Blockchain technology has made a stir in the current digital world. Cryptocurrencies that have backed by blockchain technology have also seen tremendous growth in recent years. People are becoming more familiar with and have started to invest in cryptocurrencies. Because the value of cryptocurrencies is increasing day by day. This growth has also grabbed the attention of entrepreneurs, and many are thinking of starting their businesses in the crypto sector.
Various business models are there in the crypto sector, among them cryptocurrency exchange has been the most successful one. Many of you might have heard about a cryptocurrency exchange, but for those of you, who don’t know what an exchange is, it is nothing but a platform, that is used for trading cryptocurrencies. The reason why the crypto exchange business is highly talked about is that compared to other business models, the exchange business is highly profitable and takes much lesser time to complete. Since many people have started to invest in crypto, and are interested in trading cryptocurrencies. This is the right time to start your crypto exchange business. Several cryptocurrency exchanges are available in the current market, and Kraken is one of the well-known crypto exchanges recently. Let us look into it, in detail.
- About Kraken cryptocurrency exchange
- Why start a crypto exchange like Kraken?
- How to start a crypto exchange like Kraken?
- What is a Kraken clone script?
- Business benefits of Kraken clone script
- Features of a Kraken clone script
- Security features of a Kraken clone script
- How does a Kraken clone script work?
- Kraken clone app development
- Cost of a Kraken clone script
- Why choose CoinsQueens for your Kraken clone script?
About Kraken cryptocurrency exchange
Kraken is an orders book cryptocurrency exchange that works on a match engine.This Match engine helps you to match your trading partner based on your expected buy and sell value which is highly welcomed by the traders. They are also known for their margin trading, and these margin trading accounts allow the users to gain more funds when compared to regular trading accounts.
Why start a cryptocurrency exchange like Kraken?
Kraken has got its name because of its unique features and also provides high-security features. They give you instant buy and sell options for their users. When compared to other cryptocurrency exchanges, Kraken supports various fiat currencies that make their traders accessible to many fiat currencies for their trading. Beginners find it easy to use their exchange because of the user-friendly interface. The transaction fees are also low when compared to other crypto exchanges.
How to start a crypto exchange like Kraken?
The best way to create a crypto exchange like Kraken is by getting a Kraken clone script, which is the easiest way. Apart from this method, there are also other two methods, one is creating it from scratch and the other is using an open-source code. The reason why these two methods are not considered to be the best is that, when you create it from scratch, you need more resources and money to invest in it, and practically speaking, as an entrepreneur investing that much money is not possible for everyone. In the other method, if you use an open-source code that is available on the internet, there is no guarantee for the security of your exchange. This is why most entrepreneurs don’t prefer this method instead, they would prefer getting a Kraken clone script which is the smartest and safest decision.
What is a Kraken clone script?
A Kraken clone script can also be said as a white label Kraken clone software, which is ready-to-use software, that is pre-developed and tested. This Kraken clone script comprises all the unique features and security features that are available in the Kraken crypto exchange. It is completely customizable, which is also an added advantage for an entrepreneur who wishes to start a crypto exchange like Kraken. This Kraken clone script takes very less time to get done. Considering these factors getting a Kraken clone script is considered the best way, to create an exchange like Kraken.
Business Benefits of a Kraken clone script
- Admin Access: Admin can manage the exchange functions like transactions, security, trader’s information, etc.
- Security: Built-in security features are available.
- Time: Less time-consuming, you can get it within a week.
- Cost: More affordable compared to other methods.
- Features: Provides you with all the features available in Kraken
- Customizations: Completely customizable based on your business needs.
- ROI: Return of investment in a short period of time.
- Services: Both website and app can be launched with a Kraken clone script.
Features of a Kraken clone script
- Order Book System
- KYC (Know Your Customer) integration
- Crypto payment gateway
- Crypto exchange mobile Application for IOS and Android
- Unlimited currency exchange pair
- Live trading charts
- OTC desk
- Market Making
- Liquidity API
- Futures trading
- Margin Trading
- Cryptocurrency Wallet integration
- IEO Integrated Module
- Third-Party API integration
- White Labelling Services
Security features of our Kraken clone script
The security of the crypto exchange is the topmost priority. As crypto exchanges are prone to hacking, it is a necessity to secure the crypto exchange with advanced security features. We at CoinsQueens know this and we enable high-end security features in the Kraken clone script. These security features will ensure your crypto exchange from potential hacks.
- HTTPs authentication
- Jail login
- Data encryption
- Two-factor authentication
- SQL injection prevention
- Email and SMS verification
- Anti Denial of Service(DoS)
- Cross-Site Request Forgery(CSRF) protection
- Server-Side Request Forgery(SSRF) protection
- Anti Distributed Denial of Service
How does a Kraken clone script work?
- First, the user needs to register in your crypto exchange and create an account with the help of the user’s Email ID.
- Then a verification mail will be sent to the respective mail Id that consists of a link, and clicking on which the registration process will be successfully completed.
- Account will be created on the successful completion of the registration process. Then the user needs to complete the KYC process.
- After the KYC is completed they can start the trading process.
- To trade using fiat currencies, the user has to link their bank account to their crypto exchange.
- Several ways are available in the Kraken clone script, so the user to choose the method by which he needs to trade.
- Once the trading process is completed, the coin will be sent to the buyer’s wallet.
- Each transaction has a transaction fee that goes to the admin, after every transaction.
This is the process by which the Kraken clone script works for the users and for the admin. Apart from the exchange, White label Kraken clone software also offers the Kraken clone app.
Kraken clone app development
Though a Kraken website is important for an exchange business, the Kraken clone app is also equally important. Because in this internet world, the mobile application seems much easier to use. The Kraken clone app has a user-friendly interface that makes it easy for the user to trade especially, for beginners. Having a Kraken clone app along with a Kraken clone exchange increases the user base.
Cost of a White label Kraken clone software
As mentioned previously, compared to other methods for creating a crypto exchange like Kraken, getting a White label Kraken clone software is much lower. Creating a crypto exchange from scratch would cost you a minimum of $150k. But, if you get a Kraken Clone script it would only cost from $4k to $12k. This low cost is the reason why entrepreneurs prefer getting a Kraken clone script.
Why choose CoinsQueens for your Kraken clone script?
CoinsQueens provides you with the best Kraken clone script. We have successfully delivered various clone scripts to our clients. We have an expert team of blockchain developers, designers, and developers to provide the best service to our clients.
If you are an entrepreneur who wishes to start a cryptocurrency exchange, then make use of our Kraken clone script to start your crypto exchange business. It is a much simpler process, contact us to convey your business needs and leave the rest to us. You will be getting your exchange within a span of ten days.