Blockchain

Kraken Clone Script to Set up a Crypto Exchange Like Kraken in 7 Days

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Kraken is a large cryptocurrency exchange based in San Francisco that has offices all around the world. It allows users to buy, sell, and swap a variety of cryptocurrencies, including market leaders Bitcoin and Ethereum. 

The main Kraken site is the simplest spot for novice crypto investors to get started in the Kraken ecosystem, while more experienced traders may favor the lower-cost active trading platform Kraken Pro, which also has more powerful features built in. Coin staking may be used by both beginners and expert users to earn interest. Kraken is likely to be able to meet your bitcoin demands because of its mix of platforms and services.

If you are a fan of kraken, and thinking about starting a crypto exchange of your own, look no further than our kraken clone script.

Kraken Clone Script

The Kraken clone script is a cryptocurrency exchange that allows users to buy, sell, and swap a variety of cryptocurrencies, including market leaders Bitcoin and Ethereum. The Kraken clone provides customers with margin accounts and futures trading, riskier products beneficial for particular trading techniques, in addition to buying and selling bitcoin at market prices.

Simply put, it is a centralized exchange that may be accessed over the internet. It allows eligible customers to access margin, stop orders, and crypto short sales. It also allows you to stake coins to earn interest if you leave them in your account undisturbed.

To set up a basic account, you'll need to provide information, such as your name, date of birth, and address. You need to be over 18 and live in a supported area.

Why to Start a Crypto Exchange Like Kraken?

Cryptocurrency trading is drawing more people and businesses than ever before because the potential profits can far exceed those of traditional financial assets. As the sector grows into this fascinating and profitable new realm, this trend is expected to continue.

The tremendous increase in the crypto exchange sector, and some of the major exchanges reporting millions of dollars in income,show that there is no better time than now to profit from this upward trend. The kraken clone script is perfect for this because it can be deployed immediately and additional features can be added at a moment’s notice.

How to Start a Crypto Exchange Like Kraken?

There are two ways to start a crypto exchange like Kraken. The first method is to develop all the code in-house, which is difficult and time-consuming. The second method is using white label software, which is a lot easier and hassle-free, and then modifying it to better suit your needs. Our Kraken clone is white-label software. It is 100% customizable, bug-free, and can be deployed instantly.

The Kraken clone script offers two platforms, each designed with a different user base in mind.

Kraken Clone Platform

For newbies, the main platform is the best place to start. You can buy cryptocurrencies instantaneously from a connected bank account with a verified account, and selling or converting between currencies in your account is just as straightforward.

Once you've created an account and logged in, it just takes a few seconds to place an order using a simple form.

Using this method, you may buy cryptocurrencies with your bank account balance. Your account does not need to be funded first.

In addition to purchasing and trading, you may stake your crypto and earn up to 23 percent interest, depending on the currency. To keep your account safe, enable two-factor authentication (2FA). This stops anybody from entering into your account without your device and a randomly generated code.

Kraken Clone Pro Platform

The Pro platform is a real-time trading platform that can be used on your computer or smartphone. While the UI may be intimidating to newcomers to crypto and trading, it may be worthwhile to understand. It has more extensive asset information, such as current charts and an overview of open orders.

The Pro platform is available to everyone who has an active account on the main platform. Lower costs may be more significant than the sophisticated interface. When you use Kraken Pro instead of Kraken to make a transaction, you'll pay less than if you use the main platform for the same transaction.

The Kraken Clone Has Three Levels of Verification:

Starter: You can deposit, exchange, and withdraw bitcoins with this basic account, but you can't do much else. You can't withdraw or deposit fiat currencies, so if you want to convert dollars to cryptocurrency, you'll need to upgrade.

Intermediate: You'll need a valid picture ID (such as a passport or driver's license), proof of address (such as a utility bill), and your Social Security number or ITIN to upgrade to an Intermediate or Pro account. You'll be able to deposit fiat and trade Kraken futures after you've upgraded.

Pro: The Pro level grants access to the anonymous "dark" trading pool and over-the-counter desk, as well as larger account limits. Large orders are processed through the desk without triggering price disruptions on the main exchange.

Kraken Clone App

The Kraken clone comes with both Android and iOS applications, which can be installed from the respective app stores. The normal and pro platforms have separate applications, with the UI being tweaked to better suit the users of the different platforms.

Features of the mobile application are

Buy with your payment card or ACH online banking
Monitor prices and track your portfolio
Sort by top winners or losers
Save your favorite cryptos
Beautiful, intuitive design

The pro version of the application provides additional features, such as

Professional trading experience, designed for power users
Margin trading with up to 5x leverage, if eligible
Advanced order types
Multiple charting and order book display options
Deposits and withdrawals for existing crypto and cash addresses 
Stake and un stake cryptocurrencies 
To use these apps, simply login using your existing account name and password. You may also sign in with an API key, but this option may not give you access to all of the app's features.

Top Perks of Our Kraken Clone

Security

The original Kraken platform is famous for its security, as it has never been hacked. Our clone script is no different. The Kraken clone incorporates cutting-edge security features, which includes

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

Wide Range of cryptocurrencies

The Kraken offers around 60 cryptocurrencies and accepts seven different fiat currencies. Although this isn't the largest digital currency assortment available, it is comparable to some of the top cryptocurrency exchanges. Our clone script can take this further, capable of supporting hundreds of crypto and fiat currencies. It's a big step up from many brokers that only offer a handful of well-known coins. 

Advanced trading features

Following the footsteps of Kraken, our clone script is one of the few exchanges that support leveraged trading, stop orders, and cryptocurrency short sales. It also features a dark pool, which allows high-volume investors to trade anonymously. Kraken offers you to leverage a currency pair up to 5x and provides qualifying pro clients with up to $500,000 in margin. 
Assume you put $100 into Ethereum. You choose to utilize the 5x margin. If the value of Ethereum rises, your profits will be multiplied by 5. However, if Ethereum falls in value, your losses will be doubled. 

Some other features worth mentioning are

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
Staking
Market Making
Liquidity API
Futures trading
Margin Trading
Cryptocurrency Wallet integration
IEO Integrated Module
Third-Party API integration
White Labeling Services

How Does a Kraken Clone Script Work?

The Kraken clone software works exactly like the original Kraken exchange. Although all aspects of the clone script can be modified, this is how things work out of the box:

Firstly, the user has to register and create an account in your Kraken clone exchange by using an mail id. Then the user goes through a verification process, after which the registration is completed.

Now the user can sign in using their credentials. After signing in, the user needs to go through a KYC verification process. Once the admin approves the user, they can begin trading on the platform.

To begin trading, the user must first deposit some amount of fiat money in the account and link their bank account or credit/debit card for deposit and withdrawal.

The user can choose any type of trading and trade accordingly in crypto coins or fiat currency.

Once any trade is completed, the cryptocurrency will be automatically transferred to the intended receiver's crypto wallet from that of the sender.

For every successful crypto transaction, the admins of the exchange can collect a certain amount of money as a commission fee.

Business Benefits of Using White Label Kraken Clone Software

You can yield many benefits by using the best Kraken clone script. Such as

  • The degree of customization is high, so you may change the theme, style, color, name, logo, and other add-ons to match your business thoughts.
  • Cost-effective
  • It has built-in security safeguards as well as premium trading tools.
  • Saves time
  • Crypto transactions can be completed swiftly and securely by your users.
  • High ROI in a short length of time
  • As an exchange administrator, you may easily control all features, transactions, security elements, and other activities, and stay on top of how things are progressing.
  • rapid deployment
  • It has a cutting-edge admin and user dashboard.
  • Our premium Kraken clone script software is entirely built and crafted with the most recent technological stacks.
  • You don't need any technical knowledge to deploy the platform
  • High scalability

Cost of a Kraken Clone Script

The most frequent query among entrepreneurs is “what is the cost of Kraken Clone Script?” The cost of our Kraken clone script starts at $5k. The basic Kraken clone script is available at an affordable price with many business-specific features, but the price may vary depending on the number and complexity of the additional features requested by clients. If you look at the cost of launching a crypto exchange like Kraken from scratch, it cost around $150K. Due to this reason many startups & entrepreneurs prefer the Kraken clone script to launch their cryptocurrency exchange like Kraken.

Who are we?

Clarisco Solutions is a top white label crypto exchange software development company in the blockchain industry. We have numerous years of experience providing flawless blockchain-related services. We have completed over 100 projects on schedule and under budget. Our blockchain techies will create the best Kraken clone platform for you, complete with technical and customer support.

Get in touch with our team of blockchain professionals right now to create a magnificent Kraken Clone Platform!!

Book a Free Demo of Kraken Clone Script

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