Crypto trading is becoming more and more popular nowadays. Cryptocurrencies are no longer something exotic. Many companies freely accept them as a means of payment. Investments in digital assets can generate significant returns. Trading on a cryptocurrency exchange can be much more profitable than on traditional financial platforms. All this contributes to the rapid development of business related to the exchange of digital assets. Now, it is a good time to set up your own cryptocurrency exchange. 

First, you need to understand what a cryptocurrency exchange is and what functionality it should have. It is a trading platform where users can buy, sell and exchange cryptocurrencies. The exchange acts as a guarantor that all transactions will be executed in accordance with applicable rules.  You can visit Switchere.com to buy crypto with Mastercard and check how everything works there. It’s a trusted website that can be a good example of how a crypto exchange should be organized. You can buy crypto with Visa or another debit card/credit bank card instantly. 

Buy Crypto with Credit Card on Switchere.com

To set up a cryptocurrency exchange, you need to solve many problems. The most important ones are listed below:

• Obtaining a license and other legal aspects. Make sure all requirements from the regulator are met. A license is required for all jurisdictions. Most reputable cryptocurrency exchanges currently operate under the supervision of financial regulators. Exchanges should implement a “Know your customer” system aimed at combating money laundering. Each jurisdiction may have different rules. Therefore, it is important to thoroughly understand this issue, having consulted with a lawyer who understands the specifics of this field of activity.
• Finding investments for doing business. To implement such a large-scale project, it is necessary to adequately calculate the number of future costs. The most important thing is to estimate the time and financial costs required for development, maintenance, and systematic software updates if you plan to solve these problems yourself. The development of software from scratch is expensive.
• Connection to a liquidity provider. Liquidity is a key factor in the success of an exchange. Your project will be taken seriously when there is trading activity. Otherwise, it is almost impossible to compete with other crypto-exchanges.
• Selection of payment processing. Each payment system has its own characteristics. Choose options with affordable rates and low commissions. This will allow you to compete with other similar projects. Payment systems also differ in terms of settlement time, PCI DSS compliance, methods, and tools to protect against fraud. In the latter, it will be possible to integrate a payment gateway for digital currencies, which will allow your users to process electronic assets. Switchere converter can meet all the necessary requirements.
• Providing protection against hacker attacks. Digital currencies are always targeted by the cybercriminal world. As a result, exchanges remain vulnerable to their actions. Security for a cryptocurrency exchange is one of the key factors. 
• Beta testing of the marketplace. After completing the software development which isn’t the easiest stage, and following the steps listed above, you need to make sure that your exchange is working at a high level in the beta version. 

Haven’t you set up your own crypto exchange yet? Then, use an instant cryptocurrency converter Switchere to buy crypto and exchange BTC, ETH, EST, and other coins anonymously. You can buy cryptocurrency with a debit card or credit card after quick registration. The fast id verification will take you minutes. After it, you’ll be able to convert coins, buy crypto with Mastercard, Visa, or Maestro. Switchere offers clients to purchase crypto for dollar/euro without hidden fees. You can use an online converter to check the final price when you want to buy cryptocurrency with debit card. It isn’t the lowest one but it’s competitive. On Switchere.com, you’ll pay the fee you can see on the screen when you buy cryptocurrency with credit card, not more than that. 

Using Switchere.com is a secure and super fast method to get the crypto you need and sell coins you don’t need anymore. Fill out an order form, send it online through the site, and get crypto to your wallet within minutes. Using a prepaid credit card is an easy and hassle-free way to obtain cryptocurrencies compared to setting up your own crypto exchange. However, if you have enough time and all the necessary resources, follow the recommendations in this article. Use Switchere for the crypto exchange to gain experience and learn how everything works here.