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Bybit
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Bybitcryptocrypto exchange
  1. Bybit
    Bybit

    So, you wanna build a crypto exchange like Bybit? That’s big time. Basically, you need a combo of tech, licenses, money, and trust. First, you gotta have a solid dev team to build the trading engine β€” the thing that matches buy/sell orders super fast. You’ll also need wallets to handle crypto deposiRead more

    So, you wanna build a crypto exchange like Bybit? That’s big time. Basically, you need a combo of tech, licenses, money, and trust. First, you gotta have a solid dev team to build the trading engine β€” the thing that matches buy/sell orders super fast. You’ll also need wallets to handle crypto deposits and withdrawals securely.

    Then there’s the legal stuff β€” depending on where you’re launching, you’ll probably need licenses (especially if you’re dealing with fiat). KYC, AML, all that compliance stuff comes into play.

    You’ll also need serious liquidity β€” no one wants to trade on an exchange with no action. You might have to partner with market makers at the start.

    Once that’s rolling, you focus on UI/UX (make it clean), build a killer referral or affiliate program (like Bybit), and start marketing hard.

    Also, security is everything. You mess up here, game over.

    Structured 8-Step Plan to Build a Bybit-Like Exchange:

    1. Research & Plan

    • Study competitors (Bybit, Binance, OKX, etc.).

    • Choose your niche (spot, derivatives, margin, copy trading, etc.).

    • Decide on key features (e.g. leverage, perpetuals, staking).

    2. Legal & Regulatory

    • Choose your jurisdiction: Seychelles, BVI, Dubai, Lithuania, etc.

    • Get necessary licenses (depends on if you handle fiat).

    • Implement KYC/AML compliance tools (use tools like SumSub or Chainalysis).

    3. Tech Development

    • Core features to build or license:

      • Matching engine (high-speed order execution).

      • Wallet system (hot/cold wallet structure).

      • User dashboard and trading interface.

      • Admin panel for risk management and compliance.

    • Hire a strong team or use white-label solutions (e.g. HollaEx, AlphaPoint, or ChainUP).

    4. Liquidity

    • Partner with liquidity providers or market makers.

    • Use APIs to plug into other exchanges for volume in the beginning.

    5. Security

    • Top priority: Secure codebase, DDoS protection, multisig wallets, cold storage.

    • Hire third-party firms for regular audits and penetration tests.

    6. Payment Integration

    • Add fiat gateways if needed (check out providers like MoonPay, Banxa, or Simplex).

    • Enable crypto deposits/withdrawals from day one.

    7. Marketing & Growth

    • Create a killer affiliate/referral program (like Bybit’s).

    • Partner with influencers, run airdrops, or trading competitions.

    • Build community on X (Twitter), Discord, Telegram, etc.

    8. Customer Support & Scaling

    • Provide 24/7 support (chatbots + live agents).

    • Have account managers for VIPs.

    • As you grow, consider launching your own token or expanding into DeFi/NFTs.

     

    Estimated Budget (Rough):

    • MVP Build (basic exchange): $100K–$500K

    • Full-featured platform like Bybit: $1M–$10M+

    • Monthly Ops (legal, support, servers, liquidity): $50K–$200K

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