An entrepreneur or a startup knows that the crypto exchange is one of the on-demanded & lucrative business opportunities. Those who started a crypto exchange a few years ago, now become successful businessmen. Even during the Covid-19 pandemic, the popular crypto exchange, Binance managed to generate a hefty revenue. That is why many business enthusiasts are interested in starting their own crypto exchange business. But the business people are stumbling on a fact that they are not techie people. So how can they start their own crypto exchange platform? Are you one of them??? Then, here is the solution for you.
Let’s dive into the topic.
How can a startup/entrepreneur build a cryptocurrency exchange without coding skills?
There are 2 possible ways an entrepreneur or startup can build their own crypto exchange platform without coding skills,
- Hiring a Freelance blockchain developer to develop a bitcoin exchange platform.
- On the other hand, you can buy a fully-featured white label crypto exchange software from a reliable software provider.
By using any one of the two ways, you can build & launch your own crypto exchange platform. Among the two ways, buying white label crypto exchange software from a reliable software provider is the best way to launch your crypto exchange platform. Let me explain why it is?
Practicality:
If you hire a freelance blockchain developer, screening the developer on multiple levels is difficult. Even if you have opted for blockchain developers they will be developing the crypto exchange platform from scratch. Instead, white-label crypto exchange software providers have both well-experienced blockchain developers and feature-filled white-label software. Both the factors will come in handy.
Liability:
There is no assurance for a freelance developer that they work only for your project, there are lots of possibilities they work on multiple projects. But the white label software providers have dedicated resources (Developers) and they will work only for your project.
Cost:
Freelance developers charge on an hourly basis. If any bug arises, some developers demand extra charges to fix those bugs and those charges are also hourly based. But the white label software provider won’t ask for any additional charges to fix the bugs. Also, the cost of developing white label crypto exchange software is reasonable.
Development:
You need to explain each & every functionality to the freelance developer & there is no guarantee for 100% output. But the white-label software is ready-made software so that you can examine their demo & you can also customize the software based on your business ideas.
Deployment:
One of the biggest problems or issues while hiring a freelance developer is there is no assurance for on-time delivery. They work in the freelance mode so the possibility of on-time delivery is less. On the flip side, the white label crypto exchange software providers have a dedicated team of blockchain developers & ready-made software. So they will deliver your project on time.
Testing:
Freelance developers won’t test your project, you need to hire one more freelance person (tester) to do the job. So, you need to spend more money. The freelance tester won’t test your product end-to-end, they will do only the basic testing for your product. But the software provider tests your product on multiple criteria. So, your software will be 100% bug-free, secure & efficient. And, they won’t charge any additional cost for that.
These are all the reasons why entrepreneurs prefer white-label crypto exchange software to hiring a freelance developer. And, you will get some additional business benefits also while choosing white label crypto exchange software. Here they are,
Business Benefits of White Label Crypto Exchange Software:
- Scalability - White Label Crypto Exchange Software comes with high customization scope, and it allows feasible modification of features, visuals, etc. Integrating all your business needs will enable high scalability.
- High efficient monitoring - The White Label Crypto Exchange Software enables thorough monitoring and engagement.
- ROI features - You can implement numerous High ROI features when you opt for a White Label Crypto Exchange Software.
- Beta module - You can run multiple tests on your crypto exchange in the Beta module.
- Low-cost consumption - The cost of development will be considerably low when compared with other methods.
- Short time span - Integrating White Label Crypto Exchange Software will allow you to launch your exchange within a short period of time.
These are all the additional business benefits that you will have when buying the white label crypto exchange software. While buying the white label crypto exchange software you need to be wiser about integrating features. Here are some features which are based on different business crypto exchange models,
- Orders Book Crypto Exchange Platform
- User to Admin Crypto Exchange Platform
- Ads Based or P2P Crypto Exchange Platform
For Order Book Crypto Exchange Platform:
- Order Book,
- Spot trading,
- Types of Order,
- Match Engine,
- Derivative Trading
- Crypto & Fiat Payment gateway
- Crypto wallet & some more.
For User to Admin Crypto Exchange Platform:
- OTC trading,
- Instant Buy & Sell,
- IEO MOdule,
- Staking
For Ads Based or P2P Crypto Exchange Platform
- Escrow Security
- Dispute Functionality
- Escrow wallet
- Buy & Sell orders posting (Like Ads)
- Multiple payment methods & so on.
These are the crypto exchange business models & their features. And, some other common essential features that you need to integrate into your crypto trading business platform are,
Some Essential Features for All type of White Label Crypto Exchange Software:
- Multi-cryptocurrencies Support
- Referral options
- Admin panel
- User panel
- Advanced UI/UX & much more
- Multi-language support
- Multiple Trading Pairs
- Margin trading
- KYC/AML
- HTTPs authentication,
- Biometric authentication,
- Jail login,
- Data encryption,
- Two-factor authentication,
- SQL injection prevention,
- Anti Denial of Service(DoS),
- Cross-Site Request Forgery(CSRF) protection,
- Server-Side Request Forgery(SSRF) protection,
- Anti Distributed Denial of Service & much more.
These are all some essential features that can be integrated into any type of crypto exchange business platform you want to launch. Now you have got a question, who offers the fully featured cryptocurrency exchange script/software at an affordable price??? That’s very tough to do because nowadays the crypto market is filled with many script/software providers.
Not many script/software providers offer these features at affordable costs. If they are offering these services, the price will skyrocket. Don't panic, let me help you ease the situation. I have done deep research on various criteria like cost-efficient, adv-trading features, 100% customizable, bug-free, & more in finding the best crypto exchange script provider. In the end, one script provider CoinsQueens grabbed my attention. So I have done some in-depth analysis about them. Here are they,
CoinsQueens is one of the prominent crypto exchange clone script/software providers with significant years of experience in the crypto industry. They’ve successfully completed 50+ crypto projects [Crypto Exchange, Wallet, Payment Gateways, token creation, NFT marketplace development] for their worldwide clients. And, their script/software is 100% customizable, secure, bug-free & inbuilt with enhanced features. Their primary motto is client satisfaction, so their script/software is budget-friendly and the price starts from $4k with promising quality.
If you’re interested in doing business with them, check out their free live demo >>> White Label Cryptocurrency Exchange Software
