A white label crypto exchange is a protocol that has already been built and lets businesses make their own exchange sites. White label cryptocurrency platforms let you buy and sell cryptocurrencies, convert between fiat and cryptocurrencies, trade, stake, and hold cryptocurrencies. Also, these options can be changed to fit the needs of the business.
It can be hard and expensive to build and start a cryptocurrency exchange. Because a crypto exchange is so complicated, it can take up to two years to build from the start and can cost more than $100,000 to build and launch. Because not every business has easy access to the resources they need, many choose not to start their own crypto markets.
White label crypto exchange development is a solution tailored for businesses that wish to establish their own blockchain-based crypto exchanges effortlessly. With the most essential features, such as a digital wallet, crypto-to-fiat conversion, digital insurance, and regulatory compliance, readily available, these white label solutions eliminate concerns regarding cost and the extensive effort involved in building such platforms from scratch.
What exactly is a white label crypto exchange?
In general, the term “white label” refers to customizable products, services, or solutions that are made by one company and sold to another. The second company then rebrands the product or service to make it look like it came from them. This is because the development company sells the rights to a white-label solution to its client company, either in full or in part.
A white label crypto exchange is a protocol that has already been built and lets businesses make their own exchange sites. White label cryptocurrency platforms let you buy and sell cryptocurrencies, convert between fiat and cryptocurrencies, trade, stake, and hold cryptocurrencies. Also, these options can be changed to fit the needs of the business.
Using white label crypto exchange software, small and new businesses can start their own cryptocurrency exchange right away, without having to build one from scratch, which is a difficult and expensive job.
How are white-label cryptocurrency exchanges helpful?
The most obvious benefit of a white label crypto exchange is that it saves companies the trouble of having to build their own exchange. Even though that’s true, companies stand to gain in many other ways. Here are the best reasons to use a white label cryptocurrency exchange.
- The fastest way to start your own cryptocurrency exchange
Building a cryptocurrency exchange from the start can take anywhere from a few months to two years, because there is a lot of back-testing to make sure all the features work. White-label crypto exchanges are a way for a business that wants to start a coin exchange quickly to do so.
- Cost-Effective
In most cases, buying the right to use a “white label” cryptocurrency market is much cheaper than starting from scratch. For example, a business could spend over $100,000 building their own exchange, while white label crypto exchange software costs between $10,000 and $30,000, based on the size of your business, how customized it is, and the type of exchange you’ll be using.
- Easy to set up
White label cryptocurrency platforms are often ready to go as soon as a business asks for them. After you told the creator what you wanted from your exchange, they would often make one that fits your needs. And in many cases, they will help you set up your business’s crypto exchange.
- Features for advanced trading and security
Security is one of the most important things that a coin exchange needs to do well. White label exchanges give businesses the chance to use a secure cryptocurrency exchange made with the safest encrypted databases and authentication processes. If you choose to white label, you’ll also get to use the strong architecture and advanced trading features that are already in place. Building these from scratch would take a lot of technical knowledge.
Also Read: Best Cryptocurrency Wallet Development Companies in California, USA
- Cost-Free Server Deployment
By choosing a white label crypto exchange option, your business doesn’t have to set up and deploy a server for the exchange. The method and cost are often taken care of by the developers of the white label cryptocurrency exchange.
- Bug-Free Exchange Software
When you buy a “white label” cryptocurrency exchange, the software is ready to use because the company that made it has already put it through its paces in the real world. White label cryptocurrency exchanges get rid of the time it takes to build an exchange from the start and the risk of having bugs.
When picking a white label crypto exchange software, it is important to make sure that the developer has met all of the regulatory requirements. In this case, KYC (Know Your Customer), MSB (Money Services Business), AML (Anti-Money Laundering), and CTF (Counter-Terrorist Financing) laws are some of the most important signs of compliance to look for.
The Last Wise Words
After figuring out what white label crypto markets can do for you, you need to decide if it’s the best thing for your business. In general, starting from scratch is the best way to go if you want to make a crypto exchange that is unique and doesn’t have features that are similar to those of other exchanges.
Also Read: Empowering Traders: Enhancing User Experience through Crypto Exchange Software Development
On the other hand, white-label cryptocurrency exchange solutions might be great if you want to get into the market quickly, cheaply, and without much trouble. Also, white label crypto exchanges reduce the risk of exposure for your exchange because they come from trusted sources and have been tried and tested.
