Development of a turnkey crypto exchanger: website, bot, application

A cryptocurrency exchanger is a platform that mediates between buyers and sellers of digital currencies. Its main task is to ensure maximum transaction security and create a comfortable environment for both parties.

If we consider the development of a crypto-exchanger as a business idea, then it has great prospects. And that’s why:

• in this market, demand continues to exceed supply;
• there are no global platforms, so you can compete;

• requires moderate investment in technical development and marketing;
• quick payback, regardless of the exchange rate.

In this article, we will look at what the profitability of a crypto-exchanger consists of, what basic functionality it should have, and what launch options exist.

There are three main sources of income for a digital currency exchanger. Let’s consider each of them in more detail.

Publication fee

The exchanger can make a profit regardless of whether the transaction actually took place or not. The commission is debited immediately after creating an exchange request. It should not be large, so as not to scare off potential users even at the stage of getting to know the service. For example, many popular exchangers charge a flat $ 1-2.

Transaction Fee

Charged by the service after a successfully completed transaction. It can be debited from the sender as a separate fee, or from the recipient – in this case, the amount minus the fee will be credited to his account. This is the main source of income for the crypto exchange.

The size of the commission can vary from 1 to 10%.

Income from advertisements

To increase the profitability of the site, you can charge a fee for posting on the site or in the application of the ad or banner exchanger.

The main risk in trading digital assets is their high volatility. Within one day, the value of a coin can fall by 40%, and then soar by 120%. But, this does not apply to the crypto-exchanger. It can be compared to a static unit, which does not matter what changes occur around. It simply charges its fixed percentage on each transaction, generating income for its owner.

Therefore, if you decide to create a crypto-exchanger, you can ignore the rate of digital currencies. Instead, focus on creating convenient, understandable and powerful functionality that will ensure the safety of transactions and attract the attention of market participants.

Crypto-exchange website development is a long process. This is a project that can be improved almost endlessly: to improve design, usability, speed of work, security … But, launch speed often plays a decisive role.

Therefore, we recommend starting with the implementation of the basic functionality and then improving it during Alpha and Beta testing. This will collect feedback from users and create the product they really want.

Among the basic functionality, in particular, the following is worth highlighting.

Registering and managing a profile

The basic function of the exchanger is the development of a personal account, where the user can get after registration. It is important to consider here that the cryptocurrency community prefers to work anonymously, therefore, about registration via social media. network or mobile phone must be forgotten. The only thing that can be made mandatory is to specify the email address.

After entering the personal account, the user should be able to customize his profile and add a phone to enhance security.

Crypto wallet

A registered user must be able to store and manage their assets: sell, buy and withdraw from the system. To do this, you need to implement internal wallets. They can be either full-fledged crypto wallets or internal wallets, the balance of which is actually on the general wallet of the exchanger.

Security Tools

The creation of a crypto-exchanger is based on ensuring security, since the activity of the service is associated with large financial transactions and personal data of customers.

Functionality of buying, selling and exchanging cryptocurrencies

This is the main purpose for which people will come to your portal. This will require the development of not only the P2P exchanger itself, but also integration with popular payment services: PayPal, WebMoney, etc. for depositing and withdrawing fiat funds.

It will also require the development of an online chat, through which the buyer and seller will be able to discuss the terms of the exchange.

Current courses

A table with up-to-date digital currency rates will help users make a quick assessment of offers and choose the option that suits them.

Rating system and reviews

Users should be able to leave feedback on cooperation with different contractors. This will help “squeeze” unscrupulous users out of the system and show newbies who can be trusted.

Avada-Media uses cutting edge technology to develop sophisticated software solutions. We can implement a website, Telegram bot and a full-fledged crypto-exchanger application for IOS and Android platforms. This will make your project even more convenient and accessible for users, which will significantly increase its popularity and demand in the market.

API development

An API is an interface that enables your project to interact with third-party programs and servers. In simple words, you can develop a crypto exchanger API that other resources can use for their own tasks, while all commissions for transactions will be received by you.

Avada-Media specialists can develop a project of any complexity. We create unique solutions tailored to meet your needs. Without unnecessary functionality and templates.

We work on a turnkey basis: from the first ideas of the prototype to the conclusion of the exchanger for monitoring and further technical support.