Firstly, if you’re reading this article, we understand you’re trying to generate more liquidity for your crypto coin. Your active base of traders surrounding your coin is eager to buy and sell it in a timely manner. Perhaps you read our previous article explaining how the cryptocurrency exchange work. As a result of your new found knowledge, you’re thinking of getting your coin listed on an exchange.
Well, I have news for you, it’s not as easy as you may think. It can be a difficult, complex and timely process trying to get listed. Especially, if you don’t have the technical know-how or connections to get started. However, we will make as painless as possible for you. In the following article, we’ll explain clearly the process of how to get your coin listed on an exchange. As we mentioned, getting your crypto coin listed on an exchange is not as straightforward as it may seem. Regardless, that doesn’t mean it can’t be done. In order to get your coin listed on an exchange, you have to meet the requirements of that exchange. Unfortunately, there’s not a standard set of requirements across all crypto exchanges. Every exchange is unique and they each carry there own set of rules.
With this in mind, the best course of action is to find an exchange best suited for your cryptocurrency. Similarly, it would also be advised that you don’t seek out the “hot crypto exchanges”. For instance, any exchanges with a lot of talk around them or high volume trades. The reason being that they may either reject your token or take forever trying to list it.
Without further a due, let’s get into it and help your crypto coin users get a better experience!
The process of getting your token (coin) listed on a crypto exchange
Firstly, as we’ve already mentioned, you need to find an exchange that will suit your requirements. Predominantly the objective is to find an exchange that can provide a lot of liquidity for the users of your coin. More liquidity means higher price surges which mean that your coin becomes more valuable. It’s all about getting the attention. As I’m sure you are aware, it’s not just enough having it listed on a decentralized exchange anymore. Hence, why you need to expand. Not only that but having your coin listed on numerous exchanges adds a lot of legitimacy.
As we’ve previously stated, most exchanges don’t go by a standard set of criteria. In fact, most exchanges are looking to offer their users a unique and innovative experience. This is what your token needs to offer. The first step you need to take is to create a comprehensive document for your project. Within the document, it needs to prioritize the basic technical needs of the exchanges you want to list on but also the underlying interest of the exchanges. By putting the interest of the exchange before your needs will more than likely get you listed. Remember, it’s always about the value you can bring to someone else. Each exchange is unique but they all do carry similar basic requirements, check out the list below!
- Basic project information
- Community involvement
- Team expertise
- Developer skills
- Token Blockchain
- Distribution details
- Utility / Security
- Fees / Technical details
- ICO / Pre-mine Outcome
- Trading volume
- Subjective details
- Money raised
Free, Fee and Hybrid exchanges
Starting off it would be highly advised listing on numerous free exchanges. Whilst they may not carry a lot of liquidity, it costs nothing to have them listed here. As popularity around your token begins to grow then you can search out more dominant exchanges that charge a fee. We will discuss the costs of listing on an exchange in the next section. Finally, you have your hybrid exchanges. Hybrid exchanges don’t tend to charge a fee. However, if your project turns out to be complex they may charge a compliance fee.
The cost to list tokens on cryptocurrency exchanges
As we’ve discussed briefly, costs vary from exchange to exchange. Fees can range anywhere from nominal to enormous. Again, this is depending on the exchange. Even some crypto exchanges are charging a high of a $1’000’000 to a low of $50’000 in order to have your token listed. It’s pure capitalism at its finest. In addition, these fees may go higher with the proposal of stricter regulation. Perhaps now would be the best time to get your token listed before it’s too late.
In order to get listed on a free exchange more often than not you will need a large community upvote. Others require a payment made in crypto. As we mentioned, this fee varies depending on the exchange you want to get listed on. Ensure that you have budgeted for this. Project whether or not that you will make your return on investment from the popularity you will receive from that exchange. As with any good exchange, you’re going to pay the premium price regardless. Furthermore, you will still have to meet the standard requirements and more too.
Needless to say, it’s a difficult process with many hurdles when it comes to listing your token on a cryptocurrency exchange. If you’re just starting off test the waters by listing a numerous of free exchanges. Get a feel for the whole process. From here you’ll gain credibility and furthermore a greater social following. Following on from this, depending on the increase of popularity surrounding your crypto coin, you should seek out some more credible exchanges. Preferably hybrid exchanges more so than high fee listing exchanges. Fundamentally it all comes down to the unique experience your coin offers traders and users. If you can beat the competition then you will more than likely get listed on the exchange by popular demand. If this ends up being the case you have loads of room for negotiation.