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A Complete Guide To Launch Your Own P2P Exchange Like Remitano
Explore in detail how to start a P2P Cryptocurrency Exchange like Remitano and the steps involved.
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How to start a p2p cryptocurrency exchange like remitano
Day by day, the acceptance and adoption of Cryptocurrencies has been increasing vigorously and fires up the Crypto Industry. For the past months, we all have been used to the constant news regarding the growth ratio of Cryptocurrency Exchanges in various factors, and specifically, the statistics of Peer to Peer Cryptocurrency Exchanges like Remitano surprises the world
At this point in time, many cryptopreneurs willing to start a Cryptocurrency Exchange just like Remitano, if you are all one among them, this article lights up the little!
How to Start a Cryptocurrency Exchange Like Remitano?
Remitano is the popular Cryptocurrency Exchange with global users and huge traffic, the best and perfect way to start a Cryptocurrency Exchange like Remitano is Remitano Clone Script, The Best things with this script are customization, instant market launch, low price, etc
Remitano Clone Script
Remitano Clone Script is the ready package loaded with all the basic features of the Remitano exchange. By making use of this white label Cryptocurrency Exchange Script/ Software, any business person can launch their own highly secured P2P Cryptocurrency Exchange that would function like the twinning website of Remitano.
Features of Remitano Clone Script
- Fast Trade Matching Engine
- Escrow Protection
- Multiple Cryptocurrency Wallet Support
- P2P Trading
- Multi-Lingual
- OTC Trading
- Derivative trading features
- ERC-20 Tokens Support
- TRX Token Support
- Advanced UI/UX
How Does Remitano Exchange Work?
Remitano is the popular P2P Cryptocurrency Exchange with users all over the globe. This exchange supports various Cryptocurrencies as well as fiat currencies for trading. This Exchange provides a feedback system along with a rating option which considerably reduces the spam traders and has created an online forum to get interacted and clarify doubts of the traders.
Let’s have a look at the working of Remitano Exchange
1. User can easily sign up in the Remitano with their Gmail
2. Once the Gmail verified, users are directed to the Dashboard
3. Dashboard displays details such as ongoing trade, completed trade, pending trade, etc
4. At first, traders need to fund their to proceed with trading
As this is the P2P Cryptocurrency Exchange, Remitano acts like an Escrow account while transaction.
5. Trader, Post a Buy order, I.e becomes the buyer
6. Trade engine matches the buy order with the specific sell order
7. Seller sends desired Cryptocurrency to the Escrow account
8. Buyer sends the corresponding money to the seller’s bank account
9. Seller verified the sent money and intimate it to the Exchange
10. Then, Escrow wallet releases the cryptocurrencies to the buyer’s wallet and vice versa
Basic Architecture & Components Need to Integrate While Creating an Exchange Like Remitano
User Interface
Put users in mind and design the website, use attractive colors, simple and understandable navigation buttons for a good user experience. The more the user comfort ness the more the traffic. Consider adding pie chart analysis, preview, trading history in the dashboard in a user-friendly manner
Trade Matching Engine
Trade Matching Engine is the core element in P2P Crypto Exchanges, The efficiency of the trade matching engine determines the efficiency of the Crypto Exchange. Therefore, more concern and care is needed in the integration of the Matching Engine.
Admin Panel
Admin Panel is the fundamental tool to manage any kind of functions in the Cryptocurrency Exchange. It needs to be unhackable and a highly secured sign-in process is needed to access the admin panel. A businessperson can add a blog section and update informative blogs to the users
Cryptocurrency Wallets
Cryptocurrency Wallet is the Primary thing in the Cryptocurrency Exchange as it stores and holds cryptos. Every Wallet has its own private key to access it. Traders can use hot wallets as well as cold wallets based on their own wishes. P2P Exchanges let users use their own wallets.
Steps Involved in Building a Cryptocurrency Exchange Like Remitano
Design
Design is the first-ever thing, which gives the frame of your Cryptocurrency Exchange, Businessperson needs to read the trader’s mind and frame a website that would look good as well as user friendly.
At Bitdeal, we design Cryptocurrency Exchanges in two ways.
Design from scratch - Design your website from the base with our customizable Cryptocurrency Exchange Script/ Software
Template-based design/ Clone Scripts - You can also start your exchange with our ready-made Remitano Clone Script.
Development
Bitdeal’s Experienced Front End Developers incorporated various technologies such as Angular JS, Node jS, PHP, Python, etc to develop your Exchange precisely and based on the user’s requirement we integrate various kinds of API for your Exchange
Testing
Once the Product is Developed, we have undergone it into the various testing process and we adopted the rules of Cryptocurrency Exchange Security Standards (CESS) and subjected our product to penetration test, Big bounty test, etc to deploy bug-free Scripts to the Clients
Deployment
Once the Development and Testing Process is completed, The product is ready for the deployment process. The Best thing about our Remitano Clone Script is that Businessperson can directly launch the site to the market there would be no need for pilot launching.
Other Important Factors to Consider
Marketing
Proper Marketing Strategies have the power to position your Cryptocurrency Exchange in a prominent place. When you look at the popular Cryptocurrency Exchanges like Binance, Wazirx, Localbitcoins, etc, they have derived unique marketing strategies for the popularity of their Exchanges.
Referral Programs
Remitano Exchange credits referrers 0.01 BTC by their referral program but traders need to complete at least 2 BTC Transactions in their account to join this program. Many Crypto Exchanges like Binance, Paxful, Wazirx also give benefits to their traders via these kinds of programs
Customer Support
Traders are the backbone of any Cryptocurrency Exchange, 24 * 7 support needs to be given to the traders as it automatically helps you to gain traders' trust. By providing the proper customer helpline, email id and other things are good ways to get connected with your traders
How Much Does it Cost to Start a Crypto Exchange like Remitano?
Actually, it is the million-dollar Question all the business person needs to know, The cost of bitdeal’s Remitano Clone Script ranges from 3000 USD to 5000 USD based on the features and API Integration. We also provide premium clone scripts with advanced trading features that actually does not require much customization.
Who we are?
Bitdeal - Cryptocurrency Exchange Software Development Company
As the Prominent Blockchain and Cryptocurrency Exchange Development Company, we have uplifted so many Startups and have global happy customers. We always care for your business and never delay updating our software up to the trend.
Some of our best selling Clone Scripts are
- Binance Clone Script
- Localbitcoins Clone Script
- Paxful Clone Script
- Wazirx Clone Script
- Coinbase Clone Script.
Get ready to stand out from the competition by starting your own exchange like Remitano!
We are glad to announce that, Bitdeal is making one more milestone in its journey. As Web3 technologies becomes more dominant and lucrative, bitdeal sets its footmark in AI and Gaming Space. Explore our all-new AI and Gaming Solutions below here.