Crypto exchange softwares price: List of Features at your budget!
Crypto Exchange Softwares: People have already started to focus on the cryptocurrency domain with the motto of making big money in the upcoming years. Undoubtedly, cryptocurrency exchange solutions are thriving since there are a lot of opportunities for various sectors and traders in the near future. But the important thing to be noted here is how much to spend to start a crypto exchange!
As a crypto enthusiast, you would probably like to develop a Cryptocurrency Exchange. But the popular query is “How much does it cost to create your own crypto exchange?” “Will the cost be too high for crypto exchange development?” “Should I spend huge money on development?” “Which is better white label crypto exchange software or develop from scratch?” “Is cryptocurrency exchange software price cheaper?” etc. This blog answers all your questions to get started right away!
What is the Cost to create bitcoin exchange?
Before knowing the cryptocurrency exchange software price, here are the basic steps you should be aware of!
Understanding the Basics:
Initially, to build your own bitcoin exchange website, you should first know different types of cryptocurrency exchanges in the industry. There are commonly three types of exchanges such as:
- Centralized Exchanges
- Decentralized Exchanges
- Hybrid Exchanges
A Centralized Crypto Exchange consists of a middleman to perform the transactions to buy and sell digital assets. While decentralized exchanges perform anonymous transactions without a middleman. Hybrid Exchanges, on the other hand, are a mixture of both centralized and decentralized exchanges.
Therefore, know the working behind these cryptocurrency exchange solutions completely and choose the desired type to create your own crypto exchange.
Secondly, you should know the type of Cryptocurrency Exchange product you have decided to launch in the industry. It can be:
- White label exchange platform or Ready-made Crypto Trading platform
- cryptocurrency exchange platform development from scratch
Shamla tech being a Top Company provides both the solutions to develop cryptocurrency exchange of your own.
A white label decentralized exchange is a readily built bitcoin trading software that you can buy and alter as per your needs. You can add or remove or alter functionalities and personalize it completely.
There are White label software and script which are available at Shamla tech, which will help you to create your own crypto exchange instantly!
But the overall advantage here is, you can save your hard-earned money as well as your time. Additionally, this can be a perfect choice if you lack technical knowledge. Since the software is already built, it will be better even if you have only limited knowledge of how it works.
On the other hand, starting a bitcoin exchange from scratch is also possible. You can list the options and futuristic functionalities in your cryptocurrency trading platform.
However, the time for cryptocurrency exchange platform development usually takes around few months to get developed based on your customized requirements and advanced functionalities involved in it.
Therefore, know which one you are going to move with. If in case you have any urgent requirements, it is better to go with buying a White label exchange platform in the market rather than to build your own bitcoin exchange website.
Figure Out the Time and Budget Constraints:
It is crucial to know the exact duration within which you need your crypto trading software to be built. Yes, it is important since it determines your cost of building a Cryptocurrency exchange. For instance, if you require your platform to be built within a week, the cost will comparatively be more.
The next thing is to be clear of your maximum budget. Remember to discuss with the experienced cryptocurrency exchange consultants, the budget should also include future plans as well! For instance, if your exchange encounters any issues, you should have a good team of developers to manage them.
In addition to both the above constraints, you need to spend on general factors such as:
- Providing wages to the employees
- Legal Compliance for your crypto exchange
- Due Diligence.
And much more. Hence, ensure your budget is enough for your business needs and to manage the time effectively to create your own bitcoin exchange.
Features of Cryptocurrency Exchange Platform:
To create a bitcoin trading software, a good cryptocurrency development company would technically draft a roadmap with the functionalities you need.
Here is the list of basic components you will have in the crypto exchange:
- Intuitive User Interface
- Admin Panel
- Investor Panel
- Trading Engine
- Order Book
- Escrow System
- Liquidity API
- Cryptocurrency Wallet
- Security Protocol Implementation
- Payment Gateway Integration
- KYC/AML Solutions
These are the entities that we have integrated into our readymade crypto exchange software at Shamla tech. In addition to this, you can also add more enhancing features to the platform.
For instance, our white label decentralized exchange relatively supports these advanced features but the cost to start a crypto exchange might differ as we integrate the following set of features:
- Margin Trading
- Security Token Exchange
- IEO integrated module
- Mobile Application support for Android, iOS
- Market Orders
- Trading Bot
Therefore, depending on the features you require in the cryptocurrency exchange platform, so will be the crypto exchange development cost.
Influence of these Features in a Crypto cryptocurrency exchange software price:
Creating an easy-to-use account system is a mandatory thing in crypto exchange development. The user accounts should be built in a manner that effectively helps both new and experienced traders and enable them to deposit and withdraw digital currencies in the platform.
Secondly, the Know your customer (KYC) and anti-money laundering (AML) allows users to verify the trader’s identity on their websites. Moreover, with this tool users can trade with more cryptocurrencies and also helps to process huge amounts of transactions per second with utmost security. Hence, this is considered to be an add-on feature in a crypto trading platform.
Next, come the security features. The features include 2 factor or multi-factor authentication, Multi-Signature wallets, escrow, cloud flare, http private key, Time-locked Transactions, Clickjacking attacks,s and X-Frame-Options, CSRF Protection, Cross-Site Scripting Cross-Site Scripting protection, DDoS Protection, etc. You can choose the protection methods to bring out a completely reliable and trustworthy platform. Finally, you should implement security protocols such as Data Encryption, Jail Login, CSRF Protection, etc to get rid of being hacked.
Undoubtedly, having an intuitive interface is crucial when you create your own bitcoin exchange. Traders should easily navigate within the crypto exchange and perform instant trading.
As an administrator, you should be able to effectively manage your dashboard. Hence, it is important to integrate features such as pending, ongoing, and upcoming transactions management, investor management, etc in a hassle-free manner.
On the other hand, your users should also enjoy advanced yet user-friendly features in your exchange platform. In this case, you can integrate entities and daily needs such as live statistics, history of transactions, buy and receive cryptocurrencies instantly, view balance, and of course instant alerts or notifications.
Next is the crypto wallet integration. Some users will prefer Hot wallets for easy and instant transactions while some prefer cold storage for offline and safer transactions. Therefore, decide whether you are going to add both the storage methods for the wallet.
Additionally, the Bitcoin Trading software must have:
- Ease & Instant registration
- 24*7 Customer Support
- Statistical monitoring
Cryptocurrency exchange software price:
Being a leading cryptocurrency exchange solution development company, we cater to our clients the best-in-class crypto trading platforms at an affordable price. As discussed, the cost will vary depending on your customized requirements.
It primarily ranges changes for crypto exchange development from scratch. With the project complexity, your unique requirements, and customized features, the price may differ. When it comes to White Label Crypto Exchange, it can vary.
If you require a White label exchange platform or a start a bitcoin exchange from scratch, you can get in touch with us right now! We love to answer all your queries to make you feel worry-free!