Crypto trading is a worldwide phenomenon, it has changed the way people view cryptocurrencies. The cryptocurrency market has grown exponentially in the last few years and the demand for crypto exchange platforms is also on a rise.
If you want to start your cryptocurrency exchange, but don’t want to go through the hassle and expense of building a platform from scratch, then a white-label crypto exchange might be the best solution for you. In this article, we will take you through what a white-label crypto exchange is, and how you can start your own exchange with a white-label platform.
What Is a White Label Crypto Exchange?
A white-label crypto exchange is a turnkey solution that allows you to launch your cryptocurrency exchange quickly and easily. With a white-label platform, all the technical aspects of running an exchange are taken care of by the provider, so all you need to do is brand the platform with your logo and website design. These stats will give you a clear view of the popularity of crypto today!
- By 2022, the global blockchain market is expected to be worth $10.02 billion.
- The global blockchain market is expected to be worth $67.4 billion by 2026, growing at a CAGR of 68.4%.
- Bitcoin’s price increased by over 540,000% between 2012 and 2022.
- By 2022, more than 300 million people worldwide will use/own cryptocurrencies.
- As of August 1, 2022, the global crypto market cap is $1.06 trillion.
- Every day, approximately $112 billion in cryptocurrency is traded.
- As per Statista, Between 2019 and 2022, nearly 56 countries will have adopted cryptocurrency.
Different Types of White-Label Cryptocurrency Exchanges
There are different types of white-label cryptocurrency exchanges. Some of them are:
These exchanges do not have a central authority and are instead managed by the community. They are frequently more secure than centralized exchanges, but they are more difficult to use.
These exchanges are run by a central authority, usually a company. They tend to be easier to use than decentralized exchanges but can be less secure.
These exchanges combine features of both centralized and decentralized exchanges. They often offer the best of both worlds but can be more complicated to use than either type of exchange alone.
Users can trade directly with one another through these exchanges, eliminating the need for a central authority. They can be very convenient, but can also be risky if the other party is not trustworthy.
Things to Consider Before Buying a White-Label Crypto Exchange
Before you decide to buy a white-label crypto exchange, there are a few things you should consider. Below are some key points to keep in mind:
Make sure the white-label crypto exchange is compliant with all relevant regulations in your jurisdiction. This is important in order to avoid any legal issues down the road.
Ensure that the exchange platform is secure and has all the necessary security measures in place, such as 2-factor authentication and cold storage for cryptocurrencies.
Make sure there is enough liquidity on the platform so that you can easily buy or sell cryptocurrencies without any delays.
Compare the fees charged by different white-label crypto exchanges and choose the one that offers competitive rates.
Find out what kind of customer support is offered by the exchange platform. This is important in case you run into any problems while using the platform or have any questions about how it works.
If you keep these factors in mind, you will be able to choose the best white-label crypto exchange for your needs.
Merits of Using a White-Label Crypto Exchange
As the crypto industry is growing day by day, the number of investors is also increasing. So, it has become essential for businesses to have their cryptocurrency exchange. A white-label crypto exchange is a cost-effective and time-saving solution for starting a cryptocurrency exchange. It allows businesses to launch their exchange platform quickly with all the features and functionalities that are required in a modern cryptocurrency exchange.
There are many benefits of using a white-label crypto exchange, some of which are listed below:
A white-label crypto exchange is a very cost-effective solution as it eliminates the need to develop an exchange from scratch. businesses can save a lot of money by using a white-label solution.
Developing an exchange from scratch can take a lot of time, however, with a white-label solution businesses can launch their platform quickly as it comes with ready-made features and functionalities.
- Fully Customizable
White-label solutions are fully customizable, so businesses can easily add or remove features according to their requirements. They can also brand their platform according to their needs.
As the business grows, it can easily scale its platform by adding more features and functionalities.
- Highly Secure
White-label solutions come with high-level security features that protect businesses from hacking attacks and other security threats.
How to Start an Exchange With a White-Label Crypto Exchange Platform?
If you want to start a cryptocurrency exchange, but don’t want to go through the hassle and expense of building one from scratch, then a white-label crypto exchange platform could be the perfect solution. We’ll take you through the steps you need to take to start an exchange with a white-label platform.
- Choose Your White Label Provider
Several companies offer white-label crypto exchange platforms. Do your research and choose one that offers a platform that meets your needs and requirements.
- Sign Up For an Account
Once you’ve chosen your provider, sign up for an account and provide them with the relevant information they need. This will usually include your name, email address, physical address, and phone number.
- Buy or Rent the Software
Most white-label providers will offer both options – you can buy the software outright, or rent it every month. Choose the option that best suits your needs and budget.
- Set Up Your Hosting Account and Domain Name
Your white-label provider will usually offer domain name registration and hosting services as part of their package. If not, you’ll need to set up these accounts yourself. Make sure you choose a reputable domain name registrar and web hosting company.
- Install the Software on Your Server
Once everything is set up, it’s time to install the software on your server. Your white-label provider will give you instructions on how to do this.
- Configure the Software
Now you need to configure the software to meet your specific needs. This will usually involve setting up your currency pairs, payment methods, and trading fees.
- Test the Platform
Before you launch your exchange, it’s important to test everything thoroughly. Set up a few test accounts and try all the features of the platform to make sure everything is working as it should.
- Launch Your Exchange
Once you’re happy that everything is working correctly, it’s time to launch your exchange and start trading!
Cost of Building White-label Crypto Exchange Region-wise
The cost of building a white-label crypto exchange platform varies depending on which region you are located in. Here is a breakdown of the approximate cost for each region:
|Region||Estimated Development Cost|
|North America||$15,000 – $30,000|
|Europe||$10,000 – $20,000|
|Asia||$5,000 – $10,000|
|Australia||$20,000 – $30,000|
|South America||$5,000 – $15,000|
The cost also varies depending on the features and functionality you want to include in your exchange platform. Basic exchange platforms can be built for as little as $5,000 while more complex platforms with advanced features can cost upwards of $100,000.
A white-label crypto exchange is a turnkey solution that allows you to start your own cryptocurrency exchange platform quickly and easily. With a white-label solution, you don’t have to worry about the technical aspects of setting up and running an exchange, as everything is already taken care of. All you need to do is brand your exchange and start marketing it to your target audience. If you’re thinking of starting your own crypto exchange, then a white-label solution is definitely worth considering.
Pyramidion – Hire Expert Crypto Exchange Developers From Us!
If you’re looking for a white-label crypto exchange solution, then you need to look no further than Pyramidion Solutions. We are the leading provider of white-label crypto exchange solutions and can help you get your crypto exchange up and running quickly and easily.
When you partner with us, you’ll have access to our team of expert developers who will work with you to create a custom exchange platform that meets your specific needs. We’ll also provide ongoing support and maintenance to keep your exchange running smoothly.
So, if you’re ready to start your own crypto exchange, contact us today, and let us show you how we can help!