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Is whitelabel binance clone scripts really safe? how is it beneficial?
Posted: Feb 18, 2021
The cryptocurrency exchange market has proven itself to be highly profitable if approached correctly. The number of whitelabel Binance clone scripts platforms drastically increased but the quality of services can still be a question. Given that cryptocurrency trades are not governed or monitored, they have boosted to unthinkably high levels, with wider audiences.
Binance Exchange has a lot of financial and strategic backing, which can keep the digital market afloat for years to come. This means that the emergence of the dominant alternative currencies can take over the world in the coming years. If you wish to create a new exchange of your own it is the best time to be a pioneer in the field. If you’re looking for high liquidity for trading or any other purpose, you may want to get another digital currency.
Is Binance Coin Real Money?
The main objective of Binance coin is to fuel the operations of crypto exchange and empower the trading and the Binance ecosystem. Currently, the native coin can also be used for trade discounts. Cryptocurrencies can also be used for paying for travel and hospitality services, but so far its acceptance as a viable currency is low but expected to hike in the upcoming years. That’s why it can’t be considered real money, at least not yet.
On one side this huge hype around the question "how to build a cryptocurrency exchange like Binance" makes this market quite competitive.
But the more the market develops, the more trust it gains from users, and the more benefits it brings to those who know how to work with it. That is why creating a high-quality cryptocurrency trading app is an amazing idea. So, let’s see what you need to pay attention to and how to start a crypto exchange service with Binance app clone.
- Sign in/Sign up
The signup or login page is the foremost thing a user will see, but the main point of it is not just to let people in after creating their account but to also protect the system from any unauthorized logins or any other kind of manipulations and hack attacks. For this reason, this functionality and the security systems should be very well developed and correspond to the highest of the standards. Besides the general login/password combination, there is also a 2FA or multi-factor authentication to provide additional security for users.
- User Verification
One of the reasons the digital market is so trusted among the users is that every trader in the platform is thoroughly verified. Depending on the type of verification processes like KYC and AML, the verified users generally have more opportunities. For example, the limits for withdrawal for the verified users are much higher than for the non-verified traders. The verification is crucial to ensure the transparency of trades and to minimize the possibility of fraud.
This feature allows traders to deposit the funds into the internal hot and cold wallet featured by the cryptocurrency exchange software, as well as to withdraw money to the wallets outside of the software according to the limits set by the exchange.
- Transactions creation
Every user should have a possibility to trade, buy or sell cryptocurrency to other users in the platform. It’s very important that all the transactions are super fast and without any system errors or hurdles. The system should have several payment gateways and possibilities for order creation to allow the user to choose the one which is convenient for them at the moment.
A very useful and mandatory feature that allows creating various graphs and statistics for better visibility of the rates and opportunities.
- Internal API
A White-Label Binance Clone Script has its own API to allow users to create their own automated trading systems or the data exchange among the verified devices.
- Admin Panel
With the help of the admin panel, the employees of the exchange company will be able to monitor trades and manage the actions made on the exchange based on their access level.
These are only the main features required by any application of such type. There is much more to be implemented in the binance clone website script to make it not only usable but also secure and easy to use.
What Are the Benefits of Binance Clone App Development?
If you are using BNB to trade on the exchange, you will have access to the platform’s proprietary matching engine which can support up to 1.4 million orders every second. You can always find the right trade with binance app clone, and using binance website clone script makes launching your own platform even quicker and reliable.
Secure & Trustworthy
The popular exchange already has millions of digital currency traders and users who rely on the platform. The ready-made binance Clone Script holds the same trust with the exchange’s security and protection features. The exchange uses a multi-cluster and multi-tier system framework and Secure Assets Fund for Users (SAFU) to keep your funds safe.
Trade Multiple Cryptocurrencies
Using Binance coin, you can trade more than 150 cryptocurrencies on the exchange relying on a fast, secure and affordable trade matching system. Apart from that, the Binance app clone also gets its own trading pairs to meet your specific business requirements. With the experts in shamla tech, you don’t have to look anywhere else as the features we provide are completely customizable for all your business needs.
Spend Binance Coin
Apart from a seamless experience within the Binance Clone Script Development and trade fee discounts, you can also use Binance Coin in many other different ways. It is accepted by multiple service providers, especially in the traveling and hospitality industry. Buy your own Binance Exchange Website Clone Script to enjoy massive benefits.
Participate in ICOs/IEOs
Binance Launchpad also hosts new token sales where you can use your BNB tokens to purchase a stake in a new and upcoming currency. Later on, these new digital currencies are added to the Binance app clone where you can trade them as well providing a complete and hassle-free experience.
Can It Be Used Anonymously?
It is easy to maintain anonymity when you are using cryptocurrencies. Since the token is mostly used within the Binance ecosystem, you need a verified account on the exchange to use the currency. White-Label Binance Clone Script complies with Know Your Customer (KYC) and Anti Money Laundering (AML) regulations which means it will ask the user to provide personal information to verify the identity before creating an account. You cannot use the native coin on the platform without an account. If you are privacy-conscious, then you should try any other cryptocurrency like Zcash that uses deliberate methods to mask your identity on the blockchain and the transaction details.
How Safe Is Binance?
It is built on the Ethereum blockchain, which uses cryptographical encryption to prevent data breaches and interception. Since the blockchain is decentralized, there is no single node or a central hub that can be hacked to manipulate the data. Apart from that, Binance Clone App Development is a reliable name in the crypto space with its security features which add multiple safety layers to keep your personal information and funds safe. These include two-factor authentication, escrow, SSL certified encryption, Clickjacking attack, and X-Frame-Options. You can also use highly protected cold and hot wallets to keep your BNB secure.
Is Whitelabel Binance clone Scripts Worth the Investment?
One of the most promising things about Whitelabel Binance Clone Scripts Development is booming in the era where everyone is shifting to a more digitalized world. You can build your own crypto exchange with robust Binance Clone Script Development for superfast operations and digital asset trading, providing a seamless experience to the platform users. As a leading Binance Exchange Website Clone Script development company, the experts here offer completely adaptable clone scripts for all popular exchanges.
Even though cryptocurrency space is said to quite unpredictable, especially when it comes to price fluctuations, If you are looking to invest in whitelabel Binance Clone scripts Development or any other cryptocurrency exchanges, do so with great deliberation and caution to ensure your investment capital remains secure. We are here to bring out the best ever services to help you attain maximum benefits.
If you wanna go with Ico development for fund-raising, then we are ready to make it happen for you in addition. So, don’t hesitate to give us a callback!