How does Coinbase clone Function?

Posted by Gideonpaul on March 14th, 2022

Coinbase is a US company that runs a cryptocurrency exchange platform. Coinbase functions remote-first and doesn\'t have authorized physical offices. The coinbase was established in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase is the largest cryptocurrency exchange in the United States by trading volume as of March 2021. 

Coinbase clone script is a readymade script to launch cryptocurrency exchanges like Coinbase. Coinbase clone has features and functionalities similar to the coinbase exchange.

How does Coinbase clone Operates?

• The user has to get registered on the exchange platform by providing an Email ID. 
• The user receives the verification email to the registered Email ID.
• Once verifying the registered email id, the user needs to provide their KYC and AML documents.
• Users wait for validation of their provided documents for the KYC and AML verifications process.
• Once after successful verification from the admin, the user can start trading.
• Users can check the live market price of the cryptocurrencies on the user dashboard.
• Users can also refer their friends and earn a bonus for referral.
• Users can buy crypto with the available payment methods in the exchange.
• The user pays a trading fee for successful trading on the exchange.

 Cryptocurrency and digital assets are becoming popular among the global people. A cryptocurrency exchange like coinbase can be started with the help of a readily available coinbase clone.