Crypto Currency 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 best performing digital assets.

  • Country United States of America
  • Service Blockchain
  • Industry Multiple
  • Share

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 IDENTIFICAION
  • 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 book.

  • 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

As per the investment and trading activity, the crypto industry is expected to drive growth in the coming days. Therefore, after thorough market research and studying the crypto market in and out, we decided to implement a robust strategy that provides a true and secure trading experience to users.

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
Technology Stack
ReactJS

ReactJS

React Native

React Native

Web3.js

Web3.js

truffle

truffle

Ganache

Ganache

AWS

AWS

Ethereum

Ethereum

Node.js

Node.js

Solidity

Solidity

BitPay

BitPay

App is superb for cryptocurrency trading. The open order book helps me understand the trade terms of the market and this is how I decide which digital asset would be valuable for me to invest right in.

Anonymous
Anonymous CEO
Rating
Renovate unique Business Processes into Digitally Transformed solutions with QSS Technosoft!

Do you want to remove manual operations, acting as impediment to your business growth? Realize your ideas into reliable web and mobile software solutions with our professional services. Take first step to launch your project by filling the form.

Moving Arrow point to Contact Form