October 5, 2020 at 7:40 am #3410mia perlaParticipant
Cryptocurrency exchange development is an important player in the modern financial system. It needs to have a set of convincing features to attract investors into its platform.
Some of the good features needed are
Robust security measures – Every crypto exchange must take concrete steps to safeguard the funds and data of users amidst the increasing number of hacking attacks in the industry. It must introduce practices like two-factor authentication, password-protected user access, end-to-end encryption, and jail login. They should also regularly publish their security audits reports to know their level of compliance.
User-friendly trading interface – Traders must be able to handle their basic operations smoothly without any glitches. The user interface of a crypto exchange must be intuitive with easy navigation. It must appeal to the interests of amateurs and professional traders.
Acceptance of a variety of orders – It must permit the request for market orders, limit orders, and stop-loss orders. They must also offer an exclusive margin trading facility to boost the earnings of traders. This would inspire traders to deal with confidence. A variety of altcoin trading pairs would also be needed.
Support for fiat currencies – Local traders would be benefitted if the leading fiat currencies such as US Dollar, Euro, and GBP are accepted. Conversion rates for fiat to crypto must also be kept low.
Acceptance of multiple payment methods – Deposits and withdrawals need to be facilitated in numerous payment methods such as debit cards, credit cards, bank transfers, and wire transfers. This will ensure flexibility as not every investor will have access to every payment method. Fiat currency should also be accepted for making deposits and authorizing withdrawals.
Real-time data analytics – Through interactive graphs and charts, valuable market insights need to be rendered for the investors to make better decisions based on logic. It must analyze the market movements, changes in prices using trend analysis over a period.
Any platform that has the above-mentioned features can be considered as a reliable exchange. It is best to integrate such features for enhancing the performance and boosting the user base.
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