How much does it cost to start a cryptocurrency exchange?

Crypto exchange development cost
know the exact cost to start a crypto exchange

“What does it cost to build a Crypto exchange?”, “How much does it cost to build a Crypto Exchange?”, “Crypto Exchange white label cost?”, “How do you develop cryptocurrency exchange?”, “ Will the cost be too high for the crypto exchange development?”

These are the few questions that reside in the mind of every startup who is aspiring to start a crypto exchange business in the Crypto market.

As we all know, the Crypto exchange business is one of the most lucrative businesses in the virtual space. Many emerging firms want to develop a secure crypto exchange with the ideal features and convenient trading options. But they are unaware of the aspects of Crypto exchange development costs. And also, the factors that exactly determine the cost of Crypto exchange development. 

Hence if you are a Cryptopreneur having doubts about building a Budget-friendly Crypto exchange, then this article will help in unveiling all your doubts. Let’s start right away with… 

Notable Key Factors that decide the Cryptocurrency Exchange Development Cost

The cost to start a Crypto exchange business is all about the cost spent on Crypto Exchange Development. Crypto Exchange development accounts for building the platform with updating trading features that satisfy the target audience to gain the top result. In this case, Businesses can go for the ideal option of hiring a trusted cryptocurrency exchange development company that is experienced in developing an affordable crypto exchange with extraordinary features. So, one such trusted development company is Zab technologies. Companies like us to determine the Crypto exchange development cost by considering a few factors. Let us see that in detail…

Type of Crypto Exchange you have chosen

First, it depends on the type of Crypto exchange that you have chosen to start a business with. The three common types of crypto exchanges that rule the crypto market are 

  • Centralized exchange
  • Decentralized exchange 
  • Hybrid exchange

Each type has a different type of development structure, working type, and targeted audience. Hence eventually the cost varies depending on the type. Therefore choose the best kind that you wanted and in most demand in the virtual space.

Figure Out the Time and Budget Constraints

It is essential to know the exact duration to develop a complete product. Because it plays a significant role in determining the Crypto exchange development cost. Urgent requests will cost a lot more than the ones demanded after the specific time.

After time, the Budget is a vital factor that has to be planned wisely. The Budget for developing a crypto exchange includes future plans as well that include any errors, bugs, issues, etc. You must also want to have a backup to manage things like providing wages to employees. Legal compliance, license, networking, etc.

Launching Methodology 

The Developing methodology plays an important role more than any other cost-influencing factor. Because it has the power to change other factors like time, budget, features, etc. There are two ways to launch a Crypto exchange.

They are

  • White label crypto exchange software
  • Cryptocurrency exchange development cost

Being a leading Cryptocurrency Exchange software development company, we provide both solutions. White label crypto exchange software is a ready-made product that can be customized according to your business plan. It costs very less and takes less time. 

On the flip side, Crypto exchange development from scratch is also possible. As a startup, you can lay out your desired trading and futuristic functionalities to build the product. But it takes at least 4 to 6 months to get developed based on your requirements and costs a lot. So depending on your situation, You can choose one that goes well with your Business essentials.

To get a free demo >>>> White label Crypto exchange software

Integrating High-Security Mechanisms 

Security features are a must in the platform that works with money all the time. So integrating a reliable security mechanism influences the crypto exchange development cost to a certain extreme. Also, a few of the high-level security modules you must implement in your crypto exchange development include

  • HTTPS authentication
  • Jail Login
  • Two-factor authentication
  • Data encryption
  • Anti-denial of service (DoS)
  • SQL injection prevention
  • Server-side request forgery (SSRF protection
  • Cross-site Request Forgery (CSRF) protection
  • Escrow services

This security feature protects the Bitcoin exchange platform from fraudulent activities. The factors seen thus, for now, are must to integrated with the Crypto exchange platform and strongly determines the crypto exchange development cost.

Besides these factors, there are other exemplary features that calculate the exact cost of creating the crypto exchange platform. Now, let us see that…

Outstanding Features that Shape the Crypto Exchange Development Cost

Features always play an important role while developing a Crypto trading platform. Also, it determines the accurate Cryptocurrency exchange development cost. That is why Here we have listed some essential trading features that frame the overall cost of developing a superfine crypto exchange platform.

Margin Trading

Margin trading will allow users to trade digital assets by borrowing from the exchange using leverages. It is a trending and engaging trading feature that attracts many investors.

IEO integrated Module

Initial Exchange offering is the latest crowdfunding model in the blockchain platform. This feature will allow users to list their project tokens in the exchange. By integrating these features, Your exchange will be able to attract both investors and startups or experienced companies. Also, you can charge a certain amount of fees from them.

Mobile Application for IOS and Android

A stunning and User-friendly crypto exchange supporting Android and IOS mobile applications is essential for the business. Because of that, global crypto users can trade a wide range of cryptos with the convenience of using the platform on android and IOS devices.

Order book system

It is the most essential feature of traditional crypto exchanges. It helps users to track, and check all open orders, transactions, and history in a hassle-free way. All the buy/sell orders will be completely recorded on the crypto trading platform.

Crypto Payment Gateway Integration

A crypto payment gateway is a payment network where merchants can accept crypto payments securely. Like the traditional payment processor, It comforts the users to pay in distinct cryptocurrencies in a hassle-free way.

Cryptocurrency Wallet integration

A crypto wallet is a must-have feature for any type of crypto exchange. Because it helps your users to store, receive and transfer cryptocurrencies securely. The wallet developed with best-in-class security practices gives an additional advantage to your crypto exchange platform.

AML/KYC integration

AML(Anti Money Laundering) features will assist you to validate the originality of the user to stay away from money laundering and neglecting the flow of illegal money into your crypto exchange. Also, It is a hassle-free way to refrain from illegal actions on your bitcoin exchange platform.

Third-Party API integration

API allows you to perform the following actions handling multi-sig wallet, facilitating Cryptocurrency transactions, market restoration, data escrow applications, etc.  So, this feature allows you to add required options at any time after the deployment thus helping in updating features according to the time.

These are the features that frame the exact crypto exchange development cost. Out of all factors discussed, features account for the major fraction of the Cost. But why ?. What makes the features important in crypto exchange development? Let us see the…

Importance of these Features in a Crypto Exchange Development 

Features make the platform from the front-end user interface to the back-end admin panel. That is why features are important in Crypto exchange development.

  1. First is the user interface, having an intuitive interface is very important for the Users to navigate the platform and perform trading.
  2. Next, The user accounts and trading kernel must be designed effectively to manage the users and enable them to deposit/withdraw and trade virtual currencies on the platform.
  3. As an exchange owner, you must be able to manage your dashboard effectively. Hence, it is important to integrate features such as pending transactions management, 0user management, and investor management.
  4. you can integrate other features like live statistics, history of transactions, buy and receive cryptocurrencies instantly, view balance, etc. to add some engagement among the users
  5. Finally, you should enable powerful security protocols. such as DDoS, HTTP Authentication, Data Encryption, 2-factor authentication, Jail Login, and CSRF Protection to get rid of being hacked.

Ok, now let us see…

How much does it cost to start a Crypto Exchange?

Being an award-winning cryptocurrency exchange development company, we cater to our clients with the best-in-class crypto trading platforms at an affordable price. As discussed early, the cost of development will vary depending on your customized business requirements. But the cost to start a crypto exchange ranges from $50,000 – $70,000. With the project’s complexity and based on your business needs, the price might vary. 

In case, if you want to launch a crypto exchange using white label crypto exchange software. Then the cost could range from $7,000 – $12,000. But based on your customizations and the features you add, the development cost will differ. 

Closing Words

We hope that now you are aware of the crypto exchange development costs for both scratch and white labels. So the choice is yours, you can either develop a crypto exchange from scratch, or else you can go with our ultra-modern white label crypto exchange software. Thus, choose the right path to develop your exchange and earn ample amounts of profits within a short period.

If you require a white label crypto exchange software or a crypto exchange platform from scratch, you can get in touch with Zab Technologies right now. We excel in developing stunning crypto exchanges with desirable features at the best price in the market.

Feel free to contact us, We would love to answer all your queries!!!

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By Steve