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Showing posts with the label cryptocurrency exchange platform

How to build a decentralized cryptocurrency exchange (DEX) platform-Crypto App Factory

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  Decentralized Cryptocurrency Exchange A decentralized exchange (DEX) is a partially-automated cryptocurrency exchange platform where no intermediate third-party can hold customers’ personal information, account balances, portfolio allocations, and fund positions at any stage. In other words, there are no centrally-controlled servers, thus eliminating a single point of failure. A decentralized exchange is popular for trading any cryptocurrencies without the restrictions of centralized platforms. They allow users to buy and sell cryptocurrencies from each other without the involvement of a middleman. Every decentralized cryptocurrency exchanges require users to register for an account before start trading. however once they have done creating an account they can list cryptocurrencies to sell, or buy someone else's, almost immediately. The most common Decentralized exchange typically rely on a blockchain platform. This increasing utility of blockchain is moving the ...

Cryptocurrency Comparison Script-crypto app factory

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A cryptocurrency is a fully decentralized, secure, digital currency whose creation is controlled by cryptography. Cryptocurrencies are not issued by central banks and their value does not depend on bank policies. Unlike regular currencies where new money can be introduced in the money supply through Quantitative Easing (QE), cryptocurrency prices are purely based on supply and demand. Bitcoin, created in 2009, was the first cryptocurrency. There currently are over 800 alternative cryptocurrencies, called Altcoins, such as Ethereum , Ripple and Litecoin. How? All data on the site is popultaed from API's from a varity of other sources (Major Exchanges, ICO sites , Markets etc. ) Pages get created dynamically for each coin in the market and each stat produced by Exchanges on regular basis ( in no time your site will have thousands of data rich pages ). Ex: https://www.coingecko.com/en/coins/ripple https://www.coingecko.com/en/exchanges/binan...

How this Blockchain does powered CrowdFunding Script work-crypto app factory

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First lets start with how normal Crowd Funding sites like Kickstarter Works: It all starts when an Entrepreneur comes up with a Brilliant idea of a project, but does not have the money to kick start it. He goes to Crowd Funding sites like indigogo etc. and posts all the information about his idea. He also mentions how much of funding he would require to get his project completed. The twist here is, instead of giving equity to each person who funds… he promises to give each one a piece of his finished product. Normal people like You and me browse through each project and fund the ones we like. Why? Because we get one of the finished products ( which would cost higher once its for sale ), and also gives us a good feel that we have helped someone achieve his goal. Now getting back to how our Cryptocurrency powered Crowd Funding Script works: Everything works in the same manner like how a normal Crowd Funding platform works, but just for how the funding is done. When an invest...

How Does this blockchain Powered Money transfer App Work?-crypto app factory.

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Users from across the globe register in your app. They can transfer money to each other instantly. Here is a simple user journey for your understating: John( U.S ) and Smith ( France ) are Registered Users in your Money Transfer App. John wants to Transfer $1000 to Smith. John Logins to the App > Deposits $1000 inside his account using his Credit Card. The fund shows up in his blockchain wallet inside the app. Then he keys in the Mobile number of the person, he wants to send $1000 to. In this case he enters the mobile number of Smith > Immediately Smiths profile shows > He chooses it. He enters the amount he wants to send ie. “$1000” and hits the SEND button. The $1000 gets converted to Cryptocurrency ( Stellar XLM coins ) > Gets deposited in the wallet of Smith. Smith gets a notification on receiving EURO 880 ie. $1000. Smith clicks Withdraw > The Cryptocurrency gets converted to EURO and g...

Over the Counter Exchange Software-crypto app factory

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What is an OTC cryptocurrency Exchange script? An Over the Counter (OTC) cryptocurrency exchange script is a centralized exchange, where the user can only trade with the administrator of the exchange and will have to pay the price that the exchange's administrator determines. The OTC exchange completely works in contrast to how a Peer to Peer (P2P) exchange operates, where the users determine the price of the cryptocurrencies they want to buy or sell and the order is matched with compatible requests. How does the OTC Exchange script work? A user would sign up for an account on the OTC exchange, To begin the trade they would have to deposit fiat currency into the administrator's account. This process is manual and offline, Once the account is verified and approved, they can start deposit the money to the bank account mentioned on the deposit page, the user would then have to submit their proof of transaction with the transaction ID, so the administrator ...

Crypto Arbitrage Bot Script

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What is arbitrage? Arbitrage is the practise of simultaneously buying a commodity (in this case a quantity of cryptocurrency) for a lesser price from one exchange and then selling it at a higher price on a different market. What is a Crypto Arbitrage Bot Script? A Crypto arbitrage bot is programmed to analyse different markets it is connected to and then chooses the cryptocurrency exchange that has the lowest price for the cryptocurrency that it is configured to purchase and then goes ahead with the purchase, simultaneously it identifies the exchange where the cryptocurrencies are sold for a higher price as well and then places a sell order there as well. The cryptocurrency arbitrage bot script allows anyone to start a cryptocurrency arbitrage bot platform that lets users to sign up for the service and trade across different exchanges that are compatible. Why should anyone use the Crypto Arbitrage Bot script? While Cryptocurrency is indeed booming, the prices at this...

What is White Label Cryptocurrency Exchange and it’s Features ?-Crypto App Factory

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Exchange is the primary platform from where you can start your journey in crypto trading, but the things are being optimized and new concepts are making their way into the market. With White label Cryptocurrency Exchange development, the changes are becoming acceptable and the number of crypto enthusiasts is increasing rapidly. What is the Whitelabel Cryptocurrency Exchange? A whitelabel crypto exchange is nothing but an off-the-rack version of exchange platforms. They come with high functionality and robust backend which makes the trading experience for every single crypto enthusiast better. The best thing about these exchanges is that they can entertain small changes as well even if they are in a ready-made format. Things like business logos and color themes could be chosen as per the requirement of your business. Advantages of White Label Crypto Exchange Saves Money and Time both: The ready-made platforms are much when it comes to saving time and money both. That’...