A pre-developed protocol that permits a business to have a customized exchange platform is described as a white-label crypto exchange. These white-label crypto exchanges are created with the help of software providers. These white labels crypto exchange offers the features which offer the best solutions for selling and buying crypto. These solutions include trading, fiat-crypto conversions, and holding cryptocurrency. Additionally, the solutions are customized depending on the client’s business requirements.
Launching and development of business usually costs high and is daunting. The crypto exchange has a complex working nature, making it difficult for investors to understand the working criterion of crypto exchange. An investor usually needs one or two years to understand cryptocurrency fundamentals properly. The launching cost of this cryptocurrency is around one lakh dollars. The resources are only easily available for some business kinds, so many investors hesitate to launch the crypto exchange.
The basic motive behind the launch of white-label crypto exchanges is to create crypto exchanges having personal blockchains. The features of crypto exchanges vary from one crypto exchange to another.
These features include crypto-fiat conversions, digital wallets, regulatory compliance, digital insurance, two factor authentication, crypto wallet, white label services, cost effective solution, advance technology along with advance features, deep liquidity, software package, matching engine, crypto broker, payment systems for selling crypto and security. All these features determine the amount of work and cost which would go into the inauguration of cryptocurrency exchange.
What Is White Label?
In general, the masses use the term white label to describe the customized products, solutions, or services developed, owned, and sold by one company. This company also has the authority to rebrand services and products while showcasing them as their own. In white-level solutions, a company sells partial or full rights to the clients.
White Label in Cryptocurrency Exchange
The whole level of white label exchange is described as the protocol predeveloped while allowing a business to create customized exchange platforms under their names and logos.
Features Of White Label Crypto Exchange Liquidity Providers
The white-label crypto exchange provides certain features, which include buying and selling cryptocurrency and fiat-crypto conversion. These features also include the staking, trading, and holding of cryptocurrency. Additionally, these customized solutions are based on the client’s business requirements.
White Label Software Solutions
White label software solution is the kind of crypto exchange software that offers business opportunities for the smaller and initial level investors to have a good kick start for their own business in the field of cryptocurrency exchange. With the help of white-label crypto exchange software, users do not have to go through the costly and gruesome task of crafting a whole crypto exchange from scratch.
Benefits of White-Label Cryptocurrency Exchanges
The most fundamental benefit of a white-label cryptocurrency exchange is that it helps various businesses bypass their cost-intensive and gruesome task of building their cryptocurrency exchange. It is not a hidden truth that a well-furnished business helps in various manners. Let’s go through these benefits to get a complete picture.
Quickest Launch Of A Crypto Exchange
It takes a couple of months for an investor to build a crypto exchange from scratch. There is a long list of features that are time taking. Back testing of features ensures that all features are doing good and are functional in all possible manners. Now the question arises what offers a white-label crypto exchange? The white-label crypto exchange software offers a solution to all the businesses looking for an opportunity to launch a trading platform with delay and lots of time and effort.
Alignment Of Costs And Expenses
The rights of using white-label cryptocurrency exchanges are considered cost-effective compared to building a whole crypto exchange from scratch. You can have a better understanding with the help of an example. Suppose a business has already spent one lakh dollars building a cryptocurrency exchange that is yet to be functional. This software has a cost range between 10 to 30 thousand dollars. The cost of a white-level crypto exchange software depends solely upon the customization, business size, and the exchange type an investor wants to invest in.
Quick Developments
A white-label exchange is deployed at the request of a business owner. After successfully submitting the requested requirements, a developer crafts a required exchange that meets your needs. They also help set up digital exchanges for better business growth and opportunities.
Secure features with Professional Trading
The success of a crypto business Soley depends upon the security and risk management of bitcoin exchange and other digital assets. This security of digital asset, fiat currencies and cryptocurrency trading is the fundamental element that white-label cryptocurrency software holds. They help you in building a fast-trading system with the safest possible features. These features also include the authentication process and encrypted database.
If an investor chooses the white-label cryptocurrency option, they will be offered certain premium features of digital exchange, which requires technical knowledge for the building. These features also include the advanced feature for trading, advanced security protocols, and rebut architecture.
Free Deployment Of Server
When an investor chooses to label a white label solution, the business starts evolving with the setting and deployment of the server in the crypto exchange. The price and process in this scenario are in the hands of developers.
No Bugs Allowed in the Liquidity Providers Of White Label Cryptocurrency exchange
The label crypto exchange has built-in and already tested features. The companies selling these solutions to boost the digital asset in a cryptocurrency exchange make them ready to use. This means when an investor purchases a label crypto exchange solution, it is ready to use and live-tested. The white-label crypto trading platforms removes the possibility of bugs while building this software solution from scratch.
Caution
It is always mandatory to have confirmation regarding the regulatory compliances only met by developers. One of these regulatory compliances is “know your customer,” abbreviated as KYC. Along with this, you should also check the anti-money laundering feature (AML), Money Services Business (MBS), and Counter-Terrorist Financing (CTF).
Conclusion
After a thorough assessment of the features and regulatory compliances of white-label cryptocurrency solutions, the investor should be sure that he will get the best move in his business. If an investor wants to develop some unique styled crypto exchange with no overlapping of features to the already induced functionalities, there are two solutions.
The first and more common solution is to start building own cryptocurrency exchange from scratch, which is tiresome and expensive.
The second solution is to invest in the white-label crypto exchange solution, which can offer you your required solutions at less cost. You do not have to put more effort and cost into a single business plan.