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Coinbase is a popular cryptocurrency exchange platform that allows users to buy, sell, and trade various cryptocurrencies like Bitcoin, Ethereum, and others. A Coinbase clone script is a software solution that replicates the features and functionalities of the Coinbase platform.
User registration and verification process
Cryptocurrency wallet integration
Buy, sell and trade cryptocurrencies
Order book and trading chart
Payment gateway integration
KYC and AML compliance
Multi-factor authentication
Admin dashboard to manage users, transactions, and fees
User registration and verification process:
Users should be create an account and open new accounts on the platform for the exchange. Another essential part that ensures the users' eligibility and identity is KYC/AML verification.
Cryptocurrency wallet integration:
To enable the user to store and manage their bitcoin holdings, the site should integrate with wallets. In addition to supporting numerous cryptocurrencies, the wallet ought to be safe and simple to use.
Buy, sell and trade cryptocurrencies:
Using a cryptocurrency like Bitcoin to buy or sell another cryptocurrency like Ethereum while using a cryptocurrency exchange is the essence of buying and selling digital cryptocurrencies. To carry out a crypto-to-crypto exchange or to exchange one cryptocurrency for another or to convert one form of currency into another, the process entails looking for a cryptocurrency pair. In order to complete an exchange cycle and profit from the exchange, the transaction is done twice and in the opposite directions.
Order book and trading chart:
A market's active trading orders are listed in an order book. Every market on every exchange maintains a separate order book that consists of unique buy and sell orders. The majority of the orders in the order book reflect the trader's honest intentions. Complete order book transparency is not without its drawbacks, however, as large-sum orders have a tendency to alienate traders and have a detrimental impact on the market simply by being present in the order book.