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White Label Crypto Exchange Software ~ An Ultimate Revelation.

by Martha Olsen 6 months ago in blockchain
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Start Your Crypto Exchange Business with White Label Crypto Exchange Software

We are living in the blockchain era and many people believe that cryptocurrency is the frontier of the world of finance. Cryptocurrency is changing the entire financial world with great dominance right now. Besides, it is even gaining more prominence all over the world, as the price of bitcoin and altcoins are rising rapidly day by day. The usage, popularity, profits, and other beneficial factors attracted many users to trade crypto assets in the crypto exchange platform. The crypto exchange is an online virtual asset trading platform where users can buy, sell, or exchange a wide range of crypto assets securely without any risk. In return, traders will pay a certain amount of money in the name of a "trading fee". In this way, the owner of the exchange will earn a hefty amount of profits easily.

Not only trading fees but the owner of the cryptocurrency exchange can earn huge profits through multiple streams like advertisements on the platform, fiat deposit fees, withdrawal fees, listing fees, margin trading, more. In these ways, the proprietor of the crypto exchange gets benefited. By considering these many profits, startups showed their interest in initiating a crypto exchange business. But the method you choose for creating an exchange is a vital factor to be considered.

There are two ideal ways for starting a crypto exchange business such as starting from scratch and developing an exchange using white label crypto exchange software. Among these, white-label software is more efficient and has plenty of beneficial factors when compared to scratch. But the startups/entrepreneurs lack some prior knowledge about the white-label software and its development. Without worrying about unnecessary laurels, it is important to know from a 360-degree perspective to have a clear picture of the white label cryptocurrency exchange software.

In this article, let us have a complete knowledge sharing of the so-called white label crypto exchange software, with its benefits, features, and other essential factors.

Let us jump into the article...

What is a White Label Cryptocurrency Exchange Software?

White label crypto exchange software is a readymade or off-the-rack cryptocurrency exchange software which holds all the trading features needed to launch a fully operating crypto exchange. This software is different from those clone script-based software that resembles the similarity of any popular crypto exchanges. White label cryptocurrency exchange software is a common template with all the basic crypto exchange essentialities equipped with it. This software comes up with customization options along with some additional tamper-proof security protocols. By using this ready-made exchange software, you can customize the name, logo, theme, design, color, features, and other plug-ins as per your business need in a hassle-free manner.

As an entrepreneur or a startup initiating a crypto exchange business by using the white label crypto exchange software will be the optimum solution. It is because of its immediate market entry and successful business strategy development. I am not saying that being an entrepreneur, you cannot build your cryptocurrency exchange from scratch. But in scratch, It involves a huge pile of coding techniques and multiple varieties of technology tools to develop them. In that sense, white-label exchange software draws you to the market on an immediate basis.

On the flip side, an exchange clone script is also used for creating an exchange but why you should choose the white label cryptocurrency exchange software over the clone script/software is the million-dollar question. So let us see…

Why Should you Prefer White Label Cryptocurrency Exchange Over a Clone Script?

The specialty of the white label cryptocurrency exchange software is that they have a unique script language and design that does not have any copyright issues. The only similarity between the white label exchange software and the clone script is their customization techniques and the template used for developing a crypto exchange.

Below are some of the indicated points that showcase why you must pick the White label crypto exchange software other than the clone script.

  • Configuration

It is based on the configuration of the software that makes the white-label exchange software one comfortable other than the clone scripts. They arrive with various customizations to prevent any imitation mechanism.

  • The unidentified interest of blend of variables

Entrepreneurs become energized when they talk about clone contents and they frequently produce some ill-conceived demonstration of blending the uncommon highlights of various clone scripts that make their trade exchanging awkward. A white label doesn't do that.

A premium white label crypto exchange software supports all sorts of important trading modules which enables you to attract huge user traffic to your exchange platform.

Types of Crypto Trading Available in White Label Cryptocurrency Exchange Software.

Let us see the different types of crypto trading that are present in the bug-free white label bitcoin exchange software.

  • Margin Trading

Assuming your user is coming up short on hold, you can give this decision to the user with the objective that he/she can utilize funds from other users to trade cryptocurrency.

  • Perpetual contract

The whole exchange happens dependent on the propagation of the users in the platform. The user can either pull out the exchange or store it for an exchange at whatever point he/she needs as it doesn't convey a specific timetable.

  • Spot Trading

If you need your cryptocurrency exchange platform to perform like mainstream trades like Binance or Coinbase, at that point you can enable a spot trading option to highlight your exchange. It can provide a high TPS and high liquidity that various exchanges can be flown over surprisingly fast. Spot trading can really make your business a beneficial one in a short span.

  • Over-the-counter Trading

Your users can perform bulk trades by using the OTC desk. This trading option is one of the best income age hotspots for both the users and the trading platform proprietor.

  • Peer-to-peer Trading

By using this p2p trading, users can perform trades without the intervention of the admin. It doesn't imply that the administrator is completely eliminated. The admin will interrupt only if there is an issue in the trading. Adding this feature to your exchange will assist you with reaping more income than you do in any case.

Ultimate Features of white Label Crypto Exchange Software

Here I shared some of the cool and outstanding features that you need to incorporate while crafting a white label crypto exchange software.

  • High Transactions Per Second

In request to upgrade the trading experience for the users, the HTPS assists you with boosting users’ experience through quicker transactions.

  • Trading Engine

The powerful trading engine in the software will provide a smooth trading experience for your users.

  • Crypto Wallet Integration

The software comes with a secure crypto wallet that helps your users to store, receive, or transfer a wide range of prominent crypto assets easily. A multi-cryptocurrency wallet would be incredible for running a superfine crypto exchange platform.

  • Liquidity

Crypto trading is exceptionally fluid to help crypto exchanges and execute them right away. The higher the liquidity, the higher will be the scope of the white label crypto trading platform. The liquidity will help you to increase the user base in the platform and attracts more crypto audience.

  • KYC and AML

It is essential to set a KYC standard and permit users to exchange just on the off chance that they have fulfilled the administrator dependent on the KYC and AML subtleties. This feature will help you to verify the user identification so that you can collect all the information of users before trading.

  • Trading Bot

A trading bot will let your users trade automatically on their capitalization limit. They cautiously break down the market changes and bring out viable trading for your users that draw in them with your cryptocurrency trade platform.

  • Real-time trade view

It is founded on charts. All crypto users will purchase or sell virtual crypto assets based on what the charts say. The users can check the live price of crypto through the chart so that they can make decisions before trading any cryptocurrency.

  • Admin panel

The white label crypto exchange software comes with an advanced admin dashboard so that the administrator of the exchange can manage the user transactions, functionalities of the exchange, and other security aspects.

  • Referral program

Through a reference program, you can gain profit from your users and also help in increasing the user count in the exchange. A commitment in the referral will increase the user to go for referral sign-ins.

  • Crypto payment gateway integration

The crypto payment gateway will help your users to make crypto transactions in a secure and instant way.

  • IEO module

This is a token sales platform where your user can sell the token or crypto coin and create the capital for his/her crypto business.

  • Staking

The white label crypto exchange software has a staking option that helps your users to stake cryptocurrency for a specific lock-in period. The user can pull out the crypto assets after the lock-in period is finished. Finally, the user can collect a reward.

Security Features of White Label Crypto Exchange Software

There are some high-level security features that you need to enable in the software while developing a crypto exchange. Such as

  • HTTPs authentication
  • Jail login
  • Data encryption
  • Two-factor authentication
  • SQL injection prevention
  • Anti Denial of Service(DoS)
  • Cross-Site Request Forgery(CSRF) protection
  • Server-Side Request Forgery(SSRF) protection
  • Escrow services
  • Anti Distributed Denial of Service

Benefits of Using White Label Cryptocurrency Exchange Software

As a startup/entrepreneur you can yield various business benefits by using cutting-edge white label cryptocurrency exchange software.

  • Time saver

When you use this software for starting a crypto exchange business, you can save your development time. So, the white label exchange software takes less time for customizations and you can launch a crypto exchange in a flash.

  • Customizing the prerequisites

In the premium white label crypto exchange software, you can customize the theme, color, design, trading features, and other add-ons as per your business needs. You can examine the fundamental highlights that embrace your nation's guidelines and set in your software to make your exchange remarkable and powerful.

  • No specialized aptitude required

If you are using this software, then you need not bother with any sort of specialized information.

  • Multiple payment methods

One of the advantages of using this software is that your users can trade with no limitations. The software comes with multiple payment methods which enable the users to buy/sell crypto assets with different payment methods in a hassle-free way. As the owner of the exchange, you can collect fees for each successful trading that is occurring on the platform.

How Much Does it Cost to Create a White Label Cryptocurrency Exchange Software?

It is a great question, by the way, the cost of the white label crypto-exchange software varies according to the additional features that you want to induce. If to be said approximately, the development cost of bug-free white label crypto exchange software will range between $8k - $15k. However, the cost of this software may differ as per your business necessities and urgent needs. Make sure that you reach the best white label crypto exchange software provider to get a stunning and secure cryptocurrency exchange platform for your business.

Final Words

Kick-starting a flourishing crypto exchange business by using the best white label cryptocurrency exchange software is the best solution right now. All you need to do is get the software from the professional white label crypto exchange software provider to create a feature-rich crypto exchange platform. I hope this article will help you to start a successful cryptocurrency exchange business with the white label bitcoin exchange software.

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About the author

Martha Olsen

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