Binance Clone Script (Workflow + Outstanding Features)
About Binance Clone Script
Binance clone script is referred to as the application which has the features and functionalities of Binance itself, and it is designed and built for those who are looking for an exchange to win just like the famous exchange platform, Binance. In this article, we are going to discuss the benefits, features, and workflow of the mentioned clone script. Why should people choose the clone script? Here are the reasons that answer this question.
Business Benefits of Binance Clone Script
• Saves Time: Creating a crypto exchange from square one can be overwhelming and it might take a long period of time. But buying the Binance clone will save you more time.
• Cost-effective: Most clone scripts on the market have complete customization, and the clients can have the clone script at a price that is incomparable to the price they need to pay for building it from the scratch.
• End-To-End Customization: The clone scripts are 100% customizable and you can make the exchange you want more unique based on your needs and also the intentions you have for your exchange platform.
• Faster Transaction: Most Binance clones are known for their high TPS ratio, and with this feature, even larger transactions are completed within a second.
• Feature-Packed: The Binance-like exchange platform is feature-packed that has several trading options for pro, intermediate, and even beginner-level traders.
• In this part of the article I am going to explain how the clone script works in some simple steps.
• Registration: Once a user enters the crypto exchange platform, he/she needs to click the register button and enter a valid email address and password which is unique and available.
• Verify & Signing: After Signing up, the platform sends a verification email is sent. When the user verifies the mail, the account will be activated instantly for further actions.
• Secure Authentication: When the account is created, the user needs to secure their account via KYC and two-factor authentication, which will be explained later on.
• Deposit Crypto Funds: Once all the above is done, the user can deposit fiat or more than 1000+ cryptocurrencies including BTC, ETH, and more.,
• Start Trading: After the successful deposit, the exchange platform allows users/traders to choose the desired trade pairs and start trading.
As you might know, in order to have and buy the clone script you need to hire a company to make the one clone script that is based on your desires. But how do they do that? What are the levels and what is the procedure? Here we are going to discuss this issue.
The company organizes some sessions to discuss your needs, such as the type of exchange, target location, and audience that you are planning to run for a long or short time. When they have received the required information, they make a plan for applying the ideas that you have told them on the clone script, and they come up with the best solution. After all that, they decide to create a design that specialization in UI/UX design. The team also integrates modern tools to create a unique exchange platform.
When all the above is complete, they decide on the technical workflows which include incorporating payment methods, escrow, wallet integrations, security features, and more. After that, the platform is built and here they test it to make sure that it has no bugs or errors. When no bugs were detected, the platform is deployed on the preferred blockchain, and future support is provided as well.
The features that the clone script offers for the Admin are as followed:
• User Account Details: The admin panel which is crafted along with the clone script, allows the admin to monitor the user information and their trades.
• Add Cryptos & Tokens: Since the admin is the owner of the Exchange platform, he/she can add their own cryptocurrencies or tokens, or enhance their funds in a cost-effective manner.
• Transaction History: The admin dashboard comes with a smoother interface that assists the owner of the exchange platform to monitor all the user’s transactions, withdrawal history, pending transactions, deposit history, crypto wallet funds, and more.,
• Trading Fee Set-up: The admin can set up a fee for users for each transaction and trading, in order to cover the cost of transactions to the exchange platform.
• Payment Gateway Info: All the information on the crypto payment gateway transactions can be seen by the admin.
• KYC & AML Verification: The admin of our crypto exchange can verify the KYC and AML of each user to prevent fraudulent activities.
The features that the clone script offers for Users are as followed:
• Deposit Fiat / Crypto: This feature helps users in depositing their fiat currencies and cryptocurrencies with a user-centric dashboard.
• Transaction History: Users can monitor all their transactions such as deposits history, and withdrawal history on both cryptos and fiat.
• Crypto Wallet Access: The clone script provides a highly reliable crypto wallet with function-rich security mechanisms.
• Track Buy/Sell orders: Users of the exchange can easily track the buy and sell orders with the integration of a user-friendly tracking chart.
• Instant Buy / Sell Crypto: This feature allows users to buy and sell cryptocurrencies as fast as possible.
• Refer & Earn Option: By bringing more users to the platform users can utilize the referral program.
Security Features of Binance Clone Script:
• KYC & AML Verification: Automated KYC and Anti-Money-Laundering (AML) verification reduces the time constraints of the users.
• Two-Factor Authentication: Through the Two-Factor Authenticated transactions, the Binance Clone Script offers high security.
• CSRF Protection: It is designed to protect the developed applications from unintended click attacks which can cause considerable damage.
• Distributes Denial of Service: The Binance Clone Script offers DDoS which prevents the platform from intruders.
• Cloudflare Integration: This feature improves the overall performance of the application and network
• Time-Locked Transactions: This Time-locking mechanism which is included in most clone scripts prevents the user’s digital trading assets from various hacking and other fraudulent activities. This is done by executing the transaction at a specific time frame.