White label crypto exchange software is becoming the go-to solution for building customized digital asset platforms. They are quick to deploy, easy to brand, and cost way less. This guide will go through the nuances surrounding these solutions and some of the services you can contact to begin.
KEY TAKEAWAYS
• The best white-label crypto services include Hashcash Consultants, Blockchain App Factory, and Infinite Block Tech.
• White-label crypto solutions offer a quick, cost-effective, and customizeable way to launch digital asset platforms.
• Key components of a successful exchange include a trading engine, wallet management, reliable liquidity, and crypto custody.
• Legal compliance, payment processing, and customer support are critical operational challenges that must be addressed before launching an exchange.
- The best white-label crypto exchange solutions
- What are white-label exchange solutions?
- Building a Cryptocurrency Exchange from Scratch
- Essential components for cryptocurrency exchanges
- Issues to resolve before launching your cryptocurrency exchange
- Cryptocurrency is growing in popularity
- Frequently asked questions
The best white-label crypto exchange solutions
Getting a white-label cryptocurrency exchange is usually the best bet for a company with limited resources. If you’ve made the decision, here are some of the top solutions providers you could consider:
1. Hashcash Consultants
Founded in California in 2015, Hashcash Consultants functions as a global software company. Its subsidiary, Hashcash Blockchain Products, allows crypto companies to make significant asset remittances across borders.
The company runs PayBito, a U.S.-based crypto exchange, and a crypto payment processor known as BillBitcoins. Some of its other services include digital asset investment, blockchain education, ICO services, and software solutions.
PayBito features
The crypto exchange software from PayBito provides a high-frequency exchange that supports major global fiat currencies. They also provide a multi-sig cold wallet and encrypted hot wallets to secure users’ funds.
You will get a robust matching engine to facilitate trades, for instance. That, and you’ll see a streamlined process for adding or removing trading pairs with ease. The white-label crypto wallet from PayBito also offers the following:
- Customer Management System (CMS)
- Document management
- Know-Your-Customer (KYC) security verification
- Block confirmation tracking
- UI/UX branding
- Admin Console
- Firewall implementation
- Block confirmation tracking
PayBito’s crypto exchanges are compatible with ERC-20 tokens, and you get a mobile application with your package. They support multiple languages as well.
There’s no standard fee for an exchange on this platform. You will need to contact PayBito to get a quote. The company charges based on the features and capabilities that you will like in the exchange.
2. Blockchain App Factory
Our second pick, Blockchain App Factory, is a firm that offers a wide range of solutions for a multitude of blockchain-based business types. It not only helps customers build exchanges but also offers DeFi, NFT, fundraising, nodes, artificial intelligence (AI), and marketing services, assuring considerable advancement in these fields.
Kamesh Elangovan and Ramkumar Subramaniam founded the firm in 2010. It is located in Chennai, Tamil Nadu, India, has over 500 employees, and has aided more than 400 businesses, including big names like McDonalds, Polygon, and Shell.
Blockchain App Factory features
Blockchain App Factory’s white-label solutions come with all the basics that you will need to serve any crypto investor or trader. Some of these include:
- Coin, token, and NFT development
- Exchange development (OTC, margin, and derivatives trading)
- Exchange cloning (e.g., Poloniex, Coinbase, etc.)
- Launchpads
- ICO/IDO
- Marketing and advertising (e.g., PR, social media, influencer marketing)
- Game development
- AI development
- Blockchain development
- Decentralized exchange (DEX) development
3. Infinite Block Tech
As an American technology company based in California, Infinite Block Tech offers bespoke and highly functional crypto exchanges to their clients.
A white-label solution from this company can handle up to 50,000 transactions per second. Infinite Block Tech also assures that they will have your platform ready for launch in two weeks.
When you’re ready to launch, Infinite Block Tech will also provide support and maintenance services for your company. To improve the platform’s visibility on the Internet, you can check the service’s Search Engine Optimization (SEO) and marketing packages.
Infinite Block Tech’s white-label cryptocurrency exchange supports all major crypto and fiat currencies. The platform is also compatible with ERC-20 tokens, and it provides high-level liquidity to allow users to access quick conversion.
The pricing is not fixed. You have to contact the provider for a quote. They charge based on the time taken to deploy the exchange, the available features, and the work that goes into creating the exchange.
Infinite Block Tech features
The white-label crypto exchange services from Infinite Block Tech comes with all the basics:
- CMS
- Firewall integration
- KYC/Verification System
- High-capacity matching engine
- Wallet Management System
- Customizable user interface
- KYC/AML verification
- Integration with other crypto exchanges
- Block confirmation tracking
- Multi-Factor Authentication
What are white-label exchange solutions?
A white-label crypto exchange solution is software developed by a third-party operator. It is then customized and rebranded for several companies. The company buying the software will brand the solution as its own and build on it to fit their needs.
An organization that purchases a white-label cryptocurrency exchange won’t need a vast technical resource team to oversee and review it. The exchange is pre-tested and can be changed and customized.
White label is a broad term applied to multiple business types. This term can also apply to technologies used in banking, payment processors, bots, insurance, game engines, and more.
The benefits of white-label crypto exchange solutions
For someone who works in the blockchain and web3 industry, the appeal of using white-label solutions is obvious. It’s simple, cost-effective, and saves time and effort.
Saves time and money
A white-label solution saves time and money. The modules are ready-made, which eliminates the need to build from scratch. You could save the time and money that you would have spent on additional development processes.
Easy customization
White-label cryptocurrency exchanges feature modular and straightforward architectures. Thus, with the right expertise, you will be able to make changes to their interfaces without messing up their technical functionalities.
The white-label cryptocurrency exchange solution that you work with will design the trade engine, user interface, and admin panel. So, all you have to do is customize the platform based on your requirements and those of your target customers.
You can easily rebrand the exchange to fit your business’s needs. These rebrand components include interface layout, design, and more.
Quick deployment
Remember that a white-label crypto exchange comes with a core that is ready for operation. You merely need to make the required changes and deploy it.
Sustainability and reliability
A white label crypto exchange comes with its earlier versions too. To enhance its functionality down the line, developers always have these previous versions as references.
Minimal technical expertise
Since a white-label crypto exchange has everything you need, extensive coding knowledge isn’t necessary to operate it. If you want to upgrade the system down the line, you could always hire a developer.
The basics of exchanges are fairly easy to understand, but like with all things crypto, the deeper you go, the more there is to process. Learn more about exchanges at the BeInCrypto Telegram group.
Building a Cryptocurrency Exchange from Scratch
Building an exchange is never an easy endeavor. As a cryptocurrency entrepreneur, you might feel the need to develop your system from the ground up. This route is often the most expensive and, for some, the most rewarding.
You can also customize every single detail for your new crypto or Bitcoin exchange. In rare cases, you could expect about 12 to 14 months for detailed planning, architecture, design, and debugging. But is it worth it? How do you begin the process?
Essential components for cryptocurrency exchanges
You will need to incorporate some vital components that form your exchange’s foundation. These include:
- User interface
- Trading engine
- Crypto custody
- Market making
- Admin panel
- Wallet management
The trade engine is the center of the exchange. It performs transactions and combines buy and sell orders. Amongst all things, the trade engine should be fast and able to handle multiple requests in a second. Your user interface should be user-friendly. If possible, you should also add support for various languages.
Exchanges also require liquidity. This can mean one of a few things: in one sense, it is the ability to trade an asset with minimal price impact (market liquidity); in another, it is the ability to trade between assets with little difficulty (asset liquidity). Rather than maintain the capital required for trades and take on market risks, exchanges will employ market makers to provide liquidity.
As a market maker, you know, we facilitate and provide liquidity for both token issuers and exchanges. And typically a token issuer will provide capital to us, which we algorithmically and systematically manage the order book for.
Reed Werbitt, U.S. CEO of Flowdesk
Last but certainly not least, crypto custody is an important part of an exchange. Rather than building out its own infrastructure, some exchanges will use custodians to hold customers’ crypto (e.g., Ledger Vault, Fireblocks, Coinbase Custody, BitGo). They typically have enhanced security measures, onsite security, multi-sig wallet security, and insurance.
Issues to resolve before launching your cryptocurrency exchange
Regardless of how you choose to create your digital asset platform, some issues are bound to arise. These include operational and business factors that will determine your exchange’s success. Here are a few of them:
Legal problems
The whole cryptocurrency sector is often in a fight with regulators. This is due to the lack of clarity on how it works. The first thing you need to do is clarify the legal status of your exchange in your jurisdiction. What is required? Who regulates it? What kind of assets can your users trade?
In some countries, it is much easier to launch businesses than in others. For example, in the U.S, different states have varying laws. Some states like New York require crypto firms to obtain a license before they’re allowed to operate in the state. This could mean a lengthy delay and lots of paperwork.
Cryptocurrency regulation varies between countries. However, operational requirements and directives differ too. Most countries also require crypto companies to adhere to Anti-Money Laundering (AML) and KYC standards.
This is important to know before you start marketing your business online. Violating any of these laws will lead to fines or even permanent closure.
Payment processing
Exchanges that transact with fiat currencies need banking and payment partners. Your exchange will need a bank account for customers to send funds. You’ll also need a payment gateway to enable real-time payment.
Sadly, this is easier said than done. Banks in some countries are still afraid to do business with crypto companies. In some cases, they are banned. Your success with this will depend mainly on the banking rules in your incorporated country. Crypto companies tend to find it harder to partner with banks in heavily regulated markets.
Liquidity management
DEXs benefit from user-added liquidity in liquidity pools. CEXs typically do not have this luxury because they use order books and, therefore, require a different solution. Your exchange’s liquidity position will depend on its trade volumes. Without high trading activity, you can’t conduct exchanges. So, to provide liquidity, your platform will need to attract market makers.
Establish a customer support service
A courteous and professional customer support team is a sign that your cryptocurrency exchange is reliable. Hire customer support staff who are friendly and loyal to reach your clients and help them in any challenges. Remember that your exchange’s reputation will significantly determine its success.
Cryptocurrency is growing in popularity
As cryptocurrency grows in popularity, exchanges will follow suit. There are many considerations for companies trying to build crypto exchanges that can stand with the best in the business. Still, the cost and time consideration make white-label crypto solutions a worthy alternative.
Frequently asked questions
What is white label?
What is a crypto exchange?
What components do you need to create a cryptocurrency exchange.
What is KYC?
Disclaimer
In line with the Trust Project guidelines, the educational content on this website is offered in good faith and for general information purposes only. BeInCrypto prioritizes providing high-quality information, taking the time to research and create informative content for readers. While partners may reward the company with commissions for placements in articles, these commissions do not influence the unbiased, honest, and helpful content creation process. Any action taken by the reader based on this information is strictly at their own risk. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
