White Label Cryptocurrency Solutions – How Does It Work?
White-label blockchain solutions are the way for businesses looking for a near-instant blockchain application. After selecting a blockchain application and a white-label provider, all that remains is to customize the software to meet your company’s needs.
Blockchain White Label Solution
The term “white label” refers to customizable products and services developed by one company and sold to another, rebranding the product or service to appear to be its own.
Thus, white-label blockchain solutions are blockchain-based applications that businesses can customize to meet their specific requirements. Furthermore, these solutions are typically thoroughly tested before being available for immediate deployment.
Why do business owners prefer the White Label solution?
1.) The quickest way to enter the cryptocurrency market
You can easily gain access to a high-quality White Label crypto exchange solution. A reliable provider implements the software, and the entire operation can begin immediately. It is far more appropriate and faster than creating a cryptocurrency platform from scratch.
2.) No Technical Knowledge Is Necessary
Building a blockchain application is frequently left to tech experts with extensive programming knowledge, limiting the number of people willing to take the risk. This, however, can be different with white-label blockchain solutions. These software solutions have completed all of the technical aspects of their development, making them easy to deploy.
3.) Excellent customer service
Businesses can concentrate on providing excellent service because they do not have to worry about the back-end operations of the digital currency exchange. It assists business owners in providing the best exchange experience for their customers.
4.) Allows for customization
A general rule in business is that no two companies are exactly alike; as a result, they require tools that are explicitly tailored to their needs to gain a competitive advantage. Although white-label blockchain solutions are pre-built, they allow businesses to customize the software to meet their specific needs and reflect their brand.
5.) Cost-cutting measures
A White Label option may be less expensive to launch than building a cryptocurrency exchange from the ground up. There is no need to purchase costly infrastructure or conduct marketing campaigns, which can save businesses money and provide consumers with more affordable products and services.
White-label blockchain solutions build with advanced components that provide superior security to prevent hacking. Furthermore, they frequently have built-in repair capabilities and patch updates that aid in the resolution of bugs.
7.) Increased Security
WL cryptocurrency exchanges provide enhanced security measures to keep data safe and secure. To begin with, the blockchain’s design prevents transactions from being deleted or edited. There are additional safeguards, such as 2FA and fraud monitoring. Furthermore, the website employs SSL encryption to protect data during the transaction, which aids in ensuring that information is not compromised or stolen.
How to Create the Most Effective White Label Digital Currency Exchange
Every year, thousands of people enter the cryptocurrency market. As more newcomers invest in digital coins, business owners must provide a first-rate digital platform. This is where WL options with great flexibility and reasonable pricing come into play.
B2Broker is a leading provider of White Label cryptocurrency exchange options for businesses. Our experts will assist you in selecting the most cost-effective options based on your needs. Contact us today to gain access to a world-class cryptocurrency platform!
How Can a White-label Exchange Solution Help a Token or Coin Issuer?
Can you believe more than 13,000 cryptocurrencies are on the market, with 1,000 new ones appearing monthly? It’s no surprise that most of them don’t live long, given how much effort it takes to complete a project successfully. This journey consists of several steps, including developing token/coin architecture and utility, creating nodes and consensus mechanisms, branding the project, and expanding its community (among other equally important activities).
Can a white-label software provider assist a coin issuer in making this process simpler and more cost-effective? Scalable Solutions are capable.
Create Your Exchange
Yes, you read that correctly. We know how expensive and difficult it is to list your coin or token on third-party exchanges based on our experience. Small businesses may charge between $6,000 and $30,000 in listing fees, second-tier exchanges may charge between $60,000 and $300,000, and top-tier companies may charge between $1 and $2,5 million. As a result, in some cases, establishing a trading ecosystem with the assistance of a white-label software provider is significantly less expensive. Let’s go over the advantages of having your exchange.
The Advantages of Having an Exchange for Coin/Token Holders
Set up a way for people to get tokens so the community can grow around it.
If you already have a community, it’s much easier to grow and strengthen it around your exchange than through separate channels.
Get an extra way to make money.
Crypto exchanges usually make money by charging fees for withdrawals, deposits, transactions, and trading. You choose the size and structure of the prices of your business. So, these fees can give coin or token owners a big way to make money.
Add more tokens or coins to your exchange to bring in more money.
As the exchange’s owner, it’s up to you to charge fees for adding new tokens and coins. Use this money to invest in your projects and help them grow.
Encourage people to trade by Buying and Selling.
A Trading Contests feature one way that the Scalable platform can help coin or token issuers market their products. This is how it works: an exchange will announce a trading contest for a certain coin or token, and the user who trades the most will win. Trading competitions bring attention to the coin or token, help it become more liquid, and encourage people to buy it.
As more businesses learn about blockchain’s benefits, they realize they need to start using it. White-label blockchain solutions ensure that strong companies with the resources don’t just enjoy the huge benefits of owning blockchain applications to build them from scratch. No matter what business you run, you can take advantage of the growth opportunities in crypto and blockchain by using applications with a “white label” blockchain solution.