Digitalisation has been the ‘way to go’ for many traders in the current era. From traditional assets, many traders have made their way onto digital assets. Cryptocurrencies, the most popular digital assets are highly volatile in nature but they have a great value. Clearly, the need for a digital asset exchange is prominent as well.
Speaking about digital asset exchanges, budding entrepreneurs have always had an eye for building an exchange trading platform and earning high revenue. Keeping the current demands in mind, starting a digital asset exchange is a clever idea. However, the question has been how to develop one in a cost-efficient manner.
In this blog, We at Coinsclone have provided complete information on the best solution if you are looking for developing a digital asset exchange.
How Does White Label Digital Asset Exchange Helps to Create a Digital Asset Exchange Platform?
For creating a digital asset exchange platform, usually, there are two development methods followed by most companies. The first method is developing from scratch and it takes more than a year. Also, the cost is comparatively higher in this method and it needs a bit of technical knowledge as well.
On the other hand, you can develop a white-label crypto exchange for your business which is cost-friendly. It comes with a number of business benefits and the exchange can be deployed instantly. The revenue earned and the profit-making is a great advantage by opting for this method, hence making it an optimum solution for startups.
To build a white-label Digital asset exchange, you will need a white label digital asset exchange software at first.
What is a White Label Digital Asset Exchange Software?
White-label digital asset exchange software is a ready-made solution helping to build a trading platform instantly in a hassle-free manner. It’s a risk free method as the coding script has pre-instilled features and also, the features can be customized as per the entrepreneur’s requirements.
Besides, the software enhances to launch a platform exactly identical to a popular digital asset exchange. Therefore, it has a lot of benefits for the entrepreneurs which is quite essential before starting a business. Before moving deep into it, let’s look at how the white-label Digital Asset exchange software works.
How Does White Label Digital Asset Exchange Software Work?
The white-label digital asset exchange software is quite simple in terms of usage and doesn’t involve much complexity. To understand comfortably, we will first look at the software from a user point of view.
Suppose, if a user wants to buy digital asset in your exchange software,
- The user has to first login or register to start the initial process.
- If the platform is centralized, then the user needs to complete the KYC process.
- Once KYC Is done, a user account will be created along with a wallet. The user can transfer fiat into the wallet to buy digital assets.
- Next, the user can check out the different modes or options to buy digital assets in the white-label exchange. Order book or trading pair is an efficient way to buy digital assets.
- The trading engine matches the best BID for the users and they can confirm once they are satisfied with the equivalent amount.
- The equivalent amount to the digital asset will be transferred from the wallet into the exchange and the order will be completed.
Here’s how the platform admin takes control while a user tries to buy Crypto in an exchange,
- The admin can set the trade fee for his exchange. He can also check and change any content on the website while also being responsible for the logo of the platform.
- Once these are done, the admin will approve or Reset KYC accordingly while also verifying the user’s deposit into the wallet.
- The admin then checks the number of pairs or order that can be traded. The pending orders will have to be approved by the admin as well.
- The withdrawal process cannot take place without the approval of the admin.
The software ensures that the users have a desirable experience when entering the platform. This in turn becomes quite handy for increasing the user base. Next up, it’s time to look into the benefits of white-label exchange software.
What are the Benefits of White Label Digital Asset Exchange Software?
As we said earlier, benefits are the most attractive part about the white-label digital asset exchange software. They have a massive role to play for aspiring startups and let us look into them.
A digital asset exchange software supports security protocols and safeguards user data. It also is a verified and tested software, therefore preventing any cyber attacks from taking place.
Users are not just restricted to trading with limited cryptocurrencies. By using the best software, traders are free to access multiple currencies in the platform which indirectly reflects in number of users entering the platform.
A user-friendly interface which could handle multiple transactions is all needed. Moreover, this platform provides real-time trading experience and traders would probably love the software in the way it has been designed.
Risk Management is the potential advantage of any software. The digital asset exchange software checks for the errors if any. It supports two-factor authentication, know your customers to manage the risks.
The Cryptocurrency Exchange Software provides liquidity for digital assets. This could lower the costs of trading and provide less volatility while trading for users, thereby attracting many into the platform.
Apart from these exchange benefits, there are certain special business benefits for the white-label exchange software which entrepreneurs have to take notice.
- Highly customizable
- Bug-free & secure
- Faster deployment
- Easy-to-use platform
- No need for technical expertise
- High Return of Income
Moving on, let us look into the features of the white-label digital asset exchange software.
Features of White Label Digital Asset Exchange Software
An area where many startups tend to concentrate on while building a trading platform is its features. The features can provide a big impact on the traders and hence, they must be of the highest order to keep the platform’s trust going. Thankfully, the our white label exchange software has got some impressive features, and here are them.
- User Dashboard
- Admin Dashboard
- Support System
- Different Order Types
- Crypto and Fiat Support
- Advanced Chart Tools
- Admin Profit Management
- Futures Trading
- IEO Launchpad
- API Documentation
- Referral System
- Margin Trading
Moreover, our software has a packed security system with best-in-class features.
- HTTPs authentication
- Jail login
- Anti-Denial Of Service (DoS)
- Anti-Distributed Denial Of Service(DDoS)
- End-to-end encryption
- Data encryption
- Cross-Site Request Forgery (CSRF) Protection
- Server-Side Request Forgery (SSRF) Protection
- Two-factor authentication
- SQL injection prevention
All these features have brought about a different kind of experience for the platform users. No wonder, many entrepreneurs are looking to build one soon and add to their revenue stream. Having seen a complete explanation on the white-label digital asset exchange, picking the best white-label exchange software provider in the market isn’t easy.
Why Choose Coinsclone for White Label Digital Asset Exchange?
As we said, Coinsclone is one of the pioneers in the blockchain industry and has an expert team of developers who assure quality always. Our company is quite experienced in the Crypto space and we provide top-notch white label Digital asset exchange software that is hassle-free and easy to use.
Also, the software we provide is quite affordable in the market and eliminates the technical complexity involved in building from scratch. To make sure your exchange runs in smooth manner, our Company is always ready to help out with any queries.
Besides, we at Coinsclone have rendered exchange platforms that remain fully-featured and scalable. Our desired expertise has made all our business solutions versatile. Contact our experts now to get guidance on the best business solutions and to multiply your revenue.