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Cryptocurrencies provide an excellent opportunity for the investors and entrepreneurs. After the advent of platforms like Remitano, cryptocurrency exchanges are no big deal for the investors. More than the investors, entrepreneurs earn quite a lot by owning the cryptocurrency exchange platforms. You might wonder how? Here, in this blog we have shared valuable insights on developing a well-featured Remitano clone script.
Table of Contents
What is a Remitano clone script?
The Remitano clone script is a ready-made peer-to-peer cryptocurrency exchange platform. The decentralized platform also allows users to buy or sell their cryptocurrencies with other users. This clone platform is developed on the lines of the popular cryptocurrency exchange platform- Remitano.
The platform offers a perfect destination for the traders and investors to trade their bitcoins in a safe and secure way. The platform is completely customizable for you to integrate your own ideas and creativity. With this ready-to-launch platform you can set your business in a new sphere.
How to develop a cryptocurrency exchange platform like Remitano?
- Firstly, understand the market and its nature. Understanding the market will help you build a strong business model for your platform.
- Analyze the key players of the market and know their level of competence. You can also drive your strategies through them.
- Choose a perfect business model for your platform that can yield you a handsome revenue.
- Decide the country where you want to launch your platform. After choosing your country for the launch , learn their rules and regulations.
- Select a perfect marketing strategy to market your product.
- Give your traders a sense of freedom to pay using more than one feasible option. Include more payment options to comfort them.
What is the workflow of our Remitano clone platform?
The Remitano clone app will have the following working pattern,
- Once the users download the app, they will get a form where they can fill their personal details.
- The platform will validate the information given by the users. After verifying, the users can trade on the platform.
- With their user credentials, they can login and start trading in the app.
- The users can post about their buying and selling of their bitcoins in the app. And other users can view their posts.
- When the buyers are convinced with the sellers, they can verify their profiles and proceed further.
- Once the trading is started, the escrow service will be turned on.
- The moment the trading starts, the sellers cryptocurrencies are held in the escrow wallet and the payment is done and it will get transferred to the buyers.
- The cryptocurrencies are automatically deposited to the buyer’s wallets from the escrow wallet.
What are the notable features of the Remitano clone script?
The white-label Remitano clone will have the following features. So when you develop your own cryptocurrency exchange platform, ensure to have all these features.
Escrow wallets
The Escrow wallets provide ultimate confidentiality for the peer-to-peer cryptocurrency exchanges. This will enhance the currency security of the platform during the transactions. However, when developing your platform never miss out on having this feature.
Trading bots
A trading bot is an automation, embedded with the cryptocurrency platform. When the market price of the cryptocurrencies reaches the programmed price, it will automatically trade. This will eliminate the need for any manual interactions in the trading activities.
High transaction speed
The Remitano clone platform should process the transactions at high speed. This saves both the buyers and sellers time. You have to minimize their waiting time and ensure quick and easy trading activities.
Payment integration
There are several payment options available for us to process transactions. So, you should make your users comfortable by providing more than one payment option like card payments, net banking,etc.
Dispute management
However you try for a smooth functioning of the app, sometimes it is quite challenging to handle certain situations. Hence, it is important to have a dispute management system that can provide prompt resolution for the problems.
In-app messaging
You can provide an in-app messaging facility for the buyers and sellers to chat with each other. When the buyers are interested in initiating a trade, they can have a word or conversation with the sellers through app chats.
Proximity match
In the Remitano clone, you can also develop a feature of proximity match to provide perfect proximity match for the users . This will enhance the trading functionality of the platform.
GDPR compliance
When you decide to launch your Remitano clone platform, you have to adhere to the rules and regulations of GDPR. This will also inspire more and more users to join your platform.
Two-Factor (2F) authentication
To make the platform extremely secure for the users to trade, it is important to provide them with a two-factor authentication. You can verify their email address and phone number everytime they try to login to your platform.
What are the benefits of launching a Remitano clone script?
- The Remitano clone is an extremely user-friendly paving way for the users to trade successfully without any hassles.
- It supports peer-to-peer trading where people can trade their cryptocurrencies easily without any third party intervention.
- The trading bot present in the platform will take up the role of regulating the activities. So, the chances of error or mismanagement is comparatively less.
- The escrow wallet acts as a protected security mechanism to store the cryptocurrencies. When the seller decides to sell his bitcoins , it gets stored securely in the escrow wallet.
- This platform allows assurances to provide enriched ROI for entrepreneurs.
- The smart contract based platform is highly secure and safe for the traders to buy or sell their cryptocurrencies.
Wrapping up
The Remiatano clone script will be a perfect option for you to start your cryptocurrency exchange platform. To make your ideas materialize you need a perfect development firm who are well-versed in cryptocurrency trading. Through them you can get your dream cryptocurrency exchange platform.
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