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How To Build a Crypto Exchange Like WazirX?

The cryptocurrency market is flourishing in India at a rapid pace. It has been estimated that there are over 15 to 20 million crypto investors in India.

Observing the tremendous growth of cryptocurrencies, the Indian market is spurring up with numerous crypto exchange platforms. One of the leading P2P crypto exchange platforms in India is WazirX.

Credit to its top-notch security features, powerful trading machine and user-friendly interface, it has become the most trusted crypto exchange platform in India. The growth of WazirX is evident from the fact that it continued to grow even during the pandemic. During the Covid pandemic, WazirX reported a growth rate of 160%.

As the crypto market is growing, more and more entrepreneurs are looking forward to develop a P2P exchange like WazirX. A highly stable, feature-rich and proficient platform like WazirX is a profitable business venture to start.

The best way for WazirX clone app development is through WazirX Clone Script. Let us understand what is WazirX Clone Script and what features you must integrate into your exchange platform.

What Is WazirX Clone Script?

WazirX Clone Script is a ready-to-launch white-label website script or software embedded with features similar to WazirX. It is a customizable software where you can configure the features and tools as per your business needs.

Using the script, you can instantly build a WazirX clone app or platform and launch it in the market.

Key Features Of WazirX Crypto Exchange Platform

Nischal Shetty launched WazirX in 2017 which was acquired by Binance in 2019. With 6 million registered users and over $5 billion in trading revenue, WazirX is India’s top exchange platform.

With an auto-matching P2P machine, the site allows trading in more than 200 cryptocurrencies and facilitates rapid and simple conversions from cryptocurrency to fiat. The P2P service for fiat deposits is available in roughly 7 different nations.

The best feature of WazirX is that it supports numerous devices and has minimal transaction costs for the best user experience. Moreover, WazirX supports over 400 trading pairs.

Here are some of the key features of the platform:

  • Real-time open book order to equate crypto exchange between buyers and sellers
  • Native coin WXR is used by the traders to buy and sell other cryptocurrencies
  • Facilitates USDT-INR trading pair
  • Quick KYC/AML verification process
  • Escrow trading concept to nullify threats
  • Can handle millions of transactions per second
  • Multiple device compatibility
  • Institutional-grade security with 2FA

WazirX Clone App Development

WazirX clone app development is one of the best ways to enter and establish your business in the crypto market.

Here are some of the features of the WaxirX clone script that makes your P2P exchange platform a success.

  • Multiple cryptocurrency wallets to securely store, transfer and manage your cryptocurrencies.
  • Smart contract-based escrow integration to smoothly secure user and seller deals.
  • High-speed trade matching machine to accurately carry out all trades
  • Atomic Swap to facilitate the exchange of cryptocurrencies without the involvement of any third party
  • Trading bot to automate crypto buying and selling process.
  • KYC/AML verification to avoid money laundering and fraud.

Other key features of the WaxirX customized clone app are:

  • Multi-language support
  • IEO launchpad
  • Multiple payment gateways
  • Margin trading
  • Real-time pricing
  • Self-explanatory user interface

Conclusion

WazirX is a highly functional P2P crypto exchange platform that offers its users ample of latest features for trading. You can too build an exchange platform like WazirX using our WazirX clone app development services. Our developers are proficient in delivering a customizable, ready-to-launch feature-rich twin exchange platform like WazirX.

August 1, 2022

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