Crypto exchanges

Turnkey crypto exchange development: website, bot, app

A cryptocurrency exchange is a platform that acts as an intermediary between buyers and sellers of digital currencies. Its main goal is to ensure maximum transaction security and create a comfortable environment for both parties.

If you consider developing a crypto exchange as a business idea, it has great potential. Here's why:

• in this market, demand continues to exceed supply;
• There are no global platforms, so competition is possible;
• moderate investment in technical development and marketing is required;
• quick payback, regardless of the exchange rate.

In this article, we'll look at what makes a crypto exchange profitable, what basic functionality it should have, and what launch options are available.

How to make money on a crypto exchange

The digital currency exchange service has three main sources of income. Let's take a closer look at each.

Publication fee

The exchanger can make a profit regardless of whether the transaction actually takes place. The commission is debited immediately after the exchange request is created. It shouldn't be too high to avoid scaring off potential users while they're still getting to know the service. For example, many popular exchangers charge a fixed fee of $1-2.

Transaction fee

The service charges a fee after a successfully completed transaction. It can be debited from the sender as a separate fee, or from the recipient, in which case the amount minus the fee will be credited to their account. This is the crypto exchanger's main source of income.

The commission size can vary from 1 to 10%.

Advertising revenue

To increase the profitability of the platform, you can charge a fee for placing ads or banners on the site or in the exchanger application.

Risks and volatility

The main risk in trading digital assets is their high volatility. In a single day, a coin's value can plummet by 40%, then skyrocket by 120%. However, this doesn't apply to crypto exchanges. They can be compared to a static entity, unaffected by changes around them. They simply charge a fixed fee on each transaction, generating income for their owners.

Therefore, if you've decided to create a crypto exchange, you can ignore the digital currency exchange rate. Instead, focus on creating a user-friendly, intuitive, and powerful functionality that will ensure the security of transactions and attract the attention of market participants.

What a crypto exchange should be able to do: basic functionality

Developing a crypto exchange website is a long process. It's a project that can be improved almost endlessly: design, usability, speed, security... But launch speed often plays a crucial role.

Therefore, we recommend starting with the implementation of basic functionality and then refining it during Alpha and Beta testing. This will allow us to gather user feedback and create a product they truly want.

Among the basic functionality, the following is worth highlighting in particular.

• Registration and profile management

The exchange's basic feature is a personal account, which users can access after registration. It's important to note that the cryptocurrency community prefers to operate anonymously, so forget about registering via social media or mobile phone. The only mandatory option is providing an email address.

Once logged into your personal account, the user should be able to customize their profile and add a phone number to enhance security.

• Crypto wallet

A registered user must be able to store and manage their assets: sell, buy, and withdraw them from the system. This requires the implementation of internal wallets. These can be either full-fledged crypto wallets or internal wallets whose balances are effectively stored in the exchanger's shared wallet.

• Security tools

The creation of a crypto exchange is based on security, as the service's activities involve large-scale financial transactions and clients' personal data.

• Functionality for buying, selling, and exchanging cryptocurrencies

This is the main reason people will come to your portal. This will require developing not only the P2P exchange itself but also integration with popular payment services like PayPal for fiat deposits and withdrawals.

It will also be necessary to develop an online chat, through which the buyer and seller can discuss the terms of the exchange.

• Current rates

A table with current digital currency exchange rates will help users quickly evaluate offers and choose the right option for themselves.

• Rating system and reviews

Users should be able to leave reviews about their experience with various partners. This will help weed out unscrupulous users and show newcomers who can be trusted.

Developing an exchanger for iOS and Android

CryptonisLabs utilizes cutting-edge technologies to develop complex software solutions. We can create a website, a Telegram bot, and a fully-fledged crypto exchange app for iOS and Android platforms. This will make your project even more user-friendly and accessible, significantly increasing its popularity and market demand.

API development

An API is an interface that allows your project to interact with third-party programs and servers. Simply put, you can develop a crypto exchange API that other resources can use for their own purposes, while you receive all the transaction fees.

Why CryptonisLabs

CryptonisLabs specialists can develop projects of any complexity. We create unique solutions tailored to your needs, without unnecessary functionality or templates.

We offer turnkey services: from the first prototype ideas to the exchanger's integration into monitoring and ongoing technical support.