Basic Questions To Ask When Buying Cryptocurrency Exchange Software
As cryptocurrency is super-trending nowadays, it is important to be educated before buying cryptocurrency exchange software. There are few information required to be obtained from the development company during the pre-development, development and post-development processes. There are a few attributes that needs to be checked with software provider when buying the exchange software,
- During pre-development, need to ask whether they provide whitelabel solutions.
- Check matching engine speed in TPS unit
- Have to check whether it is cost-effective than building from scratch.
- Liquidity is provided while the customer sends the order to an exchange
- Whether their mechanism is faster than eliminating the KYC process.
- Carrying out simultaneous trading between various cryptocurrencies.
- Whether tokens are provided in order to avail transaction discounts.
- Intermediate is present for secured wallet transaction mechanism.
- Whether negotiations are private and involve no middlemen
- Two step authentication is provided with QR code and backup codes.
Extensively customized exchange software can be built using all the support services required after getting started. This will increase the number of cryptocurrencies circulating in the market and business will go up.
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