FINTECHSERVICE
Software development company
2023 Opportunities in Using a White Label Crypto Solution
Introduction
The best thing about the crypto industry is how multivariate it is in terms of opportunities for users. If you are only a crypto trader, you can use crypto trading bots to optimize your trading activities. And if you want to move higher in the industry, you can acquire a white label cryptocurrency exchange platform and earn more money and influence in 2023.
We have taken out time to outline some of the opportunities to be had in 2023 from getting a white label cryptocurrency exchange solution. These opportunities are highlighted in this article along with how you can create your own crypto exchange. In this article, we also briefly reviewed the provisions of FintechService, an innovative crypto fintech, where you can get well-designed and well-developed turnkey crypto solutions.
What is a White Label Crypto Exchange?
First of all, a white label solution is a software application that has been fully developed and only needs to be customized or branded to be deployed online. Such a solution is usually offered up for sale to whoever can buy it. As a result, white labeling affords ordinary people (that is, individuals and companies without advanced computing or programming ability) the opportunity to own and manage software solutions.
A white label crypto solution is the crypto option of these ready-made and customizable solutions. It is also called a turnkey crypto exchange, template crypto solution, custom-built crypto exchange, and several other names. This crypto exchange platform can be purchased from specific professional web/software developers known as crypto fintech.
Once you can acquire a turnkey crypto exchange from crypto fintech companies, you can go ahead to deploy it. All you would need to do is ask the developers to customize it to your liking and you have become a manager of a fully-functional crypto exchange platform.
Opportunities in Using a White Label Crypto Solution
1. Customization
Adjusting a crypto exchange label to suit user or manager preferences is one of the challenges of software development. With turnkey crypto solutions, you can easily customize the solution before deploying it online. This gives you a competitive advantage over other crypto exchange managers who might need to overhaul their systems whenever they need to include a new feature.
2. Saved Time
Using a pre-built crypto exchange enables you to save a lot of time you would otherwise spend developing the platform yourself. Assuming you have the technical know-how to do so, you would need at least a year to even have a strong product. On the contrary, you can get and deploy a ready-made crypto exchange in a handful of weeks or months. For example, FintechService can sort out every modification you need to be done on a turnkey crypto exchange in 3 weeks.
3. Ease of Scalability
Scalability grants a competitive edge to crypto exchange managers. The more you can apply your solution to a variety of gaps in the crypto industry, the greater your relevance. With custom-built crypto exchanges, you can easily scale your crypto business, letting it grow from a simple exchange to an investment platform, a payment option, and even a lending service.
4. Market Focus and Specificity
Using a ready-made crypto exchange helps you focus on a particular crypto market segment. Essentially, with a proficient crypto fintech on your side, nothing is stopping you from narrowing your crypto business to a market segment you believe can help you stand out. This means that you would never have to take shots in the dark by overextending yourself. No, your crypto solution can be specific, allowing you to become a relevant authority in that crypto market segment in the shortest time possible.
5. Liquidity Flow
Liquidity is one of the main issues with starting an exchange. How would you link your platform to functioning liquidity pools from other exchanges if you developed the exchange yourself? You can instead rely on the turnkey crypto exchange from a crypto fintech company. For example, FintechService offers liquidity that is linked to popular exchanges like Binance and Kraken.
6. Available Options for Feature/Platform Integration
The best white label platforms for crypto exchanges are also great for feature integration. This means these platforms can easily be remodeled to include any new feature you want on the platform. As such, your crypto exchange would be perceived as dynamic and flexible by your users. In the same vein, you can create more options for your crypto exchange on different user platforms, including mobile (for example, Android and iPhone) and desktop (for example, Windows and Mac) platform options.
7. Skilled and Professional Support
The gap between solutions developers and users has never been closer in the crypto industry. Now that you can acquire skilled and professional support in the form of crypto fintech service, why not take full advantage of it? Moreover, if you get a turnkey crypto solution from one such reliable crypto fintech service, you would have acquired the right to call on them for help whenever you need to. This also means that you wouldn’t be subjected to pricey white label crypto exchange fees for later modifications.
Overview of the FintechService White Label Crypto Solution
FintechService is a good example of a crypto fintech company with model turnkey crypto exchanges. Highlighted below are some of the benefits/features of the exchanges.
1. Link to External Sources
FintechService white label crypto solutions do not run independently. Instead, they are typically linked to credible external sources. These include the partners of the company, comprising notable crypto exchanges like Kyrrex and Rigel Platform, and the aforementioned liquidity-linked platforms like Binance and Kraken. As such, the pre-built crypto exchange from FintechService is stable and robust.
2. Extensive-Purpose Crypto Wallet
The crypto wallet feature available on FintechService’s template crypto exchange is good for providing and withdrawing funds. Furthermore, the service incorporates both the crypto and fiat exchange option, meaning that you can buy and sell cryptos with VISA or MasterCard.
3. Dynamic Trading API
The trading API designed into the FintechService turnkey crypto solution is dynamic. The trading engine is fully operative and allows P2P transfers. Thus, your users would be able to trade without going through intermediaries. The selling point of the API is that it accommodates crypto-fiat trading, meaning that your users do not have to use only crypto or fiat currencies for trading.
4. User Data Protection
The turnkey solution for a crypto exchange from FintechService prioritizes user data protection. In addition to the traditional password options for user login, there is also the 2FA (2-Factor Authentication) option to ensure that user accounts are more secure from hacking. Furthermore, you also get administrative rights to a White List which enables you to identify and approve only verified users.
5. Affiliation Links
Beyond enabling your users to connect to the crypto market, the FintechService pre-build crypto exchange also offers an affiliation program. The goal of this program is to create avenues for easy marketing in which you can design incentives for others to publicize your crypto exchange platform to users.
FintechService’s white label crypto exchange solution has many other features. Each of these are well-thought-out and demonstrate the many opportunities you can obtain from turnkey crypto solutions.
How to Create Your Own Crypto Exchange in 2023
Contact Crypto Fintech Company/Service: A crypto fintech company typically has multiple pre-built crypto exchanges available. If you want them to develop one from scratch for you, they would also be able to. So, the first step to creating your exchange is to contact a good crypto exchange builder.
Check Out the Turnkey Exchange Script: Depending on the crypto exchange builder you reach out to, you can look through the available options for ready-made crypto exchanges. Generally, you can ask for the script which lists the provisions of the crypto exchanges. From this script, you can choose which exchange fits your preference(s).
Negotiate Prices and Sign the Contract with the Development Team: Once you have chosen the custom-built crypto exchange you like, you have to negotiate prices with the crypto fintech and sign a contract with them. White label crypto prices vary from developer to developer, so you have to consult the company before you can know what a white label crypto costs.
Deploy Exchange Platform: After prices have been negotiated and contracts signed, you can go ahead and approve the customization and branding that you need done on the crypto exchange. Afterward, you can deploy the crypto exchange platform, get it listed in the crypto market, and get users to start trading activities.
As an extra, you should also try to monitor and effect important user preferences after you deploy your exchange. With the help of the crypto fintech company, you should be able to easily fix issues with the exchange and accommodate reasonable changes to the exchange’s operation as suggested by your users.
Conclusion
Getting and using a white label crypto exchange allows you to employ skilled, professional, and experienced crypto fintech companies like FintechService. With such an exchange, you can save software development time, scale your crypto business, engage your users more confidently, and become a relevant authority in the crypto industry in the shortest time possible.