Many developers in the digital asset market can create a digital asset exchange. This article will analyze the best software solutions designed for White Label Crypto exchange.
White label – a new trend in the segment of cryptocurrency exchanges
There are three different ways to build cryptocurrency exchange software. The first is to use a White Label cryptocurrency exchange, the second is to modify the open source code, and the third is to develop a new cryptocurrency exchange. A white-label technology or product is offered by one firm and then purchased by another to be rebranded or rebranded according to their preferences. A white-label cryptocurrency exchange software is a ready-to-use program that includes all the essential features, technical means, and security integration to make the exchange fully functional. One of the most important features of white label software is that it can be customized according to user preferences in terms of name, brand, logo, UX/UI, color schemes, etc.
White Label Exchanges allow entrepreneurs to create their own branded cryptocurrency exchanges quickly. That is why they are becoming more and more popular among potential investors. Users can also choose their transaction fees, cryptocurrency pairs, and other options.
Criteria for choosing White Label cryptocurrency exchange software
The white-label approach to creating exchanges involves the development of software by specialists that can be adjusted to the needs of different users. This scheme of work is based on creating a technical constructor, which, due to its versatility, can be sold many times. On this basis, the client will be able to build an exchange.
In this case, the user buys proven, tested software for its further configuration and launch of the trading platform. Among the companies that develop White Label solutions for crypto exchanges are HashCash Consultants, Skalex, and Infinite Block Tech.
The most important things to consider when choosing White Label exchange software are:
- Deep liquidity integration
- Dominant system of coordinated trading
- Automatic KYC/AML verification
- High TPS
- Multi-currency wallet
- Layered security integration
- Mobile Application Support
- Integrated referral program
- Firewall/Firebase Integration
- Payment gateway integration
- Transaction history and pending transactions
- Advanced blockchain technology and smart contracts
- Support for multiple currencies and languages.
- API and SDK integration.
What are the best White Label cryptocurrency exchange software alternatives?
A White Label crypto exchange is a “generic” software that will allow you to quickly and inexpensively deploy your working cryptocurrency exchange, if you wish, with your design and under your brand.
The most widespread software solutions for White Label in 2022 include:
- Crypto Exchange API
Advantages of White Label cryptocurrency exchange software
What is good about this option? There are the following advantages:
- you can make sure that the exchange is working on a demo trading platform and evaluate its functionality;
- the cost of the software is known in advance, and all conditions are agreed “on the shore” since the solution is typical, the costs for it are several times lower than the cost of developing a crypto exchange “from scratch”;
- out-of-the-box software will allow you to quickly, within 3 to 14 days, deploy your own crypto exchange and put it into operation;
- White Label developers are engaged only in the development of the basic platform and nothing else; therefore, all general or private improvements and additions will simultaneously improve your exchange, and your current tasks and plans for the development of the trading platform will always correspond to the main direction of the development team.