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6 Steps to Start your own Bitcoin Trading Platform

Dec 4th 2019 at 6:16 AM

Cryptocurrency exchanges are the trading platforms where users can buy and sell cryptocurrencies instantly. With this, most of the cryptocurrency entreprenuers who are interested to start their own business, have launched their own Crypto Exchange platforms like Binance, Coinbase, Localbitcoins, etc.

If you are one such person, here are the 10 Steps you should follow:

1. Come up with unique set of business requirements to stand out from the crowd.

2. Check for the Jurisdictions and location where you have planned to launch the crypto exchange.

3. Choose the type of crypto exchange you want to start (Centralized, Decentralized, Hybrid)

4. Hire a Cryptocurrency Exchange Software Development Company to get the desired software with the required customizations.

5. Implement best-in-class Security practices in your exchange.

6. Deploy the software and instantly get started with your own Bitcoin Trading Platform!

These 6 steps would assist you in launching your own crypto exchange. The most important thing you need to consider here is the solution provider who you are planning to hire!

Check for their portfolios, reviews, ratings, the employees, the expertise and various such factors before you hire!

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