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Build a Crypto Exchange Platform like WazirX: Why?

The popularity of cryptocurrency is unending these days. Crypto trading has evolved itself surprisingly in a short duration of time. A few years ago, only technicians were aware of its practical benefits. Nowadays most people are aware of this tremendous technology and wish to invest in cryptocurrencies.

The day would come soon when the market cap of the crypto market will outperform the entire market cap of various eminent banks in the world. According to various reports published from time to time, it has been pronounced that cryptocurrency has an unbeatable potential to navigate the whole digital market.

Blockchain is the technology that drives the cryptocurrency ecosystem. The cryptocurrency exchange like WazirX is expanding globally and it offers over 40 cryptocurrencies available for trading in all the major countries. WazirX launched a P2P trading platform that allows traders to buy and sell crypto directly from each other. It is the burgeoning popularity of WazirX that has encouraged many people across the globe to build a crypto exchange platform like WazirX.

How does the P2P exchange work?

A P2P exchange platform allows the market participants to come together to trade directly with each other. A peer to peer exchange does not match buy/sell orders. Instead, it matches the participants with complimentary needs. In a P2P exchange, the transactions are carried out by connecting people of similar interests. They process orders on their own and strike a balance over the transactions. There is no third party involvement in the procedure. However, in case of any dispute, the arbitrator comes into the role to redress the dispute.

What is WazirX?

WazirX is a peer to peer cryptocurrency exchange trading platform that allows trading of crypto assets like Bitcoin, Ethereum, Litecoin, and more. WazirX offers advanced trading features and a user-friendly interface. The feature of live open order book system trading of crypto assets is available in WazirX.

Here are some of the salient features of the WazirX exchange that must be considered by those who want to build an crypto exchange like Wazirx.

  • 1. WazirX is an Indian crypto trading platform that uses a real-time open order book system that equals the exchange of cryptocurrencies between buyers and sellers.
  • 2. WazirX has a crypto coin named WRX which can be used by traders for buying or selling other cryptocurrencies.
  • 3. The value of WRX has increased substantially over time just like Bitcoin or other altcoins.
  • 4. WazirX provides the feature for exchanging or selling of USDT (Tether) for INR with other traders. Tether being a stable coin equalizes its value with fiat currencies.
  • 5. The deposit and withdrawal rates provided by WazirX are super amazing with very little input of efforts.
  • 6. WazirX provides a facility of a digital wallet wherein you can store your digital assets with safety and protection.
  • 7. WazirX inherits the bitcoin escrow trading concept and it also regularly invests in the security audits which make it the most secure exchange in India.
  • 8. The KYC verification process takes a limited time but WazirX is further focusing to make it minimal to enhance their service base.
  • 9. The system infrastructure of WazirX can handle millions of trading transactions per second, which makes it a faster trading network tool.
  • 10. There is also a native mobile app for crypto trading named “WazirX App” which enables the traders to trade through their mobile devices.
  • 11. WazirX has presence across all platforms such as web, iOS, and Android with a fast and safe trading experience.
  • 12. The model of WazirX is based on Maker-Taker Model wherein the maker gets a bonus.

Maker — 0.20% bonus

Taker — 0.25% transaction fees

How to develop a crypto exchange platform like WazirX?

To build an exchange platform like WazirX, you need to have a WazirX clone script that portrays all the features of the exchange.

We, at Antier Solutions, have a well-established clone script with all of the required features in terms of safety and security of a P2P platform. Creating a quality exchange platform will give you a head start and you can expect a huge user base and revenue in a short duration of time.

Following are the features that Antier supports for a P2P exchange platform:

  1. Powerful matching engine
  2. Multi-layer security
  3. Instant KYC and AML verification
  4. Smart contract-based escrow system
  5. Self-explanatory interface
  6. Multi-language support
  7. Dispute Management
  8. Preferred trader selection
  9. Payment Gateway Integration

Conclusion

If you are interested to build a crypto exchange platform like WazirX, you are in the right place. Our team will be happy to assist you to build your P2P cryptocurrency exchange software. If you have any questions, please feel free to contact us. Give us a shout on WhatsApp, Telegram, or send an email to info@antiersolutions.com

Written by

White label cryptocurrency exchange development, P2P exchange development, STO development & marketing, coin development, biometric wallet development

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