Instant Non-Custodial Cryptocurrency Exchange-crypto app factory
The
skeptics have always thought that Cryptocurrency was a fad and the
value of it could perish anytime. Right after Facebook's Libra
cryptocurrency was introduced, the price of Bitcoin and other
cryptocurrencies shot up to dizzying heights proving them wrong once
again. The wide spread adoption of it has started as more companies
like starbucks,Facebook.compound Finance etc are putting
cryptocurrencies to use with products we use everyday.
Before
we talk about building a Non-Custodial
cryptocurrency exchange, let's understand why it's different from
a Custodial Exchange.
Custodial
Exchanges are designed in such a way that the cryptocurrencies are
held in one single master wallet that the exchange maintains and
guarantees for its security. The user accounts created under these
exchanges get a private wallet address under this common wallet with
which they can store, buy or sell cryptocurrencies.
Though
it provides a greater control of funds for the exchange, the onus of
investing in security measures to safeguard the funds at all times
rests with the Custodial Cryptocurrency exchange as it stores your
funds and private key that would unlock the funds. Should the
cryptocurrency funds gets stolen due to a successful hacking attempt,
the exchange is liable to pay it's customers and the uncertainty of
whether and when they would looms as well.
Whereas
the case with non-custodial instant cryptocurrency exchange is that
Exchange does not hold the private key or have access to the entire
funds.
Instant
Non-custodial cryptocurrency exchanges make the trade happen on the
fly swapping funds directly from the user wallet every time a trade
needs to be done.
How
do trades happen on this Instant Non-Custodial Cryptocurrency
Exchange Script?
Step
1: Before the trades are placed the funds that need to be swapped
are sent to the exchange's wallet along with the fee for each of
these trades to happen.
Step
2: The Instant Non-custodial cryptocurrency exchange script then
checks for the best available rate across other compatible partner
exchange for the trade based on the priority etc and then completes
the trade requests.
Step
3: If you are a seller, the Cryptocurrencies that you had sent to
the Instant Non-custodial exchange script’s wallet are sent
directly to the recipient's wallet address after deducting the
commission for the transaction. The amount which the buyer had paid
to the exchange gets transferred to the seller's wallet/ bank
account. Since the transactions are done on the fly, only the
required amount is sent to the wallet of the exchange, the seller
doesn't share the private key.
Step
4: As a buyer, the crypto funds are immediately transferred
within minutes (confirmations depend entirely on the cryptocurrency
and network speed) to your wallet. You do not have to share your
private key as well.
What
makes this Instant non-custodial cryptocurrency exchange script
different from the Crypto App Factory Cryptocurrency Exchange script?
Crypto
App Factory has already a variety of Cryptocurrency exchange scripts
ranging from a P2P Cryptocurrency Exchange Over the counter (OTC)
exchange security
tokens Exchange Script and the difference is that all of these
are Custodial Cryptocurrency Exchange script and available for those
who prefer a Centralized exchange based business model.
This
Instant Non-custodial Cryptocurrency Exchange script however, allows
anyone to offer a hassle free trading experience for their customers
who are not comfortable with sharing their wallet details or access
to funds in order to maintain privacy and a greater sense of
security.
The
instant non-custodial cryptocurrency exchange is built with privacy
in mind and has been designed in such a way that users can carry out
anonymous transactions on the platform easily. Yep, they do not even
have to create an account or submit KYC documentation to place
trades.
In
a centralized
exchange, the price range of the cryptocurrency is limited but in
an instant non-custodial cryptocurrency exchange script, it compares
trades requests across different partner exchange platforms and finds
out the best price that would benefit the customer to make the trade
happen. All of this is done instantly.
Features
of the Changelly Clone Script
TradeView
UI
Heavy
duty and Slick TradeView UI to handle trades efficiently. Buy / Sell
instantly on the changelly clone script without lag.
Sensei
TradeX
Sensei
TradeX is the intelligent trading layer that compares the prices in
real time across the markets before automatically displaying the best
price for your trade. The Sensei knows it all.
Instant
Swaps
The
Changelly clone script swaps the funds instantly without delay as
soon as the trade is confirmed.
Anonymous
Trading
The
Changelly clone script comes with the option of trading anonymously
for those who value extreme privacy. No account or KYC needed.
Omni
Channel
Users
can trade on the Changelly clone script’s web, Android and iOS
interface. Offer great convenience for your users.
Dispute
Management
Manage
disputes or consumer grievances easily through the admin panel with a
set of handy dispute management tools we've provided.
Extensive
API
The
API of the Changelly clone script is robust and well documented to
allow developers to build great features over it.
Marketing
Suite
Marketing
Suite is built into the changelly clone script to run email, SMS or
Social media campaigns right from the dashboard.
Campaign
Scheduler
Marketing
Campaigns can be scheduled as per the best timings well ahead. Saves
you time.
Thanks for reading our
Content. To know more about our Services, kindly Visit our Website:
Crypto App Factory
101, Kumaran colony,
vadapalani,
Chennai – 600026,
+91-7397224461,
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