Are you thinking about starting a cryptocurrency exchange business? Without a doubt, cryptocurrency exchange platforms have evolved into a vital resource for startups. The demand for cryptocurrency exchanges will only grow as the market for cryptocurrencies is predicted to reach $1 trillion in value by 2024. Fortunately, businesses can enter the world of cryptocurrency trading without having to create from scratch. They can build their own white label crypto exchange software with the help of various exchange development company or software developers.
In this blog, we will walk you through how crypto entrepreneurs can create a best whitelabel cryptocurrency exchange website or mobile apps for iOS and Android, its features, benefits, and more.
White label crypto exchange software – A comprehensive overview
When businesses develop an exchange platform from a service provider it is referred to as white label crypto exchange software. With the help of this exchange software development solution, businesses can quickly enter the cryptocurrency market without spending a ton of money or hiring a lot of software developers. They can develop their own whitelabel cryptocurrency exchange software and can also customize the features like user interface, and others.
This will help them to launch a fully operational whitelabel crypto exchange platform suited to their particular requirements. By providing users with a safe and seamless trading experience while concentrating on their primary business strategies and objectives, this strategy offers businesses a cost-effective and efficient way to establish their presence in the cryptocurrency industry.
But why business has to particularly choose to build a white label crypto exchange? Is there any benefits for business owners? The next section exactly answers that question.
Benefits of choosing to create a whitelabel cryptocurrency exchange software for startups?
For startups entering the cryptocurrency market, they have to develop a white label exchange software that offers a number of significant advantages. Several benefits are as follows:
Low development costs and timeline
Businesses can save huge sum of money and time by choosing a white-label cryptocurrency exchange software development compared to conventional development solutions.
The white label crypto exchange software development solutions can be fully customized and seamlessly incorporated into other already-existing software, making it easy to launch.
User friendly & secure
If startups choose to create a white-label exchange application, it has the best user interface that is intuitive, attractive & secure. This attracts more users to the platform.
White-label crypto exchange software offers high scalability. Businesses in the future need not worry about the large volume of users or advanced features, it will easily fit in this software.
A key component of any digital business is security. This whitelabel cryptocurrency exchange software is very secure along with the information and data about the users & platform.
White label crypto exchange software is an alternative to building one from scratch. Therefore, to launch a whitelabel exchange crypto app is very cost-efficient.
Some of the benefits that business can gain is mentioned above. Any business owner can take advantage of this software and build a best white label crypto exchange application.
These are some of the amazing benefits that this software offers, but how to develop this whitelabel cryptocurrency exchange platform?
How to develop a white label crypto exchange platform?
The step-by-step development process has to be very precise to launch a successful white label crypto exchange app. These are the key steps involved in the white-label cryptocurrency exchange software development.
- Establish a budget and conduct research on the cryptocurrency market.
- Create an appropriate legal entity and a thorough KYC/AML policy.
- Obtain licenses from the relevant authorities.
- Get a license for a cryptocurrency exchange and meet security requirements.
- Get in touch with service providers or cryptocurrency exchanges development company
- Configure the trading engine and rest API integration.
- Establish a system for order routing
- Create a UI & UX that is easy to use and customizable.
- Test security and use ethical hacking
- Configure wallet and cross-platform compatibility
- Fund deposits and new user onboarding
- Enable cryptocurrency trading with lots of features.
- Carry out post-launch maintenance and monitoring.
You can create an advanced and adaptable white label crypto exchange software that supports your business goals and offers a seamless trading experience for your users by following these steps.
Now let us have a look at the features of the exchange, that gives a seamless experience for users to trade in your exchange platform.
Advanced features to include in the White label cryptocurrency exchange software
White label cryptocurrency exchange platform must typically include a number of key admin and user features to give a secure and effective trading for users. The following are some typical features to include when you create a top whitelabel cryptocurrency exchange platform:
- Admin user management
- Admin dashboard
- ICO listing & token creation
- Multiple digital currencies
- Robust trading API
- Integrated payment gateways
- Multi-factor authentication
- Risk management
- Cross-platform trading
- Enhanced security
- Real-time data analysis
- Auditing & logs
- Trading fees
- Auto sequencing
- Security settings
- Graphical interface
- Liquidity management
- IEO integration module
- User profile
- Secure account login
- Crypto wallet integration
- Deposit/withdrawal options
- Customized user interface
- Order types
- Limit rules
- Transaction history
- Multi-factor authentication
- Margin trading
- Trading bots
- Push notification
- Referral program
- Fiat & stablecoin integration
- Market price data feeds
- Exchange rate
These are some of the essential features that support your long-term development of the cryptocurrency exchange. Additionally, these features can be easily customized to suit your preferences.
Then, you might wonder, how to attract user after the whitelabel crypto exchange development. You need to follow the best marketing and promotion practices, which are explained in detail below.
Marketing strategies to promote the whitelabel crypto exchange platform
Any successful business must have a solid marketing plan. Several strategies can be used to promote a white-label crypto exchange platform. This entails producing content, such as blog posts on cryptocurrency-related topics, implementing SEO techniques, interacting with users on social media, and running targeted advertisements. To raise platform awareness, the platform can also collaborate with businesses that deal in cryptocurrencies, host webinars, and advertise giveaways. This will not only help to grow the customer base but also the overall visibility and reliability of the whitelabel crypto exchange platform.
By following these marketing tactics, your white label crypto exchange website or apps will be very popular in the market in no time. But when it comes to a user-centric point of view, security is one of the main constrain. So how secure is the software? Let’s get some idea about it.
Security features to incorporate in white label cryptocurrency exchange software development
Strong security features must be incorporated when creating white label cryptocurrency exchange software to guarantee the platform’s security and reliability. The following are some crucial security features that a white label crypto exchange platform must have:
Know Your Customer (KYC)
KYC is the process that involves confirming a customer’s identity. Thus, will detect any fraud and money laundering in the exchange.
Two-factor authentication (2FA)
This is a security measure that prevents users from accessing the account until their account until they have successfully validated either with OTP or mail confirmation or biometric.
DDoS protections will protect your server and the exchange from malicious attracts by implementing the most advanced DDoS technology.
This technology is used when you develop a white label crypto exchange software. It makes sure that there is enough liquidity to support the exchange.
SSL or TLS encryption
The SSL or TLC encryption is used to encrypt communication between the exchange platform and user devices. All the confidential information even logins are shielded.
Develop a firewall system with multiple layers to track and filter incoming and outgoing network traffic. As a result, logins from unauthorized access are detected and prevented.
These are some of the crucial and important factors in a white label exchange software. This keeps the platform very safe and secure.
Every entrepreneur who starts a business is always in the search to make profits. How can they make profits by developing a white label crypto exchange platform?
How startups can make money with whitelabel crypto exchange development?
One of the top benefits of utilizing exchange software is that startups can take all the advantages they typically receive from a traditional exchange. Different platforms charge different trade fees, and since P2P exchanges do not use middlemen, they do not collect trade fees. However, there are numerous ways to use the software to make money. Here are a few of the modules that startups can use to generate income.
- Transaction fee
- Fiat deposit fee
- Listing fee
- Affiliate marketing
- Crypto staking
- Premium subscription
Entrepreneurs can easily establish their creativity in the revenue aspect in addition to these common methods of making money. In fact, the revenue modules will be higher the more features the platform has. However, the price of the white label crypto exchange solution might be slightly affected.
How can Opris help you with White label crypto exchange software development?
Opris is offers one of best white label crypto exchange software development services. We software developers create the most cutting-edge and secure white label cryptocurrency exchange solutions. Our skilled team offer premium solutions that can be customized within your budget. As the best software providers, our end-to-end services has all the latest features and functionalities. Get started with your businesses and launch a white label crypto exchange platform and make huge profits.
Finally, white-label software development for cryptocurrency exchanges is a potent option for businesses looking to enter the digital asset market. A white-label solution can assist businesses in easily launching a secure and reliable platform for buying and selling digital assets because of its many advantages, including customization options, scalability, security features, and liquidity.