Starting a crypto exchange is still a dream for many aspiring blockchain entrepreneurs. Blockchain technology has never failed to inspire us to create new business applications. Starting a cryptocurrency exchange is one of the most popular and profitable ventures today. Many entrepreneurs would like to launch a crypto exchange like poloniex because it is one of the most popular. Using a poloniex clone script to build a crypto exchange like poloniex is a viable option. In this post, we will go through the factors that we should be aware of before implementing this function. Let's get going! Fasten your seatbelts!
What is Poloniex?
Poloniex is a renowned cryptocurrency exchange that many crypto traders use to exchange cryptocurrencies for fiat money and vice versa. The underlying blockchain technology has enabled the cryptocurrency trading platform to conduct safe and resilient crypto transactions. As a prominent crypto exchange platform, not only do crypto traders appreciate it, but crypto entrepreneurs also want to create their own crypto exchange like poloniex.
Poloniex Clone script
A poloniex clone script is a white label software that has all the features and functionalities of the original software, but can be purchased and customized by a company from a service provider and branded as its own. There are several advantages to this, such as rapid development and deployment, cheap prices and bug free software.
Key Features of Poloniex Clone Script
Our Poloniex clone is a centralized cryptocurrency exchange that caters to both professional and inexperienced cryptocurrency traders. It provides a variety of crypto marketplaces, complex trade kinds, margin trading, and crypto loans, making it a suitable venue for traders of different backgrounds.
The key features of the exchange include:
- The clone is capable of handling Bitcoin (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP),tron (TRX), eos (EOS), monero (XMR), and hundreds of other cryptocurrencies for trading.
- Trading on margin. Aside from spot trading, low fee margin transactions with up to 2.5x leverage are also possible.
- Similar to the original, the Poloniex clone offers margin loans. You may generate passive income by lending your crypto assets at a profit.
- Poloni DEX and IEO launchpad are also available. Invest in the hottest new crypto projects and utilize Poloni DEX, Poloniex's decentralized alternative.
- Sign up and trade within minutes.Poloniex does not require you to go through KYC (know your customer) procedures, so you may join up with your email address and start trading right away. If you don't have any cryptocurrencies yet, you can acquire some with fiat utilizing its Simplex connection, albeit this will necessitate identification verification.
Security
Security is always the primary concern of investors and service providers alike. Our team recognises the importance of security and has worked tirelessly to provide the following security features
- Protection against DoS and DDoS attacks.
- Cryptographic signatures-based DNS cache protection.
- Strong security against web attacks like robot infiltration.
- Most of the Poloniex user funds are stored in cold wallets.
- Role accounts to protect users private information
- Registry lock to prevent unauthorized changes to the website.
- Two-factor authentication.
- Session log history.
- Email confirmations and IP lockouts.
Usability
Our Poloniex clone performs admirably in terms of exchange usability. The variety of screens, windows, and boxes available may first perplex a less experienced trader. A skilled trader, on the other hand, may enjoy the freedom and power in how they conduct their crypto trading, whether it be spot, margin trades, lending, or engaging in crypto project crowdfunding.
In our humble opinion, our Poloniex clone is one of the easiest exchanges for trading.
- You may deposit cryptocurrencies after joining up using your email address in the "Wallet" area, where you can manage all of your assets. With a few simple clicks, you may simply fund your exchange or loan accounts using the "Transfer Balances" option.
- If you don't have any cryptocurrencies, The Clone provides an alternative: you may buy cryptocurrency directly with your credit or debit card utilizing its Simplex interface.
- The cryptocurrency exchange has a sleek design and a straightforward user interface. Though it may not be the most user-friendly alternative for a total novice, it should not be a problem if you're a quick learner because each window is properly labeled and positioned.
- The Poloniex clone's chart for the specific order book is the first thing you'll notice. It is powered by TradingView, so you may personalise it with your own indicators and other analytical tools.
- The "Markets" dashboard may be found on the right side of the screen, where you can choose the cryptocurrency pair that interests you.
- The “Notices” box informs you about the latest developments concerning Poloniex exchange, as well as your account.
- There are three order placement windows: one for purchasing, one for putting stop-limit orders, and one for selling. You may also view buy and sell order books, a market depth chart, open orders, and trading history. If you want some company, the Trollbox is a place where you may communicate with other traders.
- The margin trading dashboard resembles the spot trading window in appearance. The sole distinction between the "Margin Account" summary table on the right side of the screen and the open positions summary below it is the "Margin Account" summary table on the right side of the screen.
- You will also discover a nice and uncomplicated layout in the margin lending area. The Poloniex clone now offers multiple crypto assets for loan. The most recent markets and loan offers may be seen here. Alternatively, you may make an offer that includes your desired interest rate and terms.
- These activities are simple to carry out; all that is required is for the user to move crypto from their exchange accounts to their margin or lending accounts.the Poloniex clone's screens and pages, which feature a simple, white-background design, also contribute to this.
- Similarly, completion of trades and withdrawals is fairly quick, with the exchange stating that withdrawals will take no more than 24 hours at the very latest. That said, some customers have complained that, during peak trading periods, they can wait a while for a response from customer support.
Mobile App
Although you may use your mobile phone browser to surf the Poloniex website, you can also utilize one of the Poloniex clone’s applications for Android or iOS smartphones. It's an excellent alternative for spot trading, account management, alert creation, and crypto financial management when you're not at your computer.
LaunchBase
The Poloniex clone’s LaunchBase is also available to IEO fans. You can find some of the newest IEO projects entering the cryptoverse here, and you may invest in them right away. Remember that to participate in the IEO, the user must be a confirmed client.
Decentralized Exchange
The DEX is a fork of the Poloniex clone exchange that is decentralized. Despite the fact that it is not the same as Poloniex, the two exchanges have been designed to work closely together. It iis a TRON-based exchange similar to Poloniex DEX. The major advantage is that it has no trading costs (0 percent every trade), as well as a sleek design and a seamless user experience.
Customer Support
We also provide customer support 24/7. Our services are reachable via the following channels:
Support ticket system via the help center
Extensive FAQ knowledge base
Trollbox
Twitter and other social media channels.
Deposit and Withdrawal Methods
The Poloniex clone allows trading only in cryptocurrency so customers have to make crypto deposits and withdrawals. This process is straightforward: the Deposit & Withdrawals page provides consumers with wallet addresses for any cryptocurrency they choose to deposit, as well as the option to enter their own external crypto wallet address for any currency they wish to withdraw.
The Poloniex clone does not accept fiat deposits, but the exchange's connection with the crypto payments processor Simplex allows you to buy bitcoin and other cryptocurrencies using your credit or debit card.
Deposits and withdrawals are processed quickly and without long delays.
Conclusion
The Poloniex exchange platform has had a difficult few years, but it appears that it is finally poised to stabilize and reclaim its user base. Now is the perfect time to start an exchange platform and take advantage of the momentum generated by Poloniex.Our Poloniex clone platform provides margin trading, margin borrowing, a decentralized exchange, and a launchpad for IEO tokens, and the capability to add more features in the future as per your needs. This makes it the perfect choice for smart investors.
