cryptocurrency exchange development cost

Karthik

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Opting Cryptocurrency exchange platform as a business is just investing your time and money in a profitable crypto business. Yes, many startups and entrepreneurs are willing to start a crypto exchange platform. But they usually stumble on two major factors.

i) Crypto exchange development cost
ii) Way of developing the platform

Let us break down these two major factors here!!

Firstly, the cost can vary from person to person. Factors such as hosting, legal counselling, advertising, the technology used, the developers pay and pretty much everything you need on developing software. In general, developing software is expensive. Despite the developers pay, you need to spend money for high-security features, additional trading options, user experience, good looking interface, technically feasible backend and pre/post-marketing champaigns.

Secondly, the way of developing a cryptocurrency exchange platform. There are commonly three ways to develop a cryptocurrency exchange.

i) The first and traditional way, you can develop the trading platform from scratch. Despite the high-quality outcome, you may have to pay a hefty sum. I would say it is worth it.

ii) The second way is to buy pre-developed software that allows you to customize and deploy at a minimal cost. Yes, the crypto people would call it white label crypto exchange software. It is a predeveloped crypto trading software that helps entrepreneurs deploy their crypto exchange platforms in just ten days. You can get a free while label crypto exchange demo here

iii) The third way is to buy a clone script and develop the entire platform on your own. Blockchain seems easy, but it is very complex to understand and implement in real-time. Never take the risks on your dream projects. Leave the hassle to the experts' team. Let them have the headache!

Last but not least, Including all these factors, the average startup cost of a cryptocurrency exchange would be around 5k to 7k $ using a white label crypto exchange software.
 

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