With the advent of blockchain technology and powerful GPU’s, Cryptocurrencies and Crypto Exchange Softwares have been in the limelight since last few years. The all-time high relays of Bitcoin, Ethereum and other cryptocurrencies changed the fortune of many investors across the globe. As per the global report, Bitcoin has almost recorded a profit return of 785% in the last year that’s huge! In fact, no other commodity in the market has provided such high dividends and, this has added much hype to the rise of “crypto exchange environment.”

Now, the biggest question arises:

How does Cryptocurrency Trading take place?

All thanks to Crypto Exchange Softwares!

Best cryptocurrency Exchange Software provide a platform that helps in trading, buying and selling of cryptocurrencies. MintPal, BitFinex, BitFlyer, uniDax, etc. are some of the popular Crypto Exchange platforms widely used across the globe. These softwares make it easy for the investors to maintain a database and account for all the transactions. They act as an interface or a medium for the buyers and sellers to directly look after the charts and the transaction history along with the volume of the cryptocurrency available for a trading session.

Nowadays, a large number of investors are keeping an eye on stats and making investments in crypto markets. Consequently, there is a need for more stable Cryptocurrency Exchange Software.

The standard features of Cryptocurrency Exchange Software are:

1) Trading of Digital Assets

Crypto Exchange Software is a one-stop destination for digital assets. It is a multicurrency trading platform that extends support for high frequency and SegWit-enabled trading.

2) Multi-currency Trading Platform

Commonly, most of the softwares support major fiat currencies such as Euro, USD, etc. Some of the Crypto Exchange Softwares also support fork trading.

3) Security

Crypto Exchange Softwares have all the latest bank level defenses to prevent security breach and hacks. They come with multi-signature authentication feature, 3-Point architecture and DB encryption. Thus, ensure the safety of user holdings and data safety.

4) User-Friendly Design

These Exchange softwares come with a user-friendly design. The easy to use architecture ensures the easy addition and deletion of cryptocurrencies as per the demands of the user.

5) Encrypted Wallets

These crypto exchange softwares provide that both cold and hot wallets follow the latest encryption techniques. In addition to encrypted wallets, they come with multi-signature authentication security.

6) Trading of Multiple Cryptocurrencies

Crypto Exchange Software allow trading of multiple cryptocurrencies such as Bitcoin, Litecoin, Bitcoin Cash, Bitcoin Gold, Ripple, Ethereum, DashCoin, HCX, AltCoin and ERC20 tokens at the same platform.

7) Check for Compliance

These softwares enable the user to check for compliance based on geography-specific KYC and AML.

8) Platform Independent

In addition to all the features mentioned above, these softwares are platform-independent. They work on iOS, Android, Windows, and all the other major systems.

Types of Crypto Exchange Softwares:

Based on Working, Crypto Exchange Softwares are of the following types:

1. Traditional/Conventional Cryptocurrency Exchanges

These type of crypto exchanges work like conventional exchanges, where buyers and sellers trade in cryptocurrencies based on the market price. The sole job of a crypto exchange is to act like a mediator facilitating the transaction.

2. Crypto Brokers

Based on the change in currency, brokers help in buying/selling of crypto at prices determined by them. These prices are usually the current market price plus a small premium amount.

3. Direct Trading Exchange Platforms

Direct Trading platforms provide peer-to-peer trading options. There is no intermediary exchange involved, and trade directly takes place between buyers and sellers. Thus, they’re easy to use. GDAX (now Coinbase pro) is an example of direct trading exchange platforms.

Also, based on the trading currency policy used by Crypto Exchange Softwares, they are of the following types:

1. Exchanges with Fiat Currencies

These Crypto Exchange Softwares make use of Fiat Currencies like EUR, Dollars, etc. for buying cryptocurrencies such as Bitcoin, Litecoin, etc. BitFinex and BitFlyer are typical examples of Crypto Exchanges with Fiat Currencies Support.

2. Exchanges with Fork Trading

These Crypto Exchange Softwares permit Fork Trading or making use of one primary cryptocurrency to buy equivalent another cryptocurrency on the basis of buying/selling charts. uniDAX and MintPal are typical examples of Crypto Exchanges with Fork Trading Support.

Global Crypto Exchange Market 2019-2024

Taking an insight into the Global Crypto Exchange Market 2019-2024, there are speculations that this sector holds a lot of potential in the upcoming years.

(Source: marketsandmarkets.com)

The graph highlights the comparison of expected growth in market size by the year 2024 and the estimated compound annual growth rate between the year 2019-2024 for different countries across the globe.

Crypto Markets v/s Internet Users

Furthermore, while comparing the trajectory of total cryptocurrency traders across the globe to the total number of internet users, the crypto market is still in an early stage, and there’s too much of potential in this sector. The global reports and case studies also add to the fact that there are a fair number of chances for crypto markets to enhance further with the advancements in the blockchain technology and IoT sector. The involvement of people in the crypto sector is somewhat similar to the growth witnessed in the number of internet users during the early days.

The stats further suggest the growth in crypto exchange is directly proportional to the people engaged in using the internet and growth in the number of legit websites as far as the decentralized Applications or Decentralized internet is concerned.

Also, talking about the popularity of some commonly operated crypto exchanges across the globe: Binance tops the table with a rating of 9/10. This Exchange gained a lot of popularity in the last 2-3 years and recently concluded its ICO a few months back.

Popular Crypto Exchanges

Now, let us have an insight into the popular crypto exchanges across the globe:

1. Binance

This Crypto Exchange offers a mobile app, and this fact makes it the fastest growing exchange in the crypto markets. This Crypto Exchange platform tops the chart in the year 2019.

2. KuCoin

KuCoin, the next name on our list is famous for the launch of a dedicated mobile app for both iOS and Android platforms. This exchange is working hard and consistently rolling out updates to make their app one of the best in the industry.

3. Bitmex

Bitmex, the next name on this list is equally popular among the masses for high volume trading sessions.

4. CEX

This exchange is my personal favorite as it comes with state of the art security features and charges a low trading fee. Thus, it ensures more profits. Also, it supports superfast transactions.

5. CoinMama

CoinMama is one of the oldest players in the crypto markets. They allow instant buy and transfer of BTC and ETH.

6. Bittrex

Like all other exchanges in the list, Bittrex is a high-quality exchange that allows transaction of different crypto coins at one place. Thus, it provides with many options at one platform.

7. Changelly

Changelly supports instant conversion from one currency to another as per the user’s choice. Thus, making it a wise choice.

The other Crypto Exchanges with the ratings in the market.

Best Cryptocurrency Exchange Platform in The Market

The best crypto exchange platform in the market is decided based on the factors listed below:

1. Crypto Currencies Supported

The number of supported coins and tokens on the platform play an essential role in deciding the top Crypto Exchange in the market. Among fiat exchanges, Bittrex is famous for supporting trade in over 100 tokens, while Bitfinex allows trading in around 39 tokens/coins. Some of the popular crypto exchanges like Kraken and Kucoin allow trading in 17 and 12 tokens respectively.

While talking about crypto-to-crypto exchanges, Poloniex support around 66 tokens and Changelly allows trading in over 100 coins. Likewise, Binance, a rapidly growing Chinese exchange is known for allowing trade in over 350 cryptocurrencies.

2. Countries Supported

The popular fiat exchanges like Bittrex, Coinmama, and Kraken extend their support in about 200+ countries. They are still inaccessible in few states of U.S. In fact, Coinbase, one of the largest crypto platforms extend the support in only 38 states in the United States. Crypto-to-Crypto exchanges connect the people from several countries across the globe for crypto trading.

3. Lowest Transaction Fees

Various crypto exchange platforms charge different transaction fees. For example, Coinbase charges all the transactions at a set base rate of 4% but waves a part of the conversion fee based on the payment method used. The famous Coinbase pro or GDAX platform charges a 0.10%-0.30% taker fee as well as 0% maker fee. On the other hand, Binance charges around 0.1% trading fee. Another famous name in Crypto market, Kraken’s maker fee varies from 0.0-0.16% based on the volume, and the taker fees range between 0.10-0.26%. No doubt, Coinbase has the upper hand in this feature too.

4. Services Offered

The offered services play a vital role in deciding the top player. More the number of secondary features, more people find the platform easy-to-use. Hence, digital wallets, insurance protection, instant money transfer, offline storage, etc. are some of the standard services offered on almost every platform to attract investors. Coinbase, a pioneer exchange bags the top spot among all other crypto exchanges as it comes with the latest security and encryption practices. Moreover, it provides insurance security against loss in holdings due to theft for up to a maximum amount of $250,000.

5. Latest Technology

Coinbase beats all other crypto exchange platforms when it comes to the use of state-of-art technology while Bitfinex lies second in this list. Coinbase comes with a better interface and technology. The latest Coinbase Pro platform provides an entirely user-friendly environment. While coming to Bitfinex, it has an advanced charting option and a host of indicators depicting every transaction. It also allows traditional orders like market, limit, stop and algorithmic trades like OCO, Iceberg, and Post Only.

Considering all the above points, when it comes to the Best Cryptocurrency Exchange Software in the Market, no doubt Coinbase is the top contender. It comes with the support for GDAX platform (known as Coinbase Pro). In addition to that, the app provides a user-friendly interface for every kind of investor. The whole process of joining and linking bank accounts is relatively simple. All the coins and tokens can be traded quickly by scanning the unique QR code.

The exchange comes with the latest security protection. Moreover, the best part of using Coinbase is that the FDIC covers under insurance the holdings of every U.S. citizen up to a maximum limit of $250,000. Apart from that, the transaction fee is also very less and legit.

Working of Crypto Exchange Software

People often confuse blockchain technology with crypto trading and crypto marketing. But in simple terms, cryptocurrency and cryptomarkets are one of the many applications of blockchain technology. Also, blockchain technology has revolutionized the concept of data transfer. Every individual block comprises of three things: a cryptographic hash of the existing block, a timestamp, and data involved in the current transaction.

Blockchain: All You Need To Know

1. The term “blockchain” refers to a publicly available worldwide database that is encrypted and loaded with many security features.

2. The working of blockchain is simple to understand. It allows users across the globe to add information to a database and data is spread over a network. Thus, it ensures that no data gets corrupted.

3. The data is continuously flowing over a network, and no copy of data gets stored at a particular location or server.

4. The continuous flow of data over a network ensures that data is not altered from time to time.

5. Blockchain technology has revolutionized the concept of data security as no other technology permitted the free flow of data over a network without storing them on the servers.

6. Besides, this technology is an open-source software which allows everyone to create their blockchain.

7. The complete blockchain model is decentralized, and a single party doesn’t have control over it.

8. Therefore, the data once submitted can’t be manipulated again by the third-party users.

With the invention of Bitcoin in the year 2008 along with blockchain sector, people started to develop their cryptocurrencies across the globe with the help of cryptocurrency exchange developer. Thus, a broad crypto market flourished over the years and investors began to make investments in this field.

Currently, around 700 digital currencies are existing all over the World Wide Web. Though most of these cryptocurrencies are not-so-popular, nobody can suspect what comes next! Each Crypto Exchange has its own set of features like the commission cost, limitation, currencies they allow to trade, etc.

WORKING:

The following image depicts the in-depth view of a simple Crypto Exchange Software:

1. The Crypto Exchange Software allows multiple users across the globe to connect to a secure network.

2. When someone requests a transaction, the request for a peer-to-peer connection is set up.

3. The individual computer involved in p-2-p connection is known as a node.

4. Multiple nodes validate the user’s requested transaction based on the known set algorithm. A valid cryptocurrency transaction involves transfer, record, buying or selling of cryptocurrencies.

5. Multiple transactions are combined to form a new block of data.

6. The next step consists of the addition of the new block to the existing blockchain.

7. Once, the block gets added to the existing blockchain; the data is permanent and unalterable.

8. Finally, the transaction is complete.

Characteristics of Crypto Exchange Software:

While developing a stable crypto exchange software, it is necessary to incorporate the following characteristics:

1. Security:

It is essential for any exchange to come with state-of-art security and encryption practices. It wasn’t a long time ago, the news of hacking of South Korean Exchange Bithumb shocked every crypto trader. The total loss was estimated to be somewhere around $31.6 billion. Also, security is essential to protect the identity of the user and prevent data loss.

2. Supported Cryptocurrencies:

It is vital that Exchange provides users with a one-place destination for trading in all cryptocurrencies and tokens. Since investors don’t have time to switch from one platform to another.

3. Fees and Commissions:

Every trader wants to book the maximum profit. So, it is necessary that an exchange doesn’t charge high fees and commission as transaction charges can cost a fortune in high-volume trades.

4. Mode of Payment:

Adding multiple payment options ensure more flexibility for traders. Some of the standard modes of payment are cash, credit cards, wire transfer, pay through PayPal, etc.

5. Geographic Location:

Since the laws and the legislature policies differ from place-to-place. The geographic location and laws governing the area also plays a vital role in setting up crypto exchange markets.

6. Ease of Use:

Since the crypto traders can’t spend their valuable time learning a sophisticated financial instrument. It’s essential that the website or application comes with an easy-to-use interface.

Cost of Launching Cryptocurrency Exchange:

The report suggests that the cost of launching Coinbase, one of the pioneer cryptocurrency exchange website is somewhere around in the range of USD 57,000 to USD 98,000.

The total cost of launching both website and application for a cryptocurrency exchange platform will cost between USD 1,32,000 to USD 1,45,000.

The costs mentioned above are approximate figures. However, the figures can vary depending upon the needs of the user and scope of work. Therefore, one can tell the exact estimate only after the complete analysis of the project based on the feasibility and requirements.

Once, you’re done with the cost estimation almost 80% prepared to launch your very own Crypto Exchange platform. Now, there are only two things left for you to look at –

A. How to ensure the security of your Cryptocurrency Exchange Software.

B. Type of Crypto Exchange Software you want to set up.

Conclusion:

The blockchain technology and Crypto markets hold a lot of potential in the coming years. The high returns and volatility of crypto markets have been a hot talk since last decade. No wonder why there’s a demand for stable and secure Cryptocurrency trading Software across the globe. As more people are following crypto markets keenly, we hope that this article gives you a better vision for setting up your very own Crypto Exchange.
That’s all from the story. Stay connected to read more!

If any query persists, do notify us in comments. “We’re happy to help you.”

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Most people back out because they are afraid that private data might be stolen and this is why the development of apps should be done in a way so as to make them feel secure. You could earn the trust of your customers by creating a e wallet app for them that would make them feel secure and safe.

The following are some of the tips you can use for a blockchain wallet app development.

1. Nothing can be as important as transparency

The customers would be drawn if the wallet is transparent. It means it is easy to see what is going on and the customers stay informed. After all, everyone is cautious about their money, and if they are trusting you with it, you should be careful in handling it. The need for transparency in the business is indeed very high. The customers must be able to understand the process and adapt to it easily.

For instance, if they are going through a transaction, would they be able to retract it or how would the refund process take place. It is important to be detailed while maintaining the transparency of a business.

2. The privacy policy should be crystal clear

Customers are always concerned with sharing their private information, and this is why they back away from online transactions. They often feel insecure about sharing their private information like location, personal identity, contact information, credit card number among others. This is why a wallet app needs to be designed in a way that security is as tight as possible.

Customers should feel that their personal details are safe. This is an important thing to keep in mind while doing the bitcoin wallet app development. The clear privacy policy would allow customers to take the step to migrate to online shopping.

3. Brand names do matter a lot

Offering a face to the website is essential. It would help the business if there are pictures of the Company, its engineers and founders online. People would like to know who is working to keep their day going. The ‘About Us’ section offers the perfect place to connect to the people and help you to convey the message that you want to tell your customers.

You should tell your customers what drives you to serve them and why the services you provide should be the one that they trust. A team photo and some valid contact details would help you. It would be a step in building your customer base and putting your wallet app open to the world.

4. Speed is everything when it comes to technology

There can be no de NYing the fact that access to the Internet is very fast today. People do not like to wait longer than they need to. Even a delay of a few split seconds could be hampering your profits. If they find that your app is slow to respond, customers can easily download another app in the time being. This means one of the most important things to ensure while developing an app is that it loads very fast.

Since the wallet app would be dealing with transactions, it is essential to ensure that these transactions would pull through even when the Internet connection is slow. This is because the money of your customers would be on the line.

5. SSL Certificates are Encryption is important

It is crucial to have SSL certificates on the website in order to gain the trust of the customer. Security and privacy are some of the significant concerns that bother a customer. The trust that the customers put in your apps would be loyal forever if you keep their data secured. So it would be a good idea to showcase the awards and recognition you get along the way. It would help to get you the necessary recognition.

6. The website should look professional

When you create the site, you should show that you mean business. The trust of buyers can be won by keeping in mind one essential element. You should navigate and look professional and ensure that the buyers can trust it. The text on the website cloud is clear, and the design should be clean. Clumsiness is one of the most critical factors that make visitors dislike a website. This would definitely improve the conversion rate. If you are involved in blockchain wallet app development, make sure that your site is up for the challenge.

Also Read: Top Reasons for Using Blockchain in Healthcare

7. Do not go back on your words

You can never go back on your words, especially on the deliveries. The online buyers or customers are relying on the wallet app designed by you, and they want to see the product updated and ready at all times. It is essential to make the product ready as soon as possible and deliver the services at the promised time. The customer would feel that the transactions are valuable and this would create an excellent online market. Establishing a steady online market would obviously mean better opportunities for you and better chances to grow.

8. Testimonials and Customer Reviews

When things are bought online, customers do not really get a chance to check out the product. They have to base their judgment solely on the reviews that are available online. This is why it would be a good idea to have a nice place to let customers put their thoughts and reviews. This would not only help you to grow your customer base but even help you to understand where you should put more stress. Bad reviews would not keep you at a loss. This would mean that the customers are truthful. Moreover, criticism is the way to make things better and sharpen them over time.

9. Social Media Engagement

Nowadays digital marketing has reached a whole new level. Businesses do not only put advertisements on clothes and items of regular use, but you can also find ads for mobile apps as well. The social media would help you to increase your outreach and make your wallet app accessible to all. Useful information can be posted about the brand, and the customers would be more open to the brand.

10. A wonderful customer service

This is one of the factors that cannot be ignored at all. The customer service is one of the most critical factors that you should account for. Customers would not leave you if the problems or questions are answered on time. They would not only stay with you but recommend you to their friends and relatives. The customer service staff should be knowledgeable and be able to offer proper information on the queries and complaints.

These are some of the tips that can help any Company to involve in blockchain wallet app development with the best performance.

The post Top 10 Tips to creating a Trust-winning Wallet App appeared first on PuzzleInnovationz:.

The Blockchain innovation re-established a few enterprises. You can think about Reale Estate, Healthcare, Training, and Law, etc. Bitcoin has enabled the business visionaries not only to make a profit but also to build an image. Today, the most fantastic utilization of Blockchain is in the mobile application economy.

You must be thinking how the Blockchain innovation is useful in the mobile business? By what means can Blockchain bring a drastic change to mobile applications?

The on-demand apps economy is without a doubt developing quickly. It is going to generate quite an immense amount of revenue for the coming years. The application stores are stuck with a massive number of applications today. Both the application engineers and clients are taking advantage of innovations.

There has been a remarkable exponential development and mechanical advancement in mobile application improvement economy. However, the healthcare mobile app development sector is still confronting different issues today.

Healthcare projects excelling in the blockchain

Source: Andy Coravos

How Blockchain Healthcare Innovation can illuminate a few concerns in the free economy

The mobile apps play quite a significant role in the healthcare sector today. The mobile marketplace includes different third parties between the healthcare mobile app development designers and clients. They assist in different types of financial dealings and monetary exchanges. However, in the meantime, these activities are not entirely transparent.

Accordingly, we confront circumstances like security dangers, unauthorized information access, hacking and malware issues. These issues can be quite harmful to your business. It can lead to clients abandoning your app thereby resulting in a substantial financial loss.

The Blockchain innovation offers reliability and with it comes the security part. It will protect information in a way that your clients do not have any worries. Blockchain can handle all the concerns associated with the free economy. However, you must ensure that you apply this technology most appropriately.

#1. Approval for the mobile apps:

Google and Apple’s application store currently manages the mobile apps approval process. They choose which mobile application they will launch on their application store and which not. An app has to pass through several quality confirmation procedures and other standards. Remember, these app stores are quite strict when it comes to the approval processes.

However, such a checking process makes the system bulky and tedious. It is additionally confusing mobile application designers as well. They are not sure whether their apps are approved or not. However, approval of apps without proper checking has its downsides. any apps published without approval can contain malwares and bugs and can be highly unsecured.

Here is where the function of Blockchain innovation comes into the picture. With their help, application endorsements can be quite straightforward through a reputable engineer framework. Such a structure will explicitly connect to the monetary exchanges of people in general accounts. It will be accessible for examination constantly. These innovations will assist in identifying users through different verification processes.

Read More: Healthcare Apps Impact on Patients and Healthcare Industry

Reasons for using Blockchain in Healthcare

Source: DataArt

Blockchain innovations are quite favourable concerning digital currencies like Bitcoins. Such change has a lot more to offer especially for healthcare associations, specialists, and patients. You can utilize blockchain in healthcare to oversee records and protect data safely. Hence, a blockchain is very crucial for health app developers to build their apps.

Let’s investigate some other reasons why blockchain-innovation is crucial for the healthcare sector. These are the key features of why new businesses need manufacturing applications.

#2. Blockchain removes the mediators:

As already mentioned, people knew blockchain as digital forms of money. In any case, blockchain is more radical than individuals figure it out. Blockchain innovation removes the broker for healthcare services data. The system has no third-party involvement which also reduces expenses considerably.

#3. You can authorize others as per your suitability to read your substances:

Encryption of all information is not mandatory for you. You can only hide that part of the information that you want to keep private. A blockchain passage is just a reference; the information it presents can be in a protected record elsewhere. So you can utilize blockchain to assemble information from different sources safely.

It implies that you can store all your data safely and protect it. Blockchain offers you immense support to safeguard your information from unauthorized access. Hence your information will reach only those whom you authorize to view it. In this way, this innovation can free you from your worries.

#4. Transparency in transactions which are also traceable:

Blockchain innovations like cryptography guarantees that every section is unchangeable once you have built it. You will also be able to read delicate data with your secret key. With the help of Blockchain, specialists and patients can have full access to edit data. The administrators who don’t have full access can even track and handle the administration productively.

#5. Secure innovation implies protection and ensures compliance:

Secure electronic healthcare records should be available to the authorized clients only. Blockchain joins EHRs together in overlapping the accounting entries. Hence all the entries are hidden subsequently. Only the designated personnel can view the information. Blockchain maintains privacy with the patient information and your organization supports compliance.

#6. IoT therapeutic gadgets are more protected:

Internet of Things solutions changes the way of interaction amongst patients and healthcare departments. Associated devices give clinicians access to immense volumes of information continuously. However, security was not considered as the topmost priority initially. With the evolution of IoT, things changed.

You need to be extremely cautious regarding the security of medical instruments required during an emergency. You also need to be very careful while sending information in an unprotected way. In blockchain innovations, there can be a digital transmission of healthcare data through different gadgets. If such a thing happens, then it will be the most creative innovation.

#7. Protection of supplies and Inventory network:

Restorative supplies are regularly high-esteem and at the same time convenient. Hence they are vulnerable to robberies and forgery. Checking the root and chain of care for drugs and expensive medicinal gadgets is necessary. It is the basic to conveying high-quality healthcare.

These key factors can also be quite helpful for health app developers in the future.

Conclusion

Development in innovation implies open doors for new companies. It is the beginning of a journey for ledger systems and EHR. The entire set up is not yet complete till date. Blockchain-based applications require extensive computation power for doing the job. The cryptographic forms of money pay excavators, to do the encryption calculations and facilitating.

Healing facilities and other medical associations have the required IT infrastructure. With the help of practical innovation, these facilities can build a robust security system. It will not only enhance their reputation but will also make them profitable.

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