Being a business person or enthusiast in this digital world, you might be probably aware that cryptocurrencies are taking over the financial market. This is all due to the profits and revenue created by trading them for various financial transactions. This is where the Cryptocurrency exchange comes into the picture. Also, it gives high returns to whoever invests in it. This created hype among budding startups and business people to start a user-friendly cryptocurrency exchange.
So, they are in search of the finest methods to develop one. But ultimately, the development of crypto exchange will be fairly expensive. So, to overcome such investment drawbacks, I offer you the best and most reliable way ~ White label crypto exchange software.
This white label crypto exchange software is the exact method for startups who wish to launch a crypto exchange cost-effectively. Because the development of crypto exchange from any other method would be fairly expensive. Which cannot be invested by such budding startups.
So, to be exact, the cost of a White label crypto exchange software or script would cost around $12,000 - $15,000. This price is fairly possible for a budding startup like you unless you are compatible to go with the features. Also, the customization of the features you decide on your crypto exchange will be excluded from this price.
On the contrary, the development from the base and other ways would cost around $50,000 to above. This price is really expensive for a startup. Also, it involves the development cost, manpower, and other security measures that you take to design your crypto exchange.
So, the only cost-effective way for a startup is to use this White label cryptocurrency exchange software to initiate your business.
To be more precise, let me share some factors that determine the cost of this white label crypto exchange software. So that you can simply proceed with your crypto exchange business without any hesitation.
Since you go with this white label exchange solution, it reduces the development cost of your crypto exchange drastically. This White label crypto exchange is a ready-made solution with the necessary features and functionalities to be integrated. This solution will in turn reduce the cost of investment that you put in the development process. So it saves your time and cost. This saved investment can be later used for your branding and promotional activities that reach your targeted audience.
And the cost of this white label crypto exchange is determined by the features and customizations that you prefer. Because as a budding startup, you might have an image of how your crypto exchange should be. In that case, you will look for customizing the options and features in this white label solution. This customization will cost you as you are enriching your crypto exchange with desirable features of your own.
But do you have a complete idea of the extraordinary features that need to run a crypto exchange??
If not, let me share those. Some of the compelling feature a crypto exchange should have are,
- Admin Console
- Staking module
- Intuitive UI
- Margin Trading
- Referral program
- KYC/AML
- Wallet integration
- Payment gateway integration
- Multi-currency support
- Liquidity tools
- Data Encryption
- Escrow system
So, these features are necessary to run a successful crypto exchange platform. Also, they will already be blended into this white label solution. Besides, you can also select which feature to be added and removed as per your business view. In that case, the cost of the white label solution varies from the mentioned price. Choose wisely!
Another factor that determines this cost is the additional modules you prefer to incorporate into your crypto exchange platform. Speaking of that, these modules can contribute directly to the revenue ways of your crypto exchange. So, it is very crucial to add these modules to your exchange business. these revenue-generating modules are,
- IEO launchpad
- Margin Trading
- Staking module
- Crypto derivatives
These modules will contribute various profits that result in changing the course of ROI generation.
These are some factors that reflect the approximate cost of this white label crypto exchange solution. Also, it depends on your business view and needs and your imagination of how it should be. Eventually, the other advantage you get by using this white label solution is time effective.
As you are using this white label software to start a crypto exchange, it will deploy instantly. All that you have to change is its outlook and some essential features that reflect your ideas on the crypto exchange business. This will in turn enrich your branding and the popularity of your crypto exchange.
As a startup, you might be considering building a cryptocurrency exchange from scratch may seem like an irresistible prospect for your businesses. But, the edges of opting for white label crypto exchange software are difficult to ignore.
On the whole, if you are a startup or entrepreneur who is looking to create a crypto exchange instantly, you can go with White label crypto exchange software. This helps you to set foot soon in the crypto space and reap returns.
So, after knowing this efficient method of creating a crypto exchange, as a budding startup, you might be thinking of getting this white label solution ASAP. Right!!
But before that, you must foresee the right crypto exchange software provider in the industry. Only a professional crypto exchange software provider will be the one to deliver the service of your need with the potential to empower businesses in the crypto industry. So, All you need to do is find the right provider in the industry and join hands with them for a better future!
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