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Bitdeal as a bitcoin exchange script service provider, we always looks forward to minimize the common risks which often happens in bitcoin trading. Out of a professional survey, We could able to find, still there are a lot of people stays out of the bitcoin network. So in order to achieve success with your bitcoin exchange startup, you just have to find why people are hesitating to trade with bitcoin? what are they fear of? What makes them feel unsafe and what they are expecting from an exchange website.
Psychologicaly people won't adopt new things until it has been recommended or certified by others. Hence the same continues for bitcoin trading also.
1. Bitcoin is a virtual currency which means it has no physical form. So people will afraid to try it.
2. Since cryptocurrency is an entirely unfamiliar system, people don't know how to buy a bitcoin. Moreover still in many rural areas, people even don't know the term "bitcoin".
3. It is an entirely independent currency system, (ie.) it operates without the governance of any intermediaries like a bank or any central authorities.
4. The country which they belong to may have restrictions over bitcoin usage or trading.
5. The continuous fluctuation of bitcoin price.
6. Bitcoin price cost more than $8765 (in later march 2018), So people think that, it is a currency for only rich people. and they naturally avoids to trade with it.
Bring people out from the fear and confusions
People won't get exact idea about whether to trade with bitcoin or not, So being a bitcoin exchange startup you just have to boost their eager in bitcoin trading by introducing a variety of engaging business models.
Other than that, as a business startup, you just have to.
1. Feed people about what is bitcoin and how to face all the risks in BTC trading, before launching your exchange.
2. Tell people bitcoin trading is not a risky one, your exchange could rectify all the existing issues.
3. Give people several ways to easily trade, buy, sell or acquire their bitcoin
4. Make people believe in you that you are keeping all their digital assets safer.
5. Even though bitcoin Price is the main factor in trading, there are some contract systems which could help people to trade bitcoin regardless of its price.
6. Bitcoin is not only for rich people, anyone can buy it, sell it, or trade it.
7. Think of the trader end and rescue them from all their confusions.
Technical enhancements will play a main role in boosting your exchange success
Explaining things in words and creating rapport will not bring you a real benefit. Instead, you just have to bring a real proof. To see the real success of your exchange, you have to increase the technical elements of your website. In that case, a technically advanced bitcoin exchange script could help you to achieve the following things.
1. Increase the security level
2. Integrate highly secured wallet
3. Never bring a restriction based on the minimum amount of transaction
4. Make exchange decentralized
5. Easy monitoring system.
6. Instant buy/sell order
7. 10X faster trade match engine.
When you provide a safer environment to trade bitcoin people will eventually fall into your website,
Keep your exchange standard forever
Keep on updating your exchange relevant to the dynamic changes of cryptocurrency industry. So that you can easily dominate your competitors. The sudden success and failure of cryptocurrencies will create a huge impact on cryptocurrency related startups. Whenever the industry gets a peak, Suit up yourself to update your exchange.
Be responsible for whatever happens
This is the main thing to lead your exchange in a proper way. Whenever something bad or security loss happens in your exchange, guide people how to secure their wallet and digital assets. Making an immediate response can increase your business goodwill.
bitdeal can technically help you to achieve success with your bitcoin exchange business, We are offering a customizable and white label bitcoin exchange script. To achieve a quick access to your bitcoin exchange business, make the better use of the script at right time.
Hi this is Sam, Working as Technology advisor and blogger at bitdeal. Having 4+ years of deep understanding and experience in cryptocurrency trading industry. I keep on hunting the new trends and technologies that are related to crypto's as well as blockchain Industry. Stay tuned with me at bitdeal, to get interesting updates regarding bitcoin, cryptocurrencies and other emerging blockchain technologies
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