Answering 6 Common Questions about White Label Crypto Exchange
White label crypto exchange, often regarded as a market-ready crypto exchange platform, eliminates the need to build the exchange from scratch. With ready-made source code, database and infrastructure, you only need to deploy, install and configure the exchange in a new environment. Change the logo and user interface in alignment with your brand, and you are all set to launch the white label exchange into the crypto market under your brand name.
The benefits of a white label cryptocurrency exchange include:
Rapid Deployment: A ready to launch well developed crypto exchange platform.
High Reliability: You can be sure of your exchange’s reliability.
Cost efficiency: Buying a market ready product is cheaper than building a new one from scratch.
Given these benefits, the concept of white label crypto exchange development is gaining rapid traction. With cryptocurrency market riding a bullish wave, businesses are eager to launch their exchange to start reaping the profits.
However, there are some common questions that people usually have when it comes to white label crypto exchangedevelopment. Here, we answer six common questions that everyone wants answered.
Q1: How does white label cryptocurrency exchange work?
White Label cryptocurrency Exchange has the core features, backend and database ready to be used. You simply need to rebrand the logos, user interface and design layout according to your business requirements, and your exchange is ready to be launched into the cryptocurrency market.
Q 2: What are the supported currencies on a white label crypto exchange?
Varying from platform to platform, cryptocurrency exchanges can integrate various coins and tokens according to business requirements. The two main cryptocurrencies found in almost every exchange are Bitcoin and Ethereum, mainly because of their popularity. Most certainly, different time and efforts are required to integrate different currencies into the exchange.
Q 3: Are users provided with two-factor authentication (2FA) protection?
Given that security is the main concern of cryptocurrency traders and investors, every exchange integrates two-factor authentication. 2FA provides an added layer of security. It prevents unauthenticated users from accessing your account from an unknown location or device.
Q 4: What can be traded on the exchange software?
Basically tokens and coins both can be traded on exchange software. The exchange owners can decide which coins (Bitcoin, Ethereum, Ripple, and more) or tokens they want to integrate into their exchange platform.
Q 5: How long does it take to set up a white label exchange?
Since white label exchange platforms are market ready, they can be launched in considerably less time. The highly-skilled and experienced team at Antier takes pride in launching a white label crypto exchange in just 3 weeks.
Q 6: Is technical knowledge required to set up a white label crypto exchange?
A basic idea about cryptocurrency, Blockchain, and Bitcoin would be enough to launch your white label crypto exchange software, especially if you are hiring professionals to build the exchange for you. On the contrary, if you wish to develop an exchange all by yourself, you will surely need a lot of technical knowledge as well as Blockchain expertise to navigate towards success.
These were some common questions that our clients ask us the most. We hope we were able to answer your questions, too. However, if you have any questions other than these, you can always talk to our experts for an answer. We will make sure that all of your questions are answered.