Building a high-value crypto exchange from scratch can be an interesting idea because it can help brands solve the most alarming problems that crypto traders and investors face. But the market is very competitive, so developing a cryptocurrency exchange needs to happen quickly. On-demand development of software for cryptocurrency exchanges not only takes a lot of time but also a lot of extra work and a lot of resources.
With the help of the right white-label crypto exchange development partner and the right amount of customization options, businesses can fine-tune their crypto exchange and launch with a competitive edge.
Let’s understand what White Label Crypto Exchange Software Development is.
“White label” refers to a product that is ready to use and can be changed to make it look like a business made it. White label services offer customized products that look, feel, and have the features and functions that a business wants to offer.
White label crypto trading platform or exchange development is a way to build a crypto exchange that saves time and money. White-label crypto exchange software is a platform for buying, selling, trading, or staking digital assets that are already set up and can be customized and put on the market.
What should a White Label Crypto Trading Platform have?
Strong Trading Platform
A trader who comes to a platform to buy or sell a cryptocurrency cares most about how fast transactions are and how strong the trading engine is.
Support for several Crypto and Fiat currencies
All traders prefer trading platforms that support a large number of cryptocurrencies and fiat currencies.
KYC and AML
The KYC/AML module looks for suspicious users and activity in cryptocurrency exchanges and shuts them down.
Chart Tools of the highest Quality
A white-label cryptocurrency exchange must offer an advanced trading view so that both new and experienced traders can easily come up with trading strategies.
100% customizable Frontend
With the right branding, your exchange can be worth more overall. A white-label crypto trading platform should let you change everything about the front end. Companies can have it changed to fit their branding needs.
Native tokens on a crypto exchange can make the trading platform more liquid, make trading cheaper, and even be used to govern trading platforms.
Integration of Payment Gateways
Multiple ways to pay make a large number of customers more interested and confident in a trading platform.
Bot Trading and the Provision of Liquidity
A white label solution must be fastened with a crypto trading bot that works well 24/7 for traders and a market-making bot that makes it easy to get liquidity.
Support after going Live
Post-go-live support helps businesses solve problems that come up at the last minute or after the deployment.
The company that builds crypto exchanges must make mobile apps that work well and have top-notch features and functions so that exchange owners can reach customers who trade using smartphones.
API and SDK work together
When a white-label exchange script has all the necessary APIs and SDKs, it can make sure that the exchange platform works well and gives traders a world-class experience.
Integration of Hot Wallet
A white-label cryptocurrency exchange that works with a hot wallet and has bank-grade security is key to gaining the trust of users and keeping them for a long time.
Implementation of Firewall and Firebase
When used correctly and fairly, firebase and firewalls could stop malicious users from getting in.
Businesses can offer a unified trading experience by putting staking and other modules into a white-label crypto trading platform. It lets them do different things related to digital assets on one platform.
Multiple Order Types
Strong trading platforms from reputable technology providers can handle different types of orders, like market orders, stop orders, limit orders, and other advanced order types.
With support for multiple languages, cryptocurrency exchange can reach more people around the world. Make sure that the default user interface of the white label exchange software script works well for both languages that read from left to right and languages that read from right to left.
Program for Reward and Referral
Reward and referral programs that offer users money can be used to get more people to use a crypto trading platform.
Security with multiple layers makes it impossible for unauthorized people to get into exchanges. SSL, Two-Factor Authentication (2FA), and other advanced security systems allow for encrypted user access, automated limits on how much money can be withdrawn, and login security.
How to use White Label Exchange Software Script to start a Crypto Exchange?
If you want to use the knowledge of other crypto exchanges, you must choose a white-label crypto exchange software development solution that has all the best features on the market. When choosing a white label exchange platform for your business, you need to think about both how it works technically and how it helps you make sales.
Here are some things to think about when using a white label exchange software script to start a cryptocurrency exchange:
- Get professional legal advice to make sure you meet all legal and regulatory requirements.
- Plan your budget and choose a crypto exchange provider whose quote fits within it.
- The cost of a white-label cryptocurrency exchange should be a one-time fee with no royalties or compensation clauses.
- Make sure the white label exchange platform they offer has all of the above-mentioned best features.
- Plan your market-making strategy and adjust your legit market-making bot accordingly.
- Make sure you get more people to use your site by adding prominent payment options that your target audience will like and market-leading security practices.
- Even if you go through a lot of trouble to make sure your crypto exchange platform is safe, you should still do beta testing before releasing it to the public.
- Plan marketing, public relations, and customer service for your cryptocurrency exchange platform, which is now live after a beta test.
With the help of a white-label crypto trading platform, you can set up your own crypto exchange. However, you can’t do this without a reliable technology provider. So, make sure you’re relying on the right one since coming up with a solution like this is hard and takes a lot of knowledge and experience.
Save a lot of Time and Money with White Label Exchange Software Script
Putting together a p2p crypto exchange development from scratch could cost millions of dollars in research and development.
Here are some ways that white label cryptocurrency exchanges are good for business:
- Made it easier to see
- Customers’ trust and loyalty have grown
- More room to grow
- The easiest and fastest way to get into the cryptocurrency market
- 24/7 Support
- Cut down on the costs of development and research
- Better security