Everywhere these days, cryptocurrency is a talk-about topic, just like the hype of non-fungible tokens. Though there are several many cryptocurrencies prevailing in the present market, Bitcoin (BTC) continues to top the list on the basis of the user base, popularity, and market capitalization. Moreover, Ethereum (ETH) holds prominence next to Bitcoin. Other popular ones include Tether (USDT), Binance Coin (BNB), USD Coin (USDC), Cardano (ADA), and Solana (SOL).
A cryptocurrency exchange is a platform or medium where it is possible to exchange different cryptocurrencies. This practice has become so common, and this will benefit both the investors (users) and entrepreneurs in a considerable way. That is, investors could earn substantially more by trading digital currencies, and on the other hand, entrepreneurs would reap benefits by launching the crypto trading platform. Here, this blog will provide valuable information regarding stepping into the crypto world by deploying the crypto trading platform with Poloniex Clone Script and earning benefits in every possible way.
Poloniex – A Crypto Asset Exchange With Supported 250+ Cryptocurrencies
Poloniex is a cryptocurrency exchange platform supporting the exchange of different cryptocurrencies such as Bitcoin, Ethereum and various types of altcoins. Its basic function is to let users exchange one cryptocurrency with another cryptocurrency. Apart from this, they could buy these using fiat currencies.
Since its inception in 2015, Poloniex has been well-known for its user interface and stunning features. This platform also offers offline storage in which users can store their cryptocurrencies in a much more secure way.
Highlighting Points Of Poloniex:
- Undeniably, Poloniex will be an ideal choice for investors for exchanging digital currencies. This is mainly because of the availability of more than 250 cryptocurrencies for trading.
- Most importantly, the trading fees are quite less compared to other exchange platforms. However, the highest fee tier is starting at 0.155% in Poloniex.
- Speaking about its pros, it offers a customer support option that is available 24*7 as the platform users could get their queries resolved as soon as possible.
Why Launch A Crypto Exchange Like Poloniex? Will It Be Beneficial?
As mentioned briefly about Poloniex in the previous sections, it is a well revenue-generating platform. Approximately saying, its revenue is $16.4 million. This is seemingly said to be a prominent reason to come up with an idea of launching a crypto trading platform like Poloniex, as you could even revolutionize the crypto world with your platform.
You have to ensure that your crypto exchange holds various revenue streams like trading fees, deposit fees, margin trading fees, and so many suitable for the functionality of the P2P crypto exchange like Poloniex. Undoubtedly, you could earn more and more upon going ahead with Poloniex Clone app development.
Regardless, make sure the platform you provide comes with the following perks. Let’s see the prime benefits in this section.
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Decentralization
P2P crypto exchange like Poloniex comes with decentralization which does not require any third parties involved during the transaction of cryptocurrencies. This significantly reduces hacking activities and paves the way to safe and secure transactions.
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Swift Transactions
Since there is no intermediary between the traders, the platform ensures faster transactions without hassles. This attribute will increase usability so that investors would pick this out for sure.
Seurity Features Of A Crypto Trading Platform Like Poloniex
The set of features infused in the platform will obviously be the deciding factor on how it will function. The following are the common & most indispensable features in a crypto trading platform like Poloniex. Check these.
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Automated Withdrawals
The built-in decentralization system ensures that there will be no intervention of third parties for transactions to happen. Therefore, users would have an option to withdraw cryptocurrencies automatically without any manual help. However, there is a limitation for withdrawal.
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Domain Registry Lock
This would considerably give ultimate protection to the Poloniex like crypto exchange by locking the domain even at the initial level. Therefore, the domain name cannot be changed by anonymous users, preventing unauthorized persons from accessing the platform.
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Atomic Swapping
This feature will ensure trading between two entities without intermediaries as they could swap available cryptocurrency pairs. Eventually, this will bring Dex users to your crypto trading platform.
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KYC/AML Verification
In order to avoid unauthorized transactions, the KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures have to be carried out by the users once they have done with the registration process.
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Liquidity API
The incorporation of liquidity API would improve the traders’ flow. Eventually, the trading volume of the cryptocurrency exchange will be increased.
Development Of A Poloniex Exchange Clone
Certainly, there are two different methods by which a cryptocurrency exchange like Poloniex can be created. That is developing it from scratch or else picking the Poloniex Clone Script. The choice is yours to decide on which approach to opt for.
Creating the Poloniex Exchange Clone from the initial stage consumes much time with the requirement of more time and thereby, the cost will be quite expensive. When picking the white-label Poloniex Clone, it could be deployed quickly and the cost will be less.
Considering these into account, opting for a Poloniex Clone Website Script would be a commercially viable option. Pondering how to proceed with?
Connect With INORU For Poloniex Clone App Development
INORU is a leading crypto exchange development company with the expertise in offering the Poloniex Clone Script housing requisite features. With customization, additional features, including premium and security features, can be infused, ensuring a smooth transaction process. Our team of well-experienced developers will proffer the Poloniex Clone Script that will suit your expectations. It comes with the following business benefits.
- End-To-End Modifications
- Instant Deployment
- Pocket-Friendly Solution
- Built Using Cutting-Edge Technology
If you are a newbie entrepreneur willing to leap into the crypto world, connect with us and Launch white-label Poloniex Clone personalized for you. We will ensure to take care of everything right from the development till deployment alongside maintenance support when needed.
Summing Up
Picking the feature-enriched Poloniex Clone Script would be a viable option for those who want to take a leap into the crypto sphere within the quickest time possible. Everything you should do is approach us for Poloniex Clone app development.