A crypto trading platform is a type of marketplace where pro & novice traders can trade crypto for financial gaining & earning profit. Not all platforms are the same. However, all of them come with numerous features that make the platforms functional, secure & intuitive. In this article, we will discuss the top 5 significant features of the best crypto trading platforms. Let's get started.
1. User authorization & verification
User authorization is one of the very crucial steps for crypto trading. It offers an interactive & seamless onboarding experience. On the other hand, user verification allows a cryptocurrency application to reduce the risk of fraud cases & keep the transparency of crypto transactions maintained. According to the experts, for the ultimate user safety & data security, the crypto app must be integrated with anti-bot verification & two-factor authentication. All of these will make your app a safer platform for an unparalleled crypto trading experience.
2. User interface
Technically speaking, a user interface isn't considered a feature, but it combines a number of components that make your crypto platform unique and uninterrupted. Everyone knows that a user interface is the face of any platform, so it must be clear, user-friendly & simple. An intuitive crypto UI always ensures that all transactions are efficiently executed & overall trading time is reduced. The entire dashboard must offer easy access to smart features like order management, fund withdrawals, order history, market monitoring, order making & canceling, statistics, deposits, & much more.
3. The trade engine
As the core of a crypto platform, the trading engine discovers & connects traders. This is absolutely an important feature that highly influences the performance & speed of any crypto exchange. A trading engine mainly handles:
• Calculation balancing
• Execution of transactions
• Buying & selling transactions
• Order book accessing
Apart from that, the trade engine also manages the information about commission & price, represents the transaction possibilities, makes schedules & more.
However, on a crypto platform, engine development can be challenging. Integrating Blockchain technology helps to speed up the quality of a trade engine.
4. Wallet
A Crypto wallet is a very important feature that allows several functionalities such as sending, storing & receiving virtual currencies. There are mainly two types of crypto wallets- hot wallet & cold wallet. The hot wallet is directly connected to the internet & it allows you to transfer money. On the other hand, a cold wallet is a backup & no internet is required for this. A wallet must include:
• Multi wallet functionality for supporting several transactions
• Integration with payment gateways & leading banks
• Users must be able to deposit & withdraw their amounts through QR codes, email, etc
5. Analytics
Last but not the least, analytics is a crucial feature that attracts crypto traders. Pro traders use many analytical tools to understand the concept of decision making & build new market strategies. Basically, the analytics feature offers additional information & real-time data on recent market trends. There are several analytical indicators by which the traders make their strategies such as relative strength index, moving average, etc.
Wrapping up
The cryptocurrency market is comparatively new & it comes with thousands of scopes & opportunities. Making a crypto exchange is a unique business idea if it is properly executed. However, as this is a new platform, try to rely on the best crypto trading platforms like Wisebitcoin for a secure & top-notch trading experience. As the most promising company, they offer the best crypto exchange for novice & experienced traders. The company is fully committed to its user protection with industry-leading technical measures and industry protocols.
With Wisebitcoin, your data transactions will be highly secured through end-to-end encryption. They are also committed to achieving the highest standards for regulatory compliance to develop a sustainable path for blockchain technology.
