The digital world we live in is quite sophisticated. None of us were expecting a digital currency that could surpass the price of dollars. Aren’t we?
The myth breaking example which we are wondering about at this very moment is bitcoin. Bitcoins has turned upside down the financial and technology sector. Every single investor on this planet knows about the cryptocurrency and every single crypto entrepreneur knows launching a cryptocurrency exchange platform would be profitable at some point. The ultimate question among them is how?
The technology evolution has already found a way to launch your crypto exchange business in an efficient way. The answer they seek is they can launch a crypto exchange platform using a cryptocurrency exchange clone script. Speaking of crypto exchange clone scripts, kraken is one of the popular cryptocurrency exchanges in the market. They are one of a kind in the market and we are about to see more about launching a crypto exchange platform using kraken clone script in this Intriguing article.
Table of Contents:
● What is Kraken Exchange?
● Updated features that invites potential crypto traders
● Technical knacks of using a kraken Clone Script
● Features integrated on a kraken Clone Script
● How does the kraken Clone Script works?
● Crypto exchange development cost using kraken Clone Script
● The bottom line
What is a Kraken Exchange Platform?
Kraken, like the mythical monster, this exchange has a huge trade base with its inviting trading and security features. The exchange itself has been popular since they made the headlines of joining the investigation while distributing the remaining assets of Mt.Gox to its investors. They made themselves a name since then. Like coinbase, the kraken exchange used to provide bitcoin’s market data to Bloomberg’s terminal. After the launch of kraken, they were serving crypto exchange services to Europe and just started in Japan. During Mt.Gox’s investigation, many investors had to open an account in kraken and many of them continued. They began to make more crypto traders since then.
Kraken exchange offers popular cryptocurrency and fiat currencies for trading. As the crypto exchange offered low transaction fee, High liquidity, attractive interface, high end security features many of the traders continued using this exchange for trading. The numbers tend to grow further and they have become one of the notable crypto exchange platforms across the globe. They are coming up with advanced security and trading options in the process of taking the exchange to the next level.
Updated Features that Invites Potential Crypto Traders:
No matter the experience level every trader can get better trading outcomes with our cryptocurrency trading platform – they say. Focusing on the advancement of the platform is what helps you retain your traders and make more profits. So, the features play a vital role in increasing the trader’s count. Kraken exchange knows this and they focus on implementing more Intriguing features.
1. Instant buy/sell options
2. Comprehensive security features
3. Low fee structure
4. 24/7/365 customer support
5. Various funding options
6. Advanced trading options
7. Kraken’s account management system
These are all the up-to-date features that are provided by the kraken exchange for its crypto traders. They grow upon its attractive features. This strategy of kraken is what inspired many crypto startups and entrepreneurs to launch a cryptocurrency exchange platform similar to kraken. Well, we have the right solution. The entrepreneurs and startups can use a kraken clone script fueled by a prominent cryptocurrency exchange development company for instant deployment.
Technical Knacks of Using a Kraken Clone Script:
Launching a cryptocurrency exchange platform like kraken is one of many crypto entrepreneurs wishes. As discussed earlier they can use a pre-developed kraken clone script without any hesitation. You might be wondering what exactly is a kraken clone script.
It is a pre-developed crypto exchange software that is incorporated with all the basic trading and security features in it. Startups and entrepreneurs who wish to launch a crypto exchange platform can use this readymade software for instantaneous deployment.
What are all the Technical Knacks of Using the Kraken Clone Script?
● Trading options that suits the current market trends
● Only front end customization is required
● Cost effective
● Instant deployment
● Exact replica of the kraken exchange (UI, Software architecture and trading functionalities)
● Advanced security features ( 2FA )
● Underlying blockchain technology for secure transactions
These above mentioned are some of the prominent technical benefits of using a kraken clone script. But while choosing your clone script provider you ought to be cautious. Work on the features they provide as they might be providing a clone script that consists of outdated features. Here are some of the features that the kraken clone script should consist of.
Features Integrated on the Kraken Clone Script:
As explained earlier, the kraken clone script is developed by the blockchain developers focusing on replicating the kraken exchange. The platform is incomplete without having all the updated features of kraken exchange. Here are the features that are integrated into the kraken clone script.
● Margin trading
● Spot trading
● Futures trading
● Over the counter trading (OTC)
● Matching engine
● Crypto watch
● Multilingual support
● Customer support
● Interactive UI and UX
● Mobile application
● Contract transactions
● Liquidity API
Along with these advanced features can be integrated with the kraken clone script. In addition to this essential features, you should also look for security features such as
1. Safe cryptocurrency storage
2. Platform security options
3. Information security options
4. Penetration security options
5. 2FA (Google authenticator & Yubikey)
6. Email confirmation for withdrawal
7. Recovery less accounts
8. Extra layer for transactions
9. PGP and data encryption
10. Real time transaction monitoring
11. No chargeback transactions
12. Dispute management system
How does the Kraken Clone Script Work?
1. The trader has to create an account and sign up with the exchange with all the necessary information.
2. The user will get a verification code to their registered email. The user has to verify the registered email to start trading.
3. After signing in the trader has to enter all the necessary documents for identity verification as a part of KYC.
4. After the KYC verification the trader can start trading cryptocurrencies.
5. Starting with buying some cryptocurrencies with fiat currencies the crypto trader can start exchanging cryptocurrencies.
6. There are more than one way to trade cryptocurrencies in the kraken exchange. The trader can exchange their cryptocurrencies in their preferred way.
7. After the crypto transactions happen, the respective cryptocurrency will be deposited in the wallet.
8. For every successful trading the exchange gets a commission for the crypto transactions.
Upon developing the crypto exchange you can change the trading costs with the market standards. You can seek the technical assistance from a reliable crypto exchange development company for any upgradation of the platform in terms of technical and business aspects. Before all the things you need to estimate the cost to develop a crypto exchange platform using a kraken clone script. As you work in the cost, you will get flawless crypto exchange development without any financial shortages.
Crypto Exchange Development Cost Using Kraken Clone Script
In general, software development is one of the expensive services offered. In that regard, developing a complex platform from scratch will cost you a fortune. You will need to spend your marketing funds and post production funds just to deploy the platform in a working condition. At the end, you will have to rely on the platform’s performance to invite potential crypto traders.
But, you can start a crypto exchange without all these budget issues with a readymade kraken clone script. You will be spending one tenth of the software development cost from scratch if you opted for kraken clone script. The cost could range from 5-7k USD for developing your cryptocurrency trading platform similar to kraken exchange. The cost mentioned here is just as. Assumption based on the entrepreneur’s request. The cost to start a crypto exchange could vary based on complex and unique requirements by the crypto startups. However, TheCryptoApe provides affordable kraken clone script solutions that can help you to get your crypto exchange platform instantly within a short period of time.
The Bottom Line
Technology has never failed us to bring solutions for our hassles. Launching a complex platform like crypto exchanges is not going to be a tedious task anymore. With the inception of these clone scripts crypto startups can now launch a cryptocurrency exchange platform within a week. All you need is to find a reliable crypto exchange development company which provides you with end to end services. Speaking of which, TheCryptoApe could be your best choice that you can start your successful crypto business with the assistance of a professional blockchain team.