For a long time, Crypto exchanges and their revenue-generating factors have attracted many startups. Popular Crypto exchanges like Binance are earning huge profits due to the high trading volume. However, there has always been a question mark about how to develop a Crypto Exchange with low investment. Well, the perfect answer to them is White Label Software.
White label Exchange software development is by far the best solution for startups who aspire to build a Crypto exchange instantly. Since the software is readily built, it reduces the customary time needed to develop an exchange. The development solution also has been incorporated by many budding startups and they have found great success already.
In this blog, We at Coinsclone have presented you with complete information on White label Exchange software development that would take your business to the next level.
An Overview of White Label Exchange Software Development
White label Exchange software development is the process of starting a Crypto exchange with the help of pre-fabricated software. As an entrepreneur, you would probably be sometimes worried about the total cost of the software, whether will it be feasible for your business, etc. In that case, white labeled software helps you in a large way in terms of the cost involved, customizations, and the time factor.
As far as alternative development solutions are concerned, you can start a crypto exchange by developing from scratch. However, it will usually take more time up to a year and you have to spend your hard-earned money on it. On the other hand, if you go with the White label Exchange software, the development process for your exchange is comparatively easier and can be completed within a week.
If you are wondering about the reasons for White label Exchange software Development, we have listed them next.
Reasons for White Label Exchange Software Development
White label Exchange software comes with a number of business benefits. These benefits act as the main reason for white-label Crypto Exchange development. Here are the reasons.
Faster Deployment
When you use a White label Exchange software to start a crypto exchange trading platform, you can build a platform instantly. As you already have ready-made software with you, starting your exchange can be done in no time. If you have any urgent requirements, the White label Exchange software platform can be a more beneficial one for you.
Cost-effective
Cost is a major factor for startups in any field and thankfully, the White label Exchange software development saves more money. The solution is quite affordable in market terms compared to other development methods and entrepreneurs can make big profits in less time.
Reliability
As you buy White label Exchange software only from a top development company like us, you don’t just need to worry about reliability. We at Coinsclone, are always available to assist our clients in terms of issues if any, or with queries.
Helpful if you lack technical expertise
With White label Exchange software development, setting up your own exchange platform will be a hassle-free task even though you don’t have technical knowledge of the domain.
Boosts the Brand visibility
Your branding will be boosted to higher levels since you already have branded software with you. As the product will have your own name, own design, own logo, your brand will be visible to your target audience. In fact, the growth of your platform will also be boosted as the software is already tried and tested.
Moving on, we will look into the features of White-label Crypto Exchange.
Features of Coinsclone’s White Label Exchange software
Instead of explaining the features altogether, we have segregated them into core and security features separately. First, let us look at the core features of the White label Exchange software.
Order book system
The order book consists of all the details about the current trades taking place and the market prices. Additionally, the users can check for their balances, perform withdrawal requests, etc. And as an owner, you can verify the requests and operate them effectively.
There are different types of orders in the Crypto exchange which include limit, stop, stop-limit, trailing stop order, and more. Users can choose which type of order they want while trading.
Cutting-edge trading Engine
Our advanced trading engine in the White label Exchange software assures fast matches for buying and selling for users without latency. The trading engine has a massive part to play in the users gaining trust in the platform.
Margin Trading
We have integrated the Margin Trading feature in our script, which will enable users to perform trading at certain margins. Traders who are with a limited amount of crypto resources can select this feature to add leverage to their position or investment.
Initial Exchange Offering Module
As Initial Exchange Offering is the neoteric strategy in the industry, we have embedded IEO as well. Being a proprietor, you can verify the IEO projects which can be listed in your exchange platform.
Liquidity API
Liquidity is the primary factor we consider when we start a cryptocurrency trading platform. Therefore, to enhance liquidity, our API provides the ideal connection with external exchanges.
Admin Dashboard
As the platform admin, you can manage the users, and check for the buy-sell transactions of the users. You can completely customize the entities in the panel as per your needs. The dashboard provides you the information on currently running exchanges and the transactions which had happened up to date. You can also filter them.
User Dashboard
From the users’ point of view, they can get an appealing and interactive user dashboard. They can also check the live prices and statistics of the Crypto industry. Besides, the users will have a number of trading options according to their requirements.
Trading Bot
Your users don’t just need to worry about performing trades since the Trading Bot will be responsible to perform buy and sell orders of these virtual currencies in their absence. It reduces the amount of energy or effort involved in trading and will attract more users to the platform.
Mobile Application for Android & iOS devices
Since most proprietors & traders make use of mobile trading devices to perform trading, we turned them into reality. With our White label Exchange software platform, one can instantly perform the process in seconds on both Android & iOS devices.
Cryptocurrency wallet Integration
We bring in a secure cryptocurrency wallet to store the cryptocurrencies and private keys safely. We have implemented security protocols to ensure the stored Cryptos are safeguarded in the wallet.
Apart from these, our White label Exchange software comes with high-end security. Let’s look into the security features provided with our script.
- HTTP 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
- Anti Distributed Denial Of Service
Having seen the features, you might be tempted to know how much the White label Exchange software costs.
White Label Exchange Software Development Cost
As we already mentioned, the White label Exchange software development is quite budget-friendly. The cost might differ based on your requirements, however, still, it looks affordable when we compare it to the current economic situation. Approximately, the cost of our white-label Crypto Exchange software ranges from $7,000 to $14,000.
If you choose other methods like the development from scratch, the cost could go up to $1,00,000. Comparing both these development methods, using white label software is definitely a better solution and we suggest the same.
Finally, let’s look into why should you prefer a development company like ours for your White label Exchange software.
Why Choose Coinsclone for White Label Exchange Software Development?
We people at Coinsclone are known for delivering quality software with all customization available for budding entrepreneurs. With enough experience in the industry, we stick to your requirements and additionally help with much more strategies.
Once you have the White label Exchange Software, the initial thing is to check whether you have all the features which you are expecting in the exchange. If not you can customize the entities with us which can reduce half the workload involved. Our development solutions at Coinsclone are purely tailor-made which will be helpful to you in the case of any alterations.
Being a classic development firm in the industry, we have so far delivered an ample amount of software to our global clients. If you have any urgent requirements to create a cryptocurrency exchange, we are ready to assist you with your needs.