Welcome to this tutorial dedicated to the mobile application clone script development of Binance, one of the most used and diversified exchanges on the market.
As complete as the web-based exchange in its functionalities, the Binance APP will become your best supporter for your trading and the management of your cryptocurrencies.
First of all, let’s take an in-depth look at how the application works and all that it allows you to do. then we tell you about Binance Clone App Development.
Check out the OpenSea clone app page if you are also interested in NFT marketplace development. OpenSea is one of the successful NFT marketplaces.
Good to Know: Due to the nearly similar structure of the Binance and Coinbase platforms, many of these features have been generally used in the development of the Coinbase Clone Script. So if you are interested in CoinBase, you can request the development of this exchange.
About Binance App
Creating a Binance Account
First of all, you must have an account on Binance, necessary to launch the application. Once your account has been created, you can download the application by clicking on one of the links that are placed on the Binance exchange website on your smartphone:
The Different Sections of the Menu
The navigation menu is displayed at the bottom of the application; it is composed of 5 tabs:
- Home: dedicated to the latest news, the best performances of the day (volume, gains, losses)
- Markets: to view all available markets
- Trades: for spot trading
- Futures: for trading futures contracts
- Wallet: to deposit/send your cryptocurrencies on/out of Binance
All the features that we describe in detail in this part of the article have been designed in our Binance Clone App Development.
1. Home Tab: All The Information On One Page
On the Home tab, you will find the latest news from Binance, the other exchange products (Savings, Research, Pool, Staking, etc.) as well as the most successful cryptocurrencies of the day in terms of progress and volume.
Securing Your Binance Account
Before you start sending funds and making trades, the most important part in securing your Binance account. To do this, go to the Home tab and click on the avatar at the top left.
Enabling 2FA on Binance iOS/Android App
The first step to perform and mandatory if you want to withdraw funds is the activation of double authentication (2FA). If you have already enabled this option on the web version of Binance, you can skip to the next part.
Otherwise, carefully follow the process of securing your account, because 2FA must be active to make any withdrawal from the platform.
Today, the most widely used app for this service is Google Authenticator. It is available on iOS and Android and works the same on both platforms.
2. Markets Tab: Cryptocurrencies and Pairs Available for Trading
Binance offers nearly 600 different cryptocurrencies, most of which can be exchanged for either BTC or ETH. In this tab, you will find all the crypto-currencies available on Binance.
You can change the type of market by clicking at the top on one of the following options:
- BTC: for all trading pairs with Bitcoin
- BNB: for all trading pairs with alts: ETH, TRX, and XRP
- FIAT: for all trading pairs with fiat currencies and stablecoins: USDT, BUSD, USDC, EUR, GBP
- BNB: for all trading pairs with BNB
- ETF: for native leveraged crypto-assets: BTCDOWN and BTCUP
3. Trades Tab: Buy and Sell Cryptocurrencies
The Trades tab is undoubtedly the most important in the application. It will allow you to place your sales purchase orders. Due to the large number of options available, decrypting is working.
There are 2 variations of this tab, one for buying (Buy) and the other for selling (Sell). These work exactly the same way.
4. Future Tab
Cryptocurrency futures are so-called forward derivative contracts that oblige parties to trade the underlying cryptocurrency at a pre-determined date and price. It is possible to buy and short these futures contracts.
It is easy to understand that futures make it possible to lock in the price of the asset in advance. In addition to the price, the trader knows the expiry date of the contract in advance. This is usually one-month expiration. With a futures contract, the exchange of cryptocurrency must take place regardless of the market price on the expiration date, unlike cryptocurrency options. Indeed, although the latter are also financial derivative products, they give the bearer the right, and not the obligation, to buy (or sell) a cryptocurrency when the contract expires.
5. Wallet Tab: Receive and Send Cryptocurrencies
This tab allows you to manage all of your funds in all types of markets. It has 4 main functions:
View the total value of your portfolio in BTC and the individual value of your assets
Deposit: allows you to deposit cryptocurrencies on Binance
Withdrawal: allows you to deposit cryptocurrencies on Binance
Transfer: allows you to transfer your assets within the Binance ecosystem, to other wallets
What Is Binance Clone App Development?
If you are intending to create a clone app like Binance and want to gain a high Return on Investment also by delivering your customers with great satisfaction levels, you can start your own cryptocurrency exchange with a Binance clone app. You can also go with any other solution which is reliable and trustable in the market. Also, we have a perfect solution. Ready-to-launch, easy-to-scale, white-label Binance clone software.
Launching a Binance clone app is often challenging. Radin builds tests and launches iOS and Android apps. We upload the apps to the App Store and Google Play and get them approved. We provide 24/7 technical support and even Binance app optimization all in the basic package.
Other Features of Our Binance Clone App Development
- Two-factor Authentication
- Instant notifications
- QR Scanning
- Ratings and Feedback facilities
- Location Tracking
- Live Chat with traders
- Transaction History
- Ad-posting facility
- Encrypted Private key
- Multiple language support
- Timeout session
- Fast KYC Verification
- Advanced Price Tracking
- Fingerprint unlocking
Our Process for Android/IOS App Development
How to Build a Binance Clone App?
Binance is one of the best platforms for business startups and its adorable functionalities help traders to increase their investments. It is the trendiest approach to selling and buying currencies that users are looking for. Radin Technologies gives you an opportunity for developing a Binance clone app for your online business. Our team of professional developers is experienced in making Binance exchange clone app development for users and making them reach the online market. Binance exchange is designed and developed to enhance your business without abusing Binance ‘s guidelines.
Our Binance Clone app development involves a standard feature that makes you initiate your project more quickly with quality. The clone architecture that we use is more robust, scalable, and user-friendly and can be customized as per your requirements.
What Are the Advantages of Using White-Label Android & IOS Apps?
Low Initial Investment
If a start-up company requires to enter the android app development market with the minimal initial investment, then white-label apps are the way to go.
Redefined Product
The product developed by the third party has already gone through various processes like a beta test, troubleshooting, etc. Instead of going through the pain of launching your own product, a white label is a better option.
Proven Features Set
Company A might have decided to launch an app to estimate the market size and understand user expectations. They may not have the required experience to work out the feature set of android apps, and therefore might decide to step down the beaten track in order to minimize their chance of incurring a loss.
Quality Responsibility
If something went wrong regarding the quality of the product, then the third party which developed the product takes full responsibility to make the product the correct way again.
Fast Turnaround Time
For a company looking to capture a market share immediately, it may not choose to waste any further time and rather go for a ready-made solution to hit the market.
Programming Language and Framework Used On Binance Clone
Radin developers use all of its core languages (Django, Node js, Laravel, Spring) to build its crypto exchange app and web. For example, for crypto exchange data and analytics on front-end applications, we use Spring, while on the back end, the developers use Node.js.
Final Words
The Binance application is unique and very comfortable to use. True completely to the Web platform, this application will become your best supporter for your everyday trading.
We talked about the Binance clone app in this article.
If you have any questions, just leave a comment.
