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White label cryptocurrency exchange software in layman terms is the software which is developed by one company and is used by another company after making some additional developments. The company that buys it includes its identity elements such as logo, brand, design, ideas and many more. This means that even if the buyer company is not technically sound, it can easily build, launch and operate a crypto exchange. The feasibility and workability of the exchange are checked as it is already created and tested in various phases.
As you read this blog, you will be able to identify the reasons why is it preferable to go with the white label cryptocurrency exchange rather than developing it from scratch. Along with it, you would discover the various essential features of any white label exchange.
Benefits a white label cryptocurrency exchange
A white label product is ready-made software that is pre-built with the essential features. It eases and fastens the process of deployment of an exchange in a few days. Let’s further discuss various reasons to build your exchange with a white label solution.
White label software can fasten the process of deploying a cryptocurrency exchange trading platform. On the contrary, building an exchange from scratch requires a lot of time and costs.
You should always look for a reliable source for buying the white label crypto exchange software. The reliability of the white label comes when it is provided by a reputed and trustworthy solution provider company.
With a white label solution, the labor cost reduces as the software which the company is using is pre-built and tested. Thus, the cost of launching a white label exchange is considerably less compared to building an exchange from scratch.
Even if you do not have sufficient or required technical expertise, you can launch your exchange with the assistance of a white label solution provider. This will enable you to set up your exchange easy and smoothly.
The visibility of a brand also boosts to a higher level as you have already associated yourself with a branded script. As the product will showcase your name, logo and design, your brand will be seen to the target audience.
Essential features of a white label cryptocurrency exchange
The various essential requirements for a crypto exchange include the following:
The feature of margin trading in the exchange platform will enable the users to perform trading at certain margins. Crypto traders are now generally making use of margin trading as this feature adds the position of leverage in the investment strategy.
Liquidity is one of the most important factors when it comes to building an efficient crypto trading platform. To enhance liquidity, API is one of the solutions to connect with external exchanges.
Admin dashboard allows you to easily manage your users and make a check on the buy and sell transactions of users. The dashboard provides additional information about currently running exchanges and the transactions which have taken place. There would be full control over customizing the entities in the panel as per your requirements.
Trading Bots have the responsibility to place buy and sell orders in the absence of real users. The users do not need to continuously worry about performing trades.
The white label cryptocurrency software comes with a secure multi-cryptocurrency wallet. Wallets are fully integrated with security features such as two-factor authentication, biometric authentication, QR code scanner, multi-sig support and many more.
While taking a final call on the white label crypto exchange software, an entrepreneur needs to check whether or not he is provided with customization options. Always look for someone who can purely customize the solution just as per your requirements.
If you require personalized and best-in-class services, you can contact us and share your requirements. We provide a feature-rich white label exchange solution that can help you launch your exchange in just 3 weeks.
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