2020

Crypto HYIP websites are better for higher ROI. Now, when you seek an HYIP script for cryptocurrency – it’s generally the source code that you want to view. The word HYIP means High Yielding Investment Platform. And it is a great way to attract investors. 

The crypto world is raising havoc for profits. And creating an HYIP website can help any company grow. A lot of investment companies are following HYIP websites to gather profits and investment. Over the years, HYIP investment is gaining popularity. And to acquire a stable ground for HYIP projects, you need a proper tool. HYIP scripts can offer you luxury.

The problem of finding a proper HYIP script will be fierce. More and more developer company is starting to code HYIP scripts. However, without proper experience and coding skills – it will be hard to locate a good script. And before starting off with the idea – having a good idea about the landscape is important. 

So, before trying to set your own Crypto HYIP website, we should discuss the basics. The way you can create a successful HYIP website with ease. 

What is Cryptocurrency HYIP Script? 

Crypto HYIP script is mainly a source code for your HYIP website. Before considering creating a website for HYIP – you better create a suitable platform. It’s better to create an HYIP software script on your own. Because with the help of simple HTML and other coding skills – you can create one. However, relying on a good development company can also help you get access to a good platform. 

Crypto HYIP is just like other High Yielding Investment Platforms. The only difference is that the platform uses cryptocurrency as an investment medium. Cryptocurrency is taking the world by storm. Numerous ways are being implemented for successful transactions and business. And HYIP platforms can be another big opportunity. 

Now, just like we said, these scripts are just source codes. Before you install the script on your domain, it comes as an easy installation package. Of course, HYIP scripts come with their own sets of unique features. There are many aspects of such scripts that we might offer you.

But the best thing about using bitcoin HYIP scripts is that – you can install them easily. Not just that, set your business platform within a week or less.  

How does HYIP Manager Script work?

Almost everybody understands the HYIP business. So, how does the crypto HYIP business work? Because once you enter the decentralized world – there is no central authority. But one thing is clear – crypto HYIP business uses crypto as their investment medium. And the profit you gain is also cryptocurrency. So, no confusion there, whatsoever. 

Well, any administrator can easily set up or configure the website. Yes, any HYIP business can be configured and set-up easily. Investors need to sign-up on the HYIP mlm software. The business administrator usually sets the tenure and investment frequency. So, investors can choose the investment tenure and ROI. 

Now, investors can choose to claim the return on a daily, weekly, or monthly basis. Of course, the administrator will set the transactional process. And the payments are slotted on the website. 

On an HYIP business platform, every user will get a wallet of their own. This wallet is created automatically when he signs-up on the platform. All the users need to do is deposit the amount. On the other hand, the platform administrators will collect the money. 

After collecting the money, they will start investing in a series of different businesses. Once invested, the administrators will start to collect the profits. After that, they will start to send the profit to other users. It’s important to share the profit and shares as soon as possible. Creating proper profit sharing is crucial to keep on track. 

However, HYIP businesses can often become risky. Because the administrators are investing the money. And most of the time, they may face loss and other problems. But doing business in the crypto world is often ruled with such problems. It’s about how you can keep the platform safe. 

How can you make money with a Crypto HYIP software script?

A lot of people would prefer to use crypto trade scripts for making money. Now, HYIP investment platforms are getting popular day by day. So, it’s important to understand how you can make money. The way HYIP crypto business works are straightforward. Investors are investing and as an administrator – you are investing them on different sets of business. 

 Of course, after gaining a profit, you will have to share the profit with other users. As an administrator, you can keep only a portion of the money. But that may seem a little odd as the only earning source. As an administrator, you would want to gain more business opportunities. That’s why we need to discuss the matter. 

Yes, creating an HYIP business can help you gain profit in multiple ways. Of course, the profit avenue depends on the script or source code. What type of profit features the script offers is a big issue. But we can offer you some common profit avenues from any HYIP software script. 

Profit from Investment

Any HYIP platform owner primarily profits from the investments. Yes, this is the most important revenue opportunity for HYIP business. Because investment is quite straightforward for investors. On the other hand, if you want better revenue – you have to be strategic. 

Any platform administrator will use the investment for larger business aspects. He will invest the crypto for different sets of business opportunities. Of course, he would have to go through a proper strategic plan to do so. Without understanding the proper market, he cannot maintain an HYIP business. 

So, HYIP business is best for people who know how to invest money in different sets of business. A man without a good knowledge of the crypto market is no use for the crypto HYIP business. No, it’s not like that anyone can start an HYIP business. Building one is not a big issue at all. However, you have to return high-interest to the investors. 

If you can make good business opportunities, you can also gain a lot of profit. And when your website or business becomes trustworthy, you will gain a lot of profits. So, the first and foremost opportunity to raise money is by investing in other aspects of a business. 

Referrals

Referral programs can be another great way for gaining profit from HYIP business. Well, this part of income is in the second phase of your business. To grow any HYIP business, the administrators need investors. Investors not only increase your investment, but they can also bring potential investors. This is where referral starts to shine. 

After your first investment procedure, you will gain a profit. Well, if you can take the right strategy then there will be a profit. Once you give the amount as promised, they will start to trust you. Not just that, they will refer your website to others. And this can always increase your investors. Having more investors means more money. \

After gathering more investors, you can also expand your business opportunities. So, a referral program is another way to earn a handsome amount of profits. 

Transaction Fee

Just like we said, every user or investor will get a wallet from the platform. When any user signs-up, a new wallet is created automatically. Using the wallet is straightforward and administrators can charge a transaction fee. Yes, this is a good way to earn a hefty amount of money. Of course, this is an optional feature. 

At the beginning of any HYIP business, admins tend to cut the transaction fee. Because removing the transaction fee is sometimes great for any investor. So, a transaction fee is another place where HYIP business admins can earn money. 

Principal Withdrawal Fee

Well, this is another revenue method for HYIP business. As we said, investors need to create a deposit first. And when they want to withdraw that same amount – administrators can put a withdrawal charge. And this is another way to earn money from the HYIP business. 

Why using HYIP Manager Script is Profitable? 

A High-Yielding Investment Platform is a great way to connect with a business. Mainly, the word HIgh-Yielding is true for both the administrator and the owner. It’s because the HYIP manager script is a common platform for investors to make a team. But what’s great about HYIP is that people from every investment level can join the platform. 

Now, why do we think HYIP business is profitable? There are multiple reasons behind it. Let’s check every one of them briefly. 

Capable of multiple investment plans

HYIP business can help you create multiple investment plans. It’s because HYIP platforms can attract investors from higher rank to lower orders. Not just that, all sorts of people from the market will gather in this common landscape. 

Of course, you would need to gain good software support to back up your plans. HYIP manager scripts can help you with the facility. Although we cannot claim there is any clone version of HYIP scripts available. But there are some standard features people might evaluate. 

Back to the topic, HYIP scripts allow users to evaluate the marketplace. Investors can come and invest their money. And with the investment, you can create different business opportunities. No need to worry about finding upper-level investors for your specific profit. Instead, use them for your own good. 

Can turn to any business medium

HYIP business is just creating a platform. A platform where investors can connect for better revenue. And as an administrator, you can get a lot of business opportunities out of it. The trading medium is crypto for your business. And you can easily connect with any potential digital business. 

You can go to mining, software development, trading, or any other digital business. Of course, that depends on your marketing strategy and how well you can find a strategic way to grow your investment. So, HYIP lets you do any sort of business you want. However, HYIP does come with several risk factors. 

When your business faces any loss, you will have to give some money to the investors. So, only people with proper marketing knowledge and a market idea can gain success with the crypto HYIP business. 

Can become a fundraising platform

Suppose you are a potential industry owner. Or you have the idea to gain massive business opportunities. But the investment and budget is the biggest issue here. Well, if you wanted to create a cryptocurrency, you could have just made an ICO project. But in this case, ICO is not the solution. 

HYIP business can help you as a fundraising mechanism. And that’s a huge benefit, of course. If you can launch the right product at the right time, you are sure to gain massive profit from your business. So, HYIP business is also good for crowdfunding for your business. 

Difference between an HYIP and a BItcoin HYIP Script

Now, this is an interesting question, and the question itself is a misconception. Of course, before starting out your HYIP website, you will need good software to back you up. Without proper platform software, the investment platform cannot gain trust. 

Well, the HYIP manager script and Bitcoin HYIP Scripts are the same. There is no difference between the two except the name. HYIP business script comes in different names. But typically both are the same. If there was any difference, it would be on the crypto. Maybe that site only accepts bitcoin as an investment. 

However, we can say for sure that both of these scripts are the same. 

How is HYIP Scripts Different from Other Scripts?

When you are working in the digital world, you will meet a ton of website scripts. Understanding the key difference is always important. It’s because the tiniest of details can help you gain success in this business. Now, HYIP scripts are different only for one reason. Administrators don’t have to focus on managing investors. On the other hand, investors will make an informed investment. 

Yes, HYIP scripts are very easy to use and handle. The ease of use makes this script a game changer in the digital world. One thing you should keep in mind. Every HYIP mlm software comes was built around three things in mind – ease of use, clarity, and trust. 

Admins are responsible for clarifying the investment plans. And the software script lets the investors get access to all the relevant information. Well, the script comes with a rich admin dashboard for the users. So, administrators will focus less on investors. Rather, they would focus on the business dealings. 

So, yes, this is all about creating ease of use. Not to mention, trust and clarity is the best thing HYIP mlm software offers. Of course, there are things that you need to ensure to create good software support. Before going to the details, you have to stay clear about the basics. 

How to Start Your Crypto HYIP Business?

One thing for sure, HYIP investments can gain people a large amount of money within a short period. Most of the time, these programs seek investors. And once the program earns a profit, the admins share a part of the profit as interest. 

Yes, it’s not as safe as a crypto exchange. But if you have a good knowledge or strategy about any business – giving HYIP a try is worth it. But just getting an HYIP manager script won’t help you. It’s because you have to connect with investors. In recent years, plenty of platforms were proved to be scams. And you don’t want to get that tagline or do you?

Just like we said, Crypto HYIP business scripts are built with three things in mind – trust, clarity, and ease of use. So, you have to follow those paths that would lead you to these three. But how can you do so? We can show you the path. 

Forming a good business plan

For any HYIP business, the administrators need to plan business in two different segments. The first one for collecting investment and the other is for securing the funds. So, the business owner needs to come with a plan to cover the risk. 

Planning can help you gain business opportunities. Of course, you’ll need to have a good idea about the market. Just having technical knowledge is not going to cut out for you. Practical implementation and success experience will help too. So, before starting your business, you need to ensure one thing: 

Are you up for the HYIP business?

Before forming your plan, you need to know are you up for it or not. Because most of the people don’t have proper marketing ideas. Some just think of HYIP as a crowdfunding platform. But it’s not as simple as a crowdfunding platform. And if you have a strategic introspection about your idea – that’s just great. 

Research the market

Researching the market and digital world will also help. If you have any specific business in mind, that’s fine too. But you should research the market perfectly. Otherwise, business opportunities won’t come. 

Devise your plan

Devising a plan is the last part. How you will get investors to your platform is the biggest concern. How can you gain investors to trust you at the beginning? And you have to devise good marketing campaigns and strategies to prove you are the real deal. Depending on the market research, devise your plan. 

A Good HYIP Manager Script

For creating a successful HYIP business – using HYIP Scripts are important. Just as we said, these are the source code for your website. Creating a proper MLM script is not that difficult. Knowledge of PHP and HTML is enough for creating a script. However, you have to test it again and again. 

But it’s better to get a tested HYIP script from any reliable developer. Because they have sorted out the groundwork for you. No need for any extra coding and testing period. How can you consider an HYIP manager script as a perfect one is also important. We shall discuss the process but before that, plan to get a good HYIP source code. 

HYIP Website Design

It’s important to design your HYIP website with a unique tone. A completely responsive site will always drive traffic. The more traffic you get, the more investors you will find. So, it’s mandatory to design the website with unique templates. 

Promotions for HYIP Business

Without any promotional step, you cannot create a good business. Promotional strategies help you grow online and attract investors. Reviewing the website, social media marketing campaigns can help you reach the target audience. Well, social media marketing is always a place with possibility. 

Social media marketing helps businesses to turn traffic into customers. But doing promotional campaigns is important. Without such campaigns, you cannot establish your HYIP business.

Getting Started with HYIP Script – Creating Your HYIP Website

So, the biggest question is how to choose the best HYIP manager script? Day by day, a lot of developers are starting to create versatile HYIP manager scripts. To understand how to choose a good script, you need to understand some elements. 

• What stage of business you are currently in. 
• Main features of an HYIP Crypto Script
• Pricing of the script and benefits
• What type of options the administrators can get. 

So, before breaking down the development program, we need to discuss these four elements. 

First, Let’s Evaluate What Stage You are In

You cannot claim everybody in the HYIP business shares the same goal. Rather, there are people of different approaches and development stage. Depending on the stage alone, we can divide them into three common groups. 

Beginners

Beginners are completely new to the HYIP business arena. They have no previous experience with the business, and they want to create a new website. As they are launching their first website, they are not considering the price too much. It’s because most of the time, people cannot understand the market easily. 

That’s why beginners tend to pay for script development, installation, and other technical issues. 

Experienced

Eventually, a beginner will turn into an experienced HYIP businessman. These sorts of people have used any commercial scripts before. Now, they seek customization options and better features. 

Developers

Web developers want to create a unique set of HYIP scripts. So, they purchase a commercial HYIP manager script to use that as a test trial. Also, developers may need to purchase such scripts for several reasons. 

Main or Common Features of HYIP Manager Scripts

Almost every HYIP website needs to be unique. Well, the templates of the website should be unique. Otherwise, the site would seem like a copy of other websites. So, it’s important to keep everything unique. However, when it comes to features – you might want to evaluate them. 

Most of the features include management, dashboard, and security facilities. Now, here are the common features of your HYIP website business. 

Proper Admin Panel

Just like we said, any HYIP website doesn’t necessarily need proper admin features. Because the admin is not there to manage investors. So, the admin dashboard is always very important. Because an admin dashboard gives an overall idea about the investments in progress. Yoru scripts admin panel and dashboard are going to be a major influencer in the business. What sort of admin dashboard features you would get depends on the script. 

For the admin panel, here we have some important settings depending on different sets of facilities. 

HYIP Management

• Fund Transfer Statistics
• Admin Earning Statistics
• User Deposit Management
• Penalty Management
• Mass Pay
• Manual Deposit
• Transaction History
• Wire Transfer History
• User Withdraw Management
• Bonus Management

Settings

• Theme Settings
• General Settings
• Withdraw Limits Settings
• Admin Fee/commission Settings
• Base Currency Settings
• WordPress Plugin Settings
• Block.io API Settings
• Mail Templates Settings
• Terms & Conditions Management
• Language Management
• Language Settings
• Deposit Plan Management
• Payment Gateway Management
• Signup Form Fields Settings
• Level Settings
• Currency Exchange
• SMTP/php Mail
• SMS Gateway Settings

Plan Builder Option

The plan builder option is quite important for your HYIP business. Because HYIP business is a platform where investors from every level are coming. And when they meet they will look for your plans. So, you would want to create your configurable website. Setting your plan and rates of the plan can help the investors make investments. 

Plan builder should be customizable and configurable. Every options should be easy and easy to set. 

In Build Calculator

Almost every HYIP website boasts an In-build calculator. Mainly, the in-build calculator can help people know the investment rate. Not just that, the website administrator needs to calculate and get every investment stats. And a good and reliable in-built calculator plugin can help you devise every calculation with ease. 

Wallet Support

Whenever anyone signs-in to a HYIP website, a new crypto wallet is created automatically. So, from the HYIP website, one needs to ensure wallet support. And creating a wallet will help users to manage and maintain deposits from the users. Now, wallet support should be a major option from the HYIP website. 

Wallet security and deposit security should be prioritize. Just enabling a wallet on the site is not enough. You have to consider all the security measurements too. Without a secured wallet, the business cannot grow. 

Commission Settings

When you are starting your HYIP business, the commission rate is not going to be the same. And commission settings are crucial for the HYIP business. As days pass, the commission rate will change. Of course, it depends on the website and specific business. 

Notification, Newsletter, and Logs

Notification settings can help you connect with the investors easily. And this can always increase the relationship between the investors and the business administrator. Not to mention, notification settings can also help the investors stay updated. And your HYIP manager script needs to have some common notification settings. 

After the notification features, having a newsletter is also another important thing. And for the newsletter tools, you may focus on these things:

• Security Management For Block IP
• Database Reset Settings
• Newsletter Management
• Newsletter Mail Management

Finally, getting a good log in your business is another important aspect. And for the logs, there aren’t many things. 

• User Login History
• Activity Log History
• Mail Logs History
• Interest-Earning Log History
• Deposit Reports
• Withdraw Reports
• Fund transfer Reports
• Bonus & Penalty Reports
• Exchange Reports
• User Earnings Reports
• Admin Earnings Reports
• Referral Commission Reports

The Price of a Bitcoin HYIP Script 

For the cost of an HYIP script, it depends on your stage. However, the initial cost for a script is mainly for three elements. And these aspects are:

• Development cost
• Pre-sale costs
• Installation and technical support costs

So, the cost of each script depends on these three factors. Anyway, every business needs to consider these costs. Also, if you want to create a script from scratch, you can do that. But it’s a costly process and needs a lot of testing. 

HYIP business development is becoming popular. And a lot of development company is coming up with new HYIP scripts. So, it’s important to find a good solution for your business. Scripts that offer responsive and cutting-edge technology – can always offer the best facilities. And if you are thinking about the facilities, then our complete guideline will help you.

ICO is currently one of the hottest ways to raise funds. To be straight, it’s actually a fundraising mechanism that revolves around cryptocurrency or bitcoin. An ICO development company can always help people achieve success in the digital world. 

ICO is a popular crowdfunding policy, and you can always come up with new and energetic ideas for the crypto world. However, every ICO project requires some critical assistance like marketing, technical, and legal support. That’s why before starting or handling any project – people tend to move toward an ICO development company. 

ICO companies need to make contact with a reputed ICO development agency for the software and post-public engagement stage. It’s crucial to raise the brand value and raise project funding. ICO development agency can help with some of this assistance and help you gain opportunities. 

Yes, it’s not always about the business that matters. Rather, it’s about the journey you will take. Asking for help from a reputed and trusted company will ease the task a lot. Now, the problem is, why can’t you just start an ICO? 

Yes, you can sure complete everything on your own. However, only a fraction of people can pull off a successful venture. The problem still remains on how to make the venture successful. ICO launch services have the experience and skills to complete the challenge. Let’s understand ICO first. Afterward, we will have a word or two about ICO services. 

So, what’s the topic here?

The modern world is moving towards cryptocurrency. So, it would be foolish if we don’t become a pioneer in that area. Anyway, ICO is a bit different from any traditional form of crowdfunding. Because it brings a new form of ethical, legal, and security matters into view. That’s why the whole process and currency system is often under debate. But companies are starting to understand the whole process much efficiently.

Of course, new technologies are bringing changes and turning up securities extensively. On the other hand, the novelty of an ICO concept has brought about success. Most of the time, ICO is a great way to raise funds. Obviously, people who think forward can achieve massive success with the project.

What is the ICO Launch Platform?

When you think about money, what comes into view? First of all, it’s going to be a white building called a bank or any corporation like the federal reserve. But what about making money where nobody can imagine? Yes, it’s quite possible if you want it to. 

If you are a student of business school, you know about IPO. ICO is just like an IPO. However, there’s a little difference between the two. The word ICO means initial coin offering. Mainly, this is a fundraising mechanism for a lot of people. 

When you are looking for details about ICO development services, you know about blockchain already. Blockchain technology is a wide world where people get to share and get access to information regarding their transactions. At first, it may look a little awkward and confusing. But people tend to get the detail much faster than we think of it to be. 

One thing for sure, the idea of an ICO is always amazing. Even though once it was a little complicated. However, now this has become an emerging practice for people throughout the world. Getting back to the earlier thoughts. ICO projects are great for companies involved in blockchain and cryptocurrency. 

This is more like a traditional stock market. Just like we said, this is more like an IPO. But in ICO, the investors will receive a portion of the token. Yes, any company who wants to create or develop a new form of money – start to develop ICO. 

Important Elements of ICO Development Companies

ICO development companies come with a plan and try to execute it perfectly. However, they need to ensure some important elements like:

• Marketing
• Legal Actions
• Technical assistance like web development, wallet service, and software
• Proper market research

Anyway, running a project does need a lot of money. Thinking about all that, no small company or investor can think about doing that. Blockchain projects are simple but complicated. Especially, when you develop something under this technology, things can get messy. But how does an ICO work? 

How Does an ICO Work?

So, a good question should be how does an ICO work? ICO means initial coin offering. This is more like a stock market online. Remember what we said earlier on our content? Yes, some people may consider introducing a new form of money. 

Bitcoin is one of this money, and there are other forms of cryptocurrency. However, creating a new project and initiative for making this crypto is hard. Because, in the past, there were successful crypto coins. Also, some weren’t very successful.

However, any company has good reasoning for it to be successful. So, they want to raise funds. Anyway, why would people want to invest in them? That’s a big question anyway. Well, to be honest, they just create a whitepaper and start marketing. 

A whitepaper is like a share or introduction to their plans. When they introduce any whitepaper, interested people can understand the plan and future of the developing crypto. Thus they invest in cryptocurrency or tokens. 

And What’s the Result?

Frankly speaking, ICO is best for one thing – an ICO company is trying to introduce a new kind of cryptocurrency. But they don’t have the money and investment to start the project. ICO projects help the company to raise enough money for the project. So, they can raise money for the token without creating the coin. Rather they make a whitepaper or token as a share. 

When the new crypto becomes popular, investors gain profit from it. Because they don’t need to care about the exchange rate or purchasing the coin anymore. And the success rate depends on the campaigns of the ICO company. 

Yes, any ICO project development company will always achieve money without even introducing the cryptocurrency. But that doesn’t mean it’s still that easy. Understanding customer safety and the guarantee of success is unknown. 

So, what is the success rate anyway? It depends on successful marketing and other strategies. We will talk about those later in this content. But how can you tell if ICO projects are safe or not? 

ICO Launch Platform – Security concern for ICO Companies

You will be shocked to know, dozens of new cryptocurrency comes every month. They come from a process or mechanism called ICO or Initial Coin Offering. Even investors have created an appetite for the investment on this token. 

Well, the concept is rather simple. You don’t have the budget to invest in your project. So, you create a whitepaper and introduce the details of your cryptocurrency. And then they raise funds and sell a portion of the whitepaper. This is called whitepaper, and you are just sharing a portion of the token. This means when your cryptocurrency is successful, all investors will receive a bit of the profit. 

Creating a new cryptocurrency is not an easy task. When anyone is creating a new cryptocurrency it’s not just about the whitepaper. You have to prepare good software, website, and wallet service. Not to mention, finding a good way for securing investors is also a concern. 

Now, after 2018, the investing idea has become surprisingly popular among digital people. So, the truth is, there was scamming in the digital world. Considering all these facts, how ICO projects can ensure safety? It’s really a huge problem among a lot of people. 

ICO development agencies are not considering anything regarding the user. Because they want to facilitate the overall project. Every ICO company has its own plan for satisfying their investors. And development agencies try to create a secure space where any bad actors cannot create a mess. Also, they act as a consultant for meeting the goals needed. 

Blockchain technology is a safe way to gain easy money. Also, it’s a perfect way to invest some money. Of course, there won’t be any possibility of any sort of success.

What Kind of Security Issues ICO Development Companies are Most Vulnerable to?

ICO has become a huge aspect of interest. With this growing interest, more and more people are trying to get their hands on a successful token. Of course, no one can guarantee the success of a coin. Rather, it can become unsuccessful in many ways. Well, the first concern regarding ICO is always going to be security. 

Hackers are always active with their bad acting in the blockchain world. Yes, blockchain technology did come up with better security measurements. However, hackers are also trying to come up with a countermeasure.  From the very start, bad actors tried to hack capital from the ICO projects. 

It’s understandable why they would want to do so. A big amount of money is being invested. Not to mention, the amount of money is not small in any way. Without any government authority to look after the security, ICO projects were always targeted. 

Anyway, taking the anti-hacking measurement is always the best security. The best way to do that is by taking authentication measurements. Taking up multiple authentication procedures can always decrease risk factors. 

Hiring and investing in a permanent development team is expensive. Yes, it is always great to have everything sorted out by a specific ICO company. But if you want to save some money and also get the best result – ICO development company will always help. Because they have a mix of experts in their lineup. 

Mainly, the solution here is by hiring development companies. To understand the benefit of hiring one team is obviously crucial. But before that, we should shed some light on the problems first. 

So, what’s the biggest risk here?

Every ICO project comes with a single ICO script. Hackers use just one ICO script address for their single attacking point. First, they attack the address and change the information of that address. This way, they can change or alter all the funding to any specific route they want. 

So, the biggest risk is always about security. Just like we said, security and management is the biggest asset for any ICO project. Without a secured website, funding wallet, and payment gateway – bad actors can easily attack your fundings. And that can’t be good for you. Well, the security concerns start from medium to severe problems. 

Most of the problems are regarding software and web development. You have a great company and a perfect goal. However, without ensuring safe standards – it will be foolish to start your business. So, what risks will make you suffer? Here are the possible security risks involving your ICO projects:

First, ICO Organizers Face Security Problems a Lot

Blockchain technology creates a stable network where everyone in the network can access all the information. However, ICO companies organize everything online. In order to connect and reach the public, they create websites, purchase or develop wallets, and software. In this software, there is an authority or organizer. 

Most of the time, attackers can bypass 2FA or hack the organizer account. After that, changing wallet addresses or taking funds away becomes easier. 

Security Issues with Smart Contracts

Well, smart contracts are considered a weak link in ICO projects. So, ICO companies are careful about making a secured smart contract. These problems occur when you don’t have good programmer expertise. Also, insufficient coding testing is another reason for the problem. 

ICO Web Applications

For the best management, a lot of ICO web applications are introduced daily. Arbitrary file reading, code injection, web server disclosure for sensitive information are the major insecurities. 

Attack Against Investors

This is another problem ICO companies face is the attack against investors. Well, the problem mainly occurs for verification failure and not having KYC compliance. 

Mobile Applications Vulnerability

Mobile application vulnerability is probably the most severe form of insecurity for ICO projects. Yes, mobile applications make it convenient for investors to enter your project. However, mobile operating systems are not safe by any means. Data backup, information leaks are always occurring without anyone noticing. And these vulnerabilities can make the project suffer a lot. 

And How ICO Development Company Can Help to Solve the Problem?

Bad actors may come and take away some assets. That’s why ICO providers need to take the authentication process much more seriously. They must take authentication seriously and implement them. We have talked about the security risks. But that should not let you stop right off the bet here. 

ICO development agencies come with a mix of experts. Now, if you think about the security concerns – they know how to make the web applications safer. ICO development agencies most of the time develop different ICO applications, mobile applications, and wallet services. 

Having a good ICO developer company is of course great. However, a lot of ICO companies cannot afford to invest in these software services. That’s why asking for assistance from an ICO development agency can benefit your project. 

ICO development agencies deal with software and other consultancy services. And as they have experience in the digital world, they are constantly trying to improve the technology. Such an achievement is expensive for just one ICO company. Shedding some light on the tasks of these agencies can give you good foresight. 

Why Would People Want to Invest on ICO Launch Platforms?

ICO tokens always represent a specific type of asset. However, cryptocurrency does have some great benefits. In an ICO, any developer has the freedom to set the exchange rate and functionality of the coin. Think of it like a traditional game – when you play the game, you will purchase gems or gold coins. Cryptocurrency is just like that. 

When a new form of cryptocurrency will come – the price range may rise or decrease. There might be a possibility that the crypto may gain value over time. Also, investors may want to sell their tokens later on, and they might get a profit. 

Depending on the stipulation of each cryptocurrency, people may even have to trade it with other crypto coins. However, there is also another possibility that the project may fall from the expectation. So, every potential ICO investor will always have to maintain a thorough plan of initiatives. 

Not just that, every ICO project wants the user or investor to know about the project. So, the project holders inspire the investor to first stay clear about their investment. A proper blueprint and idea will always increase their confidence in the project. In recent days, the potential for investing in ICO projects are getting higher and higher. 

Why look for a good ICO development company?

Let’s just talk about the previous year, shall we? At first, it seemed almost everybody online was either running an ICO project or taking part in it. The final result was massive and groundbreaking. And if you have a smidge idea about the stats and success rate – chances are that even you are thinking about taking a stance.

Numerous ICO projects were operated just by a single person. Somehow the project became successful and raised a ton of funds. That’s not the big issue here. Starting a quick tour for a successful ICO project will be complex. There’s a lot of work to complete and it won’t be easy.

Not just that, at the very beginning – every ICO project needs to go through different steps or phrases. There is no such universal way to get the project running. However, we can say there will be two different phrases for every ICO project.

• Post-public engagement phase
• Final and delivery phase

To be honest, the post-public engagement phase is the most important time for your crowdfunding. Because this is the time, you will raise funds and start thinking about creating crypto. Anyway, we have heard about a single person claiming success from an ICO project. But one thing for sure, just a single person cannot handle the whole project alone. That’s where ICO companies come into play.

There are a lot of reasons why they should be considered a friend for your own achievement.

How will ICO Development services help you?

Earlier, we have discussed the different phases of ICO projects. We said the post-public engagement phase is the most important part of the whole process. To launch a successful ICO project, you have to take some important steps. Steps such as:

• Coming up with a great idea and thinking thoroughly about the subject. In other words, making sure the project needs an ICO.
• Understanding the competition.
• Proper research and legal procedure of the area.
• Creating an ICO token
• Writing a white paper
• Creating a website and online entity
• Ensuring the security of the website and presenting different strategies to connect with crowds.

Basically, these are the things ICO projects usually include. It means, if you make a blueprint of any ICO project, this is a standard backbone structure for you. On the other hand, other things should come into view. If you don’t have a good team, it won’t be successful because the competition is fierce out there.

ICO companies come with a lot of experience in the competitive world, and they can offer the best solution. For such solutions, they introduce some interesting ways. Usually, every ICO company operates in major sections. Try to understand the sections because we know it takes time. But patience is the key to your ICO project or initiative.

Marketing Assistance

ICO launch services will always help you with the post-public engagement phrase. And marketing assistance is the first thing they would do for you. Mainly, successful marketing strategies can even bring up ridiculous projects. So, to gain results – a successful and powerful marketing strategy is important.

Truth is, you cannot determine the market without working within it. Yes, a lot of people gain a lot of experience and start with ICO. But if you think you should just become a part of the system first, that’s not a good idea. ICO development agencies can always help with proper marketing strategies. Because a well-reputed ICO launch platform will come up with a global scale experience. So, they know the market much better than you do.

Yes, a single person can always try to look for information and stats. But stats and the mere number is not the practical market. That’s why connecting with a reputed ICO company will help you gain strategy. Maybe, you can just ask for a single consulting service.

However, if you look for marketing assistance, here’s how they will help you:

• Help you with product and idea analysis. They will even validate your idea with their experience.
• ICO companies can help you with planning and marketing campaign strategies.
• They can easily help you with online platform branding.
• Making the project available in different news sources
• Some even help with professional yet far-reaching bounty platforms.
• Managing all the online advertising with SEO and other marketing strategies.

So, these are the basic marketing assistance an ICO company offers each project holder. And for the post-public engagement phrase, it’s effective in many ways.

Legal Action Services

For a lot of companies, ICO is a great way to raise capital and funds. However, we discussed one thing – ICO comes with different legal action from the traditional one. And there is some jurisdiction about the matter, of course. To ensure some important security measurement, ICO does need to be compliant to jurisdictions.

Alot of governments around the globe are taking crowdfunding seriously. Well, the legal action is, of course, a trump card for a successful ICO campaign. Most of the time, these legal terms are planned while starting or creating your token. The token is your doorway to success.

ICO launch platform can easily help you with a lot of legal actions no doubt. The reason is that they are always working on projects like these. So, they know what the universal standard for your idea should be. So, what kind of help they offer you with legal actions?

• First, they can help you with international money-laundering law and KYC regulations.
• ICO services can perfectly help clients with jurisdiction based action plans.
• They can help you to make your whitepaper stand out.
• Assistance with fixing the token policies, terms, and creation
• Help with token liquidity and distribution.
• Provides service with documentation of tokens.
• Legal services even after the project reaches its goal.

So, these are influential and legal services from ICO companies. Of course, their services depend solely on the company’s goal and target.

Financial Assistance

Financial assistance is another place where ICO development entities shine the most. Well, crowdfunding is not just about getting money from investors. Your goal is to make the cryptocurrency stand out. If you don’t get enough funding, just leave the project for now. Well, that’s how ICO funding works. If the project fails, the company must return all the money to the investors.

But nobody wants to become unsuccessful, that’s for sure. And ICO launch platforms can help you with financial management. Of course, most of these services are including consultancies. Without analytical financial strategies, marketing cannot grow.

For financial assistance, almost every ICO company provides the following services:

• Different financial strategy consultation
• Helps to avoid the risk of overpricing or reducing the initial price of the token
• They can help the project owner to hold the funds within escrow.
• Comes with different wallet services.
• Financial evaluation and auditing and reporting.
• Helps create an investor network.

Technical Assistance

Technical assistance is nothing new actually. Almost every project needs technical assistance. Yes, technical assistance is vital for creating great value for the mass. ICO is within blockchain technology. Blockchain technology is a wide and large area. Where everybody is connected like a wide network.

Now, ICO services facilitate different technical supports like:

• Blockchain development services
• Ensuring smart contract
• Compiling, testing, and solving different project-related tasks
• Services regarding security

So, the technical support is all about ensuring safety and structural stability. Considering all these things, ICO services are best because of a solid team.

Post-ICO Assistance

We should have covered this one from the beginning. Post-ICO assistance is mainly a consultation service. Generally, an ICO service provider tries to connect with the project owner team. It’s vital the whole team gets a crystal clear view of the goals and practices of the new development.

So, they first interact with the project owner. When anyone is connecting with ICO services, they are not relying completely on them. Laying out the right direction is hard for anybody. Even anyone connected to the digital world has to face difficulties. And only the Post-ICO phrase is the only way to gain a blueprint.

First of all, getting to know financial strategies is important. Because you may gain an overview of the whole digital world. But people working practically in the market is crucial. Before starting the ICO project, marketing, raising brand value can gain a lot of opportunities. So, what sort of support can these companies offer in the Post-ICO stage:

• Planning financial strategies
• Discussing and directing the ICO company board of directors.
• Helps create brand awareness.
• Assistance with maintaining control over the token.
• Web design, implementation, and other developments
• Help with community support
• Helps to build the right community.

What Process Should One Implement Before Teaming Up with a Good ICO Development Company?

ICO is probably the finest confluence between crowdfunding and traditional fundraising. After coming through a large text, one can be sure that ICO needs a lot of elements at work. Without ensuring such criteria it would be impossible for developing a successful project. Now, asking for help from experts is always helpful and welcoming.

However, finding the best ICO launch company is a cumbersome task. It’s not very hard and you won’t need big data and knowledge of the digital world. But yes, the task will be tiring. Anyway, there are ways you can make sure there is a good company that can redeem your goal. How to do that? Just here us out on this one.

Checking Out the ICO Development Company History

Thorough background research can always help you decide the best service. Yes, we know if we filter out new companies, how will they become something great? It’s always up to their struggle to achieve stability. If you are willing to pay, going for a reputed company is the best option.

Why should we check the company history firsthand? Because you will entrust a large amount of money to them. Yes, checking out their service quality and different service standard is also a part of your research. Let’s head back to 4 or 5 years. At that time, ICO was a baby concept. So, there wasn’t too much expert company out there.

Now, scenes have changed drastically, and a lot of company is advertising with high-flying banners. And ICO was blamed for scams and other problems in the past. Just remember this, ICO is currently becoming a legal investment tool. That’s why ensuring the service history and reputation of the company is vital.

Figuring ICO Development Company Marketing Plan

Earlier, we said an ICO launch platform will always help you with marketing and financial strategies. But that’s on your part. Anyone wanting to start an ICO project must ensure he has a goal in mind. That’s why you should also test the company out. It means, understanding whether they understand the ICO landscape or not.

Because you have a goal and the company can introduce you with the investor’s mindset. If they are experts in their own field, they are always keeping a keen eye on the marketplace. The competition is fierce in the digital asset world. And with debatable scams and frauds, the company should always have something figured out.

Marketing is one of those elements that can show you the stairway to success. So, before you give a strong promise to your investors, make sure your ICO company promises you better.

Understanding the Legal Process of the ICO Development Company

Even ICO have different authorities laying down legal notices. Every ICO company should be KYC compliant. Funny thing is, the USA is the first country to approve ICO. On the other hand, China completely banned the activity. India is considering ICO token sales illegal. However, they don’t think developing ICO is bad. So, slowly the world is starting to put jurisdictions on the mechanism.

And a good ICO development service firm should take these legal jurisdictions seriously. Otherwise, no ICO project can gain success in this fierce competition.

Know the Team

What makes any project successful? An expert team with full dedication. The same is true for an ICO development project. When you are seeking a proper ICO development company, knowing the team is vital. Going back to the debate, if we don’t keep an eye on new companies – how will they grow?

Well, the answer is, the first impression does matter. You cannot understand everything about a company online. So, you are scrolling through their website and praising their appearance. If a new company can impress you, you should check out their team. Even a reputed company may lag behind without a team. However, you are here for your own success.

So, check out the team and sections of the ICO development company. Know what’s their experience level on a global scale. This is another good way to interact with the ICO development company. Because an expert team can help you with different aspects of the ICO world. And you can gain multiple opportunities to reach higher up the competition.

Just make sure that the company has a mix of experts. Getting to know their personal achievements can shed some light on the whole team. This team should have proper knowledge and experience in blockchain technology, legal disclaimers, development, marketing, smart contract development, and wallet development.

How They Help with Making Your White Paper

The white paper is a crucial element for your ICO project. Whitepaper mainly acts as a gateway for the project’s goal, vision, and distribution strategy. It should also unveil the benefits of the investors. Thus, a whitepaper should be made by a professional. Most of the time, a lot of firm neglect this part and create a bad reputation for the whitepaper.

Know the Plan

ICO development company can help you in many ways. They come with different aspects to fulfill your goal. When anyone shares their idea, the company will start with a plan or blueprint. So, don’t just take the reputation into your mind’s custody. Rather, here out their plan for your idea.

Sometimes, many agencies state exorbitant claims. Don’t fall for cheap tricks and try to understand the practical and realistic promises. What you should rely on is the economics of your token. Yes, market research is not on you. But try to check the research documents and data from the agency. This is why you are asking for services from these agencies. They are there just to ensure the landscape of the current competition.

Check out Reviews of The ICO Development Company (Not Mandatory)

Blindly following opinions is a bad thing. However, you can check out reviews online from people who were connected with such companies. Sometimes this can assure you of a comfort zone and give you confidence.

So, For the Bottom Line

This was a long and tiring discussion for both of us. But I think the main point is quite clear. Ensuring a clear vision and goal is mandatory for ICO tokens. There are a lot of projects with high-budget and expectations. But they fell behind, and ridiculous projects gained success. We cannot say which one is ridiculous any more.

However, one thing can be said – the right approach is always the best solution. If you are willing to join the large blockchain community – you are more than welcome. And if you want to start an ICO – ICO development company is there to assist.

In the days of fierce competition in the digital world, no one can say for sure – they can become successful alone. You may have a team of your own but you still have to look for consultancy assistance.

Cryptocurrency has taken the whole world by storm. So, it’s obvious a lot of people are trying to get themselves involved in the crypto world. The more blockchain technology is advancing – the more and more people are thinking to create a cryptocurrency. Yes, planning to create a new cryptocurrency is a good way to get involved in the crypto world. 

There are lots of valid motivations for creating a new cryptocurrency. Some may want to take on the challenge of creating new techs, and some just want to create new money that can bring about changes. 

One thing for sure, creating crypto is not an easy task. It’s not just about creating the money firsthand. You have to consider the technical and business aspect of cryptocurrency into consideration. Before getting involved in the blockchain world, first, try to understand the landscape. And if you are here for a generalized concept of starting your project, we are here to help you. 

Now, the question is – is it possible to create a cryptocurrency and redeem success? Well, it depends on you and how you handle the technical and business aspects. That’s why we shall guide you with the basics and aspects of cryptocurrency. After that, you shall decide if it is possible for you or not. 

What is Cryptocurrency – All About Cryptocurrency?

Almost 11 years ago, the world found a new form of money. Technically, we call them cryptocurrency. Slowly but maturely cryptocurrency became a phenomenon around the world. However, cryptocurrency is often misrepresented. Many people consider it to be a new form of money. On the other hand, some people raise questions about the whole context. 

In small detail, cryptocurrency is a digital currency. These types of money don’t have any banknotes. But they have coins and this is where the confusion starts. A lot of people misread tokens as coins. Even though cryptocurrency is just a form of digital currency – the concept is complex. Before breaking the complexity of cryptocurrency – first, let’s understand what it is. 

Cryptocurrency relies on encryption for creating new units and confirming transactions. However, cryptocurrency is not like traditional bank currencies. Traditional banknotes are often controlled by a centralized authority. But cryptocurrency is not limited to just a central authority. 

A lot of cryptocurrencies are related to blockchain tech. So, they rely on encryption for transactions and creating new units. Blockchain tech is developed for peer to peer or P2P network. And blockchain technology has data blocks to ensure safety. Thus no central government or authority can track down or regulate cryptocurrency. 

In a blockchain, data blocks will chronically store data. After that, they will adhere to create a protocol for inter-node communication and validating new blocks. So, if any hacker wants to get access to all the information – he needs to alter every block in the chain. And such a feat is quite impossible. 

Among all the cryptocurrencies, bitcoin was the first to establish a reputation for being the most successful cryptocurrency. Currently, there are more than 1500 types of cryptocurrency around the digital world. Yet we are waiting for new and popular cryptos. 

So, how does a cryptocurrency work?

Just like we said, cryptocurrency is an integral part of blockchain technology. Well, not every cryptocurrency is not integrated with blockchain. However, most of them are. Blockchain first started as a real tech solution and its development in 2016. And it’s a cheap and efficient way to store your data. 

What’s the main concept?

The concept is rather simple – rather than storing data in one place, blockchain keeps records in various servers around the world. Blockchain mainly uses distributed ledger technology (DLT). Thus, anyone on the P2P network can gain access to the data. As the information is not stored in just one address, bad actors cannot do many things. DLT is a new parameter for sharing data or information. 

Blockchain network is secured in many ways. Every user in the network must accept a new block to attach it to the network. And blockchain does have some important security measures to work for it. Some of the most popular security measures are PoW (Proof of Work), PoA (Proof of Authority), PoS (Proof of Stake), and many more. 

So, a blockchain participant creates a transaction first. When he makes the transaction, the data is broadcasted to the P2P network nodes. And a network of the nodes tries to allocate the transaction. People allocating the transactions are known as miners. When they allocate and validate any transaction, miners receive rewards. Finally, a new transaction creates a new block. The more blocks come, the chain grows bigger. 

Users on the network complete a transaction via sharing cryptocurrency from one wallet address to another. Some people may want to exchange it for fiat currency or another type of cryptocurrency. Funny thing is, anyone on the network can view the transactions. However, they cannot define who is responsible for the transactions. User identity is completely anonymous in the blockchain network thanks to the encryption mechanism. 

Understanding the Difference between Crypto Coins and Crypto Tokens

Earlier, we mentioned, people often misread crypto coins over crypto tokens. And before thinking about creating a cryptocurrency, you need to know the difference. Cryptocurrency has two major sub-categories. Both of them are cryptocurrencies. But there are slight differences between the two. For your own business needs, one must learn the differences clearly. 

To be clear – a token operates on an existing blockchain infrastructure. Infrastructures like Ethereum, NEO helps validate token transactions and also secure them. As tokens can operate on existing blockchain infrastructure, it’s easier to create a token. Tokens are best suited for smart contracts. Anyone can create a token from scratch. All they need is to underly on blockchain infrastructures like Ethereum and NEO. Tokens are primarily used in STO or crowd sales. 

Crypto coins, on the other hand, are a completely different matter altogether. You’ll need to create a completely new blockchain network for your coin. Obviously, creating coins will be harder and expensive. Just as you see, people use tokens for fundraising purposes. So, a lot of companies ask how to create a cryptocurrency for this confusion. 

So, what are the major differences?

Now, we are going to point out the major differences between the coins below:

• Coins need a new and separate blockchain network. But tokens can operate on existing blockchain networks. 
• You can purchase tokens with coins. However, you cannot do the opposite. 
• Coins can be used anywhere. On the other hand, tokens are for limited projects. 

So, our bottom line would be, if you want to create a coin – you have to think about building a new blockchain network. And when you are thinking about creating new crypto, you have to create a coin. Just making a token is not going to do you any help at all. Anyway, there are many other considerations you have to worry about before starting with a project like creating a cryptocurrency.

What are the Risks One Have to Consider in Order to Create a Cryptocurrency?

There are a lot of advantages and disadvantages of cryptocurrency. Since you want to start creating a new coin of your own, things are going to get complicated. Just like we said, to create a new cryptocurrency, you’ll need a separate blockchain network. And when you want to create a new token, just use another existing blockchain platform.

When you are taking the initiative for creating a cryptocurrency, you need to think of two things. First, considerations and second ones will be the plan. Depending on the considerations, you will devise a plan to create a cryptocurrency.

The crypto world is indeed very complicated. Surely, there are lots of things you need to worry about, and sometimes sorting out the important ones can help you devise a foolproof plan. So, here are some considerations you should make before starting your plans for creating a cryptocurrency.

Designing your Own Blockchain Network to create a cryptocurrency

The very first problem of creating a crypto coin is establishing the blockchain network. Such a feat is quite time-consuming, of course. Hiring a professional can be a great way to do the task. However, finding a good developer and programmer will be hard. Because blockchain technology has high-demand in the digital world. For this reason, finding a good coder will be hard. 

If you are looking for a good programmer team to develop your blockchain network, you can seek help from us. Cryptocode has the experience and skills to create a reliable blockchain network. We have experience on a global scale and can help you find the best blockchain solutions available. 

Anyway, some people would like to make a blockchain network on their own. This can always save you the cost of hiring a professional programmer. If you have programming skills, you can do it. If you choose HTTP, then just look for a powerful coding language like python. Just to tell you, fundamental blockchain codes are pretty straightforward. All you need to do is keep your attention on the work. 

However, taking the security measurements and implementing network standard is the hardest part. Just creating the network won’t do any good for you. Ensuring security is another important aspect of blockchain. 

What Steps should you follow to create a cryptocurrency?

To create a blockchain network, you have to follow some simple steps:

• First, create two blockchain classes. One for storing blockchain and the other one for transactions. 
• After that, you’ll need to create a method for creating new blocks on the network. 
• Then set another method for creating individual blocks. 
• Now, ensure a system for transactions, proof of work, or miners. 

Even with limited programming skills – one can create a blockchain network. So, why look for an experienced blockchain development company like us? It’s because making the network widespread is going to be a great challenge. 

Security Risks

From the very start, blockchain networks have been vulnerable to bad actors. Because a huge amount of capital is being circulated in the network. So, they always try to find a blank spot to hit. That’s why cyber security is another consideration for anyone thinking of creating a new cryptocurrency.

A lot of popular cryptocurrencies have faced security problems in the past. So, when you are trying to make a new coin – you should also think about security too. Mainly, a blockchain network may face problems on different levels. The problem comes when they attack the network transactions and wallet addresses.

It would have been better if there were any legal laws to protect user information. Well, a lot of central authority is trying to come up with security measurement online. But that also depends on the region and state you are working on.

There is no limitation or law that you can’t create a new cryptocurrency. But for your blockchain network, you have to think about the security measures to protect user information. To make that possible, you can rely on different wallets from a reputed blockchain development company like us.

Cryptocode is developing safe and secure blockchain software and wallets to make your network widespread. You can consult us and share your plans. We can help you devise the best security strategies available.

Marketing Problems

The biggest challenge is always going to be marketing. A coin becoming popular means, a lot of users are using your coin. That’s when you will need a lot of miners, verifying, or placing transactions. If the coin is not widespread, creating a crypto coin is nothing just a coding exercise for you. 

Marketing strategies can help you make the cryptocurrency more visible. Just becoming a new version of bitcoin is not going to help. Rather try to distinguish your coin from other coins. 

You can always go for any consultancy service from us. We can help you with devising the best marketing strategies. 

Confusing and Unclear Market – An Unstable Market

The cryptocurrency market is often confusing. Unclear regulations make the market unstable and confusing. For instance, cryptocurrency is becoming a good solution for countries with lower currencies. In some parts of the world, the authority doesn’t even care about the existence of cryptocurrency.

US government is trying to enforce laws on creating and distributing cryptocurrencies. Well, they are trying to give cryptocurrency a stable position in the currency world. However, the sole purpose of cryptocurrency is to create a free transactional world.

Such unclear regulations on cryptocurrency is another huge problem for cryptocurrency. The cryptocurrency world is very creative and unique. Techs are changing all the time, and you have to consider that into your idea. Keeping optimization options for your plan is obvious.

How to Create a Cryptocurrency: Starting with A Plan

Before asking how to create a new cryptocurrency – you need to go through the whole process. Because creating a coin is rather easy. You are copying the code of the coin and altering some codes. And if that’s your goal, it’s nothing but a simple new coding exercise. So, keeping the technical process aside, we should shed some light on the whole process here. 

Focus mainly on your IDEA

Creating a new cryptocurrency is always a fun idea. On the contrary, without a strategic process, you cannot make the most fun out of it. So, it’s important to define your idea and try to create a strategy. There are a lot of ideas on how to create a cryptocurrency. But you need to understand everything through. Once you start, there is no going back. 

That’s why you have to make strategic movements. You can always ask for help from blockchain and cryptocurrency development companies. Cryptocode have a good reputation for helping people with making the best strategies. Because we are always researching the digital market. 

You can research the market and understand the popular coins available. Din;t just think about the money. Focus on your idea for once. Even an impressive idea is simply an idea and it’s arranging inside your head.   

Hire a Professional Development Team

You just decide on how to create a cryptocurrency. And it’s great to hire a professional development agency that specializes in the blockchain and cryptocurrency landscape. Hiring a professional team is also a tough task to handle. Because everyone is claiming to be the very best. However, you need to connect with them to understand the facilities they have to offer.

At Cryptcode, we have a professional team to back you up. We have experience on a global scale and continuously working with blockchain-related projects.

All you need to do is think about your purpose in cryptocurrency. On the other hand, the cryptocurrency development company can help you shape the goal. So, it’s crucial for you to ask for help from companies like us. Because if you want to avoid problems later in the future, just seek help from professionals.

Creating a smart contract

Often people regard smart contracts as a vulnerable spot for cryptocurrency. But it’s one of the most vital elements for creating smart contracts. A smart contract is more like a traditional contract. Rather it’s a digital version of the traditional contract. Once you create a smart contract, it will run automatically on the blockchain network. Once you use it on the blockchain network, you cannot change it.

Inside a smart contract, rules and regulations are written perfectly. Most of these rules are transactional rules. Smart contracts will run automatically and there won’t be any third party involved in the matter. So, smart contracts are just simple codes. Every user on the blockchain network trusts a smart contract.

So, making a good smart contract is very important. Creating a good smart contract becomes tough to handle. Consulting a good ICO development company like us can help you with smart contracts. Our programmers are experienced in making a proper strategy for your smart contracts.

Secure your smart contract with a professional audit

Just like we said, in your blockchain network, people will trust the code. Before that, people won’t be able to trust the code without using it. Anyway, creating a professional audit can help you make people trust you with the codes.

Saying professional audits sound unfamiliar. Let’s just introduce audits as ICO tokens. ICO whitepaper can always legitimate every cryptocurrency project. Not to mention, it can help you make the coin widespread.

Writing Whitepaper

Writing a good whitepaper is another crucial part of the project. Every whitepaper will come in a PDF format. Because you need to make the whitepaper accessible easily. There are two types of a whitepaper – a regular one and a lite one. Regular white papers are 80 to 100 pages long. On the other hand, 8 to 10 pages are for a lite paper.

The developer company needs to create a whitepaper in multiple languages. But make sure the contract has good grammar and language tone. Now what type of elements make a smart contract trustworthy? Here are some tips below:

Just like we said, in your blockchain network, people will trust the code. Before that, people won’t be able to trust the code without using it. Anyway, creating a professional audit can help you make people trust you with the codes.

Writing a good whitepaper is another crucial part of the project. Every whitepaper will come in a PDF format. Because you need to make the whitepaper accessible easily. There are two types of a whitepaper – a regular one and a lite one. Regular white papers are 80 to 100 pages long. On the other hand, 8 to 10 pages are for a lite paper.

The developer company needs to create a whitepaper in multiple languages. But make sure the contract has good grammar and language tone. Here are some tips on creating whitepaper:

• Define your idea
• Giving a good solution to your idea
• What is the purpose of your ICO funding
• Token release time and when can it be traded and listed on an exchange
• When will the project complete
• Describing your team, the qualifications of your company, etc.

Marketing Campaigns

Marketing campaigns can help you flourish the cryptocurrency in the right way. Boosting social media campaigns can help you reach users and a targeted audience. Researching the crypto market is obviously a big problem. Because without understanding the market, you cannot devise a strategy. Asking for help from an experienced developer team will help you to understand the intense market. 

How you will devise the marketing strategy is not the main focus here. Rather, it’s about how to make your marketing bet. Well, here are some ways you can do that without any problem.

Sponsored Articles

Facebook and Google Ads can help you reach the targeted audience. Well, social media ads are great for communicating with potential crypto users. However, Google ads are the best way to start marketing. But the problem is both this platform have banned cryptocurrency advertisement. So, looking for other professional platforms can help you with implying your marketing strategy. 

Social Media Marketing 

Social media is best for connecting with people. Yes, here you don’t have any idea about the people interested in cryptocurrency. But you can filter out the potential users by social media campaigns. How you filter out the users is the plan you will imply. So, social media marketing is another way to widespread your cryptocurrency. 

Blogging

Blogging is best for growing your community. Yes, blogging can not only help you gain potential users but also help you make random people your customer. Giving a gest of your knowledge over the area can always help you improve your brand image. 

Email Marketing

Email marketing is effective from the beginning of your project. Collecting addresses of your supporters and keeping them updated via email is also a priority for you. Email marketing comes with different methods and strategies and you have to stay creative about your strategies. 

Make your community strong

While learning how to create a cryptocurrency, growing your community will help a lot. Seeking a community platform where you can ask and answer questions will be best. Almost every popular blockchain has its own community and fanbase.

Using forums is the most reliable solution. Community trust is crucial to growing your cryptocurrency. And if you have trouble with managing all these problems, you can always seek assistance from professional ICO development companies.

How to create a Cryptocurrency – Tokens

Creating a crypto token is much easier than creating a coin. Coins are just like money, and tokens are not. You can create a token in any existing blockchain network. Unlike coins, you don’t have to create a separate blockchain network for it. There are many popular blockchain networks where you can distribute your tokens. Blockchain networks like Ethereum, EOS, NEO offers the best token creating blockchain networks out there.

Tokens do have some characteristics with major limitations. Still, they are a form of cryptocurrency and can benefit one in many ways. So, what are these characteristics anyway?

• Tokens have limited purchase value.
• It can play the role of currency in a closed-ecosystem. 
• Can act as a share for any shareholder. 
• Tokens can indicate any numeric value.
• Can act as a compensation form for any actions.
• Tokens are often used as a reward tool. 

Well, there are three types of tokens available in the cryptocurrency world. What type of token you will create is another big concern. The three types of tokens are:

• Utility token: Mainly used in ICO projects
• Equity Token: A digital token to purchase any service or goods issued by the token development company.
• Asset-backed token: Can be used for claiming real-world assets or goods.

So, how to create a token? To know that, you have to go through a set of considerations.

• First, know where you can create a token?
• How crypto tokens work?
• What is the process to create a token?
• How to make your tokens acceptable?

Technical Aspect: How a token work?

Just like we said, crypto tokens don’t need any separate blockchain network. They can work on the existing blockchain network with ease. Mainly, crypto tokens work on an existing blockchain network and act as a medium for decentralized smart contracts and software. Often, tokens can facilitate transactions.

Tokens are created, sold, distributed, and circulated via ICO projects. Mainly, tokens act as the assurance of good project development.

Where to create a cryptocurrency – token?

There is some popular blockchain network that hosts crypto tokens. So, anyone can easily create a token with minimum coding skills. Also, they can use related web applications to widespread their tokens. Cryptocode is mainly trying to facilitate the process. We create software and web applications to make your token management easier. 

However, if you are looking for an existing blockchain network to host your token, here are some popular options. 

Ethereum

Perhaps Ethereum is the most popular place to issue any new token. Mainly, the Ethereum developer team has developed a PoW (Proof of Work) algorithm called Ethash. In short, Ethereum is a hybrid blockchain network of Proof of Stake (PoS) and Proof of Work (PoW). 

Ethereum has a huge audience in the blockchain network. And that is a great thing for issuing your token. Not just that, the network comes with tons of wallet options. You can even get access to a hardware wallet from Ethereum. That’s why this is a sweet tooth for a lot of token issuers. 

Nxt

You can say Nxt is the first Proof of Stake blockchain network. Nxt became a pioneer in transparency, disintermediation, immutability, and many other aspects of revolutionary technology. But that’s not the only thing that makes Nxt great. It has efficiency in smart transactions. Mainly, business owners and people looking for power and electricity use this second-generation blockchain network. 

EOS

EOS is the best platform for business fundraising platforms. This blockchain network uses the asynchronous smart contract algorithm. You can use any programming language and the asynchronous smart contract will compile them into WebAssembly. 

EOS platform is best suited for creating tokens with smart contracts. Not to mention, it can create a large number of transactions within seconds. This is a great platform for scaling and fees are absent in the platform. 

NEO

NEO is a blockchain network where you can utilize high-class programming skills. To create your token, you can use just about any high-class programming language, and also the network has HTTP API for interaction. 

Aside from these blockchain networks, there are other blockchains such as NEM, Waves, Steller, etc.

Final Verdict

So, the main confusion is always going to be – how to create a cryptocurrency? Yes, there are complex terms that you need to have specific ideas about. Most of the time, asking for help from a professional blockchain development company is the best way to do so.

You can ask for help from Cryptocode if you want. We always like to help people connect with the digital world and claim a good position. If you want to create new crypto that’s fine. We can always help you with the basics and strategic mechanisms. And later on, you can even use our applications to widespread your cryptocurrency.

A cryptocurrency exchange is currently a hot topic for a lot of people. Not to mention, crypto mania is still running wild. Of course, it’s good that people are learning about cryptocurrency. And that’s really great actually. Because the whole world is moving to that type of exchange. Thus, learning about cryptocurrency exchange script is another important aspect. 

 The world is currently facing a tragic health crisis all over the world. also, the modern economy is facing heavy casualties and further problems. Perhaps, cryptocurrency is the pin that will pop the balloon of these problems. The emergence of blockchain technology and cryptocurrency has shown such solutions for the current economic systems. 

However, facilitating the economic system, you better have a good infrastructure. A cryptocurrency exchange is a popular way to trade, of course. But cryptocurrency exchange software plays a vital role in organizing the trade. It’s like having a good office address or physical existence. 

Everybody knows, to create a cryptocurrency or coin – you will need a separate blockchain network. Or, if you just want to create a platform for crypto exchange, you must have a secured and dynamic web application. A decentralized exchange script can help you create a proper exchange platform. 

Anyone with a good understanding of the market can always come up with ideas to create a good online appearance. Yes, you can seek assistance from any cryptocurrency exchange software developer company. The point here is, even someone with zero knowledge needs some common topics. Otherwise, he would face difficulties choosing the best software for crypto exchange platforms. 

So, how do you do it? Let’s have an overlook at the considerations and common aspects of cryptocurrency exchange software. 

What is Cryptocurrency Exchange Script Software Platform?

A cryptocurrency exchange is nothing but a platform where traders can meet. Well, these platforms operate just like other traditional asset exchange platforms. Yes, it’s more like a stock market actually. But it’s much anonymous for the users. Not to mention, cryptocurrency exchange platforms can work 24/7.

Users in the crypto exchange script platform are referred to as “traders”. Again, there are people in the platform known as ïnvestors”. Investors are there to keep their assets for a longer time frame. So, a crypto exchange is mainly a platform for trading, buying, or creating deposits for cryptocurrency.

So, the cryptocurrency trading industry is a multi-million dollar industry. Not to mention, the business is growing at a rapid speed. From the very beginning, people had the urge to trade it. The very nature of cryptocurrency is very complex and you require a special platform to trade.

A cryptocurrency exchange is commonly known as DCE (Digital Currency Exchange). Just like we said, the cryptocurrency exchange is more like a traditional stock market. Anyway, the way to make a profit with cryptocurrency is different from stocks. On stock exchanges, people usually trade assets to make a profit. But on a crypto exchange, traders usually benefit from high volatile crypto rates.

How does the Cryptocurrency exchange script work?

The cryptocurrency exchange script platform mainly operates without any third-party service. Yes, this is actually a great way to keep trading. Just like we said, cryptocurrency traders benefit from the volatility of its rates. Here, users will control their funds without any central authority.

So, this is actually a decentralized trading perspective. And to ensure a solid trading experience, you will need a proper platform. Such platforms are like websites. Traders there can trade cryptocurrency with ensuring complete anonymity.

Well, the cryptocurrency exchange script platform owner or company will receive a portion of the money as commission. Every crypto exchange platform has some common aspects. Such aspects include security, cryptocurrencies, KYC compliance, verification, management, and market stat facilities.

Now, if you are thinking about starting your own cryptocurrency exchange script platform, you can always seek suggestions from an expert like us. Cryptocode is always happy to help people connect with cryptocurrency. But before you get started with looking for suggestions, it’s better to know how you will benefit from the platforms.

Different Types of Cryptocurrency Exchange Script Platforms

Even cryptocurrency exchange script platforms come with different types and sorts. So, it’s important to understand the difference. People thinking about creating their exchange platform need to ensure one thing – what kind of exchange platform they want to create. So, let’s have a good look at some of the popular ones. 

Centralized Cryptocurrency Exchange – CEX

Just the word centralized may cause some misconception. We often declare that cryptocurrency trading is a decentralized process. So, it’s important to understand what the platform is. Well, they say this one a centralized exchange because a third-party is here to help you conduct the transactions. 

The benefit of a decentralized platform is mainly for safeguarding the investors. Because, most of the time, people forget the key to their transactions. The middlemen are there to ensure a safe transaction. 

The centralized crypto exchange offers high-trading volume. Traders get access to a super-fast trading engine. Alongside multiple security, factors make the trading safe. Not to mention, you are safeguarding your transactions to a specific investor on the platform. This will help the traders to reduce losing any wallet once he forgets the key. 

Decentralized Cryptocurrency Exchange (DEX)

To be precise, the decentralized exchange will cut-off any middle man in the trading. It means the exchange platform creates a trustless environment for the traders. Well, these sorts of exchanges rely on peer to peer trading. 

A key benefit of this process is the atomic swap. So, traders can cut the intermediaries and save costs. Once you have a third-party to safeguard the digital assets – it will save costs. And as you don’t have a third-party – trading becomes faster. 

Also, the platform admin will just solve some dispute and let the flow of the trading go. 

Hybrid Cryptocurrency Exchange (HEX) 

We have discussed the two types of exchange available in the digital world. But some exchange platforms can offer facilities from both ends. Both centralized and decentralized platforms had to face their own unique set of problems. 

First of all, centralized platforms are expensive and decentralized platforms had hot wallets. Hot wallets showed vulnerability towards bad actors. Well, a hybrid exchange is moderated through third-party actors. On the other hand, users have more control over their funds. 

Also, the platforms are highly scalable. With proper sets of admin and user facilities – hybrid crypto exchanges are getting popular. 

Peer to Peer Cryptocurrency Exchange

P2P exchange is a form of the decentralized exchange. Basically, P2P relies on a blockchain platform or network. This will allow the traders to trade without the need for a mediator. Also, traders can get a good exchange rate within a short amount of time. 

Peer to Admin Cryptocurrency Exchange

In a P2A exchange, the admin has full authority. Every user will purchase or sell the crypto directly to the admin. Admins can set the price and trading values as he pleases. These sorts of exchanges are good for several reasons.

First, trade is more reliable and trustworthy. After that, the privacy is safeguarded and offers better anonymous trading. Not to mention, trading fees are less and users can trade fast. Of course, the admin will gain a huge profit from a successful transaction. 

Order Book Exchange

An order book exchange is very popular among Bitcoin exchange scripts [1]. The term order book is not very complex. Basically, it’s an electronic trading order for cryptocurrency. Mainly, the order book creates transparency in the market. An order book can provide valuable information to traders. Not to mention, no bad actor has the authority to temper the information. 

How do exchanges set the exchange rate?

As there is no global price scale for cryptocurrency, people have a lot of misconceptions. If you are thinking that creating a platform will give you the power to set the rate – you are wrong.

Well, the exchange rate is fixed by the actions of the sellers and buyers. Yes, the people trading on a platform affects the price and exchange rate. However, other elements affect the exchange rate.

The supply of the bitcoin and progressive market demand is another huge factor here. Well, the trader’s attitude plays a vital role in deciding the exchange rate.

How Do Cryptocurrency Exchange Make Money?

Now, we can understand how traders can make a profit. However, what’s in it for you to start a crypto exchange platform? A lot of companies don’t know how they can earn revenue from the platform. Before thinking about the considerations for creating a platform, you need to be clear about how the profit will come.

Any cryptocurrency exchange platform can earn profit from the following paths:

Trading Fees or Commissions

Trading fees or commissions are the first way one trading platform can earn money. Well, you are facilitating services to the buyer and sellers. Such service includes multiple currency support, buyer security or seller security, and proper verifications. So, the platform can monetize a good charge over the trade-off.

Now, there is no universal trading fee for crypto trading. So, the platform gets to decide the fee rate. Anyhow, the rate should not be higher or uncomfortable for traders. If so, the platform will surely miss out on users.

A cryptocurrency exchange is a multi-million dollar industry. That means every transaction here is valuable. Any popular exchange can earn millions of dollars. Fixing a small commission rate won’t be a huge problem for any exchange at all. Rather, they need to ensure good customer support and their own security features carefully. This will ensure better revenue from the tradings.

Listing Fees

Listing fees are vital for a cryptocurrency trading platform. Also, this is another way to make money from traders. The concept is quite easy and straightforward. Listing fee means the money or percentage you receive for listing any new cryptocurrency.

We are very much popular about IEO (Initial Exchange Offerings), Security Tokens Offerings, ICO (Initial Coin Offering), and other projects. Most of these are fund-raising programs. However, when people are looking for digital crowdfunding, they do it on an existing blockchain network.

But people are coming in contact with the blockchain network via platforms. So, the platform will collect a percentage of the funding. This is another way the trading platforms can earn money. Of course, your platform needs to be popular and well-organized.

The listing fee is a different way to earn profit from newer cryptocurrency. Well, you cannot ask a new cryptocurrency to provide the same exchange volume as the popular ones. For an exchange platform, the idea of getting commissions is completely unrealistic. That’s why they include a listing fee.

And in recent days, listing for coins and tokens have become fierce. The listing will help the cryptocurrency to widespread its area and reach people. So, a lot of crypto companies are always looking for listing their cryptocurrency. So, the listing is another way cryptocurrency exchanges make a profit.

Collecting Funds for STO, IEO, and ICO projects

Crypto exchange platforms can also help other blockchain companies with fundraising. However, you have to equip the platform with the IEO module. Without the IEO module, you cannot expect to raise many funds effectively.

The platform will collect funds on behalf of a company. For the payment, they will cut a small portion of the fund. Companies with small budget often try to raise fund quickly. So, they do it with the help of exchange platforms. So, this is another way the exchange can make a profit.

Making the Market

A crypto exchange is, of course, a digital marketplace. Producing liquidity for a given currency instrument is another thing to consider. Mainly, you create a competitive market with other exchanges online. The process works perfectly when you come up with different strategies. One of the best things is to do it by creating price differences.

Let me explain, for making markets, many exchanges sell digital assets. The asking price is slightly higher than another exchange. Yes, the process works mostly for automated and long-distance markets. Because you can pocket money and earn a profit.

What is the Cryptocurrency Exchange Script?

Cryptocurrency exchange software is mainly the soft copy of a platform’s infrastructure. If you are thinking about creating your own exchange platform, you have to ensure some important things. In the past, a lot of crypto exchange platforms came into existence. Sorting out their success, other businesses started to ensure similar platform experience.

No, it does not mean similar trading platforms started to grow. Rather, other businesses took the facilities into consideration. They wanted to create a platform just like the most successful ones. Even some websites emerged to be more advanced with extra features. However, some considerations stay the same.

Creating a unique and different website is obviously a great way to start your exchange business. However, the process is expensive and you would need to hire a professional developer team. But having a good infrastructure right in front of you can save tons of time and money.

Well, larger companies do have the luxury and bravery to hire professional teams. But smaller start-ups like to rely on clone scripts. Cryptocurrency exchange clone scripts became massively popular. So, getting a good crypto exchange script is nothing bad. It won’t make you a reprise version of any popular platform. It’s about ensuring the standard features people look for while choosing a trading platform.

Different types of Crypto Exchange Script Explained

Yes, even cryptocurrency exchange scripts come in different forms. Of course, what type you choose depends on your investment. Generally, we can think about three types of exchange software script. Of course, this is no universal or standard value. But you can get a general idea. 

Open-Source Scripts

Open-source scripts are the cheapest way to start your trading platform. Just simply download a script from any reliable platform such as GitHub. After downloading it, deploy the script on the server and then launch your crypto trading platform. Yes, this is the cheapest way to start your crypto exchange platform. 

However, open-source exchange scripts come with a fair share of problems. Most of the source codes are considered to be inadequate. That means the source code will contain a lot of bugs. Also, open-source scripts don’t come with a secured framework. 

Not just that, your platform won’t facilitate any unique feature. When your platform grows, you will have to hire professionals to make additional changes. Now, a lot of people just want to understand the process. That’s why they go on a text mode with open-source scripts. Most of the time, they test this out without any real clients and try to gain knowledge. 

White Label Exchange Scripts

Well, white-label cryptocurrency exchange script is an upgrade from the previous open-source version. Anyhow, the core elements of such software are tested and fixed from time to time. Thus, you can modify and customize the script according to your preference. 

A big problem with such scripts is that you will have to pay for a regular license. Lack of support will be the biggest problem with such scripts. The only benefit is that the source code is reliable and trustworthy. But with fewer options, you won’t get the business aspects like building a new exchange platform from scratch. 

Custom Exchange Script from Scratch

The final option is the expensive one. Hiring a fresh code of professional developers can help you build a cryptocurrency exchange from scratch. Of course, this is the best solution if you want to create a completely new crypto exchange platform. 

It will take around 6 to 7 months to create a new exchange platform. You can hire a good blockchain development company like Cryptodevelopers. Cryptodevelopers can provide you with reliable and exchange platform development services. 

What do you need to create a cryptocurrency exchange platform?

Now for the main part, what things should you consider before establishing a crypto exchange company? The answer is simple, a good cryptocurrency exchange software, marketing policy, payment procedure, wallet support, and security concerns. Before going into further details, let’s just have a look at the things you need to focus on before establishing your exchange business. 

Attaining Funds

Attaining funds is the first step you need to take before establishing your exchange platform. Because you are going to attain host, security, and other technology to ensure the trader’s facility. Without ensuring traders’ facility, your exchange won’t become successful. Without proper funding, your exchange won’t build a proper runway. 

To create your exchange, planning both the future and development phase is important. A lot of exchanges failed to plan for the future. But they had passed the development procedure perfectly. So, claiming funds for hosting, technology, and legal procedure is obviously important. 

Choosing a blockchain framework

Before creating a crypto exchange platform – the most challenging and controversial step will be – choosing a blockchain framework. This is important because the framework will ensure the speed of processing transactions. 

There are plenty of blockchain frameworks such as Exonum, Hyperledger, Graphene, and Openchain. Reviewing a good blockchain framework is important. And don’t just choose one according to the popularity. Find a suitable one according to your goals and plans. 

Technical Aspects or Software

The next thing is all about ensuring the technical aspects. Of course, your exchange will need a proper online platform. To ensure all that, you will need cryptocurrency exchange software. Well, there are a lot of blockchain development companies like us that develop different exchange software. Mostly, you will need a wallet and Cryptocode has a versatile wallet best suited for your exchange.

Well, finding a proper clone script or script for your exchange platform is obviously important. You can even attain software to host your company. If you are thinking about a company with a small budget, you can always use another trading platform. Cryptocode offers Cryptovest to solve the problem for you.

First, try to get a white label exchange script with proper source code. Otherwise, your business won’t come into view.

Need to ensure liquidity

Just having dummy accounts cannot help an exchange to spread. Connecting your exchange network with an existing network can also prove to be fruitful. Ensuring liquidity will be the cornerstone for the success of your exchange.

Partnering with Payment Processor

Having multiple payment gateways is a great thing. Because all the payment procedures are not the same. Also, every payment procedure is not available in every region. Even the most popular payment gateway may be unavailable in a specific location. That’s why partnering with multiple payment procedures is a great thing for your company.

Ensuring great security practices

A platform does need to be secure and versatile. Wallet support is the main security practice for an exchange. An offline wallet, a cold-storage wallet can ensure safety for your exchange. Verification process like KYC and 2FA is another important factor here.

Cryptocurrency Exchange Software Development

Aside from creating an exchange platform – considering the idea of making a mobile application is noteworthy. Because a lot of people want to connect via smartphone or mobile platform. But you cannot just create one application. Yes, creating an application will help you ensure security. However, there are other things that you must consider.

First, choose the OS

Choosing the operating system is not a huge problem. Because the Android and iOS platform is the most popular ones so far. Creating separate apps for both platforms is good. And this can lead you to additional costs. Not to mention, a limited budget can create problems for developing a mobile application. Ensuring a good app for both platforms may become impossible. That’s why you have to consider the target audience first. 

For instance, West European, North American people tend to use iOS. On the other hand, people in Eastern Europe and Asia tend to use Android a lot. Depending on the region and target audience, you can opt to develop mobile applications. 

Compiled or Native App Development?

Do you want to develop an app for native code? Or do you prefer a compiled code? Native codes are the most common codes. Whatever you choose, implementing common functionality and synchronization with blockchain should be prioritized. 

The Basic Features of Cryptocurrency Exchange Script

Cryptocurrency exchange software is important for your exchange. If you even look for a Bitcoin exchange software, every exchange comes with similar support. We can divide the exchange software into two distinctive categories. One, for the control features and the other for security purposes. 

Here, we are going to sort out these features. Well, every cryptocurrency exchange script should have such facilities. Otherwise, they should not choose the script. Because you can get a good clone script or software if you like. However, you must consider the features too. 

Cryptocurrency Exchange Script – Basic features

When you are looking for a good exchange clone script or cryptocurrency exchange software – you should consider the admin feature and the user facilities. Well, just checking the admin facilities should be enough. Because, depending on your management facilities – the users will gain different facilities. So, here are the basic features a crypto exchange script should boast. 

Proper Admin Dashboard and Settings

Admin dashboard may be overlooked by a lot of people but it’s crucial for your exchange. Without your dashboard experience, management becomes boring and hard. A good and dynamic dashboard can help you view everything on your exchange. Of course, you won’t get the details within the dashboard. However, you can keep a keen eye on every prospect of the exchange. 

Also, the settings menu and ease of use is another concern. 

Liquidity Management

In cryptocurrency, liquidity represents the most important aspect. Liquidity is nothing but a mere degree. This degree shows how any digital asset or cryptocurrency can be traded without affecting the stability of the price rate. 

High liquidity can always ensure a stable marketplace. At the very first of your exchange, the liquidity is going to be lower. Because the more the trading activity is present, the higher the liquidity will become. 

When your exchange script provides liquidity management or liquidity provider – it will help you a lot. Ensuring your exchange order book is busy can help the platform ensuring high-liquidity. 

User Interface and Easy to Use Platform

The user interface should be dynamic and easy to use. Trading platforms need a better user interface and all the menus in s a good place. Without placing the buttons is a good place, it’s impossible to manage trades. Both admins and users will face difficulty with navigation and trading options.

In order to make the trading platform seamless, payment gateway, transaction order, trading pair plays a vital role.

Peer to Peer Exchange Facility

Trading platforms should offer P2P exchange facilities. Because traders want to connect with each other. And ensuring P2P exchange can help the trade go smoothly.

Proper Order Book

Having a sophisticated order book on your exchange script is another important feature. Because of the order book is good, users can view all the records of transactions and sales just by one-click.

Multiple Currency Support

Having multiple currency support is obviously important for your crypto exchange software. When you want to trade, you better think of multiple currencies. Also, how many flat currencies and how many digital currencies the software supports – is a big consideration.

Notification Settings

Notification settings can help the exchange interaction with the users. Also, a notification and alert system can benefit the traders too.

Smart Contract

Having an advanced smart contract can help your exchange to become reliable. Once you set a smart contract, you cannot change it. So, ensuring an advanced smart contract should be a priority. Not to mention, smart contracts are the most vulnerable spots for any available blockchain network. Even so, smart contracts play a valuable role in your exchange.

Better Payment Gateway Integration

Having multiple payment gateway integrations can help the exchange to create safe transactions. Yes, just having one payment gateway is not reliable and effective. So, implementing multiple payment gateways is a very important prospect. However, payment methods are getting adaptable and advanced. Thus, finding a script that boasts the power to integrate any payment technologies is important.

Wallet Support

Cryptocurrency exchange should offer a good and secure wallet feature. For instance, escrow wallet, cold wallet, and offline wallets are very important. Having every one of them is not mandatory. But you giving users good wallet support can benefit you in the long run.

Affiliate Program

Affiliate program integration helps you to spread the business more. Well, your crypto exchange script having an affiliate program can always help you in multiple ways. You can gain access to any possible trader or user.

Cryptocurrency Exchange Script – Security Features

Aside from the basic features, the exchange should focus on some security features. Ensuring security is one of the most important aspects of the exchange. So, here are the main security features you should try to find:

Cryptocurrency Transaction History

Recording the transaction history is very important for your exchange. Because, without tracking the transactions, one cannot expect to find reliable dispute solving information.

Two-Factor Authentication

2FA can help the exchange sort out reliable traders. Cryptocurrency is often targeted by a set of bad actors. So, ensuring the fact that no bad actor can do anything wrong, you can always enable two-factor authentication. And this is an integral part of the security system.

KYC

Know Your Customer or KYC is another way to keep your site secured. Yes, the transactions in a crypto exchange are anonymous. However, that’s the reason why a lot of people target the section. And KYC can always help the admins or business company to make sure the traders are reliable.

SSL Certificate

SSL certificate helps the users to ensure trust between the exchange platform. Mainly, SSL will connote that the data transmission on the platform is being encrypted. Thus, the site will be secured. Yes, SSL security can always help you build trust.

Cryptocurrency Exchange Script- Is it really safe to use?

The cryptocurrency exchange script is a complete source code for creating a new crypto trading platform. How you pick a good exchange script depends on some technical elements. Because, without having technical knowledge, you cannot choose a reliable source code. Yes, there are many clone scripts available. 

Most of the time, you have a bitcoin escrow exchange clone script. These clone scripts are the real source code from a renowned platform. Without technical knowledge – choosing a good script will be hard. However, people looking to create a platform just don’t care about the source code’s technical element. All they want to know, is it safe or not? 

Yes, it’s safe when you pick a reliable exchange script. For a reliable crypto exchange script – one needs to confront some important things:

• The UI and ease of management
• Scripts easy installation
• Security features
• KYC compliance or verification method
• Source codes security
• Secure framework and reliable coding
• Bug fixing updates
• Developer teams customer care
• Wallet management
• A lot of cryptocurrency availability
• Payment gateway
• Trade Engine
• Admin Panel
• Wallet
• Analysis tools
• Internal API
• Transaction Management
• Others

Depending on the common features – you can evaluate your choice. However, without a proper source code – nobody can create a safe platform. There is a question among many people, is it safe to keep your investment in exchange? Many people will answer, “no.”And we can understand their concern. Because exchange platforms are still vulnerable to bad actors. 

If the script is not being able to create future security developments – the platform won’t stand still. We have discussed the three different types of scripts available. Now, it’s up to you to choose a script. But if you want to create a completely new exchange platform – rely on a reputed developer company.

Should You Hire a Blockchain Developer Company to Create a Cryptocurrency Exchange Script?

Just like we said, building a new crypto exchange platform from scratch is the best idea. You can do that by gathering a good development team. However, hiring a good developer team is always the best idea. Because they have experience and knowledge of the blockchain landscape. 

So, hiring a reputed company is always a good step toward development. 

There are plenty of benefits to hiring a professional blockchain development company. 

• They can sort out a proper plan for you. 
• These companies can guide you with technical knowledge. 
• A mix of professionals can help you gain business strategies.
• Professional and experienced coders will help you build a foolproof exchange platform. 
• Will save time and cost over-testing your script. 

So, there are a lot of benefits of hiring professional help. But the best thing about hiring them is that you can save time. Choosing a good development company is not hard. You don’t need a lot of technical knowledge to do so. You just need to check:

• Their online appearance
• History of the company
• Their plans and strategies
• Customer Support
• Previous projects and client reviews

Well, this is the best way to go on with your plan. In the meantime, try to learn blockchain more and more. When you understand the basics, hiring professionals and achieving the greater good is not a problem. 

Wrapping Up

Cryptocurrency Exchange script is a hot topic right now. Many people think about joining the community. On the other hand, some people want to deal with large platforms. Creating a crypto exchange heavily relies on a cryptocurrency exchange script. Because it’s not just about the online appearance you need to deal with. 

There are plenty of blockchain developers that can build you a good bitcoin exchange script or cryptocurrency exchange script. However, before hiring a developer team, you must understand the underlying concept. Yes, blockchain is a complex network of different types and ideas. And without consulting with an idea, you won’t be able to unlock the power of blockchain and crypto exchange.