Have we ever imagined that cryptocurrencies would be accepted as a payment method in famous Starbucks, Gucci and other companies? No one would have imagined that. Once an imagination has now turned into reality. Even though cryptocurrencies are considered a profitable investment, people are afraid to invest in cryptocurrencies as they are only in the form of digital assets.
But, due to technological advancements and security features, cryptocurrencies have become more secure and now they are making a digital revolution. As mentioned earlier, they have become one of the payment methods in various sectors. To execute the payment seamlessly, a feature-rich crypto payment gateway is needed. To fulfil crypto investor’s needs, many crypto payment gateways have evolved in the crypto market to offer the best payment services for crypto investors.
However, the best and ideal crypto payment services providing gateways can be counted in numbers. There arrived new business ideas for newbie startups and entrepreneurs which has now become a golden lottery. When a business idea comes into existence, the investment ie., the Cost to Develop Crypto Payment Gateway has become the biggest query of startups.
If you want to clarify all your queries regarding the development cost of a crypto payment gateway, you have landed at the right place. Keep reading for further information…
What is Crypto Payment Gateway?
A Crypto Payment Gateway is a platform where cryptocurrency transactions are executed between a merchant and a user securely. Crypto payment gateways are created with a blockchain network where the transaction details are immutable and transparent. Through this Crypto Payment gateway, the cryptocurrencies can be transacted in a fast and secure way. In simple terms, the crypto payment gateway acts like GooglePay and Stripe which is used for transacting fiat currencies.
Many Crypto Payment Gateway platforms are now in existence which provide enhanced payment services. With a minimal investment, you can also shine in the crypto industry through Crypto payment gateway development. As you have taken Crypto Payment Gateway development as your business, it is necessary to analyze the crypto market and the popular payment gateways of 2023.
Best Crypto Payment Gateway Platforms of 2023
As per the reports of January 2023, the Crypto Payment gateway market is expected to reach $5.4 billion by 2031 with 18.7% growth of CAGR. From this, it is evident that the market for Crypto Payment gateway platforms will be bullish in the upcoming years. The best payment gateways of 2023 have been choosen based on their payment services, security measures and features. Some of them are,
These are some of the Crypto Payment Gateway platforms that have got the limelight in the crypto industry.
If you are also interested in developing your own Crypto gateway platform like this, then you can get their clone script from a reputed Cryptocurrency Payment Gateway Development Company. They offer you the ideal clone script that is feature-rich and reliable for your business. While you have decided to launch a reliable payment gateway, the foremost query among startups is about the development cost.
There are a wide range of factors that play a pivotal role in the development cost of a crypto payment gateway. So, be aware of them before getting into the process of development. For your understanding, we have given them in detail.
Factors Influence the Cost To Develop Crypto Payment Gateway Platform
Complexity of Features
The important factor that will influence the cost would be the integration of complex features in the Payment gateway. As much as you offer unique features, you will stand out from other crypto payment gateways. When the features get complicated, the developers and experts are hired more in number to integrate them. Hence, this is the important factor that influences the cost to develop crypto payment gateway platform.
The common features include an attractive dashboard, deposit/withdrawal history, transaction history, cryptocurrency balance, account settings, and security protocols. Other than these, you can also integrate high KYC security features, referrals, coupons and enhanced biometric features for your users. Based on these features, the cost can vary.
Choice of Development Company
Numerous Cryptocurrency payment gateway platform development companies are offering payment gateway services. But, only a few provide you with the ideal services with proper guidance. Based on the company’s developers and experts, the cost to develop crypto payment gateway platform can vary. As much as the developer team size is bigger, the cost will increase.
The important factor that plays a crucial role in the development process is the technology stack. The technology stack includes the choice of blockchain network, UI/UX design, advanced technological tools, payment gateway application, back-end, front-end features, API integrations etc.
For these, premium tools are used to offer you hassle-free Crypto payment gateway development. You can either provide your gateway platform as an app, website or desktop app. If you want to offer an attractive user dashboard, various tools are used for that. This plays a major role in the cost to develop crypto payment gateway platform.
Even though you are ready with your Crypto Payment gateway, it is crucial to run a test before launching in the market. This helps you rectify any technical errors or bugs in the platform. Testing and debugging is the final stage, so be careful about the process.
These are some of the important factors that influence the cost of developing a Cryptocurrency payment gateway platform. The Crypto Payment gateway development would be a worthy business idea if you consider these factors. While you tend to launch your cryptocurrency payment gateway, look out for these factors.
Apart from this, you may ask us…
How Much Does It Cost To Develop Crypto Payment Gateway Platform?
The average cost to develop crypto payment gateway platform ranges from $10,000 to $20,000. You can either choose scratch or White-label crypto payment gateway development method. When you tend to develop from scratch, every process of the creation will be from the beginning. You are the one to integrate your ideas for your business. This can be beneficial, but it takes quite too long to launch your crypto project. In addition to these, your crypto payment gateway project would be expensive and go ahead of your budget.
To an average, the cost to develop from scratch would range from $25,000 to $1,00,000. For this method, you need a skilled set of developer team to guide you. Hence, it is better to go with the second method of White-label Crypto payment gateway. White-label is nothing but the pre-fabricated or fully-developed software of an existing popular crypto payment gateway that can be deployed instantly.
A pool of experts and developers would be ready with this software so that you can customize it accordingly and launch it. If you need any additional features and security protocols, you can also integrate them. The average cost for a White-label Crypto Payment Gateway would range up to $10,000. For additional features, it may cost $3000 to $5000. Still, are you in the confusion of choosing the development method? Leave your worries. We have provided the benefits of obtaining white-label software. This will give you a clear idea of the white label.
Let’s have a glance at….
Benefits of Choosing White Label Crypto Payment Gateway Development
As an enthusiastic startup, you may be in a dilemma in choosing a White-label crypto payment gateway. That’s not a big deal. By analyzing the business perks, you may have a clear idea.
Time & Energy Efficient – The first thing to focus on for launching a crypto project is time management. As the White-label software is completely developed, you can just test and deploy it. Are you eager to know the deployment time? Within 7 to 15 days, you can launch them instantly. This will also save you energy.
Wide range of Revenue Streams – The crypto payment gateway will be a worthy business idea as this offers you various earning streams. You can make money from charging fees for every transaction and fixed charges for specific cryptocurrencies. With a minimal investment, you can reap huge profits.
Can be Customized – Even though the white-label software is completely developed, it can also be customized as per your business needs. You can integrate any of the needed features, functionalities and security factors.
Essential Need Leads to Global Outreach – As a crypto payment gateway is an essential need for secure crypto transactions, the market won’t fade. While the need and demand are constant, people would search for an ideal crypto payment gateway. Hence, through this, you can obtain global investors for your business.
These are the business advantages of acquiring a white-label crypto payment gateway software. We people at Coinsclone offer you the best white-label solution for your crypto business. But, here you may ask us….
Why is Coinsclone Unique for White Label Crypto Payment Gateway Development?
Our developer team at Coinsclone have delivered almost 90+ crypto projects to our client satisfaction. This is a live proof of our expertise and experience in the crypto field. Our premium White-label Crypto payment gateway comes with high-end security features, functionalities, an attractive dashboard and a technology stack. In addition to these, you can also optimize the white-label software as per your business choice.
Compared with other Crypto payment gateway development companies, Coinsclone has been a well-established and leading company for the past 6 years. So, without any oscillation, choose our expert team for launching your payment gateway. Apart from these, we are also offering crypto token creation services, crypto exchange development and NFT development services. Even after the completion of the crypto project, our expert team provides you with the required assistance and support. Then, why wait? Call our team and grab a live demo!!