How long does it take to create a cryptocurrency exchange & its cost?
Startups have been bringing up innovative business ideas in the newly evolved crypto space. Although, there isn’t a big business idea that could surpass the potential of the cryptocurrency exchange business. There is no doubt that many crypto startups and entrepreneurs are willing to start a crypto exchange business. Generally, developing a web application will take more time, say 6-7 months. Funding the entire development process is quite challenging. Waiting for such a long time itself will make you feel pissed.
So how do deal with this hassle?
Speaking of the crypto exchange development period, it varies on many factors.
- The way crypto exchange platform is developed.
- Features you are about to integrate into your prospective crypto exchange.
- Revenue generating modules you are about to integrate into your cryptocurrency exchange.
- The software provider you are choosing to customize.
Let us review the factors:
Cryptocurrency exchanges are developed in two ways. Either it can be developed from scratch or by using a pre-developed white label cryptocurrency exchange software. Developing a cryptocurrency exchange from scratch will take at least a year to complete. But, by using a white label crypto exchange software, startups can start a crypto exchange in less than 15 days. So, most crypto startups will prefer this type of crypto exchange development method.
Features you are about to integrate into your prospective crypto exchange. Not all cryptocurrency exchanges require similar features. It varies based on the unique business requirements. It includes trading options, security options, and advanced features. Based on the complexity of the integrations, the development period will vary.
Revenue generating modules you are about to integrate into your cryptocurrency exchange. Similar to the features and integrations to the crypto exchange, you can add revenue-generating modules like the IEO launchpad and token listing modules to your cryptocurrency exchange. I would say these integrations will add value to your cryptocurrency exchange platform. In addition to that, you can reap more profits. So, you can stretch a bit wider in terms of the crypto exchange development period.
The software provider you are choosing to customize. Here comes the most important factor you must consider. This one here plays a major role in your entire cryptocurrency exchange development. Because opting for a poor resource will not help you in any aspect. This thing we are talking about here is a cryptocurrency exchange platform. It must be developed under Blockchain experts who are highly experienced in developing crypto exchange platforms. So opting for experienced cryptocurrency exchange software providers will help you reduce the crypto exchange development period.
We have arrived at a decision here (using white label crypto exchange software) and we must discuss the crypto exchange development cost. You might be wondering, is there any relation between the crypto exchange development period and the cost. There is.
Compared to the other crypto exchange development methods, white label crypto exchange software costs are incredibly low. Developing a crypto exchange from scratch costs you more than 40k USD. Meanwhile, using a white label crypto exchange software costs only 4k USD. The development process is simple too. As this method of developing a crypto exchange is cost-effective and efficient, many crypto startups are opting for this crypto exchange development method.
How to get started with the white label crypto exchange software?
A white label crypto exchange software is a pre-developed and tested software that lets the crypto entrepreneurs customize and optimize the software based on their unique business requirements. It not only withholds the basic operations but also has all the advanced security and trading options. So, many crypto startups and entrepreneurs of this generation are preferring this white label crypto exchange software to launch their crypto exchange business.
Business benefits of using a white label crypto exchange software:
- Easily deployable
- End to end customizable
- Highly secured software
- Feature-rich software
- Stunning UI/UX
By acquiring a reliable white label crypto exchange software from a leading crypto exchange software provider, startups can start their crypto exchange in just 10 days. If this is not a good deal what is?
So, Choosing your reliable crypto exchange software provider is crucial here. Worry not, I have done the legwork and found a list of top white label crypto exchange software providers. From which, CoinsQueens holds the leading position and they are in the crypto exchange development industry with a majestic portfolio of 50+ crypto projects. They have been doing a great job helping crypto startups with high-end white label crypto exchange software.
You can reach out to their business experts and get your quote via,
Whatsapp/Telegram : +91 87540 53377
Mail : firstname.lastname@example.org
Get a free demo of their white label crypto exchange software << here