A Complete Guide for Building an Effective White label Cryptocurrency Exchange

A Complete Guide for Building an Effective White label Cryptocurrency Exchange

Bitcoins and other cryptocurrencies are hot talks in the blockchain industry right now. Because cryptocurrencies made a huge impact on the marketplace. This made many people trade crypto coins in the exchange websites. There is an increasing number of users in crypto trading. This instigated many business people to start a cryptocurrency exchange business. Also, many young startups and entrepreneurs had an interest in starting their own cryptocurrency exchange platform.

Developing a crypto exchange website from scratch takes more time and the cost of development will be so high. So, most of the crypto enthusiasts are using White label crypto exchange for starting a cryptocurrency exchange business. If you are new to this then you will have a lot of questions. In this blog, we have answered all your questions.

This blog will help you with a complete guide to launch an effective White label cryptocurrency exchange.

What is the White label Cryptocurrency Exchange?

White label crypto exchange is a piece of ready-made software that helps you to launch your own crypto trading platform. Here you can customize and add exclusive features according to your business needs. Traders will have a better experience in the White label exchange platforms. You can enable advanced security features in order to avoid threats and scams. White label crypto exchange also supports all the major cryptocurrencies that are available in the market.

Most of the business people prefer the White label crypto exchange rather than developing from scratch. Because by using White label solutions, you can start your crypto exchange business within a couple of days. Also, the cost of development will be very less compared to the development from scratch. So it saves time and money. Also, it enables startups and entrepreneurs to enter the crypto market quickly. So that they can make an enormous amount of profits within a few months.

Reasons to choose White label cryptocurrency exchange

White label cryptocurrency exchange is a ready-made product that is readily built with top-grade features. With this, one can easily build their own cryptocurrency exchange platform within a few days.

Faster deployment

When you use a White label Crypto Exchange software to build a crypto trading platform, you can do it instantly. As you already have ready-made software with you, launching your exchange can be done in a short time. If you have any urgent requirements, the White label crypto exchange platform will help you to launch quickly in a hassle-free manner.

Reliability

Definitely you will hire White label crypto exchange software only from a first-class White label solution provider. So you don’t need to worry about reliability. If mistakenly you have hired some other non-standard solution provider, then you may face some issues.

Technical Support

Starting up your cryptocurrency trading platform with White label cryptocurrency exchange will be risk-free. Even though you don’t have any technical knowledge, solution providers will assist you instantly.

Boosts brand visibility

Though you already have a branded White label crypto-exchange software with you, we further boost your brand to reach higher levels. As the product will have your name, logo, and design, so your brand will be visible to your target audience easily.

Saves time and money

The time consumption and the cost of developing your exchange trading platform will be less. For instance, if you develop a crypto exchange from scratch you should pay for each add-on feature. Also, it might take more days to complete a project. But White label software comes with all advanced feature-packed modules at a very low cost. If you want to start a crypto exchange business with lower efforts, then you can purchase a White label crypto exchange software.

Steps to launch your own White label cryptocurrency exchange

  1. Have unique business requirements and effective ideas to build a cryptocurrency exchange.
  2. Check for the jurisdiction and regulations where you have planned to launch your own White label cryptocurrency exchange.
  3. Identify the first-class White label crypto exchange provider. So that they can guide you to launch your own cryptocurrency trading platform.
  4. Select the type of exchange you want to launch in the crypto industry.
  5. Develop a new blockchain network according to your business specifications.
  6. Combine your blockchain network with your White label cryptocurrency exchange platform.
  7. Enable the top-notch security features to protect your exchange platform from hacking and fraudulent activities.
  8. Integrate some desirable and advanced trading features in your White label crypto exchange. So that you might attract the crypto traders worldwide.
  9. Finally, deploy your own crypto exchange website instantly with the help of the best professional White label crypto exchange provider.

Follow these steps to build an effective White label cryptocurrency exchange platform instantly.

Desirable features that you should enable in your White label crypto exchange platform

  • Margin trading
  • IEO launchpad
  • Security Token Exchange
  • Liquidity API
  • Atomic swaps
  • Trader console
  • Admin console
  • Trading bot
  • Cryptocurrency wallet
  • Order matching engine
  • KYC/AML solutions

When coming to features, security systems will also play a vital role in White label crypto exchange platforms. You need to enable the exclusive high-end security features in order to avoid hacking and other fraudulent activities. Some of the security features that you can integrate into your White label crypto exchange are given below.

  • HTTPs authentication
  • Two-factor authentication
  • Data encryption
  • SQL injection prevention
  • Anti denial of service (Anti-DoS)
  • Jail login
  • Anti Distributed Denial of Service (Anti-DDoS)

Benefits of Starting a White label Crypto Exchange

  • You can easily change the theme, logo, name, and other front end designs according to your business needs.
  • You can establish your brand in the market quickly in a hassle-free manner.
  • Startups and entrepreneurs can easily enter into the crypto market. Also, they can gain more profits in a short period.
  • Fast and secure crypto transactions.
  • You can avoid spending money and time on developing your own exchange platform.
  • Deploying the White label crypto exchange will be easy and it does not take more time.
  • You can get reliable 24*7 customer support from the White label solutions provider.
  • Your unique design and user-friendly interface might attract many crypto traders.

Summing up

Cost and time for developing and starting a cryptocurrency exchange are important pointers. If you purchase a White label crypto exchange software from Coinsclone. Then you can launch a highly secured, scalable, and effective crypto trading platform instantly at a reasonable price. If you have any customizations or add-ons in White label crypto exchange then it takes a few days to complete the process.

Author Bio:

Hey, this is Edward Cullen, Crypto Writer at Coinsclone. Inspired by Cryptocurrency and Blockchain, I bring my ideas to light through my formidable content. And, Guess what, Writing makes me lively!

For more information, you can get contact with email: hello@coinsclone.com

Publication date: 
07/19/2020 - 21:15
Author: 
Disclaimer

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.