Launching a cryptocurrency exchange has become a common phenomenon among entrepreneurs in the cryptosphere, due to the enormous traction it has been gaining and the growing profitable opportunities. The crypto exchange market volume has drastically increased in the last few years and is continuing to expand, as newbies enter the market almost every single day.
But when it comes to developing and launching a cryptocurrency exchange, it is a bit of a complex process. It involves a ton of procedures, along with ample amounts of time, and money. As entrepreneurs started seeking for a better solution, the idea of a white label crypto exchange software emerged. What is a white label exchange software? Why is it a better solution? We are going to discuss all of them in this blog. So, let’s get started.
The concept of a white label crypto exchange software
The emergence of a white label exchange software has helped entrepreneurs to quickly deploy their exchange in the market, and benefit from favorable market conditions. A white label exchange software is nothing, but a readily available software with everything necessary for the exchange to fully-functional, from integrated features to robust front and backend support. Customers can purchase and customize them according to their personal preferences in terms of name, brand, logo, UX/UI, color themes, etc.
The price volatility involved with cryptocurrencies is as popular as cryptocurrencies are. To enter the market, as quickly as possible when the price is favorable to you, a white label exchange is an ideal solution. A white label exchange in simple terms is an enriched version of a crypto exchange. Let’s discuss in brief, the core benefits involved with a white label crypto exchange.
Here are the primary reasons for why you should go with a white label crypto exchange
Customers need not worry about technical expertise in the case of a white-label exchange software. It is already ready-made by an expert team with sound technical expertise. All the customers have to do is, purchase them and customize according to their business requirements and launch them in their own desired brand.
Quick, efficient, and cost-efficient deployment
As white label exchanges are ready-to-use, they can be launched in the market at warp speed, in most cases, 7 days to two weeks! They also reduce the time and cost involved in the development process. Customers can now efficiently launch any type of exchange they prefer, at a cost-effective price with the help of white label solutions. The types of white label solutions currently available in the market are as follows,
- White label bitcoin exchange software
- White label p2p exchange software
- White label leverage exchange software
White label exchanges are developed by an experienced set of developers. And also, they are pre-tested before being delivered to the customers and ensures bug-free functionality. Therefore, they are more reliable when compared to the other exchange options.
Flexibility for users
With a white label exchange software, customers can set up their own commission fees for the trades happening on the exchange, set up a commission for bids, choose their preferred cryptocurrency pairs, etc.
As mentioned above, white-label exchanges are highly scalable and offer wider customization options for users. They have the scope to configure the exchange matching their business needs.
These are the key benefits involved with a white label crypto exchange. Currently, with white label exchanges widely prevailing in the market, the majority of crypto development companies have started offering them. And with many companies offering, you will definitely be confused about which one to choose. To achieve a white label cryptocurrency exchange platform that is fit as a fiddle, for your business, the following are the features you need to look into.
Set of essential features for a white label crypto exchange platform
- Multi-currency and multi-lingual support
- Matching trade engine with high capacity
- Automated location-based KYC/AML verification system
- Advanced, intuitive UX/UI
- Multi-currency wallet with multi-signatures
- Firewall or firebase implementation
- Robust admin backed panel
- Flexibility to connect external exchanges
- Pending transactions
- Advanced blockchain and smart contracts
- Payment gateways integration
- Integrated referral program
- Mobile application support
- Multi-layer security protocols
What is the cost to acquire a white label crypto exchange software?
The cost of building a white label crypto exchange software varies from customer to customer, from company to company. It is determined based on various factors such as,
- The type of exchange customer wants to build
- Preferences of technical and security features to integrate in the exchange
- Personal customization preferences
- Project complexity
However, white label exchanges are much cost-efficient as discussed earlier, while compared to building the exchange all the way from scratch.
Our dedicated and expert team from Infinite Block Tech have conceived three white label exchange pricing packages, each costing approximately $21,000 $37,000 and it goes upto $50,000 according to the client’s preferences. We strive to offer our clients the most futuristic solutions at the most cost-friendly prices, without sacrificing quality and security. Our white label exchange will help you set foot in the market in no time, and assure a promising and profitable future. Get in touch with their experts to know more.