The use of cryptocurrencies, often known as virtual currency, is quickly changing the nature of the global economy. Investors in cryptocurrencies, frequently prioritize security on trading platforms. This closely resembles the centralized cryptocurrency exchange platform which is the best exchange type in terms of security and dependability. In the cryptocurrency market, there are many centralized cryptocurrency exchanges. Some of the best ones include Binance, Coinbase, KuCoin, Kraken, and others.
Centralized crypto exchanges are primarily used to buy and sell cryptocurrencies by allowing third-party to act as an intermediate between the trader to secure user transactions. Additionally, users can use it as proof of their transactions. For this, the admin will charge trading fees. This revenue structure attracted many individuals to turn into a startup by starting a centralized exchange business.
As a startup, you might be confused with the development process of the centralized exchange. Centralized cryptocurrency exchanges can be developed in many alternative ways, but here you would see the two popular development methods to build a centralized crypto exchange. One is starting from scratch, which requires a skilled developer to build it from the ground up. Secondly, the centralized exchange script, which is preferred by many startups in recent years.
Let’s look into this centralized exchange script deeply.
What is the Centralized Exchange Script?
A centralized exchange script is a pre-designed software that has appropriate features of the existing centralized exchanges with an extensive interchange framework, visuals, functionality, etc. It allows the user to feel the quality of the existing centralized exchange.
You can also customize it according to your business requirements. There will be no lag while the user is trading since it is 100% bug-free. It has also several crypto exchange clone scripts with various names. Let’s see some of the popular centralized exchange software in the market below.
List of Best Centralized Exchange Scripts in the Market:
There are several clone scripts available for the centralized crypto exchange. Let us see some of the top centralized exchange scripts in the market.
Binance Clone Script
Binance clone script is the pre-made crypto exchange software of the world’s popular cryptocurrency exchange – Binance. It is the most used clone script in recent years to build a crypto trading platform with an order book system.
Localbitcoins Clone Script
The LocalBitcoins clone script is readymade software that has all the existing features of the localbitcoins exchange. It has some special security features called an escrow system, which acts as a middleman between buyer and seller. By using this localbitcoins clone script you can create a complete P2P ads-based exchange software.
Coinbase Clone Script
The Coinbase clone script is a pre-designed user-to-admin cryptocurrency exchange clone software. It supports the user to trade a bulk amount of cryptos directly from the admin without the involvement of a buyer and seller. This coinbase clone script helps you to create a user-to-admin platform similar to coinbase.
Paxful Clone Script
The paxful clone script is the p2p cryptocurrency exchange clone script that holds all the features of paxful. It is a highly secured p2p exchange clone script that can be customized according to your business needs.
Remitano Clone Script
The remitano clone script is the p2p exchange script which has all the existing features of remitano exchange. In this centralized exchange script, your users can trade a cryptocurrency without a third party. But the transactions and ads your user post on the platform under the control of the admin. You can implement this type of exchange when you are focusing on peer-to-peer traders.
Kraken Clone Script
The Kraken clone script is the pre-fabricated crypto exchange software of the existing Kraken exchange. It has all the functionalities in Kraken. It is also a centralized exchange clone software that enables you to create a thriving crypto exchange that looks 100% similar to Kraken.
These are the best centralized exchange scripts that are prevailing in the market. However, people are curious to know its features. So let’s look at those features of the centralized exchange script below.
Features of the Centralized Exchange Script
When coming to centralized exchange scripts, features play a major role. Let’s see the top-grade features,
- Mobile Trading App for Android, iOS
- Integrated IEO Module
- Margin Trading
- Multi-currency pairing
- Multi-Sig Wallet Integration
- Liquidity API
- Order Matching Engine
- Escrow Solutions
- Referral Program
- Market Orders
- Trading Bot
- Admin Console
- Issuer Console
- Cryptocurrency Ticker API
- Rest API
- Payment Gateway Integration
- Advanced CMS
Security Features of the Centralized Exchange Script
- HTTPs authentication
- Jail login
- Data encryption
- Two-factor authentication
- SQL injection prevention
- Anti Denial of services (DOS)
- Cross-site Request forgery CSRF protection
- Server-side Request forgery SSRF protection
- Anti Distributed Denial of service
Let’s look into the benefits of a centralized exchange script,
Major Benefits of Ready-made Centralized Exchange Script
- The centralized exchange software does not require a protracted period of time, it can be completed in as little as 7 to 15 days, allowing you to start your exchange business right away.
- A centralized exchange script has far reduced costs compared to alternative development techniques.
- Creating a centralized exchange by using the centralized exchange script ensures the viability of your exchange.
- To operate your crypto exchange firm over the long term, you can use this cost-effective method
- In this centralized exchange script, the admin can alter the features which don’t work out well in their exchange.
- In this centralized exchange software, you have a Premium framework that may portray your exchange as one of the popular trading platforms in the market.
Now as a startup you might be wondering about the cost to create a centralized exchange, let’s see it
Cost of Developing a Centralized Cryptocurrency Exchange
In the method of scratch, you will be using the traditional approach that was used in the early days of digital. You need to hire an expert team to build the platform from the ground level by planning the framework of the exchange, designs, visuals, etc. This process can take a minimum of 12 months to complete. Therefore, it is not recommended for a new startup that wants to make revenue immediately. Additionally, the development cost also ranges from $50,000 – $100,000.
On the other hand, the centralized exchange script has received positive feedback from startups because it is simple to deploy an exchange in the industry. It allows the admin to modify the features as per the business needs. This encourages a lot of business people to try centralized exchange software. Later, it turns out to be one of the easiest and most cost-effective ways for lots of startups to start a centralized exchange business. It only costs between $8,000 and $14,000.
In the crypto marketplace, centralized exchange plays a major role. So to develop a centralized exchange, you can go with the centralized exchange script which has a positive response from the startups. Globally, 85% of people prefer a centralized exchange script to get a quality outcome. This complete ready-made software reduces the cost and implementation process, There are several centralized exchange scripts in the market, which cuts down the development cost and deployment procedures. We are Coinsclone, an expert centralized exchange script provider in the market. We are ready to give what you actually expect in your exchange. So finally, value your customer with us and turn a big revenue!