A cryptocurrency exchange development is an online platform where users can buy, sell, and trade different digital assets. It operates as a marketplace, where traders can conveniently bid on the crypto’s purchase.
Registration: Users sign up on the exchange by providing the necessary identification details for KYC verifications.
Deposit: Users add funds to their exchange wallets, either with fiat currency or cryptocurrencies.
Order Placement: Users enter buy or sell orders by specifying the cryptocurrency, amount, and price.
Order Matching: The exchange’s matching engine finds and pairs orders based on the specified price and quantity.
Trade Execution: Once a match is found, the transaction is completed, and the cryptocurrency is transferred between the buyer and seller.
Settlement: The exchange ensures the transaction is fully completed by moving funds between the respective wallets.
Withdrawal: Users can withdraw their funds from the exchange as either fiat currency or cryptocurrency.
Registration: Users sign up on the exchange by providing the necessary identification details for KYC verifications.
Deposit: Users add funds to their exchange wallets, either with fiat currency or cryptocurrencies.
Order Placement: Users enter buy or sell orders by specifying the cryptocurrency, amount, and price.
Order Matching: The exchange’s matching engine finds and pairs orders based on the specified price and quantity.
Trade Execution: Once a match is found, the transaction is completed, and the cryptocurrency is transferred between the buyer and seller.
Settlement: The exchange ensures the transaction is fully completed by moving funds between the respective wallets.
Withdrawal: Users can withdraw their funds from the exchange as either fiat currency or cryptocurrency.