Cryptocurrency Trading App
A responsive web-based solution developed as a secure platform to buy, sell and exchange cryptocurrencies. It is designed to be easy to use and helps to invest in digital currencies with multiple trading options.
The application is featured with an open order book that allows users to trade in the best-performing digital assets.
Process Followed
Mobile app development needs a thoughtful and step-by-step approach to comply with clients and their requirements. After attaining a clear perception of a solution, our team of proficient developers followed a five-step process that includes - problem identification, feasibility study, solution implementation, challenges and eventually reaching an outcome.
Problem Identification
feasibility study
solution implementation
challenges
final outcome
Problem Identification
The blockchain industry has supremely evolved in the past few years. But because of limited secure trading systems and decentralized exchange getting hold of the crypto trade worldwide, there are many who feel reluctant to invest in digital currencies. Therefore, we aim to provide a centralized exchange system as it is easier to use and offers better liquidity.
- Supports all major cryptocurrency trading.
- Creating a secure wallet.
- Solution hosting on the AWS ecosystem.
- Token generation and management.
Feasibility Study
A responsive cross-platform web application was required that enables users to buy, sell and exchange cryptocurrencies in a surefire way and can also perform as an efficient escrow agent to authenticate transactions and control frauds. Also, our team was aiming to come up with a system where users can have real-time access to market data and order books.
- Implement a responsive website and hybrid mobile application.
- Allowing buy, sell and exchange of cryptocurrency with fiat money.
- The users to have a secure wallet address with private keys.
- Access to balance monitoring and order history.
- Authorizing global accessibility.
Solution Implementation
User research
User Research helps to gain insight and discover real-world scenarios. We got involved in a conversation with some crypto traders and investors to get to know their investment methodology and what they feel about most of the solutions that allow buying and selling of cryptocurrencies.
Product discovery workshop
After significant user research, we decided to converse about the idea of implementing the solution and what the audience would love to get in a crypto trading application based on carried out research. For that, we set up a meeting session with the client where our team explained the out-and-out viewpoint of a cryptocurrency trading application and many such things to save a lot of problems further down the track.
Our team spent the day understanding the client's vision of the product and the intention behind the application as well. This helped us gain the essence of the application according to them. After finalizing the budget, we further discussed the mobile app layout, screen design, and potential customers. In the end, it came out as a knowledge-strengthening and problem-solving session for both of us.
Competitor Analysis
We now had the idea, vision, and design of the application in mind. The only thing that needed to be done was to shape all these to build an impressive mobility solution. But before that, it was important to analyze our competitors to know if they have come up with such an application already so that we can add some features in ours, which others lack, to dominate them in the market and stand out in a crowd.
The Challenges
Developing an application that securely operates the crypto market is not as easy as it seems. We had to build an application that benefits users and helps them experience a whole new world of crypto trading. Major challenges faced while developing the solution are -
- Ensuring secure and transparent trade.
- Automated system to control frauds.
- Performance and load management.
- Notifications for a price alert, different device logins, and other updates.
- Adding advance charts for a minute-by-minute price tracking.
- Provide support in trading, storing and lending of cryptocurrencies.
Final Outcome
Surmounting the challenges, we created a constructive hybrid application that allows social trading exchange for cryptocurrency transactions where users can register and buy/ sell cryptocurrencies in two major fiat money- USD and GBP. Major features of the application are -
- Exchange integration to get real-time prices for cryptocurrencies.
- The admin has been provided to work as an escrow agent.
- Provides a multi-language user interface.
- Digital assets stored in an offline wallet.
- Instant deposit and withdrawal of balance.
Information Architecture
Sample Interview Questions
The app aim to provide a centralized exchange system as it is easier to use and offers better liquidity. The app
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The client seek to implement a responsive cross-platform web application and hybrid mobile application.
We used decentralised technology to let users make secure payments and store money without the need to use their name or go through a bank.
The client came with the cryptocurrency trading app proposal. Our skilled engineers and developers, after thorough analysis & research, established the fully scalable solution and came up with one of the most trusted cryptocurrency trading platforms.
- Implementation of a responsive website and hybrid mobile application
- Allowing sale/ purchase of cryptocurrency with fiat money
- Access to balance monitoring and order history
- Authorizing global accessibility
- Solution hosting on the AWS ecosystem
- Token generation and management.
Coinbase, Binance, Crypto Pro, Coinsmart etc are some similar apps.
Major features of the application are -
- Exchange integration to get real-time prices for cryptocurrencies
- The admin has been provided to work as an escrow agent
- Provides a multi-language user interface
- Digital assets stored in an offline wallet
- Instant deposit and withdrawal of balance
Technology Stack
React
React Native
Web3.js
Tuffle
Ganache
AWS
Etherium
Node.js
Solidity
Biytpay
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