How Much Does it Cost to Launch a Cryptocurrency Exchange like Binance, Coinbase, & Localbitcoins?
The cryptocurrency exchange business solution is the trendy online business now. Also, they are one of the online businesses in this digital world. Currently, many startups and entrepreneurs are having the interest to start a cryptocurrency trading business. If you are new to this then you will have a question: what is the crypto exchange business?.
The cryptocurrency exchange is the website or platform where many crypto users will buy, sell, and trade a wide range of cryptocurrencies. As for now, there are some popular exchanges across the world. Such as binance. Coinbase, and LocalBitcoins. These exchanges have their own unique features to attract the people and to increase their user base.
So many business people used bitcoin exchange software to launch the exchange platform. There are six types of exchanges available in the crypto market place. Such as
- Centralized exchange
- Decentralized exchange
- Hybrid exchange
- Order book exchange
- Ads based exchange
- Binary options exchange
In this blog, let us see what is Binance, coinbase, and Localbitcoins exchange?. also, the cost to launch an exchange like Binance, coinbase, and LocalBitcoins.
How Much Does it Cost to Launch a Cryptocurrency Exchange like Binance, Coinbase, & Localbitcoins?
Before knowing the cost to launch the exchange platform. First, you should know about these exchanges and their features.
What is Binance?
The cryptocurrency market had a vast increment after the immense growth of binance. It is the world’s largest cryptocurrency trading platform with advanced trading modules for users. This exchange was more popular for crypto to crypto trading and this exchange was first launched in 2017. Within a few months, it became the largest crypto exchange platform according to trading volume. This exchange is working for about more than 3 years in the crypto industry.
Binance has more than 4 million active crypto traders at its exchange platform. Also, user traffic is high compared to other exchange platforms. It is due to the low transaction fees and trading fees for the cryptocurrencies. This exchange has the live order book system for trading various cryptos. So many users created an account of this exchange for a secure trading. It supports a wide range of cryptos such as binance, ethereum, ripple, litecoins, and other cryptocurrencies. They have an IEO module and that is named as binance launchpad. They also have their own crypto coin in the market(Binance coin)
Features of Binance exchange:
- Margin trading
- Future trading
- Perpetual futures
- Stacking and Lending
- A market order, Limit order and Stop limit order
- Multi-lingual
- Referral options
- User-friendly cms
- Admin panel
- Advanced UI/UX
- Live trading charts
- Perpetual swaps
If you want to launch an exchange like binance then you can use the premium bitcoin exchange software. That helps you to launch a secured trading platform instantly similar to binance. Cost is so important, it may cost up to $2500 to $4000 to buy this software from the crypto exchange providers. Also, the cost varies according to your business requirements.
What is a Coinbase?
Coinbase is one of the leading cryptocurrency exchange platforms across the globe. It is the user to admin trading platform. This exchange was first found in 2012. Here you can buy and sell popular cryptocurrencies such as bitcoin, ethereum, litecoins, and other altcoins with fiat currencies over 32 countries. Their cryptocurrency transactions are supported in 190 countries worldwide.
Coinbase exchange allows the users to trade the digital currencies at the price that is based on the crypto market. So it allows the users to buy and sell various cryptocurrencies faster than the other exchanges. It is one of the exchanges that allow credit card payments. Currently, coinbase is planning to add more cryptocurrencies for trading. So that they can attract more users worldwide. This exchange has more than 20 million crypto users worldwide.
Features of coinbase exchange:
- Cryptocurrency trading
- Crypto wallet storage
- Developer API
- User panel
- Admin panel
- Multiple gateway options
- Multi-language support
So if you want to launch an exchange like coinbase you can use a bitcoin exchange script. The cost of launching an exchange similar to coinbase will vary according to your business requirements.
What is LocalBitcoins?
Localbitcoins is a peer to peer exchange platform where the users can buy, sell, and trade bitcoins and other cryptocurrencies in a secure manner. This is the first exchange website to allow users to post advertisements for buying and selling cryptocurrencies. This exchange is more popular for the ad-based exchange. So that crypto users can post the ad with the price of the exchange rate. Also, with the payment options for exchanging the popular cryptocurrencies.
In this LocalBitcoins exchange, users can trade fiat to crypto or crypto to crypto trading in a secure manner. here users can exchange cryptocurrencies by the fiat currencies or any other cryptocurrency in a simple way. The cost of launching this exchange may cost $2500 to $4000. But it varies according to your business needs and the features that you have integrated into your exchange platform.
Features of Localbitcoins exchange:
- Escrow wallet
- Two-factor authentications
- AD-based trading
- Localbitcoins app and wallet development
- End-to-end chat encryption
- Multi-currency support
- KYC/AML
Final thoughts:
If you are planning to build an exchange platform similar to binance, coinbase, or LocalBitcoins. Then find the trusted and best bitcoin exchange provider in the crypto industries. Because everyone doesn’t provide the original bug-free bitcoin clone software. So buy the premium bug-free bitcoin exchange script and launch your own exchange platform within a few days.
