Crypto exchange is one of the most profitable businesses in the crypto space. Nowadays many startups want to develop a crypto exchange and make an enormous amount of profits. But they are making one big mistake. This means that they are spending a lot of money and time developing crypto exchange software. Can’t catch my point? I’ll explain briefly. There are two types of developing ways, which are
Scratch White label
Developing from scratch is the process of developing a crypto exchange platform from the base. Choosing the right technology, features, and other aspects is the decision of the entrepreneur. The cost to develop a crypto exchange from scratch may go higher than the white label crypto exchange cost. With all the essential features implemented, the cost could go around $50k-$100k. On the other hand, developing from scratch helps you start a crypto exchange with unique features.
White label bitcoin exchange software is a ready-made software that comes with all the essential features which are needed for the cryptocurrency exchange business. Startups can launch a crypto exchange platform just by making some customizations to the software. Using a white label crypto exchange software could be a cost-effective way and the development time will be less. The cost ranges from $6k to 12k to develop a crypto exchange using a white label bitcoin exchange software.
Startups can launch a crypto exchange using a white label bitcoin exchange within a short span and the development cost is also so affordable. When software providers are capable of providing white label bitcoin exchange software that is bug-free with quality architecture frames, why would a startup want to develop from scratch and waste their money? Thus, many emerging and established startups prefer white-label bitcoin exchange software for starting an exchange business.
I hope you got clarity by reading the above information. Along with these information, It have lots of benefits that you should have to know more.
Click here to know → Top 10 essential things to know about White Labe Bitcoin Exchange Software