F.A.Q's

Technical FAQ's - Crypto Exchange Software


Q1: Does the Crypto Exchange Software Software come with its source code?


Ans: It depends on the specific software and its licensing terms. Some ERP software may offer the option to purchase the source code, while others may not allow access to it. It is best to check with the software provider for more information.

Q2: Which PHP version software are working?
Ans: This software works on PHP 7.4 version.

Q3: Which PHP framework are used for this software.
Ans. CodeIgniter framework used for this software.

Q4: How to set database on the server?
Ans: Go to application folder > config folder > database folder > set Username, Password, Database Name.

Q5: What are the requirements to set up the exchange?
Ans: Requirements from business perspective:
  • Banking account (or implementation of payment processor) so your customers can deposit fiat to the exchange.
  • Support manpower to administer the exchange (such as user support, fiat management for incoming funds, maintenance of cold storage etc.).
Legal requirements:
  • License for operation the exchange as well as knowledge of local compliance regulations (depends on the licensing process in your local region).
  • We send you a signed and printed contract via express mail (about 3-4 days international delivery time) that needs to be signed and sent back (takes about 2 weeks).
Technical requirements:
  • Setting up your exchange installation (3-4 days)
  • Application for SSL Certification (can be done synchronously, takes some days usually)
  • Rerouting the DNS entries of the domain where your exchange should be operated to our DNS servers (a few hours)
  • Customization of your exchange to implement your specific business case (this ranges from hours to months depending on the depth of the implementation you wish)
  • Testing and Go Live (a few days, but also depends on the amount of customization done)

Q6: Which currency pairs (markets) are available on the Scolex exchange platform?
Ans: You can setup currency pairs (markets) by pairing any of the currencies listed on your exchange, provided you have liquidity for those trading pairs.

Q7: What can be traded on the exchange software?
Ans: The Skalex exchange is very flexible and can handle fungible goods, such as:
ANY Fiat currencies, such as:
  • USD
  • EUR
  • CNY
ANY crypto-currencies, such as:
  • Bitcoin
  • Litecoin
  • Dogecoin
  • Ethereum
ANY crypto tokens, such as
  • Based on Bitcoin (e.g., Colored Coin)
  • Based on Ethereum smart contracts
  • ANY tokens/certificates based on external systems

Q8: Is there any limit on fees an exchange operator can charge?
Ans: There is no limit on fees. You can setup any fee or absolutely no fee. We support two methods for fees: Buyer-Seller fee and Maker-Taker fee.

Q9:  Which type of hosting are used for this software?
Ans: User share hosting for this software.

Q10: Can I receive a free trial version of the exchange?
Ans: No, only with the purchase of the license you get a testing environment in addition to the staging and production environment. But we do have a free demo available.

Q11: Does the KYC feature include KYC verification?
Ans: No, KYC verification needs to be done manually or skalex can implement a KYC verification provider as a customization.

12: What are the modes of payment?
Ans: There are various modes of payment. Out of them, you can select any that suits your convenience better. You can also contact our executives to discuss the payment plan.

Q13: Which programming languages are used for the various components?
Ans: The programming languages that are used in the various components are PHP and Java.

Q14: What are the security features that your cryptocurrency exchange offers?
Ans: Biometric & Multi-Signature Authentication
  • Password-protected Access
  • Automatic Session Logout
  • Efficient Asset Listing
  • Anti-DDoS Security Protocol
  • SSL implementation
  • Cold Wallet
  • Registry Lock

Q15: How much does it cost to develop cryptocurrency exchange software?
Ans: The cost of developing a cryptocurrency exchange platform varies depending on the level of sophistication, functionality, and technology stack, among other variables. As a renowned cryptocurrency exchange development company, we are known for our innovative solutions and services. 

Q16: Is it possible to add features of my choice? Do you handle customization?
Ans: The modular architecture of our Software Platform makes it suitable for multiple types of businesses. The modules can be combined in a way to create a solution that perfectly fits your requirements. Moreover, we have enough capacity to handle all kinds of custom development for the platform additional functionality as well as to provide long-term technical support.

Q5: Its working on local server?
Ans: Yes! you can use XAMPP and Wamp server for installation.

Q18: Is the source code of the Crypto Exchange Software available for viewing or customization?
Ans. Yes once you download or buy the Software its completely your choice to make any customizations. In case you need assistance, we are providing customizations as per your requirements with the help of our dedicated technical team.

19: Do you provide data backup facility?
Ans: Yes, we do provide the option of data backup to the required locations. 

20: Can I use my own server to host it?
Ans: Yes, you can definitely use your server also if required our technical team would be ready to provide the assistance regarding the same.

21: How long does it take to set up the exchange?
Ans: In general, the exchange with standard functionality can be deployed within 3-4 working days. It is highly advisable to first contact us so that the product delivery is instant. If you require further customization after the initial consultation our technical team would assist you. we’re happy to provide time and cost estimations as well.

22: Which third party APIs are used in Our Crypto Software?
Ans: CoinGecko API, CoinPayments API.

23. Where does Our Crypto Software store data?
Ans: All account, order and market price data will be stored on your servers. There are no connections to Our Crypto Software servers.

24: Does Our Crypto Software require an SSL certificate?
Ans. Yes, unless you disable SSL (not recommended).

25. Does Our Crypto Software come with an example trading client?
Ans. Yes. The example allows a trader to login with a username and password, allows the account info to be updated for testing purposes (buying power, cash, etc.), and allows the tester to place trades.

26. Does Our Crypto Software come with an administrator program?
Ans. Yes, it comes with an admin panel to create users, manage and delete accounts, and view active users, logs, and more.

27. Can I license Our Crypto Software source code without customization?
Ans. Due to the complexity of Our Crypto Software and the fact that the Our Crypto Software matching engine is only a part of a larger crypto exchange solution, the source code is provided only to clients who hire an independent Our Crypto Software Certified developer. Source code is provided after customization and implementation have been completed by your developer.