Cryptocurrency exchanges are the trading platforms that allow users to buy and sell cryptocurrencies and digital assets. In return for this, traders pay a piece of fee in the name of “Commission Charges”.
In this way, the owner of the Bitcoin Exchange gets profitable. In addition to this, the proprietor of the exchange platform gets benefited with the following set of ways:
- Trading fee for every withdrawal
- Trading fee for every deposit
- Trading fee for every ad posted on the exchange
And much more! Hence, most of the crypto entrepreneurs are interested to start their own Bitcoin Trading Business Platform. One such platform which is becoming increasingly popular in recent days is Kraken.
This blog discusses the hassle-free steps to get started with your own Cryptocurrency Exchange like Kraken with a Kraken Clone Script.
What is a Kraken Cryptocurrency Exchange?
Kraken is the largest Cryptocurrency Exchange which is headquartered in San Fransisco, California. This trading platform has a huge volume and liquidity with features such as Margin Trading, OTC options, etc.
This exchange was founded in 2013 and is known for less transaction fee and a high range of security. It operates across the United States, Japan, Canada, and European Countries which has raised a huge set of funds.
Kraken Exchange supports fiat currencies such as USD, EUR, GBP, JPY, CAD, CHF and cryptocurrencies such as BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, DASH, XMR & 20+ more.
Here are some of the reasons why traders mostly prefer to go with Kraken Crypto Exchange:
- Low Transaction fees
- User-friendly Interface
- Higher Liquidity
- Huge Security features
- Available across the globe
Though these are some of the pros, as an entrepreneur you should also know the cons involved such that you can resolve them in your cryptocurrency exchange platform.
Kraken is not suitable for beginners. Hence, traders with professional experience find it a hassle-free way of trading. Similarly, the mobile trading application of Kraken is not so good which can also be taken into account for your exchange. Customer Service support should also be enhanced with Kraken Exchange.
In order to start trading with Kraken Exchange, the user needs to register with Kraken Cryptocurrency Exchange. Once registered, the exchange has 4 levels of verification to get verified. Once done, you will get a Two-Factor Authentication for security & signup. Finally, the trader can get started with trading!
How to develop a Crypto Exchange Like Kraken?
To start a crypto exchange like Kraken, you can get a Kraken Clone Script. This is a ready-made Cryptocurrency Exchange Script with which you can get started with your own exchange.
This means that you need to make the required customizations, install the script and deploy it! Hence, you can start your dream cryptocurrency exchange platform similar to Kraken in just 10 days!
Here are the major steps you need to take into consideration:
- Come up with a unique set of Business Requirements to stand out from the crowd.
- Make sure you have taken the cons of existing Kraken Exchange and try to resolve them on your platform.
- Check for Jurisdictions in the country you are planning to launch.
- Ensure you have the required amount of funds for your project.
- Get in touch with the solution provider to get a Kraken Clone Script.
- Check for the security mechanisms and features that are integrated.
- Deploy your exchange
- Start marketing your trading platform to your global audience
Where to get a Kraken Clone Script?
We at Coinsclone, have a good set of experience in delivering Clone Script Solutions which are catered as per the requirements of the clients. With our Kraken Clone Script, you can build your exchange in 10 days!
We integrate features such as Margin Trading, Payment Gateway, Cryptocurrency Wallet, Liquidity API, Admin Dashboard, User Dashboard, Referral Program, etc. You can also make the required customizations of your wish!
Get in touch with us to start your own trading platform now!