The following are the main features of the best crypto exchange.
Wallets
The wallet is a built-in feature that is used to send, store, and receive cryptocurrencies. It has the ability to store all kinds of cryptocurrencies. The private keys are stored in the wallet which gives access to make transactions. To secure the transactions, crypto wallets have security features like 2-factor authentication and OTP verification.
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Order Book
The order book is an electronic list of trade orders. The order book is linked with the exchange’s trade engine to show real-time data. It helps the participants to easily identify the recent transactions of the crypto they’re investing in.
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Trading engine
The trading engine is a necessary feature of a crypto exchange that matches the buy orders with the appropriate sell orders. The trade matching engine gets should be highly scalable in order to operate efficiently and instantly. If a buy price doesn’t match with a sell order, it will wait for some time and automatically match with the respective trade orders.
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User interface
Easy & smooth navigations are very important to increase the user experience of the crypto exchange’s users. If it is difficult, eventually people will leave the application.
Security
There are various security features that prevent the crypto exchange from cyber threats.Â
Domain Name System Security Extension
Web Security Protocol Â
Registry lockÂ
Anti- DDoS module
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To read full article :Â https://blockchainfirm.io/blockchain-exchange-development-company
What are the main features of the best crypto exchange?
in Cryptocurrencies
Posted
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The following are the main features of the best crypto exchange.
Wallets
The wallet is a built-in feature that is used to send, store, and receive cryptocurrencies. It has the ability to store all kinds of cryptocurrencies. The private keys are stored in the wallet which gives access to make transactions. To secure the transactions, crypto wallets have security features like 2-factor authentication and OTP verification.
Â
Order Book
The order book is an electronic list of trade orders. The order book is linked with the exchange’s trade engine to show real-time data. It helps the participants to easily identify the recent transactions of the crypto they’re investing in.
Â
Trading engine
The trading engine is a necessary feature of a crypto exchange that matches the buy orders with the appropriate sell orders. The trade matching engine gets should be highly scalable in order to operate efficiently and instantly. If a buy price doesn’t match with a sell order, it will wait for some time and automatically match with the respective trade orders.
Â
User interface
Easy & smooth navigations are very important to increase the user experience of the crypto exchange’s users. If it is difficult, eventually people will leave the application.
Security
There are various security features that prevent the crypto exchange from cyber threats.Â
Domain Name System Security Extension
Web Security Protocol Â
Registry lockÂ
Anti- DDoS module
Â
To read full article :Â https://blockchainfirm.io/blockchain-exchange-development-company