Crypto exchange is one of the most profitable businesses in the crypto space. Nowadays many startups want to develop a crypto exchange and make an enormous amount of profits. But they are making one big mistake. This means that they are spending a lot of money and time developing crypto exchange software. Can’t catch my point? I’ll explain briefly. There are two types of developing ways, which are
Scratch
White label
Developing from scratch is the process of developing a crypto exchange platform from the base. Choosing the right technology, features, and other aspects is the decision of the entrepreneur. The cost to develop a crypto exchange from scratch may go higher than the white label crypto exchange cost. With all the essential features implemented, the cost could go around $50k-$100k. On the other hand, developing from scratch helps you start a crypto exchange with unique features.
White label crypto exchange software is a ready-made software that comes with all the essential features which are needed for the cryptocurrency exchange business. Startups can launch a crypto exchange platform just by making some customizations to the software. Using a white label crypto exchange software could be a cost-effective way and the development time will be less. The cost ranges from $6k to 12k to develop a crypto exchange using a white label crypto exchange software.
I hope you got clarity by reading the above information.
Startups can launch a crypto exchange using a white label crypto exchange within a short span and the development cost is also so affordable. When software providers are capable of providing white label crypto exchange software that is bug-free with quality architecture frames, why would a startup want to develop from scratch and waste their money? Thus, many emerging and established startups prefer white-label crypto exchange software for starting an exchange business.
If you need more clarifications, then you can contact any of the White label crypto exchange software providers. But be aware, the market is flooded with inexperienced providers. While looking for a professional White label crypto exchange provider, I’ve found one of the most reliable white crypto exchange software providers in the crypto market - Coinsclone. They have an elite group of Blockchain developers, blockchain business professionals, and web designers.
You can contact them for a free demo,
Mail Id: [email protected]
Telegram: https://t.me/Coinzclone
Whatsapp: +91 9500575285
Skype: live:hello_20214
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Hey entrepreneurs and startups, the cryptocurrency exchange is one of the most profitable businesses in the crypto field. In recent times, more startups have decided to start a crypto exchange business. A cryptocurrency exchange is a trading platform for cryptocurrencies. It is a common thought that developing a crypto exchange would be expensive.
It doesn't necessarily mean that a high profitable business should have a high initial investment. You can minimize the development cost by choosing an effective developing method. First of all, you should know the types of developing methodologies,
Scratch
White label software
Developing a crypto exchange from scratch is a tedious process. The whole idea will be based on you. You have to analyze multiple features as well as security insights. Apart from developing from the beginning, implementing features separately would cost a lot. In addition to that, you might face a lot of hurdles while testing and it requires a lot of time.
Launching a white label crypto exchange software is completely a hassle-free process. Since it is a ready-made software with all uprising features tested. A crypto exchange using white label crypto exchange software will be ready to launch within a short span and the cost would be so affordable when compared from scratch.
Now I hope you’d have got clarity on both these methodologies. White label crypto exchange is a more beneficial and efficient way to start a crypto exchange business. Comparing these two methods, it's not only my opinion but most entrepreneurs and startups will also prefer white-label exchange software. White label crypto exchange software has a lot of benefits, viz.
Highly customizable
Bug-free & secure
Cost-effective
Faster deployment
Easy-to-use platform
No need for technical expertise
High ROI
Eye-catching and user-friendly dashboard
These benefits are the major reasons for entrepreneurs and startups to choose white label crypto exchange software. Along with these, you could launch a white label crypto exchange software within 7 days. That's why most startups prefer white-label crypto exchange software. The developing market is covered by many inexperienced white label software providers. You have to analyze every company's portfolio, working technologies, previous client reviews, and star ratings. Finding the Best white label crypto exchange provider is the stepping stone to the success of this business.
Nowadays, most startups are willing to start a crypto-related business. The Crypto payment gateway business is one of the profitable and right ones to start. As per the current market, Bitpay and Coinpayments are popular crypto payment gateways. Users can transfer cryptocurrencies via a payment gateway for their goods and services. The admin of the platform can generate tons of revenue from users’ every single transaction. That's why the crypto payment gateway business is an attention-grabbing business, especially in recent times. Let us come to the point, many of you have a query about how to develop a crypto payment gateway. Startups can develop a crypto payment gateway by using three different ways. They are mentioned below.
Open-source
Scratch
Clone script (CoinPayments clone script)
Open source - It is a readily available source code and you can get this code from popular websites. Many imposter websites are offering a free source code for developing a crypto payment gateway. However, using an open-source code is not the right way to start a business, and the risk elements involved in this code will be high than you expected. Another major drawback is anyone can easily hack.
Scratch - you can hire a team of developers from the development organization to create a crypto payment gateway. Whole ideas and features will be constructed from the base. It takes tons of your time and therefore the development cost would be 3x of your estimation.
Clone script - It is ready-made software that holds all the essential features of the existing crypto payment gateway. Startups can easily customize and launch a function-rich crypto payment gateway platform within 7 days. Cost is also affordable ⅓ when compared to scratch.
While comparing these three methodologies, the crypto payment getaway clone script is an efficient way to start a business in the crypto space. Startups can start their crypto payment gateway business within a few days. Currently, many software providers are offering ideal crypto payment gateway clone scripts. On the other hand, Research says, many startups prefer a CoinPayment clone script for their crypto payment gateway business.
Refer to this article for more information - CoinPayments Clone Script
In recent times most crypto businesses have evolved at a tremendous rate. Cryptocurrency exchange, cryptocurrency payment gateway, and cryptocurrency wallet are a few of the well-known crypto businesses. A cryptocurrency exchange is a highly profitable business compared to all these. Entrepreneurs and startups could generate high revenue from the crypto exchange business. If you are a startup willing to do business-related cryptocurrencies, crypto exchange is highly recommendable. This write-up would be useful for developing the best crypto exchange.
Attracting a lot of users is a key to success for this business. Whatever the business might be, having prominent features attracts more users. Features play a main role in the success of the business. Before developing a crypto exchange, knowing about the best features is very important. Here I’m going to explain the features that should be implemented in crypto exchange along with their benefits,
A mobile trading application - It is a software application, which is primarily suited for small, hand-held devices. Users can easily trade through their mobile devices.
Crypto payment gateway integration - It is compatible with multiple payment methods comprising fiat currency as well as for cryptocurrencies.
Crypto wallet integration - Crypto traders can store and transact their cryptocurrencies through the integrated cryptocurrency wallet.
Matching engine - Instantly matches a buyer's order with the seller's for facilitating seamless trading.
Margin trading - Brokers(companies) lend money to traders (users) who lack the funds to trade.
The liquidity API - It provides traders with information about the liquidity (trade flow) of your exchange. As a result, traders will automatically trust your crypto exchange.
Firewall implementation - Monitors inbound and outbound traffic for bugs and detects them if any exist.
Impressive User Dashboard - A versatile User dashboard provides you with a comprehensive overview of your workspace and allows you to accomplish multiple tasks.
KYC Integration - KYC(know your customer) is a verification process that involves the verification of the user's identity.
AML Integration - AML(Anti-money laundering) prevents illegal financial activities and malicious money transfers.
Along with these features, working on security features is also very important. It prevents hacking issues as most of the users prefer secured crypto exchanges. Here are some of the Security features that you should look into in a cryptocurrency exchange.
DDoS mitigation - It counteracts malicious traffic attacks on cryptocurrency exchanges.
Two-factor authentication(2FA) - A secure method of protecting cryptocurrency exchanges from third-party interference.
Encryption - Database encryption that provides end-to-end encryption on every single transaction.
SSL integration - Security socket layer prevents your site from hackers(top-notch security standard) and possible cyber hacks.
Browser Detection - Detects a user's details like IP address, OS, and browser.
Anti-phishing - An attempt to prevent a fictitious transaction request through email, text, or telephone.
These are all the essential features that should be implemented in the crypto exchange. But developing a crypto exchange from scratch would cost high and take lots of time to implement. In order to prevent these developing ventures came up with white label crypto exchange software exclusively for startups. White label crypto exchange software is ready-made software that has all the insights, and security features and is already test verified. Startups could launch a crypto exchange within 5 days at an affordable cost.
Finding a reliable white label crypto exchange software provider is a tough one. Because the market is covered by a lot of inexperienced providers. While looking for a reliable white label cryptocurrency exchange provider, I’ve found Coinsclone. They are one of the Reliable white label crypto exchange script providers in the crypto market. They have expert Blockchain developers, blockchain business professionals, and web designers. They’ll help you with the entire white label crypto exchange development process within the expected time frame. You may contact them for a free demo,
Mail Id: [email protected]
Telegram: https://t.me/Coinzclone
Whatsapp: +91 9500575285
Skype: live:hello_20214