Nowadays, most entrepreneurs and startups are interested in developing a crypto exchange platform. Because it is one of the best and easiest ways to generate revenue in a short period. But before initiating the crypto exchange business they must know the development methodologies
Generally, crypto exchange platform can be developed in three methodologies
- Develop from Scratch
- Built from Open-Source
- Develop from white-label crypto exchange software
Develop from Scratch:
Difficulty level: It is a tedious process to develop your own crypto exchange
Time period: It will take around 6-10months time
Cost: Development cost is very expensive
Coding skills: Technical team is required to develop your crypto platform
Features: you can get only a limited number of features
Beta test: single time tested only
Add-ons: very risky and too expensive
Develop from open source:
Difficulty level: It is easy to develop if you have expertise in blockchain technology, but it’s an easy hack and data loss.
Cost: Development cost is Too high
Time-Period: You can’t determine the time period to build your crypto exchange platform.
Beta Test: Needs extensively skilled testing team
Features Easy to get but it is not guaranteed for working.
Add-ons: Very risky & too expensive
Develop from white label crypto exchange software
Difficulty level: You can develop your crypto platform in simple and easy
Time-Period: you can develop a crypto platform within a week
Beta Test: multi time tested
Features: It comes with all essential features that are necessary for running a crypto exchange
Add-ons: you can easily enable addon-modules
Now, you’ll have a clear idea, of why white label crypto exchange software is the best method for cryptocurrency exchange development.
Now if you have a plan to develop your crypto exchange platform approach the best cryptocurrency exchange software development company*in the crypto market and develop your own crypto exchange platform in a hassle-free manner