As an industry-leading cryptocurrency software development company, we have a vast pool of expert developers. Acryptocurrency software development company has the uphill task of designing and building products for the burgeoning, open financial sector. Nevertheless, there’s a mushrooming White Label crypto exchange of companies and services in this domain. Consequently, it’s crucial for you to choose the one that’s best suited to your needs. One of the most popular platforms for trading cryptocurrencies is Bittrex, which lists the largest number of different types of coins that its users can trade.
The use of sophisticated jargon used in transactions makes beginner investors uneasy. In addition, the lack of a centralized organisation to offer legitimacy makes the transactions dangerous and even unclear. Cryptocurrency investors have had their fair share of controversies. To protect themselves from such incidents, conservative investors seek to work with a trusted intermediary. Investors believe that by employing the services of these exchanges, they may avoid scandals because these firms have a physical presence and are controlled by the government. One of the considerations when deliberating whether to purchase a white label exchange software is the necessary up-front capital.
ChainUP is providing world-class white-label cryptocurrency exchange solutions. Adopting a Software-as-a-Service business model, ChainUP facilitates the deployment of complete or selective modules such as Crypto-Crypto, OTC, and User-to-Contract transactions. In this section, we will highlight some of the white label exchange offerings from leading cryptocurrency software development companies. The five names enlisted below aren’t arranged in any hierarchical order. One of the most popular platforms for crypto trading is the Kraken. They have a good selection of both cryptocurrencies and tokens, as well as a variety of margin trading.
These types of exchanges are preferred by some users, but they do not have facilities for the trading of fiat currencies for cryptocurrencies. Some major examples of Decentralized cryptocurrency exchanges are – io, Barterdex, Blocknet, and AirSwap. Relying on an open-source product is never the best option to go with. Next, the security can be compromised easily because there may be many loopholes that your in-house developers cannot see.
Liquidity with Automated Market Maker for the DeFi Exchange Solution
Customers are often more concerned about the safety of their funds while making internet payments. If you own a business, you most likely know how demanding and impatient clients can be. To ensure that your clients do not question the legitimacy of the payment services, you can design the product by your vision and properly customize it. This will enable you to serve each client’s needs better and attract more loyal customers. Backed by deep liquidity accrued from over 300 exchanges, ChainUP offers a vast array of solutions for derivative management. Further, ChainUP has a three-layer wallet security framework, apart from a robust DDoS Defence framework for the overall network.
Even the White Label Bitcoin Exchange created a buzz across the globe. The development companies started evolving white-label solutions. In simple words, white label services can rebrand and resell products to users. Cryptocurrency exchanges are developed by reliable companies so that businesses can rebrand their products.
Unlike traditional methods of exchange, the prices of cryptocurrencies will not be fixed. But this is only one side of the coin, there are more features inside the exchanger. When looking for the best crypto trading platform, keep an eye out for the following features.
And if you’re still stuck, check out our guide to Cryptocurrencies for Beginners. The platform’s high-performance trading features enable secure and rapid transactions. Just like the stock exchange, individuals can also invest in other cryptocurrencies on the market via trading. Most cryptocurrencies are volatile, meaning that their value can greatly differ from one day to the next.
Potential Problems Solved By White Label Cryptocurrency Exchange Script
To use decentralized exchanges, you must have a decentralized exchange compatible wallet, which you can connect to the exchange. Take ZeroX, for example, which allows you to convert one cryptocurrency to another by taking maker and taker orders. The protocol takes your order from your wallet and connects to a smart contract, executing an atomic swap that instantly transfers funds from one token to another. In this quick process, the maker and taker orders are moved to the appropriate wallet.
A white-label solution allows you to focus on the essentials of your business and help it grow more efficiently. An initial coin offering is an unregulated means by which funds are raised for a new cryptocurrency venture. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
Partner with a payment processor/bank
Make sure that you thoroughly check their background and provide them with all the necessary information. Also, make sure that the technology provider you choose fits seamlessly with your business’s needs. Besides conducting a thorough background check, you should also ask them about their technical capabilities. One of the most common reasons why people buy bonds and stocks is due to the high fees that are typically charged by financial intermediaries. However, with the emergence of digital coins, the role of brokers has been greatly reduced. Aside from being safe and fast, cryptocurrencies also have a significant advantage over other forms of financial transactions.
- These types of exchanges are preferred by some users, but they do not have facilities for the trading of fiat currencies for cryptocurrencies.
- As a crypto owner, you could lose the private key that lets you access your coins—and with it, all your holdings.
- Even when you spend more, be ready because the developers will spend time studying architecture and the database for which they will charge a decent amount of money.
- It means that a trader sells or purchases crypto for another crypto or fiat without receiving the price difference.
- In May of 2021, a trading volume of about $5,000 billion was recorded on cryptocurrency exchanges.
- There are various factors that can be considered when it comes to choosing a platform.
- In rare cases, you could expect about 12 to 14 months for detailed planning, architecture, design, and debugging.
You are selling marketing services but you don’t know how to build software. Create your park of high-end software integrated under your own agency domain. If launching a cryptocurrency exchange doesn’t seem like a good fit for you, there are plenty of other white label alternatives you might want to explore. The main reason to opt for a white label solution is, of course, the speed of deployment. Since the software solution is already built by a professional development company, all you need to do is customize it to reflect your brand, and you’re good to go.
Although it’s important to have one in place to safeguard your exchange against scams and security breaches, there’s no reason to make the verification process unnecessarily complex. Most exchanges make money by applying small fees on each transaction on their platform. When you’re just starting out, it’s always best to research what fees other exchanges are applying and entice traders by charging a bit less. Transparency is key here, so make sure to clearly display this information on your website.
Consistent Growth in the Crypto Space
Infinite Block Tech’s white label cryptocurrency exchange supports all major crypto and fiat currencies. The platform is also compatible with ERC-20 tokens, and it provides high-level liquidity to allow users to access quick conversion. A White label cryptocurrency exchange is a ready-made protocol, which would https://xcritical.com/ allow you to launch a similar platform in the shortest possible time. Not every developer provides a unique design for the client, and you can easily identify such platforms. Only a few companies offer core customizations, and when these companies do this, they add an additional cost for the software license.
These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. A cryptocurrency analysis involves examining all the available information about a digital asset. Understanding and researching the topic helps an investor to determine its trends better. Cryptocurrencies are digital currencies that are not controlled or supported by any central authority like banks.
Is investing in crypto safe?
Two-factor authentication and KYC are security measures that help achieve high levels of security for risk-free and safe trade. Users can make payments using their preferred payment options thanks to the integration of numerous secure payment gateways. If the trader from the example above isn’t successful, and the value of Bitcoin starts dropping to the point where they would start losing your money, you would “call-in” their margin.
Types of Cryptocurrency Exchanges
In addition, most exchange solutions have a “pay as you go” option that will make the experience of starting your exchange much less stressful. Quite often, fees are extracted as you gain transaction volumes, so you will not pay for resources you do not need. This article will not go into every exchange white label solution out there, but will mostly focus on the positive and negative aspects of this kind of software. Still, by doing your own research and testing out the options for yourself, it is possible to know if the solution is right for your situation.
This should be readily available in the crypto white paper, as well as on the company website. The vision of a crypt project should give enough details for investors to understand what problems they are solving, as well as the potential user base for their solution. Cryptocurrencies are a new type of technology that are designed to improve financial services, as well as solve financial problems. Crypto projects are built on blockchain technology, but there are many innovations and variances to how they function.
What is a cryptocurrency exchange?
To solve this issue, the smartest solution is to hire an external security expert to perform all necessary verifications, to give you and your users absolute peace of mind. A good white-label solution will have a liquidity solution that allows your markets on your exchange to be full. This means no empty order book and flat charts, and also that customers will have confidence in your exchange. Strict regulatory compliance and KYC-based onboarding ensure safe counterparty interactions, for both online and offline transactions. Further, high-risk accounts are subjected to force liquidation, fostering a clean trading environment.
Using a smart contract to perform trade without using an intermediary will make peer-to-peer trading easier. Ensure that your decentralized exchange is more transparent and faster. The immutable Smart contracts allow for seamless automated verification and processing of transactions. On top of that, most white label exchanges will come with an annual or a monthly license subscription, which is an additional expense. You’ll have to get off your feet rather quickly and ensure you have a steady stream of traders active on your platform, or you might risk losing money. Having marketing assets and materials provided will save you a lot of time and will facilitate the promotion of your crypto exchange.
In the end, both the company that developed the white label crypto exchange software and the reseller can generate a decent profit. It boasts an extensive team of experienced blockchain developers. In fact, these experts have built a white label crypto exchange that provides customization and security over everything else. The next best option is to build your product on your own, but this takes time and the cost is on the high side. You can also work with us at Rejolut to do this, but it is okay to start with a white label solution and contact us for customization or design after using our white label product. If you launch with a white label product and you provide exceptional services, you will have enough funds to kickstart your original project in no time.