Nowadays, the usage and prominence of cryptocurrencies are rapidly evolving in the digital market. According to a Modor Intelligence market study, the cryptocurrency market is expected to grow at a CAGR of 60.2 % until 2025. Similarly, we also give equal importance to transacting these valuable cryptocurrencies in a safe and secure way. This is where the crypto payment gateway comes into play a major role
A Crypto payment gateway is a piece of software that can transact cryptos in a safe and secure way. Also, it is instantly transacting in fiat to any other cryptocurrencies. Crypto payment gateways are extremely useful for the modern financial world in recent times Considering the beneficial factors of crypto payment gateways lot of entrepreneurs and startups are shown their willingness to develop their own crypto payment gateway.
Coming to develop a crypto payment gateway is not as complicated as you think. It is involved a series of steps and finally got your feature-rich, result-oriented crypto payment gateway for your business. Let’s see the steps that are involved in crypto payment gateway development
1. Understand the current market
The primary step of developing a crypto payment gateway that are you understand the current market i.e, you got an idea about the scenario of the current market of crypto payment gateway. You can determine the complexity and features.
2. Developing methodologies of crypto payment gateway platform
Generally, crypto payment gateway platforms develop in two methodologies
Develop from scratch - It is the process of developing a crypto payment gateway from the base, (i.e), you need to select the right technology and other aspects. Developing a crypto payment gateway from scratch is slightly expensive and more time will be required. The more you spend on this method, the more you gain.
White label software - It is ready-made software that is pre-built with all the customized features as per your business requirements. Additionally, you can easily develop a crypto payment gateway in a cost-effective way.
From the above two ways, developing white label software is an efficient and cost-effective way. On the other side, you can also prefer the scratch method as it has some beneficial factors. However, the choice is yours. Do some analysis from your end and choose which is suitable for your business needs
3. Consider the features of crypto payment gateway development
In developing a crypto payment gateway platform features play an important role. Here is the list of features that are you need to consider
- User Sign-in/ Sign-up
- KYC verification
- Admin and user Dashboard
- Wallet integration
- Deposit & Withdraw History
- Support Ticket Submission
- Transaction History
- Merchant Tools
- Merchant Payment History
- Commission Settings
- Security Settings
- Content Management System
These features must be enabled for your crypto payment gateway and you can also customize these features depending on your business needs.
4 Consider the cost and time period
The final step is to consider the cost of crypto payment gateway development that is suitable to your budget and also check the time period of fulfill your project
These are the essential things you consider before developing a crypto payment gateway
Now if you got an idea about the development process of a crypto payment gateway then you can approach the leading crypto payment gateway development company in a crypto market. Nowadays a lot of immature firms are developing the crypto payment gateway. But keep in mind “All the glitters is not gold”. So choosing the right one is essential. From my market analysis in recent days I find one of the company “zab technologies”. They are the leading crypto payment gateway development company in the crypto market and they can develop your own crypto payment gateway platform with affordable cost and finest quality.
Also, talk to their business experts directly via,
Whatsapp / Telegram @ +91 77085 29089