How To Build a Cryptocurrency Exchange without Coding Skills?
Create & launch popular crypto exchanges like Binance, Coinbase, and LocalBitcoins without coding skills
The people in the crypto space are well-aware of the fact that the crypto exchange business’s growth is unstoppable. Even during the COVID-19 pandemic crypto exchange business was seeing immense growth, which shows the ability of the crypto exchange business in this digital era. But till now, many are hesitant to start the crypto exchange business, thinking that a techie will only be able to enter into it, which is not true. A person without technical knowledge can start a crypto exchange business, and let me tell you, how is it possible.
How can a startup/entrepreneur create a cryptocurrency exchange without coding skills?
Well, the answer to the question is very simple, there are two possible ways by which an entrepreneur or startup can build their own crypto exchange platform without coding skills,
- You can hire a freelance blockchain developer
- Or else you can get a white label crypto exchange software from a reliable software provider.
Even though there are two possible ways, only one among them is practically possible in the current market. Let us see which is the best way and why is it said so by doing some comparisons.
After looking into the comparisons, it is very much clear that getting white-label software is the wiser choice that anyone could make when planning to create a crypto exchange platform. Let us some of the business benefits of getting white-label software from a script provider.
Business Benefits of White Label Crypto Exchange Software:
Scalability: With customization of features, visuals, interface, and many more in the white-label crypto exchange software enable high scalability for your exchange.
Monitoring: You can monitor your crypto exchange platform with high efficiency.
ROI features: It gives you the liberty of integrating exciting ROI features which benefit you with large profits.
Beta module: The Beta module enables you to run multiple tests on your crypto exchange platform.
Cost efficient: The cost of getting white-label software saves your pocket by requiring less investment.
Duration: The White-label software is a pre-developed one, you can deploy it within a few days.
Here I have mentioned only a few of the business benefits of using white-label software, apart from these benefits, there are more benefits of getting white-label software. But now, it is time for us to look into the types of working models in a crypto exchange platform. Because depending on the crypto exchange working model, you should choose the features you integrate also differ, so let us have a look at it.
Working models of crypto exchange platforms
- Ads Based or P2P
- User to Admin
- Orders Book
Features to integrate into ads-based or P2P crypto exchange platform
- Escrow Security
- Dispute Functionality
- Escrow wallet
- Buy & Sell order posting (Like Ads)
- Multiple payment methods & so on.
Features to integrate into User-to-admin crypto exchange platform:
- OTC trading,
- Instant Buy & Sell
- IEO MOdule
- Staking
Features to integrate into Orders book crypto exchange platform
- Order Book,
- Spot trading,
- Types of Order,
- Match Engine,
- Derivative Trading
- Crypto & Fiat Payment gateway
- Crypto wallet & some more.
These features that I have mentioned above are the ones that are particularly for that working models, but some features are common for all types of crypto exchange platforms, and those are,
Common Features for All types of White Label Crypto Exchange Software:
- Multi-cryptocurrencies Support
- Referral options
- Admin panel
- User panel
- Advanced UI/UX & much more
- Multi-language support
- Multiple Trading Pairs
- Margin trading
- KYC/AML
- HTTPs authentication,
- Biometric authentication,
- Jail login,
- Data encryption,
- Two-factor authentication,
- SQL injection prevention,
- Anti Denial of Service(DoS),
- Cross-Site Request Forgery(CSRF) protection,
- Server-Side Request Forgery(SSRF) protection,
- Anti Distributed Denial of Service & many more.
Mandatory features are integrated into the crypto exchange white-label software apart from the basic features additional charges are applicable for advanced features. Not all white-label script providers offer this at an affordable price only a handful of them are providing high-quality white-label label solutions at a budget-friendly cost. You need to do some research and choose your script provider.
Final Words
Choosing the right white-label software provider is the most important step in building your crypto exchange platform without any coding skills. There are some criteria by which you need to conduct your research. You need to look for their ratings, reviews, services they offer, and at what price they offer. These are the mandatory factors that you need to keep in your mind while choosing a white-label software provider. Once you have reached out to a trusted white label crypto exchange software provider, you can convey your requirements. Finally, they will do the all work that is required to launch your crypto exchange platform.
