Home/Questions/Q 22880
Next
In Process

Shiraverse Latest Questions

Bybit
Asked: 2025-05-30T21:42:04+05:30 In: ,

How do I start a Bybit like crypto exchange platform?

How do I start a Bybit like crypto exchange platform?
Bybitcryptocrypto exchange
Share

    Related Questions

    Leave an answer

    You must login to add an answer.

    Need An Account,

    1 Answer

    1. 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 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