Crypto Exchanges are increasing day by day but trading these exchanges is also important. Currently, many cryptos are available in the market and more are pacing up. Hence, building exchange businesses are trending these days which is further streamlined with White-Label Exchanges.
Are you also thinking of creating your own crypto exchange business? Money problems arise for startups and small businesses while thinking about starting crypto projects. One most important things to get you loosened from stress is top-rated White Label Exchange capabilities.
White Label Cryptocurrency Trading Platform will always save clients money and time. Here in this blog, you will understand more about what is White-Label Crypto Exchange and the features of crypto exchanges.
| For Any Query Drop A Mail At info@coindeveloperindia.com
What Exactly Do You Understand by White-Label Crypto Exchange?
White Label Crypto Exchange is a read-made framework of the crypto software already pre-manufactured by another party and retailers sell these crypto exchanges with customizations.
Let’s understand the term in simpler words, taking someone else’s product and putting your name on it, is what is referred to as White Label Exchange. Most of the time, the final product is a total win-win situation for both parties. Here in the following partnership, manufacturers are only focusing on building it from scratch and more on improving the product. While sellers only focus on marketing and selling the product to ultimate customers.
Many popular products are using the white-label concept as it is saving your time, cost, and research expenses. Starting it for your business is easy as you just have to put your name on the platform.
Crypto Exchange Features
Now, White label crypto exchanges are well understood from the above explanation. For more knowledge of the same subject matter, let’s explore some of the features of crypto exchanges.
Authorization and Verification
Creating a crypto exchange is not an easy task. Authorization and verification are most significant for the users’ funds and other pieces of information. One can use their wallets or funds by verifying with their mobile numbers and email IDs.
Trading Engine system
The trading engine system is the most important factor. Managing orders automatically on the crypto exchanges platform are reasoned with this Trading Engine system. Tracking real-time price rates and processing transactions are helped through this system. This will be done by filling buy and sell orders according to market conditions.
Crypto Wallets for Deposit/Withdrawal
Crypto wallets are used to transact one crypto to another. By using wallets, one can send and receive cryptocurrencies. Every crypto exchange should have its wallet system to let users transact cryptocurrencies and access them from anywhere anytime.
Internal API
Databases should be interconnected with the internal APIs to automate transactional processes and also to allow users to receive information directly from third-party platforms.
Admin Panel
For managing software’s content and all other functionalities, employees use the admin panel firsthand. This feature is used to setting up new pages, change existing ones, add some new products, manage other users, and so on. Upgrades can also be done by using this feature of the platform.
Analytics Dashboard
You surely need to monitor how well your crypto exchange platform is doing. Get all the statistics from the number of visitors per day, per week, etc. to all the other information related to the software’s behavior.
Notifications and Alerts
Frequent changes occur in the cryptocurrency world, so it is important to get all the updates on market trends and price movements. Every user who is trading consistently wants to be notified about price changes so that they can go ahead and take first advantage of the situation more than others.
Help and Support System
A good crypto exchange platform offers a wide range of services like FAQs, chat boxes, tutorials, and many other ways for your customers’ service representatives when one does have doubts about their accounts, orders, etc.
Integration with bank cards
Starting a cryptocurrency exchange may also focus on depositing funds through bank cards, as some exchanges do allow this feature on their platform. Bank cards make it possible to trade crypto coins instantly without having to confirm from an external wallet provider.
Transaction History
The transaction history feature is the most important one among all of the above in the crypto trading platforms. As its name suggests, the following feature allows you to see your past transactions and also how much money you earned and lost while trading.
Final Words
Here in this blog, we concluded about the know-how for White Label Crypto Exchanges and their features. From rising the demand for cryptocurrencies to platform development, we have covered all the major points. You are supposed to read the topic while you’re also thinking about creating one.
If you want to build crypto exchange software, you must hire some proficient experts for the same. Hiring dedicated/experienced crypto exchange developers is not an easy task when there are so many available in the market. We would like to recommend one of the Leading White Label Cryptocurrency Exchange development company, Coin Developer India.
The Company has a 100% flexible team of highly experienced developers. They are providing many crypto-based solutions along with making these services more customizable and affordable.
Quick Connect At +91 7240607737