Essential Security Features of Cryptocurrency Exchange Software
Cryptocurrency
Exchange:
Cryptocurrency
Exchange is a platform that allows you to trade digital assets such as Bitcoin.
Depending on the exchange, you may be able to trade cash for digital assets, or
you may be able to trade one digital asset for another.
It
makes the Bitcoin business software faster, more powerful, secured, flexible
and easier to use.Cryptocurrency business enthusiastic can get the business
script as software package which can be customized and designed with special
features to meet your business requirements.
Types of Cryptocurrency
Exchange Software:
(i)Centralized
Crypto Exchange
(ii)Decentralized
Crypto Exchange
(iii)Whitelabel
Crypto Exchange
Features of
Cryptocurrency Exchange Software:
(i)Privacy Security Key Protection:
The
blockchain technology has transformed the way in which people do business all
across the globe by eliminating the middleman. But this has also increased the
privacy and security concerns that people face. These concerns can safely be
eliminated by using this privacy security key protection feature.
(ii) Google Authentication:
2FA
like google authenticator and OTP codes provides an additional layer of security
by ensuring that a valid user in accessing the account on every login and
Withdrawal.
(iii)KYC/AML:
KYC/AML
are essential to prevent unauthorized access and money laundering in crypto
exchange .Moving around Large sums of assets in the Platform will immediately
trigger anti-money Laundering checks to ensure a secure trade.
(iv)API Integration:
The
trades occurring at an exchange platform driveits liquidity position and
without trading activities, no exchange can survive.The most reliable way to
manage liquidity is by integrating the exchange to other existing exchanges.
(v)Multi-Sig Wallet Configuration:
Embedding
multi-sig wallet in the exchange offers more than one key for transaction
authorization. It is generally utilized to share the responsibility of
possessing the digital assets stored in the Wallet.
Benefits of
Cryptocurrency Exchange Software:
Security: Payment
secure is based on crypto system which has directly intract to Payment gateway
platform and bank.
Availability:
The Payment function availability method is simply by bank or Visa, Master
Card.
Privacy:
The Source of CVV or OTP is secure by user and
fetch with mobile or email.So no one person use this easily.
Open
Source: The Payment gateway
source platform is open sources which are always sync with any web browser or
application.
How Cryptocurrency Exchange Works?
Our Platform Uses Cryptocurrency‘s own
specifications to empower a safe route of exchanging various cryptocurrencies
with a non-trusted peer without even a requirement of the consolidated trusted
3rd Party.
1. Cryptocurrency Exchange software matches the
two people, one selling and the other is buying the particular Cryptocurrency.
2. In Predefined Steps, the exchange of the
value takes place via Payment processor, the local currency is transferred
which will support non-reversible Payments.
3. For Security, a tiny amount of
cryptocurrency from the local currency and seller from the buyer is kept.
4. As primarily agreed, the exchange continues
until the buyer has all the cryptocurrency and the seller has all the money in
normal currency.
Thank you for reading our content. For more
details, kindly visit our websites mentioned below;
101, Kuaran colony, Vadapalani,
Chennai 600026.
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