OTC exchange vs P2P exchange

The cryptocurrency exchange and trading might seem similar but altogether different. Based on the convenience and the mode of exchange Bitcoin Exchange Software can be divided into 2 further types as per the title. Over the counter exchange and Peer to Peer exchange are the two major types of exchange that have been used widely. Choosing either one of the types as the best is kind of a Battle Royal, though we are aware of certain key elements of both the exchanges we can compare it better.

Let’s save some time:
Timing is the major factor in any kind of activity, if a similar activity is performed with the same result at different times the better-timed feature will be preferred by any section of the users. In terms of time, the OTC exchange follows a direct buy and sell method with the broker or an administrator. So when the user wants to exchange the anytime active broker desk will be available to complete the transaction instantly.

Considering the P2P exchange, it is a peer to peer activity and it will be processed between the users directly. The process will be as whenever the buyer finds the seller, the trade will be initiated and then it will be completed. Here it will take time to find the suitable buyer or the seller to pursue the transaction and the timeline is completely dependent on the availability of the counterparty to proceed the transaction which makes the timeline uncertain.

Making money:
The cryptocurrency exchange process will be initiated only in order to make a profit in most of the occasions. Choosing the type of exchange that is going to be pursued can be decided based on the amount of profit that differs in both the possible modes of exchange. When the user wants to sell it instantly it is best to choose Over the Counter bitcoin exchange rather than peer to peer exchange but when the user prefers to exchange with a better profit margin then the user should choose peer to peer exchange where they can meet multiple buyers or sellers to choose.

Conclusion:
Both the platforms have their own advantages and disadvantages and ultimately it's the trader's decision to proceed with the convenient mode of exchange. In an entrepreneurial point, both types of exchange applications are successful in the market and serve as a good idea, to begin with. Cryptocurrency exchange development companies offer the plug and play Whitelabel bitcoin exchange software for the entrepreneurs to begin their business with. Cryptocurrency trading script similar to localbitcoins and luno helps you to launch an OTC exchange platform instantly. Hashogen Technologies is one among the top blockchain and cryptocurrency exchange script providers in the market that offers a well developed and tested application that is more affordable and flexible.

Source: https://cryptoexchangesoftwares.tech.blog/2020/06/02/otc-exchange-vs-p2p-exchange/

How to run a cryptocurrency exchange successfully?

Launching a cryptocurrency exchange can be done within a shorter period of time than one can imagine. With the help of a feature-filled bitcoin exchange website script, cryptocurrency exchange business can be started within a single day in no time but launching the exchange in the market is not enough to run the exchange successfully and to sustain. There are a lot of factors that are needed to be successful and it should be followed in order to run the exchange successfully. Things that should be noted for the proper running of exchange are mentioned and described below.

Liquidity:
Providing liquidity for the users in the exchange throughout the run is a much-needed aspect that is needed to be considered. With ever-flowing liquidity, trade should proceed constantly and without any interruption.

Scaling:
A cryptocurrency exchange should be scaled from time to time in all aspects. It is mandatory to integrate new currencies often which will motivate the traders to trade often. The scalability of the exchange also depends on the introduction of new features within the platform will engage the traders and users to invest more time and money into the platform thus increasing the market capital and reputation of the exchange application among the users.

Easy check-in and out:
Even after the increment in the number of users, checking in and checking out of the exchange should be hassle-free. This includes approval of the KYC, Instant deposit and withdrawal, instant trade, etc. The entire flow should not get delayed and if it is delayed then the reach of the platform will be diluted. To become the best cryptocurrency exchange software it is mandatory to have a proper check on the things mentioned above.

Global Audience:
Marketing is a very important factor to be considered in any kind of business. Marketing can make or break a business with its approach. Promoting an exchange needs perseverance and the right way of approaching. By reaching global audiences through effective marketing opens a lot of offerings for an exchange platform like tying up with the local exchange for maximising trade and liquidity.

Security:
Even exchanges like Binance and Bittrex lacked security and paid a price for it by losing cryptocurrencies worth millions. So it is important to check and identify the vulnerabilities of the crypto exchange software. Integration of hot and cold wallets and mechanisms such as vault storage will also be helpful to improve the security of the exchange platform in all aspects.

Availability:
The exchange platform should be available for the users and traders at their convenient reach. The platform should be available in both the web and mobile versions and it should not be limited to a specific type of Operating system. This will increase the platform's availability and it will improve the involvement of the users.

Source: https://cryptoexchangesoftwares.news.blog/2020/05/18/how-to-run-a-cryptocurrency-exchange-successfully/

What is a hybrid cryptocurrency exchange?

The centralised cryptocurrency was the first exchange software that was developed and launched for the traders to convert the cryptocurrency to fiat currency and vice versa. Later after that, the centralised cryptocurrency exchange allowed crypto to crypto transfer due to the increase in the number of cryptocurrencies. Based on the advancements and the feasibility of the technology, Decentralised exchange was introduced. A decentralised exchange is a completely automated exchange. With the help of the smart contract that supports from the backend, decentralized exchanges can execute the trade without any manual operation. Years passed after the invention of decentralised exchanges but the technology provides the feasibility to invent a new type of exchange called a Hybrid exchange.

Hybrid exchange is a type of exchange which evolved by combining the mechanisms of Centralised exchange and decentralized exchange. Months after formulating the structure and developing by avoiding greater complexity while merging, Hybrid exchange is in its final leg of completion. Many development companies and the team of developers are working through it to conquer the market with such applications currently. Hashogen Technologies is also involved in the race of making a Hybrid exchange that can be able to be on par with the product that is going to hit the market.

The bitcoin exchange website script in hybrid mode will let the entrepreneurs launch an innovative type of exchange that can be able to win the market of centralised exchanges and decentralized exchanges jointly. The traders will also be able to perform trades with better security and with greater efficiency using the hybrid exchange.

The general objective of the Hybrid crypto exchange software is to take the experience of trading to the next level. Even popular exchanges like Binance are almost on the verge of becoming a hybrid exchange which increases the efficiency and speed of the matching engine and it reduces the time it takes to complete the trade.

Once after the launch of the first hybrid cryptocurrency exchange, it has the potential to become the best cryptocurrency exchange software application as it is packed with features. A proper mechanism that executes the trade off-chain that reduces the weightage of the block to block transfer thus results in a direct increase in speed and reduction in server loading speed. Hybrid cryptocurrency exchange would become the elite kind of exchange which can make the integration coins of different blockchains under a single roof much easier.

Source: https://cryptoexchangesoftwares.art.blog/2020/05/14/what-is-a-hybrid-cryptocurrency-exchange/

Essential features of Binance clone

It is a trend among the entrepreneurs to adapt or to recreate the business model of already existing applications which is successful and popular. People who know about cryptocurrency would definitely know about Binance as it is one of the most popular and highly successful exchanges in the market. Handling cryptos worth millions of dollars daily, Binance sets a benchmark for all other exchanges. There are many clone software available in the market which are promoted as Binance clones are the first to get approached by the entrepreneurs if they’re intended to start a cryptocurrency exchange. To adapt the tag Binance clone the script or the software should possess some essential features.

Trading Engine:

Trading Engine is the heart for any type of exchange software, So it is important to identify the capacity of the trading engine and the ability to handle the vast amount of transactions.

Order types:

By default, it is mandatory for a cryptocurrency exchange software to possess the essential order types. Limit order, Market order and Stop limit orders are the three major needed types of orders.

Captivating UI:

The exchange software similar to Binance should possess a captivating UI. UI is the first thing that the user or the trader will notice. The UI should be simple but attractive and easier for the user to manoeuvre.

Security:

Security should be like a skin for an exchange that should not be penetrated. A direct breach and indirect breach should be avoided and the system should boost the confidence of the user who uses the exchange with its security setup. Other than the mandatory 2FA, Withdrawal confirmation and other features, the internal security tuning should be done for the wallets and for the cryptocurrencies.

Apart from the essential features pointed above there are some of the advanced features available in Binance like P2P cryptocurrency exchange, token launch pad, margin trading and other features can be optional but it should be offered by the respective bitcoin exchange platform software provider to scale the exchange in a good and efficient manner.

Bitcoin exchange platform like Binance is offered by Hashogen Technologies which is one of the leading companies that offers solutions and services related to cryptocurrencies and Blockchain. At an affordable price and with a clear instruction during setup and after installation support Hashogen Technologies will be a good tech partner for the entrepreneurs who want to start an exchange like Binance.

Source: https://medium.com/@cryptoexchangesoftwares/essential-features-of-binance-clone-d9402f79f330

Why is this the right time to start a Bitcoin Exchange platform?

As the world is facing a pandemic which is almost as bad as the nightmare that will never gonna end in near future, the bitcoin price is constantly giving hope to its traders by maintaining a solid position in the graph. Being the master of cryptocurrencies, bitcoin is leading other cryptocurrencies from the front to hold the position in the market. This steady hold over the market gives hope to the entrepreneurs and traders a hope in mind. All kinds of businesses are getting affected badly and facing losses, launching a bitcoin exchange platform stands as a solid idea in the minds of entrepreneurs.

Bitcoin exchange platform can be launched within 4 working hours with the help of the cryptocurrency exchange software offered by Hashogen Technologies. 4 working hours to launch a cryptocurrency exchange may sound magical and next to impossible but the tried and tested software developed by knowledgeable professionals makes it possible. By providing the needed details, the exchange platform can be launched on a server with the total control for the admin to operate the entire exchange. The basic details that will be needed to launch the software are as follows:

• Logo and the name of the exchange that the entrepreneur prefers
• Preferred color scheme
• Server with the requested specifications
• Fiat currency details if needed

Once after providing all the information needed, the 24/7 working team of Hashogen Technologies will ensure that the installation will be done within 4 working hours. Bitcoin Exchange Platform Software offered by the team of Hashogen is developed by the in-house R and D team of the concern that is secure and can be able to process the transactions with ease. The security features enabled in the software ensures the security of not only the cryptos but also the data of the traders. The legitimate cryptocurrency exchange software provides the features that are essential to operate the bitcoin exchange platform under any jurisdiction. Features like KYC/AML provides the upper hand for the admin who operates the exchange to filter the users register in the platform.

Getting the Bitcoin exchange platform software from Hashogen Technologies is a great deal to seize the market at this time of pandemic that further boosts the confidence in the mind to scale the business to a greater extent.
Source: https://cryptoexchangesoftwares.tumblr.com/post/617564091865825280/why-is-this-the-right-time-to-start-a-bitcoin

Reasons why localbitcoins is a successful business model to be considered

Localbitcoins is a popular cryptocurrency exchange software that relies on a popular business model called escrow and dispute settlement model. This model is followed by many businesses that are done globally and the advantage of the model is that the user can be able to do the operation like buying or selling with a completely unknown person from any part of the world.

This popular method is adopted in localbitcoins, and the entire business operation is carried out by keeping this mechanism as a base. Implementation of this feature in the platform increased and it drives users towards it as it is already a tested and reliable method to perform transactions. As we all generally know the transaction will be performed as follows:

• By contacting the seller the trade will be initiated. Once after the trade has been initiated, the seller’s cryptocurrency will be escrowed by the automated mechanism and it will be forwarded to the admin’s control.

• The buyer will perform the transaction through the preferred medium for the buyer and intimate the seller about the transaction.

• The seller will confirm the transaction and release the cryptocurrency and the cryptocurrency will be transferred to the buyers account instantly and the operation gets over.

• In case of any issues, the respective parties will raise the dispute to the admin and the admin will sort out the issue by analysing the given evidence

This is how localbitcoins works and it motivates many entrepreneurs to follow the same. Starting an exchange like localbitcoins is one of the safest ways to invest and it assures the returns in a safest and easiest way than the entrepreneur can imagine.

Right place to find the best localbitcoins clone script:
Many cryptocurrency exchange development companies offer Whitelabel cryptocurrency exchange scripts like localbitcoins but, the number of software that functions with the proper flow and mechanism is very less in the market.

Hashogen Technologies is a leading Bitcoin Exchange Software development company that offers the exact and functional clone of localbitcoins that functions and satisfies the needs of the entrepreneur. The software offered by Hashogen technologies draws the users with its simple and easy to manoeuvre design which helps the investor to run the exchange successfully in the market. localbitcoins clone script offered by Hashogen Technologies is more affordable and it is the only scalable bitcoin exchange script available in the market.

Source: http://cryptoexchangesoftwares.eklablog.com/reasons-why-localbitcoins-is-a-successful-business-model-to-be-conside-a186363078

Centralised vs Decentralised cryptocurrency exchange

One of the widely discussed topics among the cryptocurrency traders is nothing but the differences between the Centralised cryptocurrency vs decentralised cryptocurrency exchanges. This discussion provides many kinds of perceptions each time when it arises. Introduction and innovation of various features and options in both the type of exchanges made the debate grow stronger.

As we all know that the centralised exchange is handled by an individual and they can handle and control the entire exchange. The decentralised exchange, on the other hand, is a completely automated platform. It does not possess any individual handling the operations behind it and everything is automated.

Though the decentralised exchange is automated thoroughly, the centralised exchange stands reliable and more dependable than the former. Some of the features that provide an advantage for the centralised exchange than the decentralised exchange are as follows:

KYC/AML:
Knowing the customer or the trader who uses the platform provides a huge relief for the entrepreneur or the shareholder. By knowing and by allowing the known person to use the platform and to trade only after analysing the background averts huge distress and reduces the vulnerability.

Off-Chain Internal Transfer:
An innovative feature introduced in centralised cryptocurrency exchange software is an off-chain transfer mechanism. The user can transfer the funds available in his wallet to the other user of the same platform just by using the email ID or the customer ID instantly. This will not be registered in the blockchain and there will not be any transaction fee for this.

Dispute System:
If anything goes wrong the trader or the user can rely on the admin and an effective dispute system will help the user to get rid of all the types of issues. This improves the brand value of the exchange and it increases the user database thus directly rises the revenue of the system.

Being a front runner type of exchange and being a successful business model, it induces and creates many entrepreneurial opportunities. With the help of the Whitelabel cryptocurrency exchange script of popular centralised exchange solutions like Poloniex and Bitstamp, one can launch their own cryptocurrency exchange platform.

Hashogen technologies is one of the leading blockchain development company and cryptocurrency exchange development company that offers ready to launch Bitcoin Exchange Software that can be introduced in the market within 3 to 5 working days. At an affordable cost, Hashogen Technologies offers the support and upgrades that are unmatched by its competitors and provides assistance for the entrepreneurs willing to start their own exchange platform.

Source: https://cryptoexchangesoftwares.wordpress.com/2020/05/01/centralised-vs-decentralised-cryptocurrency-exchange/

Types of Centralised Cryptocurrency Exchanges

Cryptocurrency Exchange applications in the market are evolving daily by adopting newer and innovative ways to ease out the exchange process. The number of exchange platforms is increasing day by day and only a few of them are staying in the market for long. Based on the exchange process and the way it functions, the cryptocurrency exchanges can be divided into 3 major types as follows,

• Order Book based exchange
• P2P exchange
• OTC trading platform

Order book based exchange:
Order book based trading and exchange are very famous and a traditional type of exchange. Using this the trader can trade with the help and assistance of the orders entered by the traders within the order book. The counter-order placed for the order available in the order book will complete the trade and if a matching order is not available in the order book then the placed order will get updated in the order book.

With different types of order-making methods such as Limit orders, Market order, Stop limit order, etc., the order book based exchange stands as the preferred type of exchange among the users and the traders.

P2P Exchange:
P2P exchange is otherwise known as Peer to Peer exchange is a simple exchange mechanism that will be conducted within the platform with the help of Escrow function. The buyer will find a seller and vice versa and the exchange will be initiated. Once after initiating the trade the respective cryptocurrency will be escrowed by the central mechanism and will wait for the buyer to transfer funds to the seller directly. By receiving the confirmation from the seller after receiving the money the escrowed crypto will be released to the buyer’s crypto wallet.
Localbitcoins and paxful are the best examples for P2P crypto exchange.

OTC Exchange:
OTC exchange follows a very simple way to exchange the cryptocurrencies. OTC desk is simply a broker desk where the user can be able to buy or sell the cryptocurrencies directly with the broker for a fixed or marginal price. This is also termed as an instant buy/sell process.

All 3 types of exchanges listed above have been adopted for many entrepreneurial ventures and tasting success in many parts of the world. Whitelabel cryptocurrency exchange software similar to Poloniex, LocalBitcoins and shapeshift will be helpful to set up a platform instantly. The advantage of using the bitcoin exchange website script is that it will consume less time and can hit the market within a lesser amount of time.

Hashogen Technologies offers Cryptocurrency Trading Script developed by an experienced team of developers that checks all the boxes of essential functionalities and the security features.

Source: http://cryptoexchangesoftwares.mystrikingly.com/blog/types-of-centralised-cryptocurrency-exchanges

Ways to start an exchange like Poloniex

Poloniex is one of the leading cryptocurrency exchange applications around the globe and it sets an example of how a cryptocurrency exchange software should be. It is friendlier in terms of UI and also in the way it works. It induces the idea among many entrepreneurs to launch a similar application as it is one of the successful business models.

Building a similar type of exchange from ground up is a complex task and it requires more time than one can imagine. The reason is that there are many things to be finalised before developing the software from scratch such as the stack, technical architecture, wallet configuration and many things. Instead of developing it from scratch, one can use the Whitelabel cryptocurrency exchange software similar to Poloniex.

The cryptocurrency trading script similar to Poloniex holds all the needed functions and the features available in Poloniex. The tried and tested trading engine associated with the bitcoin exchange website script similar to Poloniex will make it more functional and can handle the trade efficiently. Other than that the security features involved assure the security of the crypto assets handled using the platform. The cryptocurrency trading script should check all the boxes that are mentioned above to be an edible choice for the entrepreneur and can be identified as the best Whitelabel cryptocurrency exchange software.

The cryptocurrency trading script offered by the Hashogen technologies checks all the essential features mentioned above to launch an efficient exchange software similar to Poloniex. Not only the web version of exchange but also the mobile application in both the android and iOS versions are offered to make the exchange platform more appealing and to make it more user friendly.

Source: http://cryptoexchangesoftwares.over-blog.com/2020/04/ways-to-start-an-exchange-like-poloniex.html

Reasons why starting an exchange like localbitcoins are hassle-free and profitable

Localbitcoins is indeed a successful Peer to Peer cryptocurrency exchange application in the market and proves that adopting a similar kind of business model will not be a complicated decision to consider for the entrepreneur. Localbitcoins relies on two major functions that improve and holding the faith of the traders over the application is Escrow function and Dispute function. Both the Escrow and Dispute functions serve its purpose of being a middleman to transfer the crypto and to solve the issue arose during the transaction and after the transaction.

How to start an exchange like localbitcoins?

Localbitcoins is a popular business model and there are many Whitelabel cryptocurrency exchange software similar to localbitcoins and paxful. Finding a bitcoin exchange website script is an easier task but finding suitable and well-equipped software that checks all the needed functions, security protocols and built with an architecture that can be scaled and upgraded easily is indeed a difficult task.

Localbitcoins clone script should be developed with a technology stack that can be understood easily by the person or the entrepreneur acquiring it. Developing with more complicated and unusual technology will lead to many issues and difficulties in future. So a bitcoin exchange script developed with a well-known technology should be preferred first.

Considering the functionality, the Whitelabel cryptocurrency exchange software should offer much-needed functions and the payment options that should be feasible and friendlier for the traders.

To make the system more convenient for the traders, the bitcoin exchange script similar to localbitcoins should possess a geographical fencing and tagging feature that should filter the available traders within the nearby location of the traders. The system should do this automatically based on the trader’s location and it is mandatory to check this with the exchange software and make sure it is working well.

The internal Communication system should be available within the system and the time window should be customizable for the convenience of the traders. The system should cover all these things by default. Other than these basic security features should be covered to handle the transactional operations of the wallet.

Handling the entire application:

It is more important to have a standard admin section that should provide complete control to take over the entire application or the system. The admin should be able to look over the entire operations takes place within the system with respect to the privacy of the data of the users. The admin should be capable of controlling the incoming and outgoing operations.

A well structured localbitcoin clone script is offered by Hashogen technologies and the concern is a pioneer among the cryptocurrency exchange development companies.

Source: https://cryptoexchangesoftwares.blogrip.com/2020/04/16/reasons-why-starting-an-exchange-like-localbitcoins-are-hassle-free-and-profitable/

Essential features that make a cryptocurrency exchange software best in the market

Cryptocurrency being a turning point in the Fintech industry and Bitcoin becoming a major shareholder in the market creates a lot of opportunities for entrepreneurs. Not only by investing in cryptocurrencies but starting a cryptocurrency exchange platform paves the way to earn more.

Launching a cryptocurrency exchange platform can be done with the help cryptocurrency exchange software development company. A company that offers Ready to launch Bitcoin Exchange Script are abundant in the market and it is very important to find the right one. A Bitcoin Exchange Script should ensure a lot of essentials features and security measures to make the platform more stable in the market.

Things to consider before making the decision:

The Bitcoin Exchange Script should offer different modes of trade and make the order. Order making methods such as Limit and Market are more common and it should be available in the Cryptocurrency Exchange Software to make it more preferable by the users. There are other trading options such as Stop loss, over the counter and Stop loss limit order. The trading engine should be capable enough to adapt to any kind of order-making conditions.

The speed of the Trading Engine should be considered before making the purchase. A low performing trading engine can be able to execute below 10,000 trades per second whereas a good performing trading engine can be able to perform 50,000 to 100,000 trades per second.

The Bitcoin Trading Software should be scalable and the cryptocurrency exchange software development company should ensure and should be able to scale the script with the trending features such as Margin Trading, Referral system, Automatic Coin/Token Listing module and much more. It Is mandatory to check whether the script is scalable and the ability of the software to adapt these features.

The Cryptocurrency exchange software should be legitimate and it should possess the needed functions such as KYC/AML thereby the user’s identity can be verified by the admin. This is one of the much-needed functions that should be available in all the websites or software that deals with real funds.

Wallet system should be secure and faster in handling the transactions of crypto. Multi-Sig wallet usually ensures the security and feasibility in transacting the crypto.

How secure the exchange application should be?

Security features and measures are taken to strengthen the entire software should be identified before making the decision. There are some basic features that make the bitcoin trading script a secure one such as 2-factor authentication. This is a very common feature using which the users will get notified about all the operations of their account in the platform through the email or through SMS.

The entire software should be associated with the security protocols such as DDOS protection, IP based Login restriction, Encryption of Data within the table, Cross-site scripting, Jailed login and many more.

Where to find the right solution?

Listed above are the essential characteristics for ideal and well-performing cryptocurrency exchange software. Hashogen Technologies is a Cryptocurrency Exchange Development Company that offers business-ready exchange solution for the entrepreneurs and with the effective R&D team Hashogen Technologies is working towards many innovative solutions in the field of Blockchain.

Source: https://sites.google.com/site/cryptoexchangesoftwares/