Welcome to the Ask SCN Community Forums Global Forum Centralized & Decentralized Crypto Exchanges Prerequisites to Launch A Crypto Exchange like Coinbase

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  • #2144
    Adelina
    Participant

    Leveraging a platform like Coinbase isn’t as easy as ABC. You need to pre-plan certain things. Firstly, identify the ideal audience for your exchange platform. Secondly, figure out your cryptocurrency exchange like coinbase platform’s USP (unique selling point). Lastly, for a typical exchange platform, ensure that you bestow it with a multi-currency support functionality. You can’t afford to lose people who wish to transact via fiat, can you?

    #2801
    liacarter
    Participant

    More and more exchange platforms are grooming in the world but there are many platforms that can be hacked easily. But Coinbase is a trustworthy platform that has high-security features and low fee structure accounting of all this is considered to be trustworthy.

    It is a well-developed and user-friendly platform, where cryptocurrencies and tokens can be exchanged as well as swapped, buy, sell tokens and coins. This will have a KYC process and follows the rules and regulations.

    It is right if you wonder, How such significant features would fail to meet all the demands of existing crypto enthusiasts!

    Security measures of Coinbase

    ID verification

    The user must submit any of the ID proof issued by the government which will have an address, name, DOB, etc.

    Cold storage usage for security purposes

    While storing money in any of the online wallets is risky, Coinbase provides you an offline cold storage wallet to keep your digital assets safe. 98% of the people use cold storage to safeguard their assets. Coinbase spreads this wallet globally to store digital assets.

    Coinbase wallet security

    Every customer has their own wallet address and private keys encrypted.
    This keeps traders’ personal information and other information stored offline.
    And the AES-256 is used to store information and this is split into multiple copies and stored in FIPS- 140 USB drives and paper copies.

    Some additional security features

    They have a unique device password and two-factor authentication. They have to pass a criminal record test. They should have prominent workstation hard drives and should access them only with a strong password.

    As this has all the security features this is definitely a secured platform.

    You want to create a secured platform like this and earn revenue. The best option will be the Coinbase clone script.

    Coinbase clone script is an exact coded clone script of coinbase. This replicates all the features and functionalities of the clone script. If you want to make your platform different from others you can add or change your features using customizable options.

    Choosing the best company to buy is the important thing to start your business

    WeAlwin technologies – Leading cryptocurrency exchange development company across the world. Choosing them is the best option to start your business immediately. They will provide you with a ready-to-launch coinbase clone script so you can instantly start your exchange business.

    The clone script will be 100% error-free and fully packed. The team of experts will stay within pre and post-launching.

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