Cryptocurrency exchange development cost | In a nutshell
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A cryptocurrency exchange like binance could be a brilliant business idea for 2021. Many startups and entrepreneurs started developing their cryptocurrency exchange business. As the covid pandemic has shaken the finance and business sectors, every business enthusiasts are aware of starting any business. They go for a business that is not affected by any natural disasters or a viral spread.
Fortunately, the Bitcoin price hike increased the number of crypto users rapidly. So as the newbie business enthusiasts kickstarting crypto exchange business. If you are one of the entrepreneurs who want to develop a crypto exchange, then you should start working on the cost estimation. If you have a proper budget plan, it is more likely for your crypto exchange business to succeed.
When it comes to the cost to develop a crypto exchange, it has many factors. They are
i) Launching Methodology
- White label crypto exchange software (Low cost)
- Developing from scratch (Unique but a little expensive)
ii) Integrating High-Security Mechanisms
In addition to that, you would want to integrate many security features. A crypto exchange is more likely to be at the risk of hacking. Yes, many digital hackers would want to steal cryptos. To avoid that, you would want to secure your crypto exchange by integrating features like
- Registry lock
- Domain Name System Security Extensions (DNSSEC)
- Anti-DDoS modules
- Web Protocol Security
- Wallet protection
- 2-Factor authentication
iii) Outstanding Features that Shapes the Crypto Exchange Development Cost
- Margin Trading
- Atomic Swaps
- IEO Integrated Module
- Mobile Application for IOS and Android
- Liquidity API
- Crypto Payment Gateway Integration
- Order Book System
- Market Making
- crypto wallet integration
- AML / KYC integration
As explained earlier, The cost could vary on the above factors. Based on the requirements, the cost could vary from 7k-15k. Zab technologies, being a leading crypto exchange development company, offer all sorts of crypto exchange development services at affordable costs.
Get the top-notch Bitcoin exchange software from Zab technologies and launch your Crypto exchange platform in just 7 days.
Know more about the crypto exchange development and bitcoin exchange software by getting in touch with their Blockchain experts.
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