The popularity of cryptocurrency has reached a peak over the last few years. People around the world are using cryptocurrencies like BTC, ETH, XRP... similar to USD, EURO, and Pounds. And that is why more and more cryptocurrency exchanges are developing. So How to create your cryptocurrency exchange software solution. Let's explore the article below.
Why should you develop a crypto exchange?
With the popularity of coins, the investors are taking advantage of many different ways to make money in this area. Some mines BTC, some launch their ICOs/STO, some invests in crypto assets, while some create their crypto trading platform. However, in this highly competitive market, nothing is easy. Today, mining is more difficult, huge competition among ICOs and STO project. That is why cryptocurrency exchange solutions are in the spotlight now.
Start Your Own Cryptocurrency Trading Platform
Currently, there are many ways for you to start an exchange. However, the three most common solutions are white-label software, open-source cryptocurrency exchange solutions, and crypto exchange from scratch. You can discover the brief introduction of each variant:
- White-Label Solutions
Many companies are providing white-label cryptocurrency exchange software. You need to buy a ready solution, use its design, and start your trading platform. Buy, if using this solution, you can face low profit, inflexibility, and difficulties support.
- Open-Source Solution
These solutions can be used for any purpose. Your exchange can be deployed in a very short time. But these solutions are not reliable, secure.
- Custom Software Development
The third way is the most reliable and secure solution. Your exchange is developed from scratch. It needs more time and cost but leads to bigger profits.
Steps To Build Your Own Crypto Exchange Software:
1. Decide where to want to do your business
2. Obtain proper licensing
3. Find a reliable solution and technology partner
4. Generate fund
5. Connect your exchange with others to increase liquidity
6. Launch your cryptocurrency exchange
7. Start marketing your crypto exchange
8. Maintain a professional team for supporting
Features Of The Best Cryptocurrency Exchange
- Margin Trading
- High Leverage
- Matching Engine
- Bot telegram integration
- Liquidity Feature
- Trading Bot
- Chart Tools
- Referral Program
- Multi Cryptocurrencies Support
- Multi-layer Security
- Order Types
- Flexibility to customization and scaling
- Low delay time
Time Required For Development
Depend on chosen solutions, a cryptocurrency exchange can be completed in approximately 7 days or 1-3 months.
Cost To Start A Crypto Exchange
If you want to use the white-label exchange, you have to pay the one time fee of around 5,000 USD.
If you want a customized crypto exchange, you have to pay a one-time fee of around 30,000 USD.
VakaFX - Crypto exchange development software solutions for all business
Being the best cryptocurrency exchange providing company, we help enterprises navigate their crypto exchange development journey with highly-secure and scalable solutions.
Near about 5 years, we are handsomely successful in providing comprehensive cryptocurrency exchange source code, served more than 50+ clients worldwide. At the core of our exchange platform is a powerful infrastructure that drives quick and secure transactions. Beside white label exchange, we can help our clients specialize in creating a custom crypto exchange, as per your business needs.
If you also want to develop your own cryptocurrency exchange platform software, let our team of blockchain experts help you. Start a Crypto Exchange with VakaFX to become a successful crypto entrepreneur now!
If you have any questions, don't hesitate to contact us
- Website: https://vakafx.com
- Email: [email protected]
- Telegram: @vakaxasupport