Fun

Hundreds of Sites Now Earn Crypto Trading Fees: Exchange WordPress Plugin Sees 300 Active Installs

News Feed - 2020-06-22 03:06:51

Hundreds of Sites Now Earn Crypto Trading Fees: Exchange Wordpress Plugin Sees 300 Active Installs


A couple of months ago, a new WordPress (WP) plugin launched that allows anyone to host a digital currency trading platform. With the application, WP website owners can earn fees from various crypto asset trades. The developer of the plugin called “Wpcryptoexchange” tweeted on June 19, that there are now 300 active installs of his Crypto Exchange WordPress plugin.


On April 22, 2020, news.Bitcoin.com reported on a new platform called the “Wpcryptoexchange” or the Crypto Exchange WordPress plugin. For now, the application allows people to trade various cryptocurrencies including ETH, DAI, BAT, and WBTC using someone’s WordPress site that has the plugin installed. Other cryptocurrencies may be added to the roster of Wpcryptoexchange supported coins in the future.


The developer Alon Goren from the firm, Goren Holm, released the new WordPress (WP) so literally anyone can create a crypto exchange on any WP-based site. The platform leverages the Totle application programming interface (API) and the website wpcryptoexchange.com gives WP website owners simple to follow, step-by-step installation instructions.




Since the initial launch, Goren revealed on June 19, the Crypto Exchange WordPress plugin now has roughly 300 active installs. “Just checked and there are over 300 active installs of the Crypto Exchange WordPress Plugin,” Goren tweeted. The developer added:That means because of ME (& Totlecrypto), there are over 300 more websites on the internet that allow you to swap tokens on them.


In order for people to leverage Goren’s Crypto Exchange WordPress plugin, all they need to do is download the zip file and give the plugin privileges from the WP admin. After activating the plugin, anyone can have their “own cryptocurrency exchange that will route the trades across all decentralized exchanges,” the developer’s website details.




WP website owners can customize trading fees and even set fees at zero if they prefer. The application is backed by the company Draper Goren Holm, which is a “blockchain venture studio,” associated with the well known venture capitalist Tim Draper. Goren’s Crypto Exchange WordPress plugin that uses the Totle API, can work with a number of digital currency wallets that support the Ethereum chain and ERC20 tokens.


Goren’s Crypto Exchange WP plugin also has a step-by-step tutorial on how website owners can customize colors and window sizes by using custom CSS code. Essentially these configurations can transform how the crypto exchange looks and feels to visitors. Further, there’s a walkthrough and Youtube video available, so WP owners can learn how to earn trading fees from decentralized crypto exchanges in a passive manner.




The video leverages the Metamask wallet and it “walks you through the whole process, including running a test transaction,” explains the website’s guide.


In order to follow along and test the fee settings with the video presentation, a WP install with Crypto Exchange Plugin activated is required. Also an “ethereum wallet on Metamask with some ETH for gas fees,” the website notes.


A WP website owner can test some transactions to make sure the exchange and fee collection is operating efficiently. The developers say that exchange operators can simply check the Totle Partner Console to inspect trade volume and collect trading fees.


With the Draper Goren Holm created plugin increasing the number of active installs, it provides the public with a myriad of individuals offering a crypto trading experience on any WP-based website. Regulators who are quite busy cracking down on the massively large exchanges, will have a hard time stopping free-market crypto trades if Goren’s platform continues to grow.




What do you think about the Crypto Exchange WordPress plugin’s 300 active installs? Let us know in the comments section below.$9M and Over 4,500 Fusions - Bitcoin Cash Supporters Anticipate the Cashfusion AuditTECHNOLOGY | May 26, 2020Anyone Can Host a Crypto Exchange - Tim Draper Backed Startup Launches New Wordpress PluginTECHNOLOGY | Apr 22, 2020Tags in this story300 Active Installs, 300 Websites, Alon Goren, BAT, Creating a Crypto Exchange, crypto assets, Crypto Trading Fees, Cryptocurrency, DAI, Digital Currency, ETH, Exchange, Goren Holm, Noncustodial, technology, Tim Draper, Totle API, trading, WBTC, wordpress plugin


Image Credits: Shutterstock, Pixabay, Wiki Commons, wpcryptoexchange.comUse Bitcoin and Bitcoin Cash to play online casino games here.Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Read disclaimer Show comments

News Feed

Coinme Adds BTC Purchase Function to Over 100 Coinstar Kiosks in California
Coinme Adds BTC Purchase Function to Over 100 Coinstar Kiosks in California With over 21,000 kiosks in the U.S., Coinstar is a popular automated service for those who want to tur
Marcel Pechman8 hours agoBitcoin futures premium hits 18-month high — Time to flip bullish?The Bitcoin futures premium surge is having traders ask whether this is excitement or a return to the average after a multimont
73% of Argentines Say Cryptocurrency Best for Saving in Economic Crisis: Survey
73% of Argentines Say Cryptocurrency Best for Saving in Economic Crisis: SurveyA survey of Argentina’s citizens shows that 73% believe cryptocurrency is the most effective sav
Megan Nyvold10 hours agoHow Bitcoin mining is a model for modern industrial loadsWe are moving from a model of fossil-fueled generation, meaning grid operators must find ways to modulate demand up and down, rather than j
The Sandbox Partners With a Myriad of Hong Kong Luminaries, Plans to Launch Metaverse ‘Mega City’
The Sandbox Partners With a Myriad of Hong Kong Luminaries, Plans to Launch Metaverse "Mega City" The Animoca Brands subsidiary and blockchain-based virtual world, The Sandbox, has
Bitcoin Legal Tender in 3 Days but Survey Shows 7 Out of 10 Salvadorans Want Bitcoin Law Repealed
Bitcoin Legal Tender in 3 Days but Survey Shows 7 Out of 10 Salvadorans Want Bitcoin Law Repealed Bitcoin is becoming legal tender in El Salvador in three days. However, a nationwi
‘Bitcoin’s No Longer Optional’ — What Investors Say About Paypal Launching Crypto Services
"Bitcoin"s No Longer Optional" — What Investors Say About Paypal Launching Crypto Services Paypal launching cryptocurrency services has given crypto investors
If This Happens, Bitcoin Price Will Shoot To $140,000, Says Analyst
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Survey Finds Many Finance Managers Are Not Planning to Hold BTC— Volatility Cited as Key Concern
Survey Finds Many Finance Managers Are Not Planning to Hold BTC— Volatility Cited as Key Concern A new poll of finance managers by Gartner Finance finds that a
Nigerian Currency Redesign Controversy: Naira Slips by Almost 20%, Experts See Exchange Rate Reaching 1,000:1 USD Before Year End
Nigerian Currency Redesign Controversy: Naira Slips by Almost 20%, Experts See Exchange Rate Reaching 1,000:1 USD Before Year End The Nigerian currency appeared to accelerate its d
GAIMIN Gladiators’ DOTA 2 Team Finish Top 4 in Stockholm Major
GAIMIN Gladiators’ DOTA 2 Team Finish Top 4 in Stockholm Major press release PRESS RELEASE. Zug, Switzerland, 22nd May 2022:GAIMIN Gladiators are delighted to announce their DOTA
India Plans to ‘Fast Track’ New Cryptocurrency Bill, Seeks to Take ‘Middle Path’ to Regulate Crypto: Report
India Plans to "Fast Track" New Cryptocurrency Bill, Seeks to Take "Middle Path" to Regulate Crypto: Report The Indian government is reportedly trying to “fast track”