Coinbase clone script vs Developing a crypto exchange from scratch - Which one is better_


NatalyaJade

Uploaded on May 12, 2023

Category Business

The coinbase clone script is a ready-made solution for budding entrepreneurs. This is the most trendy solution among cryptopreneurs, the reason is already pre-developed and pre-tested.

Category Business

Comments

                     

Coinbase clone script vs Developing a crypto exchange from scratch - Which one is better_

Coinbase clone script vs Developing a crypto exchange from scratch Coinbase is an OTC-based cryptocurrency exchange platform and now it's legal in 100+ Countries. You can launch your cryptocurrency exchange business in two ways. ● Develop the whole software from scratch. ● Buying the prefabricated clone scripts. Developing the whole software from the scratch In this way, you will develop everything from scratch. You build software according to your business-specific needs. It may be unique, but it's a time taking process. It will take 6 months to one year based on business requirements. Buying the prefabricated coinbase clone script The coinbase clone script is a ready-made solution for budding entrepreneurs. This is the most trendy solution among cryptopreneurs, the reason is already pre- developed and pre-tested. It will reduce the work burden which means the software will be ready to use within a short span. Let's compare both methods with major factors for better understanding. Cost of The cost of developing a The cost of the coinbase crypto exchange like clone Script is $5K. development coinbase from scratch is around $35K - $45K Man Power The scratch method needs 5-6 members are more than huge manpower including enough for clone script designing, developing, deployment. testing, and much more. Testing Process At each phase, the software No need for a separate should be tested because of testing phase because clone the high possible way to software is pre-tested. arising bugs while developing. Deadline With the first method, you will With minimal customization, develop everything from the clone software will be scratch, so it will take 6 ready to use within a week. months - 12 months Features & Security In the first method, each But clone scripts loaded with feature should be developed all primary and security Amenities from scratch. A single feature features. will take more time. I hope you got some idea about both methods. There is no doubt the second method is the finest way to initiate your crypto exchange like coinbase. So initiate your crypto exchange business with a reliable cryptocurrency exchange software development company and become a millionaire in the upcoming days.