Decentralized Exchange Script - To create any secure decentralized cryptocurrency exchange website
Decentralized Exchange Script
Decentralized exchange relies on the Decentralized Exchange Script for which traders across the world can trade in a P2P trading platform. In this decentralized exchange, platform trading is processed in an automated fashion to eliminate the need for the middleman. Digging this concept in detail, automation processes like creation & execution of proxy tokens, asset creation, decentralized multi-signature escrow system, payment gateway integration, quick notification, and more are well established in the DEX ecosystem.
We SellBitBuy have well-experienced professionals in our team who bring a change in the decentralized exchange platform by frequently updating to the latest trends & technology in the crypto marketplace. Talking about the crypto exchange platform, it does not depend on a middleman service to hold user’s funds or crypto's.
To make that clear to you, let’s go deep into the topic!
Decentralized Exchange Software
Decentralize exchanges aims to resolve the problem of the data owned in terms of ownership. The participants of the platform take control of their own data with extreme security. This new technology process crypto trading on a distributed ledger. A single point of failures is eliminated in this decentralized exchange.
Table of contents
- What is Decentralized Exchnage Trading Platform?
- Why Decentralized Exchange?
- How does a decentralized exchange(DEX) work?
- 3 popular types of DEX
- White Label Decentralized Exchange Script?
- Decentralized Exchange (DEX) Vs Centralized Exchange (CEX)
- Benefits Of Decentralized Exchange
- Challenges In DEX
- How does DEX platform work?
- Top Decentralized Exchange Platform In 2020
- How to start a DEX trading platform?
- How to choose the right decentralized exchange script?
- Why to buy a ready-made decentralized exchange script from SellBitBuy?
- Features of Decentralized Exchanges
- Why SellBitBuy for DEX Development?
What is a decentralized exchange trading platform?
A decentralized trading platform is simply referred to as an Exchange platform, where trade happens for 24/7. Many of you would have heard about this, but it's my duty to convey it to you, the DEX platform have the capacity to exchange any crypto's like Bitcoin, Litecoin, Ripple & more. One of the notable highlights is the crypto does not rely on a third-party to hold the trader's funds. Trades are purely carried out directly between the users in a (peer-to-peer model).
Why Decentralized Exchange?
Decentralized exchange conducts instant peer-to-peer fast transactions all around the world. It connects the world through the distributed blockchain network. Instead of relying on third-party automatic trades are carried with smart contracts in it. The decentralized exchange acts as an intermediary between buyers & sellers for trading purposes. To understand much better give a glimpse of the topics given below.
How does a decentralized exchange(DEX) work?
Let's look at how decentralized exchange trading platform works,
- Request for buy & sell is sent to the host that order book.
- A transaction fee is noted and participants exchange the price they wish to exchange.
- Then the order book is signed by the parties who are involved in it.
- Once after agreements get signed in, smart contracts automatically execute, and the trade is performed between the two. Cryptocurrencies are transferred to the user's wallet. Every transaction is stored in the blockchain records which offers transparency to the users.
3 Popular types of DEX
- On-chain order books & settlements
It's entirely based on Blockchain services & it protects the user's privacy with security in this form of DEX.
- Off-chain order books with on-chain settlements
As built on the top of the Ethereum blockchain, it process the off-chain orders & the trade entirely happens on this blockchain services. Here, the user takes control over the funds until an exchange happen.
- Smart contract-based reserves
Have a power to connect the buyer & seller even in low liquidity
White Label Decentralized Exchange Script?
White label decentralized exchange script is nothing but a readily available trading script that can be purchased & deployed to your decentralized exchange platform.
It is said to be white label solutions because the script can be customized and used it accordingly to your personal preferences. If you wish to quickly launch your decentralized exchange platform then you can make a purchase of it.
Benefits of white label decentralized exchange
- No single point of failure
- Complete control over funds
- Enhanced security
- Safe from hack threats
Decentralized Exchange (DEX) Vs Centralized Exchange (CEX)
- No service fees in the decentralized exchanges unlike the centralized exchanges
- Direct trade happens in between the participants of the DEX platform as there is no third-party involvement.
- Extreme honesty & safety in DEX as the personal wallets are monitored by the owners.
- No need to reveal your identity apart from the transfers
- The user solely controls the entire funds.
- The Independent functioning of DEX does not have government intervention.
- Since the network operates in a distributed fashion there are less chances of hacking the decentralized exchange platform.
- No withdrawal limit
Benefits Of Decentralized Exchange
Obvious benefits of DEX platform over the centralized exchange are
- Gets rid of the trustless nature, as previously said the funds are on your own wallet there is extreme security, transparency, and trust.
- Extreme privacy
- The identity of the buyer & seller is not revealed
- Distributed Hosting
- No server downtime
- No risk
- Easy to use
- High liquidity
Challenges In DEX
Decentralized exchanges face some common pitfalls and off course there is no exception in this case
- Trading features like margin trading, lending are unavailable in some exchanges
- Exchanges like Bisq requires traders to be on online when their trade takes place.
- Speed & Efficiency
Being a skilled professional in handling the challenges our team overcomes the problems faced by the DEX trading platform
How does the DEX platform work?
The four core mandatory functions of any crypto exchange platform are
- Capital deposits
- Order books
- Order matching
- Asset exchange
The decentralized exchange platforms run with the help of smart contracts. A smart contract is a form of agreement between buyer and seller where the trading principles are written into a set of lines of code.
In decentralized exchange platforms, If someone is looking to buy crypto they can invest their cash into an exchange platform and later it can be purchased in the form of cryptos.
In this way, the direct buyer-seller relationship is established without the need for a government/centralized authority person this significantly reduces the fees.
In this process, traders don't have to wait until the admin approves his/her request because there will be no admin for a decentralized exchange platform.
Source: Blockchain WTF
Top 10 Decentralized Exchange Platform In 2020
- Binance DEX
- Vite DEX
- Open Ledger
- Waves DEX
- Bancor DEX
How to start a DEX trading platform?
Just follow the basic steps as mentioned below, thereby you will get a clear cut idea about how to start a DEX like trading website
- Approach the best developer team who is an expert in coding & blockchain to build an advanced decentralized exchange website.
- Purchase ready-made decentralized crypto exchange software package from our leading cryptocurrency development companies.
How to choose the right decentralized exchange script?
Following this quick guide can help to choose the right decentralized exchange script & they are,
- Easy to register
- Multiple crypto pairing
- Trader control funds
- Hardware wallet integration
- Proven Trustworthiness & privacy
- Affordable to use
- Customization & integration
- Easy to use
- Mobile friendly
Why to buy a ready-made decentralized exchange script from SellBitBuy?
Sellbitbuy - Top-notch cryptocurrency exchange development service provider offers a decentralized exchange website to our customers across the globe, we have more than 5+ years of experience in this field. We offer a ready-made decentralized trading script to start a decentralized exchange platform. White Label Dex solutions from us offer on eye-catch customizations for starting a ready-to-launch trading platform like DEX in 7 days
Exclusive platform functionality includes
- Flexible monetization options
- Customizable UI features
- Ready-made cryptocurrency trading platform
- High performance
- 100+ transactions per second
- Adanced security & Encryption
Features of Decentralized Exchanges
Exclusive features from SellBitBuy
- Concerning the importance of the Dex trading platform, we include exclusive features like
- KYC and AML verification
- Customize a smart contract
- Multi-signature wallet
- Automatic swap
- Order book matching engine
- Session expiry with user re-login
- Liquidity & API integration
- Hardware Wallet Integration
- Traders Control funds
- Trustworthy services & enhanced security
- Multiple crypto pairing
- Process complex trades
- Stunning fee structure
- Excellent UI/UX designs
Why SellBitBuy for Decentralized Exchange Development?
- Bug-free decentralized exchange script
- 24X7 customer support
- Innovative ideas implementation.
- Assured security is offered
- Experts in building decentralized exchange platforms
- Customized platform development solutions
- Skillful & talented professionals
- Client requirements are well-considered
- On-time project delivery
- Good technical support
DEX - Live Demo
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