What are the best features that I can add to my bitcoin exchange website?
Emil Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative”. – Nassim Taleb (Statistician and Risk Analyst)
It‘s clear that bitcoin and other cryptocurrencies are the future, but let‘s discuss in more detail why you should build a bitcoin exchange website and how to do that.
In 2017, bitcoin took the world by storm resulting in a huge surge in its value. In just 1 year, bitcoin saw its price rise around 1,800%. Despite China, until recently the world’s largest bitcoin market, cracking down on bitcoin exchanges in an attempt to curb capital outflows from the country, bitcoin’s price rose and rose as it found new markets in South Korea, Japan, and right here in the USA.
Bitcoin is now a regular topic on all the main news organizations including CNN, the Huffington Post, and the BBC. Just twelve months ago, these organizations showed little to no interest in the cryptocurrency revolution, meaning that most of the public was still completely unaware of bitcoin.
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WHAT IS A BITCOIN EXCHANGE?
Bitcoin is a blockchain-based peer-to-peer currency system. Since it is decentralized, it cannot be controlled by any outside party such as banks or governments.
This is undoubtedly the main hurdle that cryptocurrencies must overcome in order to go mainstream. How long this will take is anyone’s guess, because let’s face it, governments don’t like it when they can’t control something.
Before you get down to work, you need to understand the cryptocurrency exchange architecture, that is how to set up the internal structure of your bitcoin exchange website.
TARGETS YOU WILL NEED TO MEET TO ENSURE YOUR SITE GROWS:
User growth
Even if you have done plenty of work before launching your site there is still no guarantee that people will immediately jump on board. Setting realistic growth targets will help to keep the motivation that you will need to make your exchange a success. Hard work is essential, as is a can-do attitude combined with a never give up approach.
Security
Security is a vital part of your ongoing bitcoin exchange development. Any security weakness or breach should be dealt with immediately and with extreme seriousness. Even if it means you staying in the office the entire weekend, making sure your site is secure is of the utmost importance. Hackers will almost certainly target your exchange at some point or another so be prepared.
Maximize site uptime and page load speeds
People will be using your site to trade their hard-earned money, so your site should always seem like it is bulletproof. Slow page loading times not only frustrate users but also cost them money when it comes to buying and selling currencies. For the same reason, rapid server response to users is also vital.
Make sure your customers are happy
Your users won’t ever get much of a chance to interact with the human face of your site provided it has been well designed and managed. When things do go wrong, you should make sure that you have a dedicated and friendly team of customer support agents ready to help out...
Always seek innovative new ways to keep your site ahead
It‘s not enough to build your own bitcoin exchange website. You shouldn‘t forget that innovation is king when it comes to any industry. Always keeping up to date with changes as well as trying to build in new ways to keep your customers happy will help your site to thrive.