Did you know that there are currently 569 cryptocurrency exchanges worldwide, as of 2023? And, the number of cryptocurrency users has grown to 420 million globally. It’s interesting to note that 18,000 businesses currently accept crypto payments, according to investing.com and CoinMarketCap.
These statistics highlight the potential profitability for business owners who create a crypto exchange platform. With many opportunities available, it’s worth considering this option in the coming days.
Generally, there are several methods to develop a highly functional trading platform, but one effective approach is to use a well-established platform as a reference model. In this regard, opting for the Kucoin clone script is a wise investment of your hard-earned money. Want to know why? Keep reading…
What is the Kucoin Clone Script?
KuCoin Clone Script is a pre-built crypto exchange software that has all the basic to advanced features and functions of KuCoin exchange. It has everything you need to start your trading platform. Including plugins, an attractive layout, and necessary components that can be customized to your liking.
Most startups prefer this crypto exchange script for its high customization scope. By using this customization option, they can remove/add features, and front-end designs, and change visuals. Also, add more on-demand features based on their unique business requirements.
As it is built with the latest Bootstrap, it is compatible with desktops and any sort of portable device. It provides a user-friendly interface for platform users to have a smooth trading experience. Also, it makes it simple for users to exchange cryptocurrency for fiat currency or the other way around.
In addition, the KuCoin clone script cost starts at $7000 and may vary depending on the features, integrations, and add-ons you choose to include. Besides, your specific business needs and preferences will ultimately determine the final cost.
So, before investing in a script, make a list of all the fundamental to advanced features you want to include. And ask for a free demo to check the features of the script and its working status.
How Does Kucoin Clone Script Work?
Just like other exchanges, KuCoin works similarly to other exchanges, including functioning effectively in both its P2P and centralized exchanges. Here are some step-by-step instructions on how the KuCoin clone script works.
Step 1: Account Activation
The user must create an account by entering their Gmail username and password. A link will be sent to the registered Gmail address for verification. By clicking the verification link, the user can quickly activate an account.
Step 2: KYC Verification
After creating an account, the user must submit any valid government-issued document or any other authorized data for KYC verification. After completing the KYC procedures and two-factor authentication, he or she becomes a verified user and is qualified to freely trade or buy cryptocurrencies and use the built-in wallet.
Note: The KYC verification process can only be done by the platform admin, so the user data will be more secure
Step 3: Cryptocurrency Purchase
The user must upload the bank information to deposit the fiat currencies to buy any cryptos or do conversions. Once fiat money has been successfully deposited, users can choose their desired cryptocurrency and submit their order.
(Note: Users can start buying crypto assets or performing any transactions only after connecting with their bank account)
Related Article: KuCoin Exchange Script to create your platform
Step 4: Trading Cryptocurrency
Users can use the trading engine, charts, and other trading features on the platform to start their trading journey. Once the trade order is placed it will be executed. Also, the purchased cryptos are instantly transferred to their built-in wallet.
Step 5: P2P Exchange
Users can now start trading by posting their requirements or responding to current advertisements. And the transaction between the sellers and buyers gets securely confirmed with escrow services.
Step 6: KuCoin Trading Fees
As a platform owner, you are allowed to charge your users a certain sum as a trading fee for each successful crypto transaction. By doing this, you can quickly reap significant financial gains and make huge revenue.
As it is a pre-designed KuCoin clone script, it aids startups in starting their cryptocurrency exchange business journey right away.
If you are still not sure if this solution is right for your crypto business? Further discussion might help you!
Revenue Streams of the Kucoin Clone Script
Here are a few revenue streams of the Kucoin clone script that crypto startups can implement on their platform. so launching an exchange platform using this effective solution as a startup can increase your revenue in several ways that are listed below.
Charges apply on every trade that takes place on the platform. Maker-taker fees, volume-based prices, and other fees can be added to these costs.
Charges a certain percentage to users who decide to withdraw their money. This may be based on bank-based fiat or hardware wallet-based crypto withdrawals.
The platform charges a certain percentage for listing the cryptos (coins or tokens) so that users can purchase the cryptocurrencies of their choice.
Offers a token sale through a specific Launchpad program, similar to other crypto asset listings. A set fee is collected to process the list of cryptocurrency tokens on the IEO launchpad.
Allows users to borrow crypto in advance for trading operations. Then, the admin imposes a particular fee on borrowed sums.
The platform owner may receive payment from the owner of a third-party advertisement by displaying advertisements through the website interface.
The platform has investment opportunities to expand its services by staking users’ purchased cryptos and depositing money. Also, the admin can provide cryptocurrency lending services in exchange for interest.
These are the fundamental revenue models that you can use with your cryptocurrency exchange platform. To increase your profits, you can also add your own suggested revenue stream to the Kucoin clone script.
However, by consulting with the experts of the cryptocurrency exchange development company you choose, you can add some revenue streams like mining pool services, allowing access to trade history via API, facilitating the VIP privilege service, and more.
Well, let’s see next why this is the solution to start your crypto business with different scenarios, so you can decide if this solution is right for you.
Why Kucoin Clone Script for Crypto Business?
Startups with plans to compete in a highly competitive market can benefit greatly from the Kucoin clone script. It may be more helpful in the following scenarios:
Some trading businesses on the market seem to be operating profitably and flourishing in a specific country or region. You may have plans to operate your crypto trading business locally or elsewhere. At this point, you have this solution, you can use it to launch and run it wherever you like.
The second scenario is that if you are a startup with a tight budget, at the time, you can opt for a ready-made solution instead of the scratch method. This aids in saving money for other aspects of their business. This solution is significantly faster, customizable, and more economical than other approaches.
As you can see, some top crypto exchanges have a larger user base, but their offerings are very low. You might have some innovative ideas or creative suggestions to make the trading business even more popular.
With a well-crafted Kucoin clone script, you can enliven your ideology and launch a highly functional trading platform that will take your business to new heights
Generally, not just a clone script, every cryptocurrency exchange script is not easy to create. It’s not some copy-paste of a top trading platform like KuCoin as you might think. It is subject to certain rights and licenses too. Moreover, this pre-built uses the existing crypto exchange platform KuCoin as a reference with cutting-edge tech stacks, the latest bootstrap, and more technologies.
Hope these scenarios described above explain how the exchange solution can be beneficial for your business. Now you can make an informed decision about choosing the right solution for your crypto trading business. Get the best Kucoin clone script from the finest cryptocurrency exchange development company to build your platform and achieve success that surpasses other top brands in the future.
FAQ – KuCoin Clone Script
Kucoin clone script is a ready-made script that helps the entrepreneur start their cryptocurrency exchange similar to Kucoin.
High Processing Speed
The cost of developing the Kucoin clone varies according to the client’s features and business scope requirements.
Zodeak, being a Cryptocurrency Exchange Development Company provides the best-in-class Kucoin clone development services. We offer exclusive UI/UX, robust trade engine, and Anti-Phishing code, & at an affordable cost.
Disclaimer: We Are Using The Term ” Kucoin ” For The Purpose Of Easy Understanding & Identification. We Are Not Related To ” Kucoin ” , Inc. & Not Doing Any Promotion Activities For Them.