Crypto Exchange– One of the common terms that many might have heard in the recent past. There are numerous crypto exchange platforms Wazirx Clone that function as a platform to facilitate crypto transactions. The fact that crypto and its related entities got instant popularity can be attributed to it’s decentralized nature. With no middle men in the transaction process the crypto exchanges have completely eliminated the need for a centralized entity like banks. This cannot be just confined within the boundaries of technology. It’s a revolution which has the potential to change the entire landscape of a lot of industries.
The inception of crypto and blockchain has opened up various lucrative opportunities for the masses. But no one can deny that people are so encapsulated into trading that they are not able to think beyond that. Other than crypto trading there are numerous opportunities in the crypto space that people can explore and one among them is to create a crypto exchange of their own.
What is cryptocurrency exchange?
A cryptocurrency exchange is a decentralized platform that enables people to exchange government issued fiat currency for cryptocurrencies and vice versa. It also accommodates crypto transactions like buying, selling and trading. In this process parameters like competitive pricing and government regulations had to be taken into consideration.
To make it more clear, these decentralized exchanges act as a peer to peer cryptocurrency marketplace that acts as a bridge between buyers, sellers or investors without any intermediator.
Understanding Crypto Exchanges
As mentioned earlier, cryptocurrency exchanges are decentralized exchanges. They are also referred to as DEX. These exchanges are hundred percent tamper proof, and transparent. They are completely independent entities and hence no governing body has control over it. All of their processes are automated and every action by the users is accountable.
Even though these decentralized exchanges present themselves as safe and lucrative, they also have certain limitations.
Build Your Own Cryptocurrency Exchange
It is a well established fact that blockchain, crypto and all of its related concepts is a new technology and its difficult for everyone to understand. But that does not have to restrict you from venturing into launching your own cryptocurrency exchange.
Some of the well known crypto exchanges include Coinbase, Binance, Zebpay, WazirX and a lot more. These names became prominent within a short span of time because of the crypto boom across the globe.
Crypto Exchange Like WazirX
If you are Indian and if you are into crypto and blockchain, the name Wazirx won’t be alien to you. It is India’s home grown crypto exchange platform that is on the path of becoming a crypto unicorn. There are white label scripts of Wazirx available in the market through which you can build a WazirX clone and can customize them according to your requirements. Opting for these white label clone scripts will considerably reduce your money, effort and time involved in building a crypto exchange platform. This is a better option in all possible ways to build your own cryptocurrency exchange.