Entering the world of crypto trading is daunting. There are many exchanges available. Do you want to know about an exchange that plays an important role in the crypto sphere?
It's none other than OTC (Over-the-Counter) exchanges that have emerged as popular alternative trading platforms. Have a look below to learn more about the OTC Exchange Script.
Launch your own OTC Platform with our bug-free script. From custom solutions to robust security features, we'll help you create a seamless OTC trading experience.
Take the first step towards success today!
What is an OTC Exchange Script?
OTC Exchange Script is pre-developed software that helps launch your exchange platform, replicating the features and functionalities of the OTC Exchange platform. OTC is abbreviated as Over-the-Counter trading and it is also called off-Exchange Trading.
Transactions like selling, buying & trading cryptocurrencies (Crypto exchange) between two parties without any intermediary are OTC exchanges & occur in a secured environment.
You can easily launch an OTC Exchange Platform using our OTC Exchange Script.
So, Get Started Today.
Key Features of the OTC Exchange Script?
Scalability: OTC Exchange Script can manage several cryptocurrencies, has a straightforward API layer interface with other parties, ultra-modern architecture, and enhanced capabilities.
Ease for Business: OTC Exchange Script fulfills business needs with automatic IP detection to display local crypto ads, know your customer (KYC) users, trace funds, transaction reports, MIS reports, etc.
Usability: For a seamless trading experience, usability is a must, like the intuitive dashboard, market depth chart, trade charts, user-friendly navigation and trading process, and also custom themes by the UI/UX professionals.
Multi-Layered Security: Security in the OTC Exchange Script includes two-factor authentication, an automatic provisional wallet, a dedicated wallet, and a decentralized ledger for added security for your business endeavors.
Multi-layered security such as XSS, CSRF, DDoS, DoS & SSRF. Google authentication, Recovery keys, Anti-phishing code, and KYC/AML are the secure options in addition.
Configurable: The platform is highly configurable with user access control, managing platforms with the admin console, the provision of multiple cryptocurrencies, and the configuration and utilization of commissions with smart contracts.
User-Friendly Mining: The most important feature to be noted is user-friendly mining. Cloud-based mining ensures that miners don't need expensive devices to mine cryptocurrency backed by gold or money.
Flexible Transactions: By attracting a user base to your platforms, users can trade flexibly and seamlessly. Flexible transactions attract a larger user base.
Multicurrency Wallet: Users can select the desired network during deposit & withdrawal. The multicurrency wallet will support all the tokens & coins.
How Does the OTC Crypto Exchange Script Work?
Step 1: Account Registration
The first step is to sign up for the account with your Gmail ID. The verification link will be sent via Gmail by touching it you can successfully log in to your account.
Step 2: KYC Verification
After successful registration, KYC documentation verification such as government-issued ID, Income proof, and other required documents will take place. Enter all your details and verify them. KYC verification is done to avoid fraudulence, through the original documents all the users are completely verified.
Step 3: Deposit Funds
Now, the admin allows you to trade your crypto assets. Users need to deposit the money which is a fixed fiat amount into their account on the deposit page on the OTC desk.
Step 4: Admin Confirmation
In the OTC Exchange platform, the admin is only the decision authority. Whether you have decided to buy/sell the digital asset, after the confirmation of the admin the trade will execute based on the price fixed by an admin.
Step 5: Trade Execution
Whether you decide to buy 6 bitcoins the admin will fix the price of 1 bitcoin, and then the user will be satisfied with the price, A confirmation link will be sent through the mail. By clicking the link and following the instructions given to execute the process (buy/sell crypto assets). The funds will be transferred now.
Step 6: Transfer of Assets
Once the administrator receives the transactions, the bitcoin will transfer to the user's crypto wallet, and the trade will execute successfully.
Use Cases of OTC Crypto Exchange Script:
Commodities Trading: In this, the commodities can be changed to cryptocurrencies and traded on the OTC Exchange Platform.
Peer-to-peer Trading: Trading between two parties without intermediaries. It provides safe and secure transactions for individuals to exchange cryptocurrencies.
Liquidity: Enhance market liquidity by offering a platform where buyers & sellers can easily match orders and execute trades, contributing to a more vibrant and active cryptocurrency ecosystem.
E-Commerce: Integrate cryptocurrency payments into e-commerce platforms, giving more options to users to pay digital currencies online without third-party involvement.
Institutional Trading: This is an option for Institutional Investors, to execute significant transactions without affecting crypto market prices.
High-Net-Worth Individuals: Individuals use this platform to obtain crypto holdings or liquidate specific cryptocurrencies.
Token Sales: It facilitates token sales and initial coin offerings (ICOs) by providing a platform for issuers to list & distribute their digital assets to investors, enabling seamless fundraising and token distribution processes.
Price Arbitrage: By giving users access to real-time market data and execution capabilities, it enables traders to take advantage of price differences between multiple cryptocurrency exchanges and create arbitrage possibilities for financial gain.
Custody Solutions: OTC Exchange Script offers Custody Solutions for storing and managing digital assets, providing trust for our clients.
Revenue Generation: This is a great opportunity to generate revenue through transaction fees, listing fees, premium services, and other monetization strategies if the exchange owner has a large number of users who buy and sell cryptocurrencies and tokens.
Why Should You Start an OTC Crypto Exchange?
Starting an OTC Crypto Exchange has several benefits:
- It caters to institutional investors and high-net-worth individuals who prefer large-volume trades off the public order books for privacy and price stability.
- It provides a personalized and secure trading experience to create trust among clients.
- OTC trading often commands higher fees, leading to increased revenue potential.
- Additionally, it enhances market liquidity by facilitating large trades without any significant price fluctuations.
- Finally, it is good to launch your own OTC platform, which provides lucrative opportunities for revenue growth and market expansion.
How Much Does it Cost to Develop an OTC Exchange?
Cost to develop an OTC Exchange from scratch would be between $80,000 and $1,000,000 while developing an OTC Exchange using our script costs range between $15000 and $18000. The amount will vary based on the requirements. Develop your own OTC exchange based on your needs and requirements like advanced functionalities and features, the cost will be charged based on it.
Why Choose WeAlwin for OTC Crypto Exchange Script?
Looking to launch your own OTC Exchange platform and step into the realm of cryptocurrency trading?
WeAlwin Technologies is a leading OTC Crypto Exchange Development Company with over 7 years of experience in the Blockchain Industry and a track record of 350+ successful projects delivered.
Leverage our expertise, industry knowledge, and dedication to turn your vision into reality. Our Crypto Exchange Script is designed to be affordable and efficient, allowing you to bring your blockchain dream to life with ease.
Trust our team to guide you through the entire process, from development to deployment, and beyond.
4.2 Out of 5
