Get to know the step-by-step procedure to establish your White Label Crypto Trading Platform in 2022

With a market capitalization of $2.03 billion, the crypto industry has gone by magnificent proportions. Undoubtedly, investors continue to pour more money on Bitcoin (BTC) and Ethereum (ETH). Today, there are 457 trading platforms across the world. Importantly, crypto investors get several advantages like anonymity, instant processing of transactions, freedom from governments, hassle-free trading of assets, protection against inflation, and liquidity.  Are you an entrepreneur who wishes to take pole position in the digital economy? Develop a White Label Crypto Exchange in partnership with AppDupe.

Follow the Steps below to launch your Crypto Trading Platform 

• Comply with regulations – It is essential to follow Know Your Customer (KYC), Anti-Money Laundering (AML), and Counter-Financing of Terrorism (CFT) guidelines while developing a Crypto Exchange. Generally, these rules vary from one country to another. Thus, you have to take into account the rules and regulations passed by governments, investigative authorities, and enforcement agencies. This is important when crypto trading platforms expand across different nations. 

• Network with investors – Unquestionably, a lot of investment is required to create and manage the operations of a crypto exchange. Thus, you must spend capital related to assembling the tech stack (programming languages, smart web frameworks, and contract auditing tools), hosting the exchange on a decentralized server, and implementing marketing campaigns. 

Moreover, aspiring cryptopreneurs like you should prepare a pitch deck and include information about the business  model, roadmap, background and achievements of the team members. This will help in convincing the leading  Venture Capitalists (VCs) and institutional investors. 

• Collaborate with a white-label solution provider – Centralized, Decentralized, Hybrid, and Peer-to-Peer (P2P) are the common types of Crypto trading platforms. You can reveal your business goals to a reputed white-label solution provider.  

The solutions include crypto exchange software development, creation of clones similar to Binance, Coinbase, LocalBitcoins, Bitpay, Poloniex, Bitstamp, WazirX, Bitstamp, Remitano, KuCoin,  Paxful etc. Moreover, investors can access other features like a margin trading facility, integration with hardware and software wallets, a brokerage trading terminal, cloud enterprise exchange solutions, and access to other financial services like derivatives, futures and perpetual contracts, crypto lending, and buying and selling of vanilla options. 

• Establish a Liquidity API – You can attract small and big investors across the world by creating a Liquidity API. The benefits include access to a greater order depth, a greater trading volume, and cross-bridging of assets without any fees. Investors also get several advantages like instant price discovery across different Centralized and Decentralized trading platforms, hassle-free access to order books, and discounts on trading fees. 

Moreover, they can make the right investment decisions by seeing graphs and charts. This shares real-time updates about changes in prices, market movement, and the fluctuations in trading pairs. 

• Collaborate with a payment solution provider – Importantly, the international financial system has undergone several changes. From holding physical notes and coins, people are interested in digital currencies now. 

Further, investors can hold their virtual assets in software wallets. They can choose Coinbase Wallet, Dapper, Kaikas, MetaMask, MyEtherWallet, Trust Wallet, Portis, Torus etc. Traders can shield their funds with private keys. Moreover, crypto holders can also back up their digital currencies offline by utilizing hardware wallets such as Trezor One, Ledger Nano S, and Ledger Nano X. 

You need to choose a reputed payment gateway creator like the speed of processing transactions, security measures, rules and regulations of authorities, and the fees involved in interchange and conversion. 

• Incorporate military-grade security steps – You need to protect crypto investors from hacking, phishing, and scamming attacks. Thus, measures like end-to-end (E2E) data encryption, two-factor authentication (2FA), a PIN, multi-factor authentication, and Bluetooth integration are essential.

Moreover, crypto holders can safeguard their virtual currencies by utilizing private keys and secret recovery phrases. This prevents unauthorized usage of funds. Generally, offline wallets are highly secure with firmware verification, an ultrasound hardware seal, a secure update procedure, additional support for passphrases, backup of personal and financial data, and a protected bootloader. 

1. Test the functioning of the crypto exchange – It is essential to scrutinize the functioning of the crypto trading platform before launching it in the market. A white-label solution provider is adept in smart contract auditing, penetration testing, protection against intrusion and security breaches, instant incident reporting for malicious attacks and Distributed Denial of Service (DDoS) attacks, and prevention of unauthorized takeover of user accounts. 
2. Initiate marketing campaigns – Unquestionably, aggressive promotion is necessary to stay ahead of other competitors in the market. For instance, you need to post content regularly on instant messaging apps and social media platforms. This will captivate the target audience. A variety of articles, blogs, press releases, newsletters, case studies, whitepapers, and snippets will keep crypto investors hooked. 
3. Provide extensive technical support – You can dominate the market, as well as capture the trust of crypto enthusiasts. Providing 24×7 technical assistance to investors is important. Thus, users can instantly sort out issues like enabling two-factor authentication (2FA), changing account credentials, depositing and withdrawing funds from hardware and software wallets, participating in airdrop programs, and completing identity verification.

Wrapping Up

The global market capitalization of digital currencies has surpassed $2.03 trillion. Moreover, the interest of institutional investors and big conglomerates in cryptocurrency is growing. The market conditions are highly bullish now. Connect with us and launch a white label crypto exchange.

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Marketing is my soul mate and writing is my side kick. Using my writing skills to share the knowledge of app development and upcoming technologies.