How to Start a Cryptocurrency Exchange like Coinbase ?

We will always spot out coinbase in the list of the best Cryptocurrency Exchanges. Being the oldest and dominating company it offers various services such as Coinbase Venture, Coinbase Index, Paradex, and also has its own stable coin USD Coin. Thinking of starting an Exchange like coinbase is very obvious for Cryptopreneurs.

Let’s commence,

How to Start a Crypto Exchange like Coinbase?

The best way to start a Crypto Exchange like Coinbase is Coinbase Clone Script. By using this script as the source any business person can instantly create a Cryptocurrency Exchange Platform like Coinbase. The exchange you have created by this script will function and behave just like Coinbase.

Coinbase Clone Script

Coinbase clone Script is the ready-made package of website script within built-in features and plugins. We develop ready to go market kind of scripts, so there would be no need to test and pilot launching. Bitdeal’s Coinbase Clone Script is built in such a way that matches the Cryptocurrency Exchange Security Standard (CESS)  and you can launch the unhackable and highly secured Cryptocurrency Exchange.

Exclusive Features of our Coinbase Clone Script

• Trade Matching Engine
• Wallet Integrated
• Trading Bot
• DEX
• Multi-lingual support
• Cryptocurrency Stacking
• Futures and Options Trading
• OTC Trading
• Atomic Swap
• Smart contract

You might blink at this point, go on, you will get clarity!

Steps to Create an Exchange Like Coinbase

Goal Setting

It is the first-ever stage in any business, here you need to identify the right goals

• Entrepreneurship demands perseverance, you need to do lots and lots of market research to identify what is going on in the industry, its impact, new trend,  etc so that you are able to frame things in the right way.
• Create your own vision and mission for your business, even if you choose to launch a Crypto Exchange like Coinbase
• Spot out your competitors and be clear in your business niche and what services you actually going to provide
•  Have a look at your competitors' feedback and focus more to turn out their weaknesses as your strength.
• Try to give some clear cut solutions for the Current Issues in the Crypto Industry

Planning

In this Stage, you need to derive the path for your goals. actually, more precise than the above stage. Coinbase offers its service in mobile applications as well as on the web for their traders. You need to choose which suits you in the initial days.

It’s better if you provide the following features in your Crypto Exchange

• Multiple Cryptocurrency Wallet Support
• Notification Alerts
• Transaction history Details
• DEX 
• P2P Trading
• Cryptocurrency Loans
• Token Support
• Escrow protection

And these are already integrated with our Clone Script. Get a proper license for your business legally and it will help you to get traders' trust.

Development 

If you Create a Crypto Exchange at your own risk, you need to hire many experienced Developers such as

• IOS Developer
• Android Developer 
• Graphics Designer
• Back end Developer
• Front end Developer
• Project coordinator
• Testing Engineer

And it costs more than you think, there is no assurance for future guidance so that we develop a bug-free, fully tested Coinbase clone script for budding entrepreneurs it obviously saves much time and effort.

In the development process, you can use tech stacks like java, python, My SQL,PHP as the backend and could consider react native and angular js for application development.

Deployment

Your Exchange will be all set for deployment, once the Development Process is completed. Proper marketing strategies are needed to be implemented before the market launch

Marketing Strategies

Unique marketing strategies are the backbone of any business model. Popular Cryptocurrency Exchanges such as Binance, Wazirx, have initiated innovative ideas like Conducting campaign, Referrer Program, investing in some other projects, etc. you need to build a strong team for marketing and need to derive plans accordingly. 

How much does it cost?

There is a popular opinion that Cryptocurrency Exchange Development needs a bundle of dollars but the cost of coin base clone script varies entirely based upon the features integrated and the technology used. We also provide cryptocurrency exchange script and premium Clone Script with advanced trading features and that requires less customization.

Who we are?

Bitdeal - Cryptocurrency Exchange Software Development Company

We offer all kinds of services such as blockchain development, Defi Development, Dapp Development, Smart Contract Development, DEX Development, Crypto Exchange Wallet Development, etc, We are specialized in  providing clone scripts too, some of our best selling clone scripts are

• Binance Clone Script
• Localbitcoins Clone Script
• Paxful Clone Script
• Remitano Clone Script
• Wazirx Clone Script

Being the early bird in the industry, we have uplifted many startups in the crypto industry and have happy clients all over the world

Get a Free Quote from Bitdeal Now !!