This content originally appeared on DEV Community and was authored by ciro escarelli
In this highly competitive environment, it is crucial to stand out from the crowd. And as a result, marketers invented white-label solutions. Business owners are preferring White-label software/app over independent branding. White labeling is getting more and more popular with each passing day as a result of the rapid development of the tech world. Now, in 2021, if you are a great marketer, you don’t necessarily have to develop your own online tools. Instead of that, you can implement a white label solution and solve all your problems in a few clicks.
In this article, we will find out what White Label Crypto Exchange Software is, how does it work, and what are the exclusive features, benefits and its types.
Let's start with the basics definitions.
What is crypto exchange platform?
Cryptocurrency Exchange platform permits the users to purchase and sell digital assets and cryptocurrencies spontaneously. The main challenge one faces in the development of the same is not the feature-set but the data transfer speed along with the data security.
Security Features of Cryptocurrency Exchange
• DDoS Mitigation
• 2FA Authentication
• SSL-Security
• Database Encryption
• Multi-signature Wallets
• Biometric Authentication
• Jail Login Method
• Escrow Management
• End-To-End Encrypted Transactions
• Anti-Phishing Software
• Browser Detection Security
• CSRF Protection
• Regular Security Audits
• IP Login Restriction
Features of Cryptocurrency Exchange
• Margin Trading
• Order Sharing
• Crypto Liquidity
• Robust CMS
• Commission Management
• API Integration
• Fund Management
• Futuristic Smart Contracts
• Transactions History
• Admin Panel
• User Wallet
• Roles & Permissions
How does White Labelling work in software applications?
White labeling services, as a concept, is pretty straightforward in software development too. A company purchases a white-label product and presents them to the end customer under their own brand name. White-Label Solution developers are becoming popular because many business owners cannot afford to hire a big team of professionals to do the software development from scratch.
Advantages and disadvantages using of White-Label
Advantages:
• Reduced Crypto Exchange Development Costs: Using a white-label means that you don’t need to get coding resources. Whether in the form of an in-house software development team, or an outsourced development company, the costs of software production quickly mount up. A white label avoids this process almost entirely.
• Large contracts: Third-party producers get huge contracts, which could come with guaranteed sales and revenue.
• Discounted sales: Stores can boost revenue by selling white-label products at a discount relative to national brands.
• Quality. White-label brands can be just as good as national brands, as they often use the same producers; high quality creates satisfied customers.
• Save your development time.
• White labeling boosts the visibility of your brand.
• White labeling strengthens the loyalty of clients.
• White labeling allows you to take advantage of expert work.
• White labeling provides your brand with a refined product.
• White labeling saves you time and money.
Disadvantages:
• Copycatting. Using very similar packaging among brands is called copycatting, which can be illegal in some cases. Private label brands must differentiate themselves sufficiently so as not to mislead consumers.
• Barriers to entry. The growing dominance of white label brands could make it hard for new firms to enter the market, reducing overall competition.
• Only a few companies offer core customization, which is hardly enough for a decent feature.
Types of Cryptocurrency exchange platform:
Peer-to-peer exchanges
P2P exchanges provide the sale and purchase of cryptocurrency directly between users. Traders leave their orders as on a bulletin board, and other network participants can respond to the offers and agree on the terms of buy/sale.
Decentralized crypto exchange
Decentralized exchanges provide transfers of funds directly between users' wallets. This reduces the potential for theft from exchange hacking since the exchange never actually stores cryptocurrency. However, you should keep in mind that in such exchanges, the lack of moderating third-party shifts all responsibility for errors and security to the users themselves
Centralized Crypto exchange
This is the most common type of exchange. Such exchanges have a centralized operator who is responsible for security, updates, and functionality. Centralized exchanges manage order books, which record all buy and sell orders. The weak point of this type is that coins are stored in the services themselves, which increases the likelihood of losing your funds due to hacker attacks. Therefore, centralized exchanges work hard to ensure the proper level of security.
White label Crypto exchange
A customer saves up their time as the platform is ready-made. In fact, the characteristics and the work ability are already tested and used by various other traders.
P2A crypto exchange (peer to admin)
Bitcoin trading always happens through a bitcoin trading website. Here admin (owner) of the website has the power to set the selling price and buying price of bitcoin. So traders are allowed to trade only with the specified price rate. Since the admin has the control over the price fixing, he can gain a huge profit from every successful trade.
Escrow Crypto Exchange
Escrow based exchange built by programming like PHP, JavaScript, MEAN and MERN that will act as a trusted 3rd party interface sends and receives cryptocurrencies on end of two parties.
What is a White label crypto exchange?
generally, ‘White Label’ refers to a customizable product and, or service that is developed by one company and sold to another. In other words, the development company sells the rights of a white-label solution to its client company, either fully or partially. Apart from being time-saving, such solutions prove to be economical for businesses. A white-label exchange is a market-ready solution with ready-to-deploy back-end and easy-to-customize front-end. The UI/UX can be easily customized as per brand requirements and the software can be quickly launched into the market.
Features of white label crypto exchange
• Liquidity
• Immaculate exchanging motor
• Wallet coordination
• High amount of transactions per second
• Security highlights
• Exchange of advanced resources
• Escrow
• Referral program
• Staking
• Crypto payment gateway integration
• IEO module
• Admin panel
• Intelligent analytic outlines
• Trading Bot
• KYC and AML
The benefits of white label crypto exchange are:
• Easy to deploy products
• Customizable UI/UX
• Market analysis
• Time efficient transactions
• Cost effective crypto exchange
• Multiple payment methods
• No need for an expert technician
• Reliable crypto exchange
• Improved accuracy and efficiency
• Multiple device access
Now let's find out together the White Label Crypto Exchange Software What it is, and how it works.
What is White Label Crypto Exchange Software?
White-Label Crypto Exchange Software is a ready-made exchange software designed to provide the Exchange of Cryptocurrencies and Tokens along with numerous trade options like derivative, margin, P2P, dashboard maintenance, order creation, and current Crypto monitoring of currencies. The White-Label Cryptocurrency Exchange Software contributes to the user-friendly UI/UX designs, Matching Engine Creation, Order Management systems, Liquidity Provision Tools, along with tamper-proof security implementations.
Features of white label crypto exchange software
• Wallet coordination
• Liquidity
• Security highlights
• High amount of transactions per second
• Exchange of advanced resources
• KYC and AML
• Intelligent analytic outlines
• Trading Bot
• Escrow
• Staking
• Crypto payment gateway integration
• Referral program
• Customer support
• Admin panel
• Customizable UI/UX
To start a white label crypto exchange is:
• Trading engine. This module is responsible for checking wallet balance, determining the order of buying and selling assets, counting the balances, merging with liquidity pools and payment gateways, and counting rates and commissions.
• User-friendly interface. The user interface includes branding, personalization and software customization. You need to work on naming, logos, design settings, features, and more.
• Security system. In this section, security measures, licenses, privacy and anti-hacking are set by the platform owner.
• Payment system. The payment system is responsible for revenue generation, fees, deposits and withdrawals.
• Support. One of the most important issues of digital currency exchange is the constant support of the software.
• Admin console: Designing a panel for the user and site administrator is one of the requirements for a white label crypto exchange.
How much does it cost to create a white label cryptocurrency exchange:
The cost for white-label exchange software varies from $3,000 on the low-end, up to $1,000,000 for enterprise solutions. Here is a breakdown of the costs:
$3,000 for low-end (often tagged with a monthly cloud cost or revenue share)
$100,000s mid-range
$1,000,000s enterprise solution
How long does it take to launch a white-label crypto exchange?
Launching a white-label exchange should take the shortest time possible. Most white-label exchanges can be launched in between 1–4 weeks.
Top 5 White Label Crypto Exchange Software Alternatives
Binance: white-label Binance Clone Script has advanced features and functionalities to facilitate hassle-free trading with a robust trade engine, intuitive UI/UX to launch crypto exchange-like binance in a short time.
Kraken: white-label Kraken clone script is the clone of the Kraken cryptocurrency exchange platform, assimilating all the essential features and interfaces of Kraken with customization options. They do not infringe any copyrights, as they could be structured protecting the privacy and respecting the terms and conditions of the Kraken exchange.
coinbase: white-label Coinbase clone script is a ready-made, secure, customizable, and multi-tested clone script software that is an exact replica of a popular cryptocurrency exchange - Coinbase.
Paxful: white-label Paxful clone script is the clone software of the Paxful cryptocurrency exchange. This script follows a similar preface of Paxful with some unique features. It is a ready-made clone script software that can help client to start their cryptocurrency exchange business right away.
Okex: With more than 350 ways to buy and sell cryptocurrencies, it is the best choice for starting your decentralized cryptocurrency exchange platform. Your user can buy, spend, trade, or convert the cryptocurrencies as per their trading desire with white-label Okex clone script.
last word
Companies present the most beneficial Ready-Made White Label Crypto Exchange Software for your Websites. They similarly give custom web development solutions and website clone scripts services. Their development is highly adaptable, strong, and easy to use. Furthermore, this way gives your clone script a very competitive advantage. The scripts are complete with attention to usability and search engine optimization and consequently spring you.
This content originally appeared on DEV Community and was authored by ciro escarelli
ciro escarelli | Sciencx (2021-11-17T09:56:30+00:00) White-Label Crypto Exchange Software- Promote Your Startup Business Quality with Ready-made White-Label Crypto Exchange Software. Retrieved from https://www.scien.cx/2021/11/17/white-label-crypto-exchange-software-promote-your-startup-business-quality-with-ready-made-white-label-crypto-exchange-software/
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