Topics related to the Bitcoin exchanges and the tools behind it

Hey there, check out my favorite articles of this month which you'll find useful about bitcoin exchange software and technologies around it.

https://coinjoker.wordpress.com/2018/12/24/cryptocurrency-exchange-business%e2%80%8a-%e2%80%8aa-lucrative-business-opportunity/
https://makandracards.com/scarlet-emilye/61157-bitcoin-exchange-software-by-coinjoker-is-a-boon-for-entrepreneurs
https://fastlisting.org/p/cryptocurrency-exchange-development-company-announcing-their-next-venture/
https://seowarriors185223383.wordpress.com/2018/12/06/you-can-build-crypto-exchange-clone-website/

Read these articles and let me know your comments.

How to start a bitcoin exchange

Bitcoin has become a household name. With it’s meteoritic rise in value in 2017, where at its peak, 1 BTC (Bitcoin) equaled 17,900 USD, bitcoin and cryptocurrencies have been in everyone’s radar for the past year. From obscurity to fame; Bitcoin and cryptocurrencies are a regular topic in major news organizations such as CNN, BBC and more while a year back, bitcoin and cryptocurrencies were largely ignored. This meant that except for tech enthusiasts, the large masses were largely unaware of bitcoin, cryptocurrencies and blockchain in general.

Before I tell you how to start a bitcoin exchange, let me first iterate what happens in a bitcoin exchange. We have two separate identities: a buyer who tries to sell bitcoins at the lowest price possible while a seller tries to sell bitcoins the highest price possible. These buy and sell orders are entered into an order book, where if the price dictated by the buyer and seller matches, then the order is automatically executed. The exchange keeps a small percentage of the trade as a commission.
This is where your profit as the one who started the bitcoin exchange. You get to deduct a commission from every transaction that happens on your bitcoin exchange. While this commission is quite low so as to garner more customers, a large enough volume in trading means you can be earning thousands upon thousands just with your commission. So this is the profitability of bitcoin exchanges.


However, starting a bitcoin exchange should be more than just its profitability. Bitcoin and Blockchain (the technology behind Bitcoin and all cryptocurrency) have vast potential behind it. Imagine you are in a foreign country, with blockchain you do not have to pay currency conversion fees, or if you get a loan with minimal interest fees, that would definitely be a better life right? With cryptocurrencies and blockchain technology, this future is within our grasp. This is the reason why governments and banks are so against cryptocurrency and the recent pop-ups of bans all over the world, all in order to curb this growth. Starting a bitcoin exchange helps open the technology up to the public and helps revolutionize the world.

Now, in order to start a bitcoin exchange, of course, you will need to get your hands dirty with the gritty and nitty part of technological and programming part. You will need to build your own codes or acquire an exchange script, have a user interface where your customers can trade (either a trading website or a trading app) and have an extensive marketing strategy to acquire as many consumers as possible.

However, with this article, I wish to explore the correct way to go about starting your own bitcoin exchange.

In case you need more information regarding the coding part of the exchange, you will need a team of programmers or a dedicated development team who will do the heavy lifting for you. You can also purchase white label bitcoin exchanges, or you can download them for free on an open source. You can also visit sites like cryptoexchangescript.com, where you can download their source code for free and additionally you can purchase their numerous modules that can be seamlessly added to a new or existing bitcoin exchange. These modules are great features sure to brighten up your consumer’s day.

Also read, Bitcoin jumps 7% amid massive market sell-off

First and foremost, you will need to do extensive research. Do not limit yourself to just learning about the technicalities of bitcoin and cryptocurrencies, you should also research your competition. Try to analyze why some exchanges are as successful as they are today and what differentiates them from those that are not as successful. However, do not conform to the norms. Bitcoin is the very definition of innovation and currently these very innovations fuel Bitcoin. Be brave and be bold.

Secondly, you need to find your targets. You cannot cater to everybody, you will need to research and find a niche to fill. When you know your target, you will be able to easily determine the kind of bitcoin exchange you wish to create as well as find the proper marketing strategy to stand king of the hill in your niche. A strong foundation enables future scaling of your business.

Lastly, determine the type of bitcoin exchange you wish to create. Don’t just imagine, visualize your dreams and work out how you want your bitcoin exchange to look like. Aesthetics and designs are important, however, don’t forget that ultimately your bitcoin exchange has to be security.

Which is the most secure cryptocurrency exchanges?

If you rarely exchange cryptocurrencies, you do not need to register such resources. Ordinary exchangers are enough. The most important thing is to choose reliable services. But if you want to buy and sell your digital assets often, then you can't have such an indispensable assistant as a cryptocurrency exchange. Which standards should they choose and which exchanges are among the most reliable and popular TOP among experienced traders?

Binance:

• Reliability level – high.
• Daily trading volume – approximately $1.5 billion.
• Indented commission (one transaction) - 0.1%.
• Output – no more than 100 BTC per 24 hours.
• Replenishment – cryptocurrency wallet.
• The number of trading pairs exceeds 200.

Bittrex:

• Reliability level – high.
• Daily trading volume – approximately $145 million.
• Indented commission (one transaction) - 0.25%.
• Output – no more than 100 BTC per 24 hours; Replenishment – cryptocurrency wallet. 
• The number of trading pairs is 906.

Kraken:

• Reliability level – high;
• Daily trading volume – approximately $237 million;
• Indented commission (one transaction) - 0.26%,
• Output – no more than $50,000 in 24 hours;
• Replenishment – cryptocurrency wallet, bank transfer;
• The number of trading pairs is 59.

Poloniex:

• Reliability rating – medium;
• Daily trading volume – approximately $65 million;
• Indented commission (one transaction) - 0.25%,
• Output – no more than $25,000 for 24 hours;
• Replenishment – cryptocurrency wallet;
• The number of trading pairs is 365.

Bitfinex:

• Reliability rating – medium.
• Daily trading volume – approximately $890 million.
• Indented commission (one transaction) - 0.2%.
• Output – no limit.
• Replenishment – cryptocurrency wallet, bank transfer.
• The number of trading pairs is 35.

Meanwhile, if you are triggered by the revenue model of these exchanges and want to start own exchange, make use of this crypto/bitcoin exchange software. 

Are crypto exchanges are really safe? Is there anything else to protect yourself

If you’ve been watching the news for Bitcoin- and cryptocurrency-related stories, you’ve likely heard about the massive heists robbing exchanges of millions—and sometimes hundreds of millions of dollars. Back in January, the well-known crypto exchangeCoincheck was victim to a cyber attack, costing its investors more than $530 million in cryptocurrency. That news broke just a month after the popular exchange NiceHash fell prey to a similar $60 million cryptocurrency hack. Crypto exchanges are common platforms for crypto investors, so all these stories beg the question—are crypto exchanges really safe?

The short answer is that they can be, but there are some important security measures you’ll need to take to protect yourself.

How Crypto Exchanges Work

First, let’s go over what crypto exchanges are, and how they operate. Exchanges are websites or apps that allow individual users to exchange traditional currency (like US dollars or Euro) and cryptocurrency. For example, there are:

• Crypto brokers. Crypto brokers have access to cryptocurrency and will sell it to you in exchange for traditional currency. They set their own prices.
• Trading platforms. Trading platforms enable exchanges between buyers and sellers, while the exchange takes a small fee for each transaction.
• Direct trading platforms. Direct trading platforms allow exchanges between individual users, where each user sets their own exchange rate.
• Hybrid platforms. Hybrid platforms offer multiple types of functionality at once.

Most exchanges require you to deposit money first, much like a bank account or a brokerage platform. From there, you can buy or sell currency, and withdraw the money when you want/need to. The cryptocurrency exchange software available at different tech specifications can help you to start a hybrid crypto exchange.

Points of Vulnerability

There are several potential security risks when using a crypto exchange, some of which are the same as any online platform or service involving money, and some of which are unique to crypto exchanges:

• Fraud and user exploitation. In some cases, a crypto exchange might be fake or fraudulent, though this is rare. In these cases, the crypto exchange façade is a ruse, intended to swindle consumers out of traditional currency in exchange for nothing.
• Forceful cyberattacks. Crypto exchanges are becoming popular targets for hackers due to the enormous potential payout and the anonymity provided by cryptocurrency, with new attack methods like TrickBot attempting to exploit exchanges specifically. These attacks intentionally try to get past crypto exchange security measures in an effort to steal cryptocurrency.
• In-exchange security holes. Exchanges may also fall victim to exploitation or theft if an internal error makes them vulnerable. For example, an employee who accidentally makes their password public information might have their account compromised, leading to a vulnerability throughout the exchange.
• Device and network attacks. Don’t forget, the devices and networks you’re using to access the crypto exchange are also vulnerable to attacks. Smart devices are notoriously easy to spy on and hack (that is if you haven’t taken the time to improve your security). And if you’re using a public network or an otherwise unsecured one, it becomes easy for cybercriminals to gain access to your account.
• User errors. Your crypto exchange account can also be compromised if you make a mistake with your own security measures. For example, if your password is easy to guess, or if you stay logged in on a public computer, a cybercriminal or opportunist could easily exploit your account for the money.

What to Look for in an Exchange Platform

Some exchanges are going to protect you better than others. So what should you look for in the “ideal” crypto exchange?

• Reputation within the community.

  Integrate yourself into the crypto community. Forums like Crypto Compare, news sites, and social media are all promising opportunities you can use to be a part of the conversation. Pay attention to which exchanges other people are using and which ones they’re staying away from. Chances are if an exchange has a good reputation, there’s a reason.

• Fee transparency.

  What kind of fees does this exchange charge you? This is important to know for managing your own financials, but the exchange platform’s openness and transparency can also tell you a lot about the brand. If it’s hard to find clear information on the site, consider it a red flag.

• Available payment methods.

  What types of payment methods does the site accept? Most crypto exchanges will take PayPal, credit cards, and most conventional forms of payment. If the exchange in question demands wire transfers only or is suspiciously picky about how you can send payments, it’s a sign to stay away.

• Authentication and verification standards.

  Look for an exchange with high standards for authentication and verification. A rigorous onboarding process that requires you to verify your identity multiple times is a sign of an exchange with good security. Similarly, high-security measures like two-factor authentication can reduce your risk.

• History of operation.

  How long has the exchange been running? This isn’t the best way to gauge the reliability of a platform, but in general, newer platforms come with higher risk because they’ve had less time to prove themselves.

• Exchange rates.

  Shop around and look at the exchange rates offered by different exchange platforms. While most of the major players will offer similar rates, you may find a better deal somewhere else—or you might find an exchange rate that’s suspiciously lower than market value.

• Commitment to security.

  Finally, look at the brand and the people running the company. How committed are they to maintaining high levels of security? Do they clearly explain what measures they take to keep their platform secure? Are there new updates on an ongoing basis? Is there a refund policy for users whose crypto funds are stolen?

Other Measures to Protect Yourself

Beyond that, you’ll want to take the following personal security measures to protect yourself (and your account):

• Choose a strong password.

  Strong passwords are much harder to guess and will make your accounts more secure. Choose sequences of upper-case letters, lower-case letters, numbers, and symbols, and try not to include any decipherable patterns (like common words).

• Change that password regularly.

  It’s not enough to pick one password and be done with it. If you’re going to use this crypto exchange for months or years in the future, you’ll need to be prepared to change that password regularly.

• Avoid going all-in.

  It’s a bad idea to go all-in on any one exchange (or any one type of cryptocurrency). Spreading your funds across multiple investments and locations will help you stay even more secure. This is good advice even if you’re using the most secure crypto exchange in the world; cryptocurrency is still a volatile commodity with unpredictable price swings.

• Never give your personal information away.

  Never give away your username and password for any site, even if it appears that someone from the exchange is asking you. Phishing attempts are still a major cybersecurity concern, and they’re one of the easiest schemes to avoid.

• Always use secure, encrypted connections.

  Whenever you access your account, make sure you’re using a secure, encrypted connection. Don’t rely on public Wi-Fi hotspots to do your crypto trading.

Final Thoughts

Crypto exchanges aren’t perfect, but neither is any other online platform. It’s on you to do your research and find a reputable exchange, then commit to best practices in your own life and investments to double down on that protection. Do your due diligence and you won’t be any more at risk using a crypto exchange than a comparable brokerage platform for securities.

You can build bitcoin exchange clone website!

When using the crypto exchange clone script, anyone can build the exchange and trading platform instantly. But before that, they should keep the following things in mind.

The primary factors needed for this platform development is to use secure registration for all the users who sign up on the platform. The KYC verification should be done in order to verify the customer’s eligibility criteria and to avoid anti-money laundering. Payments gateway is the way the users are going to deposit their money in form of digital assets, so it should be very secure. Also, the fund deposit module is mandatory for the exchange platform to avoid the mishandling of bitcoins. In order to streamline your exchange with tons of users, the transaction history is wanted by the users to check their transaction details frequently.

Still, there are much more important things have to be implemented for running the best bitcoin exchange and trading platform on the planet. Local bitcoin clone script can help you to apply any functional modules in exchange platform. It is an expertise clone script development company in India giving the secured solutions for 4 years.

Wrapping up this that cloning the crypto exchange is easy, but it needs technical specifications to meet. Leave us your feedback below.

Blockchain smart contracts use-cases & Real Life applications

The best thing about the blockchain is that the technology uses decentralized hyper ledger that can leave out all the middleman in the system which exists now. You may have a question that what is Blockchain smart contracts? And it's use-cases. Let us get into that.

Smart contracts in an insurance policy

The major present issue in this medical sector is that the insurance claiming can take weeks or even a long time to be paid. The procedure is still exceptionally manual and requires a substantial level of human activity. This signifies plenty of regulatory costs, which result in higher premiums for clients.

Insurance agencies can robotize this claiming process by keeping in touch with them into a smart contract.

When the natural disaster is happening, for instance in case of a calamitous catastrophic event, the smart contract procedure is activated promptly.

How does it work?

Quantifiable parameters of the disaster occasion, for example, wind speed, an area of a sea tempest or extent of a tremor can be recorded onto the blockchain. Variable with the multifaceted nature of the smart contract, as the parameters cross certain pre-concurred edges, the insurance claiming procedure is activated promptly and the correct measure of money related payout can be conveyed without the requirement for human-driven mediation.

Not exclusively does the smart contract lessen the managerial expenses related with satisfying such arrangements; however, straightforwardness and trust in the process are obvious to all partners and every single administrative body involved.

Other than that, these are the areas where the smart contract can be applicable,

Copyrighted Product:

To ensure the originality of the copyright product or services. The smart contract is enabling customers to know that the specific product they are buying is an original one. It can be processed by the blockchain technology which stores the authenticity of the product in the network and accesses the information of the products when it is needed.

Intellectual property:

The contract can be executed in property rights. For example, if you are a music artist, you want to be paid directly without middleman means the contract is created with a definite set of rules. When the rules or compensations like money is given for your music, the contract is activated and the music is delivered to the user. In that way, you can protect your own work using smart contracts. No one can access the property without your permission.

Various real-life applications are using blockchain smart contracts to empower their business in an automated way. If you are in a need to build a smart contract based application, contact our experts' team. They will guide you to build a secured application in various industry like supply chain management, product tracking, payments, stock trading, digital identity, medical research, mortgage etc.

All of the real world applications have come true with the inventions of blockchain technology. Be a part in digital and empower the business.

Benefits of STO over ICO- Infographics by Coinjoker

This blog will explain to you about the benefits of STO over ICO. Coinjoker is the first ICO software solutions provider designed to provide the benefits of both STO and ICO in a compact hybrid solution. You can inquire about the  security token offerings solutions here->https://goo.gl/zgjYzP

Bitcoin exchange source code to develop your website

Are you curious about starting a distinct bitcoin exchange & trading website?

Bitcoin is the most promising business nowadays and due to its plenty of benefits, it is seemed to be the most demanded business in the current situation as well as in the future. as the value of bitcoin is volatile, you should have a preceding knowledge on bitcoin exchange and trading.

So before getting involved into this get a clear guidance from the professionals like coinjoker to know about the security measures and cost involved in it.

Why coinjoker?

Coinjoker is one of the leading script providers who offer you with the customized and dynamic bitcoin exchange script with highly protective features. Their professional's will helps you to glow in your business and to reach peak level in this field. Their main aim is to satisfy the business requirements of the entrepreneurs, startups and thus contributes with trustworthy bitcoin exchange script.

If you are seeking to build the bitcoin exchange business website with the guidance of skillful team?

Benefits of having a white label bitcoin wallet

The rapid development of blockchain technology makes bitcoin exchange to be successful and profitable business. Most of the bitcoin investors are using wallet services for storing their bitcoins safely. Even though storing a bitcoin is a risky job in this techy world, bitcoin wallet with two-factor authentication will assure you with high security.

Some popular solutions provider with impressive and exclusive features like white label solution, integrated wallet service, the multi-signature wallet will offer you a secured bitcoin exchange environment.

Benefits of going with a white label solution,

1. Creating a readymade white label wallet will save your money and makes your work easy.
2. No need to spend time in developing process instead we can utilize time in targeting the customers and marketing.
3. White label solution will make your business unique from others.

Hope this helps and best of luck for your project!

Cryptocurrency exchange source code

The cryptocurrency exchange source code is the set of prebuilt coding structure which you can use it to build the cryptocurrency exchange platforms instantly. But it needs some technical expertise to handle. When developing this, you can customize the exchange platform according to your needs.

Built on Laravel

Laravel is the most secure and robust PHP Based web application framework with built-in Oauth, Security and Encryption Features. The Laravel eco-system also uses Cache, Redis and Oauth Supported API

Multiple fiat currency support:

The software code supports the creation of multiple fiat currencies (regular currency like USD, EUR, NGN, INR) accounts for the user

User-Friendly

Designed with right navigation structure and industry standard rich UI, the application is User-Friendly and your customers will find it easy going.

Buy / Sell CryptoCoins

Buy or sell cryptocurrencies through e-wallet balance or by using Digital Currencies like (Paypal, Neteller, Perfect Money) or by using Crypto Currencies like ( Bitcoin, Altcoin, Litecoin and Ethereum

The cryptocurrency exchange source code is available in coinjoker with further enhancement features. Those inbuilt business features bring quick ways you can earn more profit. And also combines amazing features of Bitcoin to other crypto exchange with the easiest ways to gain returns.

How Security in bitcoin exchanges should be?

Do you plan to enter into the cryptocurrency exchange business world? Don’t worry, the advanced PHP framework provides multi-level security for your crypto exchange website from your hackers and stealers.

Coinjoker — Bitcoin Exchange licensed script  is now upgraded with numerous upgraded modules in security and usability.

The user of your website can feel free to trade and exchange in your exchange platform to make crypto transactions and multi-payment support in your own exchange portal rather than depending on another platform.

The following business modules which make your platform with the implementation of below-listed modules which is more distinct from the other exchange portal.

Upgraded with Scalability :

• Highly scalable crypto exchange/ trading platform
• Providing merchant API solution
• Well Planned Trading structure
• Customized theme option
• Trendy Features you can update regularly

Usability & Responsive design :

• Providing high-end user experience in admin panel with excellent intuitive Dashboards, Providing graphical like coin listing, price listing, trade chart, and market depth chart etc.
• Customer and user-friendly signup with easy and secure trading process
• Creating randomized Themes by UX/UI professionals

Security :

• Offers 100% security through blockchain solution
• Updated techniques for security enhancement
• Decentralized ledger for added security
• Two Factor Authentication and wallet integration.

Crypto exchanges raking in millions of dollars daily- Is it easy?

Digital asset exchanges and transactors are the biggest winners of the crypto boom happening in the past 3 years.

The top 10 are generating as much $3 million in fees a day or heading for more than $1 billion per year, according to estimates compiled by Bloomberg using trading volume reported on data tracker CoinMarketCap.com and fee information on the exchanges’ websites.

The trading volume reported by coinmarketcap

Wondering how? Yes. They are making this through the highly complex development involved beyond their income. Developing crypto exchanges like them is not an easy task. Since developing the crypto trading or exchange software is highly complex, its development and debugging can take a whole year or even more. Keep in mind about the time involved, the professionalism of your developer team heavily influences the amount of required time.

The qualified team requires a lot of resources for successful development. I barely estimate the cost for such a development. But it’s different depends upon the features you want and it can’t be exactly determined. For example, creating an exchange with white label your brand takes additional resource time for deployment. Or else white label exchange script available in cryptoexchangescript.com can be used if you have known coding skills. So do your own research and analyze the market pricing and proceed further.

The exchanges and transaction processors are the biggest winners in the space because they’re allowing people to transact and participate in this burgeoning sector,” said Gil Luria, an equity analyst at D.A. Davidson & Co. The revenue estimates are saying that the boom may influence primary institutional sectors to invest in exchanges. Let’ see what happens in the future.

Sellbitbuy develops the Localbitcoins clone script

Localbitcoins is the global bitcoin exchange website used to exchange, buy or sell the bitcoins. This platform was founded in Finland in 2012, the platform’s main objective is to give the user an efficient way to trade or exchange the bitcoins in peer to peer manner. Also, the site makes use of an advertising system for buying and sells the bitcoins between the traders. Interested people can respond to that ad for proceeding with the transactions. This internal peer to peer communication between users makes the platform more popular around the world. In fact, it had made a strong reputation among the bitcoin community around the world.

Knowing this typical business model of localbitcoins, entrepreneurs are showing more interest to start a website clone like localbitcoins. But it needs a lot of dedicated developers, technical requirements to proceed.

To do this job much easier, LocalbitcoinsClone script is designed by sellbitbuy which is used to architect the website like localbitcoins. The script offers limitless opportunities like Client Admin panel dashboard, order book, Payment gateway, secure wallet integration, bitcoin escrow module etc.

Admin Panel

• The admin panel with customized dashboard helps the site owners to see users  Buy-Sell transactions, Send-Receive transactions and able to control the user activity which happening in the platform.
   
• The Dashboard can provide the brief overview to see running exchange and the transactions in BTC which occurred in the exchange site between the users.
   
• The view user status shows details about the user id, User Name, Email Ids etc. It also displays the document status, KYC identification status for each user if it exists.
   
• The Buy-Sell tab captures transaction Id, time stamp, amount and description of the transaction
   
• The view Send-Receive tab captures transaction id, details of a sender or receiver like email id, description, and timestamp etc.

Order Book:

The order book is the complete history of BTC transactions which loaded in the form of hyper ledger data format. It also shows the liquidity volume in other exchanges to run the trade continuously.

The payment order dashboard contains information Name Id, Email id, Phone, Amount and the beneficiary bank details and the transaction status.

Payment gateway:

Payment integration is the key factor for every bitcoin exchanges to implement. Whenever the exchanges have a number of payment gateway channels, there will be more possibilities for users to involve in trading and exchanges. Sellbitbuy clone script comes with bank wire, PayPal and other payment gateways which you can implement.

Secure Wallet integration:

The wallets can be integrated into the exchange site with the help of functional API which is available. The API can help site owners to facilitate the exchange and storing the bitcoins in their personal wallets. The wallets are assigned with the private key address for every user who is logged in.

Bitcoin escrow module:

Escrow system is the admin module management which is used in exchange and trading platform to facilitate the transactions in an easy way. If the trader or buyer has a dispute, he can contact the admin of the website to solve the issue in the quick method.