Cryptocurrency exchanges are broadly categorized into two types, regular cryptocurrency exchanges and white label cryptocurrency exchanges. A regular cryptocurrency exchange is maintained and developed by a single company. However, it is sometimes more expensive to set up and maintain these regular exchanges. Many regular exchanges also take a long time to launch. This is one disadvantage that deters many businesses from choosing these products. Therefore, white label crypto exchanges are a better alternative because these are economical and faster to launch.
Common Features of White Label Crypto Exchanges
Entrepreneurs and business owners need to know the common features that most top white label crypto exchanges provide.
Quick Launch
Business owners interested in crypto exchanges do not need to wait for months to get an exchange of their choice. The business owners can get their exchange of their choice in just 3 minutes and start trading, buying, and selling cryptos.
Multi-currency Support
The white label cryptocurrency exchange supports all common cryptocurrencies and fiat currencies, thereby allowing international accessibility. Therefore, businesses wanting to expand beyond their territories can do so easily with the help of these exchanges.
Wallet Integration
The cryptocurrency exchanges offer a robust wallet for protecting blockchain, preferring crypto tokens, and discovering top-notch dApps. The wallets enable owners to connect their exchanges and transfer funds seamlessly with a single click or a single tap. Hot and cold wallets have two-factor authentication systems for advanced protection measures.
Higher Liquidity
A cryptocurrency exchange always comes with inbuilt liquidity pools or API integrations. It will also have API integrations. The API integrations allow instant conversion of cryptos into fiat and vice versa. These tools also allow instant transfers irrespective of territorial borders.
Advanced Trading Engine
A robust exchange will have an advanced trading engine that will support real-time order matching. It will also have salient features like limit orders and stop-loss. By choosing the right company, business entities will be able to explore trading options such as spot market trading, OTC trading, futures trading, and options trading.
Compliance Tools
The businesses can freely operate by using these exchanges because the companies often prioritize compliance with the latest KYC (Know Your Customer) and AML (Anti-money laundering) tools.
User-friendly Interface
The cryptocurrency exchange platform offers a holistic view of the crypto market. It has an easy-to-use interface such that both novices and experienced traders have no problems.
Benefits of White Label Crypto Exchanges
The benefits of white label crypto exchanges are overwhelming enough. This is the reason cryptos are gaining popularity all across the world. From the perspective of new entrepreneurs, the benefits are too hard to ignore.
Highly Innovative Yet Simple
The cryptocurrency exchanges are highly innovative but are also simple to use. It is feature-rich, and entrepreneurs can concentrate on unique features without the need to differentiate their exchanges. Backend development is also not something that entrepreneurs need to worry about.
Business Entry is Hassle-Free
When business owners or entrepreneurs choose white label cryptocurrency exchanges, they do not encounter any technical or financial barriers. Most novices do not need to have high levels of domain knowledge to start a business, either.
Scalability is High
A good cryptocurrency exchange’s ability to handle ever-expanding user bases and transaction volumes is always praiseworthy and high. Business owners do not need to put additional effort into increasing the scalability of their exchanges.
Expertise in the Industry
Many reputable providers offer a host of specialists and experts 24/7 to offer reliable inputs to new entrepreneurs. Their platform is reliable, compliant with the latest industry standards and is also secure.
Top Notch Security
Choose a provider that offers top-notch security standards for safe and secure cryptocurrency transactions. Features include anti-phishing protection, two-factor authentication, data encryption, DDoS mitigation, and geo-targeting. The geo-targeting feature can detect both VPNs and Tor exit nodes.
High Degree of Customization
Businesses have different needs and preferences. The white label crypto exchange companies are well aware of this fact. Therefore, they offer multiple options for customization. These customization options enable businesses to focus on their brand image, goals and objectives.
The rapid growth of the cryptocurrency industry in recent years has fueled enthusiasm and optimism within the business community. Top white-label cryptocurrency exchanges offer distinct advantages, addressing financial challenges while enabling faster, safer, and more secure transactions. Their diverse trading options set them apart from other crypto exchanges. As businesses strive to maximize profits, streamline high-volume transactions, and adapt to an evolving landscape, cryptocurrency exchanges prove to be a valuable asset.