Notable Key Features for choosing your White Label Cryptocurrency Exchange Software
Cryptocurrencies are evolving around this digital world. Currently, many advanced technologies are evolving across the globe. One such advanced technology is blockchain technology. The first digital currency i.e bitcoin is discovered by using this technology.
Moreover, many crypto-based products and crypto exchange solutions are developed using blockchain. Likewise, white label crypto exchange is one of the platforms developed using the cryptocurrency exchange software. Even many crypto enthusiasts are emerging to start a cryptocurrency exchange platform.
If you are a beginner you will have a question: what is a cryptocurrency exchange?.
It is a crypto trading website where one can buy, sell, or trade crypto coins that are available in the market. Bitcoin, Ethereum, Ripple, Dash, and Litecoin are some of the popular cryptocurrencies. There will be no intervention from the bank or government. So it’s a safe place to trade digital currencies in a hassle-free manner.
Also, you can make a vast amount of profits by starting a crypto exchange platform. Already many entrepreneurs started their own crypto trading platform using white label cryptocurrency exchange software. In this blog, let us figure out what is white label software and key features for choosing your white label crypto exchange software
What is a White Label Cryptocurrency Exchange Software?
White label cryptocurrency exchange software is a ready-made software that helps you to launch your exchange instantly. It is developed, designed, tested, and ready for deployment. After purchasing this software you can customize the logo, name, and other designing parts according to your business requirements.
It is inbuilt with all the necessary technical, functional, and security features. So this white label software saves your time. Also, it saves your valuable money. This white label software supports all the prominent crypto coins for trading. So your users can trade a wide range of cryptocurrencies instantly in a secure manner.
Some reasons to choose the white label cryptocurrency exchange software are given below.
- Faster deployment
- Reliability
- Technical support
- Boosts brand visibility
- Saves time and money
Now let us look at the key features to choose your white label cryptocurrency exchange software
I think you have some ideas about white-label software. Here are some features that play a crucial role in all the crypto exchange platforms. There are lots of white label software available in the crypto market place. But only a few crypto professional experts provide bug-free white-label software with all the desirable trading features.
You have to look for some facilities before choosing your white label crypto exchange software, such as user interface, standard security aspects, certifications, seamless scalability, and customer services. There are some notable key features for choosing the best white label software, they are:
- Multi-Cryptocurrency Transaction support
- Preferred Trading
- Multi-Lingual Support
- Token Addition
- Initial Exchange Offering (IEO) Integration
- Liquidity Management
- Escrow Services
Multi-cryptocurrency transaction support
The white label crypto exchange software should support multiple digital currency transactions. Also, it should be available in the crypto market place. So that users can buy and sell crypto coins in a hassle-free manner. The software must support multiple crypto pairs with fiat to crypto or crypto to crypto trading. This might attract crypto traders from various countries. There must be a clear listing of the digital currencies. So that you can avoid confusion during the transaction.
Preferred Trading Support:
There must be a list of traders and matching traders must be available. So that one can choose the buyer or seller for the crypto trading process. Also, the option of canceling the trading process must be available. So that users can cancel the trading when they feel uncomfortable or any trust issues arise.
Multi-Lingual Support:
If you are a user, then you should be able to communicate in different languages with a necessary translation feature. It supports clear communications and GPS enabled & Tracking to locate the crypto traders across the world.
Token Addition:
We should be able to add an unlimited number of token to our white label crypto exchange software. So that many investors and startups will come to us for adding the token to our crypto exchange platform.
Initial Exchange Offering (IEO) Integration:
Users should be able to buy and sell the newly released crypto coins and tokens in the exchange platform. So that you can increase your user base and profits in your crypto trading platform. It also attracts many budding investors to join in your crypto exchange platform.
Liquidity Management:
Liquidity is more important for any business. In the crypto exchange platform, liquidity must be high. If it is less, then your user may leave your exchange.
Escrow Services:
Escrow services are said to be the trusted middleman in each transaction. This makes the buyer and seller transaction simple and increases the trust during the time of the transaction.
Where can you get the best white label cryptocurrency exchange software?
You can get the premium bug-free white label crypto exchange software from Coinsclone. It is the leading cryptocurrency exchange software provider in the crypto industry. If you are looking to start a crypto exchange business. Then use Coinsclone’s first-quality Bitcoin exchange script. So that you can build your crypto trading platform within a few days at a reasonable price.
