Cryptocurrency Trading Social Platform
A responsive, web-based application designed as a secure, scalable, and high-performing social platform. It enables users to seamlessly buy, sell, and exchange cryptocurrencies while connecting with a community of traders. The platform combines advanced trading features with real-time social interactions for an enhanced user experience.
Country
United States of America
Service
Cryptocurrency Exchange Development
Industry
Finance / Cryptocurrency / FinTech
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About
The Project
Our team developed a secure, scalable, and high-performing cryptocurrency trading social platform for users in the USA. The platform allows seamless buying, selling, and exchanging of major cryptocurrencies—Bitcoin, Ethereum, Litecoin—using USD and GBP, integrating real-time prices from exchanges like Binnacle, BitMax, and Bittrex. Users are provided with secure wallets with private keys, while the backend admin acts as an escrow agent to ensure safe and authenticated transactions. The responsive web application and hybrid mobile app (iOS & Android) were hosted on AWS, combining advanced social features with robust crypto trading security, automated fraud control, and high-load performance management.
Process We Followed
Before putting the methodology of application development into practice, it was important for our team to devise a systematic approach and deliver a solution that meets the client's expectations. From emphasizing the UX/UI of the app to identifying the problems and doing beta testing of an app, many more things were required to be programmed accordingly. The QSS team followed an intensive process to create a native and hybrid application.
1. Problem Identification
Our team identified the need for a secure, centralized crypto trading platform to boost user confidence. We enabled trading of major cryptocurrencies, secure wallet creation, token management, and hosted the solution on the AWS ecosystem.
3. Solution Implementation
We conducted user research by engaging crypto traders and investors to understand their trading behavior, investment methods, and pain points with existing crypto solutions, helping us design a more secure and user-friendly platform.
2. Feasibility Study
We designed a cross-platform web and mobile app for secure crypto trading with fiat. Features include responsive UI, secure wallets with private keys, real-time market data, order history, and global accessibility with fraud control.
4. Challenges Faced by QSS
Building a secure crypto trading app came with challenges like ensuring transparent trade, fraud prevention, load management, real-time price alerts, advanced charts, and enabling safe trading, storing, and lending of cryptocurrencies.
5. Final Outcome Achieved
We delivered a hybrid social trading app for cryptocurrency, enabling users to trade in USD and GBP. Key features include real-time price integration, escrow admin control, multilingual UI, offline wallet security, and instant deposits/withdrawals.
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
We followed a structured solution implementation approach, beginning with understanding user needs and aligning them with client goals. Our process included user research, product discovery workshops, and competitive analysis to ensure a secure and user-centric crypto trading application.
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
Product discovery workshopWe kicked off the project with a Product Discovery Workshop. Discovery Workshop is our trusted format for problem-solving. Our cross-functional team spent the first day understanding the client’s vision of the product and the intent behind the application. We established the core values of the product and created User Personas.
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
QSS delivered a secure, hybrid crypto trading app that reduced fraud by 85%, achieved 99.9% transaction security, and onboarded 10k+ users within the first quarter.
Sample Interview Questions
The app aim to provide a centralized exchange system as it is easier to use and offers better liquidity. The app
- Supports all major cryptocurrency trading
- Creating a secure wallet
- Solution hosting on the AWS ecosystem
- Token generation and management.
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 We Used
React.Js
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