Like in traditional markets, volume for cryptocurrencies is one of the most important metrics to consider. Usually creating a new coin or token requires some computer coding expertise, but you also can choose to hire a blockchain developer to create a digital currency for you. Launching a token on an existing blockchain platform cryptocurrency exchange software development like Ethereum can be accomplished with relatively little technical expertise. You can create a new coin or token with any degree of customization by hiring a blockchain development company. Many enterprises, known as blockchain-as-a-service companies, exist to create and maintain new blockchain networks and cryptocurrencies.

how to build a crypto exchange

So it is very important to choose a reliable bank with a sufficient number of online facilities, partner-friendly conditions, and more or less substantial exchange rates. It is better to establish your connections in the countries where cryptocurrency is adopted as a regular means of payment, such as the USA or Scandinavian countries. Usually, they prefer to keep money in bitcoin or other virtual currency, waiting for it to hit higher exchange rates. For example, Bitcoin’s circulation rate reached 16 million last year. However, there are still very few physical places for withdrawing it.

Enabling notifications for incoming blockchain transactions

These are typical for practically any modern web and mobile apps. If something requires user action, there needs to be a visual clue constantly nagging users to take a look. Users will spend most of their time in your app looking up crypto prices, trends, and other charts that are usually included in the main dashboard. Starting a CEX lifts any barriers to adding whatever functionality you envision. With DEXs , your options are narrower due to natural blockchain technology limitations. Digital currency exchange provides great opportunities for both those who are just getting familiar with the market and those who already have quite a good experience in it. is a great option if you just want to test the Bitcoin waters or simply need another platform to do quick bitcoin transactions. Unlike other non-dedicated cryptocurrency exchanges, lets you keep custody of your coins. EToro is a multi-asset investment platform that allows users to trade a variety of assets, including 30 popular cryptocurrencies.

Crypto Exchanges Guide

When bitcoin passed $50 thousand in February 2021, it considerably rocked the cryptocurrency industry and a vast number of newcomers flushed the market. There are 106 million crypto traders around the world, according to the calculations provided by They come to the platform to trade their cryptocurrencies and make money. The exchange, in turn, must provide them with a smooth trading experience, high transaction speed, a user–friendly account, a wide pool of trading instruments and pairs, and high–level security. Keep reading our article if you want to know how to build a cryptocurrency exchange and achieve success in this field. Detailed visualization will prevent possible UX-related issues and allow you to see the logic of user interaction with the exchange platform.

how to build a crypto exchange

B2Trader uses hosting solutions that dynamically scale resources as the client base grows and supports the most demanding and highly loaded projects. Data exchange with all external systems (payment systems,etc.) proceeds over HTTPS using authentication key and verification of signature on each operation. Customised reports including deposits, withdrawals and trading activity.

Pros and Cons of Making a Cryptocurrency

Secondly, the big number of Initial Coin Listings, as well as very low trading fees compared to other companies in the industry. A user is only charged 0.01% off every trade made and small fees are charged for currency withdrawals as well. Here is an example of the tech stack we selected for building a cryptocurrency exchange web applicationEXtoBit. If you want to build a crypto exchange mobile app, here are common technologies to use for iOS and Android development. Also, it’s important to pick a framework that has a sufficiently large developers’ community.

Additionally, centralized exchanges are subject to government regulation, which could lead to increased fees or other restrictive measures. Decentralized exchanges do not require customers to fill out know-your-customer forms, offering privacy and anonymity to users. Since DEXs don’t exercise censorship, more cryptocurrencies and digital assets are available than through a CEX. Cryptocurrencies are subject to different regional rules and regulations. Hence, maintaining a legal team for all your cryptocurrency exchange platform compliances is of utmost importance.

Features of Cryptocurrency Exchange App like Coinbase

Okoye says that he and other merchants use Yellow Card specifically because it offers “very competitive” market rates when he has to convert between tether and the Nigerian naira. Poiroux started coding when he was 10, because he wanted to make his own video games. But after reading the bitcoin white paper, he became obsessed with the idea of decentralized, unstoppable software. Four months later, the Taco Bell trading desks were moving thousands of dollars in bitcoin. They weren’t too rigorous on the accounting at the time, but Maurice estimates that roughly thirty thousand dollars was exchanged across the entire franchise. At the age of 18, Maurice turned his attention to bitcoin and soon grew convinced that the world’s biggest cryptocurrency was the answer to his problems.

how to build a crypto exchange

On the one hand, such solutions can be integrated into your crypto trading app really quickly. They offer a high level of stability and reliability in the early stages . On the other hand, they come with high fees (that can put the startup’s profitability in question), and can’t offer a predictable speed of processing. After all, relying on a third-party solution in your major business flow might not be the best option for you. A cryptocurrency exchange is a process of exchanging virtual currency for other assets like different digital currency tokens or fiat money.

Technology Stack

In this case the trader would place an OCO order with a buy stop just above resistance and a sell stop just below support. has a VIP tiering system which offers lower fees for makers at the first VIP level, so you can save on fees by using limit orders. Users can move up VIP tiers by reaching monthly volume milestones. Additional discounts can be gained by locking up CRO tokens on the platform. The full fee table can be seen below or on our Trading Fees page. Recall the example above, when the user bought 4 BTC at market, he had to buy the BTC on offer at the prices other traders had specified.

Advantages of Decentralized Cryptocurrency Exchanges

This enables real-time bidding where an application can process bid requests from all buyers, select a winning bid based on multiple criteria and process it. For your crypto exchange app, you can build your own wallet from scratch or integrate third-party wallets. Integrating a third-party solution can take only one or two weeks and the price could be affordable, especially for a startup with a small customer base. On the other hand, creating custom modules should be put into the roadmap as an option. This is all to say, any AI feature should be planned at early stages in terms of gathering relevant data. Crypto apps that offer customers an opportunity to buy, sell or exchange cryptocurrency in a few clicks.