![]() Some exchanges currently implementing this are Kraken, Binance Proof of ReservesĪnother important aspect in the light of recent crypto market events is to know whether your chosen exchange(s) has audited reserves / have listed their proof of reserves in a transparent and verifiable manner (e.g. The score is calculated by examining factors, such as: “Web Traffic Factor Average Liquidity Volume, as well as the Confidence that the volume reported by an exchange is legitimate” which is then summarized in a score from 1-10 (10 being highest). One way to minimize such risk is to examine volume, online reputation and website traffic, or you could also use CoinMarketCap’s Exchange Score as a guide. What you should watch out for is avoiding fraud and scam. ![]() You could get your coin listed on a top tier crypto exchange, such as Kraken at no cost, or on Binance via the Launchpad/Launchpool application. If no such budget is available, then not all is lost. If yes, then you can go right after all of the top tier exchanges. However, if your goal is to get listed on a top tier exchange and you don’t mind a longer process, then your next question should be “do I have a budget to spend on listing fees in excess of $100,000- $1,000,000?” Decentralized exchanges, such as Uniswap will allow you to get listed quickly and painlessly. ![]() What is your timeline & budget?įor example, if you would like to make your first listing as quick as possible, you would likely go for a decentralized exchange first. Once you answer these questions, you should have a clearer picture on what factors play a role in your decision making. Do you want to your token to get listed on centralized or decentralized exchanges?.How is their community management & customer service?.What volume does the exchange have & is it real and not due to wash trading?.Does it offer spot or margin trading? How about staking?.Is it possible to trade fiat to crypto & vice versa on this exchange?.Which exchanges support your protocol & can technically integrate on their platform?.What is your target geographical market?.How much can you afford to spend on listing fees?.How safe is it to store funds for its users? Are they transparent about their proof of reserves? Can these proofs be trusted?.What is the cryptocurrency exchange’s reputation?.It depends on your goals and asking your project questions, such as: With so many exchanges out there, what criteria should you use to choose the right ones to list on? So let’s begin with part 1 steps 1 to 3 … Step 1: Researching & Choosing the Right Crypto ExchangesĪt the time of writing this, there were 528 in total and 242 ranked cryptocurrency exchanges and over 8.9k ranked and a total of 21.9k cryptocurrencies, according to CoinMarketCap. ![]() and then… ensuring your project doesn’t get unlisted due to dropped trading volumes.to finally launching & celebrating the launch….Waiting for a response & speeding up the process.Listing process: completing & submitting the paperwork.Researching & choosing the right exchanges.That’s why we have put together this article to guide you through the process if you were to do it on your own. There are a lot of benefits in getting your coin listed but the journey to get there can be a long and bumpy road. Now, everyone from your advocates, supporters, haters and just about anyone who wants to make a quick or slow buck can now buy your token and fill up your wallet with fiat or other crypto.įor those already listed on at least one exchange, every additional exchange grants an entry into a new market full of traders and investors who could join your community and increase your crypto’s market cap and popularity. For first timers, getting a coin listed on an exchange offers the opportunity to make your project available to a financial market full of buyers and sellers.
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