White Label Bitcoin Exchange Software or Development From Scratch
One
of the biggest questions doing the rounds of the cryptocurrency
market is – whether to build a cryptocurrency exchange from scratch
or choose a white label solution?
If
you are planning to build a cryptocurrency exchange, you are more
likely to ask the same question. This article explains the pros and
cons of both white label exchange and developing the one from
scratch, to help you make the right decision for yourself.
Let’s
begin with understanding each type of exchange.
What
is a white label exchange?
A
white label Bitcoin exchange software
is readymade software integrated with all the primary features of a
crypto trading platform. It has the core, the backend and the
database ready; the front-end can be easily customized to incorporate
your brand logo and color theme.
What
does it mean to build an exchange from scratch?
Developing
a cryptocurrency exchange from scratch means doing every single thing
right from the beginning – choosing the right technology; deciding
upon the features; getting the development done; testing the
platform; deployment of the platform; and more. It requires a lot of
time and cost.
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