Uploaded on Jul 11, 2020
White label cryptocurrency exchange software is in high demand throughout the globe due to their superior performance, customizable interface and better productivity.
Must-know features about a White label Cryptocurrency exchange software
Must-know features about a
White label Cryptocurrency
exchange software
“With cryptocurrencies
continuing to have strong
control over the digital
world, the trade has
witnessed an upsurge in
new registrations, heftier
transactions and frequent
inflow of orders.
“As companies focus on
improving efficiency by
reducing costs and saving
time,
White label cryptocurren
cy exchange
software solutions have
proved to be an effective
package.
Let us get to know more
about them.
What is a White label
Cryptocurrency exchange
software?
▸ It is a licenced package in-built with all the
essential features
▸ Customization can be made by clients
according to their preferred logo,
functionality, brand name, colour theme,
and UI/UX design.
▸ It can be readily put forward for usage in
the market. With pre-testing completed
before delivery, most of the White label
solutions are bug-free.
Benefits of White label
Crypto exchange software
▸ Businesses can save huge expenses
incurred from scratch on software
development by outsourcing the creation
of the exchange to an experienced
company.
▸ Firms can focus more on core operations
and utilize their time effectively.
▸ Customers can fulfill their needs quickly as
all the needed features are available at
their fingertips. With more customization,
the brand image of the company can be
revamped and made more unique.
“ Some of the
important
characteristics
needed in a White
label software are,
1 Trading engine and Wallet
▸ An accurate trading engine is needed
which would match buying and selling
orders within a specific time. It has special
facilities such as market order, stop order
and limit order which enhances the trading
experience.
▸ Multi-signature wallets would be required
(both hot and cold) for storing the tokens
and coins of users securely.
▸ The wallet must be compatible with
numerous modes of payment. It should
provide an option to add or remove
cryptocurrencies and fiat currencies.
2 Security and Transaction management
▸ Rigid standards must be enforced for
safeguarding user data. Techniques such
as two-factor authentication, encryption of
critical information and jail logins can be
used.
▸ Trading activities can be improved through
the speedy processing of transactions.
▸ Some exchanges offer a Transaction speed
of 50000 to 100,000 per second. It
upgrades the overall performance of the
exchange.
3 Admin panel and Customer support
▸ A user-friendly dashboard will prove to be a
value addition for a customer. Options such
as a real-time market watch, graphs and
charts related to prices and market
movement can be provided.
▸ Flexibility can be given to traders to fix
their desired options according to their
preference.
▸ Exchanges which offer 24x7 customer
support in multiple languages will be able
to beat rivals in gaining more new users.
4 Margin trading and Derivative trading
▸ Margin trading benefits smaller traders to
open a larger position with a smaller
amount of funds.
▸ This can lead to maximizing the gains from
trading by exposing themselves towards a
larger corpus and managing risks
efficiently
▸ Through derivatives trading, buyers and
sellers can execute the trade on a future
trade at a fixed price. They can open short
positions or long positions appropriately by
managing spreads perfectly.
5 Order management
▸ It must display the pending transactions
which are yet to be authorized by the
admin.
▸ Additional information such as name, e-
mail address, phone number, and the bank
account details of the beneficiary must be
exhibited.
▸ The balances of various cryptocurrencies
should be shown regularly. The bid and the
ask table is exhibited mentioning the bid
ID, amount, and quantity.
6 Referral and Reward program
▸ An integrated referral program can be
created for existing users who can refer
other people known to them.
▸ It must be attractively designed backed up
by valuable rewards.
▸ The incentives should be distributed
regularly among the users. This would help
in better reputation management and
improve the brand image
7 Cost of building a Whitelabel crypto exchange platform
▸ Heavy investments in a dedicated software
development team and marketing team
would be required.
▸ The expenses of creating a full-fledged
exchange varies from one company to
another. The final price depends on the
features to be embedded in the trading
platform. It can start from $20000 and go
up to $50000 depending upon customer
preference and project complexity.
▸ It is also related to the scope and intensity
of operations of the firm.
Why choose
CES?
▸ CES is a trustworthy
Cryptocurrency exchange developmen
t company
in the industry. Our team of experienced
developers have updated market
knowledge ranging across a wide number
of industries
▸ We have developed successful projects for
many clients. Constant communication is
provided with expert assistance during
different stages of the project.
▸ After-sales support and solid maintenance
are rendered for every issue related to
your business.
Got any
questions?
Contact us via
▸ E-mail:
info@cryptocurrencyexchangescript.
com
▸ Website:
www.cryptocurrencyexchangescript.
com
▸ Phone:
+1(718)-521-4600
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