November 5, 2020 at 12:20 pm #3586aria brielleParticipant
After the RBI (Reserve Bank of India) confirmed that there is no ban on cryptocurrency exchange software or crypto trading in the country post the Supreme Court’s judgment on March 4, 2020, it has come as a sigh of relief to the growing crypto community.
Here are steps to follow for setting up a Cryptocurrency Exchange Software
Acquire an operational license and comply with all the procedures involved in registration and approval.
Undertake KYC (Know Your Customer) and AML (Anti Money Laundering) of all your customers to ensure complete authenticity and no malicious practices.
Team up with a payment solution provider to ensure fast clearance and settlement of fiat funds. It should also facilitate P2P remittances.
Boost liquidity for your platform by increasing the number of crypto coins on your exchange and establish API’s with the leading crypto exchanges in the market.
Ensure top-notch safety of your users’ data and funds to ensure utmost privacy through measures like two-factor authentication, anti-DDoS protection, jail login, and password-protected user access.
Render a proper grievance redressal mechanism by offering prompt customer service to ensure the loyalty of your users.
Partner with CES high-skilled technical experts for offering a customized Cryptocurrency exchange software to ensure a secure and user-friendly platform in no time.
November 5, 2020 at 1:19 pm #3589Gurmeet ChauhanParticipant
Cryptocurrencies can be considered as an asset in terms of the lucrative returns they give. But cryptocurrencies also have their own issues with volatility in price being one of them. Liquidity leads to a sudden movement in cryptocurrency prices. There are many facets to the concept of liquidity. It can be defined as the ability of an asset to be converted into cash on demand. An asset, as we know, is an economic resource that can be controlled or owned and provides the owner with financial value. Assets come with an in-built promise of increased future value. Cryptocurrencies can be sold and converted to USD or any other currency, whenever you want. It is more liquid and tends to rise in value. Even then, cryptocurrencies cannot be called clear-cut assets such as a house or gold. The top cryptocurrencies are currently rising in value and are being adopted by an increasing number of people every day. But we will only know what it truly is when it is done growing.
Read More: Cryptocurrency Softwares
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