strengthen the process of storing and safeguarding the information and delivering an auditable trail of productions and shipments process in an automated manner.

Most of the ways are there how blockchain and healthcare are connected and interact with each other. in terms of temperature control, it is very important for pharmaceutical products - as it should be kept under a specific temperature range which is important to store in the warehouse, shipment, and dispensing. This information must be tracked entirely with the help of blockchain, whereas smart contract determines the stability of the product.

Blockchain technology is already used for transferring files on the clinical trials, patients data and pharmaceutical history storage, and maintenance of the blockchain network with patients, physicians, and payers with the further determination of CMN through smart contracts, to avoid intervention.

Conclusion:

As a result of the rapid growth in the blockchain, the healthcare industry has already transformed with the help of technology and started to implement it into their business by collaborating with the top blockchain development companies. Because, they can provide you the best blockchain development services, and also understand your business needs. This includes not only the pharmaceutical companies but also the healthcare institutions and hospitals where blockchain has started to implement faster and it helps in problem-solving more efficiently.

Top 5 Real World Blockchain Technology Applications

Depending on the popularity and hype acquired by blockchain technology in the last few years, it won't say that blockchain is definitely a game-changer and also it can be considered as the next big thing to occurred in the inventions of the internet. In simple words, it stores a record of each transaction that can be accessed by everyone who is all into the networks, therefore eliminating the requirements of a centralized authority. It stores and collects the information in an encrypted blockchain with much safety and security.

Let's see at some of the top real-world blockchain technology applications over various industries here.

1. Supply chain management

The integration of blockchain technology in the supplychain industry can increase the overall efficiency of the supply chains and also give the exact identity of the location of each item in the supplychain. With this technology, it aids to avoid the loss of data, and also we can monitor the quality of the products while in production.

2. Healthcare

In the healthcare industry, the patients will be an important one to look through and also the need to keep the right information of each patient's medical records safe and secure. Because the security and privacy of health data are very important. It can help to trach the batch and serial numbers of prescription drugs. Nowadays, some of the hospitals have started to record the patient's data with the latest ways of handling the data and they are using blockchain technology to store each patient's record confidential. With the help of access key provided to each patient can help them to access their medical records, therefore keeping the control of who can view the data. Patient's diagnoses report can also be stored so that they can easily track the history of the patient's health conditions.

3. Food safety

The use of blockchain in the food safety industry can have the ability to trace any kind of foods from its staring to your plate. By the use of an immutable feature of blockchain, the transport of food products can be traced from their beginning to the supermarket. In the case of food-borne infection occurs, the source of food contamination can easily be traced faster and accurately.

4. Digital voting

Avoiding fraudulent activities in the voting industry has always been a good concern. It won't occur hereafter. You can make your vote truly with the help of blockchain technology. It could make the voting process more transparent and if any changes occur which can be easily identified by the regulators who are handling this process. The token-based system is created with the blockchain would ensure the system of "one unchangeable vote per person".

5. Real estate

Ownership and property details are entirely stored in the blockchain networks, therefore it can be much easier to trace and transfer ownership safely and also can easily be viewed, altered, and updated whenever you required. To avoid the elimination of paper for the equation, it gives a very clear picture of the legal documents.

Wrapping Up:

The above-mentioned things are some of the real-world applications of blockchain technology and it will continue to evolve and adapt more. Blockchain is one of the innovative technology which surprises most of the industries. The functionalities of blockchain technology are admirable and everyone has to remember that this is not the solution to any kind of problems and it suits according to the needs and surroundings. Because the applications of blockchain technology will vary from one industry to the other. So, if you are planning to build blockchain networks for your industries to keep your information more secure and safe from the hackers, reach out with an industry-leading blockchain development company. They can help you to build a blockchain network according to your business needs and circumstances.