The current article will show main items, steps, components and subtleties of starting bitcoin and cryptocurrency exchange platform. This article is recommended for reading to investors, entrepreneurs, businesspersons and even crypto-enthusiasts and traders.



Regulation

As you know, the Cryptocurrency market is uncontrollable and this is the only reason why some still mistrust it. In a way, it can be called a bubble - after all, investing, say in bitcoin or litecoin, and have lost money on this - the Government will not help you. In this case, you should understand that there are risks. You can earn money or lose them. Nevertheless, this industry continues to develop rapidly. Cryptocurrency platforms software is one of the ways to make money. But how? What do you need to know when choosing a trading software for cryptocurrency? In general, when starting a company and the primary requirements.



Company Registration

The start of any business is its legal registration company and bank account registration. Cryptocurrency exchange is not an exception. In December 2017, Belarus announced the legalization of the Crypto-currency, in particular, bitcoin. How will this affect the market and this industry? By this step, Belarus said that it is ready to be the world center and jurisdiction cryptocurrency and is ready to be tax-free country. Whether this will be so in reality, only time will show. At the end of last year, many inhabitants of this planet found Belarus.

Among other popular countries of registration of the company is to distinguish separate US states, such as Texas. Singapore is also on this list. Although the main recommendation still remains the same - choose the country whose laws you know well, and which in the future will help you develop your platform, not ruin it. Special attention deserves blockchain, especially in healthcare. Over the past 2017, public companies that seemingly are not even connected with information technology, after the introduction of the blockchain, have increased stocks value from 3x-5x times!

Members

KYC (Know Your Customer) AML (Anti-Money Laundering)

Members of the cryptocurrency exchange software are its users. It helps the business to grow. There are only a few important points at this stage:The second point is much easier (not all jurisdictions ask for it). Regarding the first point, obviously, you should know your customers.is the most important in the crypto exchange. How deep do you need to know? The minimum requirements are verification by. Australia, for example, requires utility bills, address registration or bank payment. Generally, it is considered that there are 2 key stages of verification (no, this is not a phone nor an email):

For example, some implement very strict requirements for verification of identity - you need a personal presence through a web camera or verification through the front camera. Interesting to note, user's regulation and verification is quite typical for many sites, such as Amazon or Etsy.

According to the rules, the user gets full permissions only after verification. Then he can conduct trading activities and deposit his wallets.

Components

Graphical user interface

Cryptocurrency trading software for the P2P exchange must include the following components:This is the list of the main components, without them new exchange simply does not survive. Without admin system, there will be no control and clarity, insufficient liquidity can simply not give a starting point for growth, and a vulnerable system can completely ruin everything.This module, though more correctly, the component should be designed not only, taking into account national, social and local preferences of the users themselves.