If you are someone who has got a passion for cryptocurrency and wants to try your luck in the profession or if you are an emerging start-up that’s already working with Blockchain and Cryptocurrencies, then you surely must be aware of what White Label cryptocurrency exchange system is.
When a product or service is white labelled, the manufacturer removes their brand and logo from the final product and replaces it with the branding required by the customer. In a nutshell, white labelling permits a product or service to be sold and rebranded under the brand of another company.
White-label Gateway has revolutionized financial operations by acting as a cost-effective money gateway for enterprises. Cryptocurrency brokers and exchanges have finally realized that payment gateways are not limited to fiat payments. This is the time for change, and with a massive financial system in place, we’re on our way to financial efficiency so not only fiat currency but cryptocurrency can be exchange too through payment gateway. If you are finding a white label cryptocurrency gateway development, Contact Us!
White Label cryptocurrency exchange has gotten quite popular in recent times but what is it exactly because even people who have been dealing in cryptocurrencies for the longest time are not quite sure what it is. People do not really know how it works, why it is preferred by businesses, and whether they should choose it or not.
So, let us explain that to you because we have got the complete breakdown of what White Label gateway development is and whether you need it or it’s something that you shouldn’t be worrying about:
What is White Label Cryptocurrency?
White Label cryptocurrency can be defined as ready to be used software that is designed, tested, developed, and used multiple times and is available to be deployed again. You can use it to customize and develop crypto exchanges according to your personal preferences. And it’s cost-effective and secure.
What Should be the Desirable Features in a White Label Cryptocurrency Payment Gateway?
- There should be absolute anonymity
- Secure Payments
- Different sale points
- Two-factor authentication
- Transaction history
- Quick and safe transactions
- Easy conversions
- Support for multiple wallets
When Should One Not Use a White Label Payment Gateway Solution?
If your product doesn’t overlap with other exchange-centered functionalities, then you should build from scratch. White Label systems are not compatible with complex and high-customization use-cases, including derivatives, borrowing, and lending. So, if there’s any such case, stay away from it.
What Kind Of Business Ventures Definitely Need To Get Themselves A White Label Payment Gateway?
This is simple. Any financial business, start-up, or enterprise that wants to get famous and increase its customer and retention rate needs to develop a White Label gateway system. For instance, gaming platforms, online shops, e-commerce software, etc.
Benefits of a White Label Cryptocurrency Payment Gateway Solution
The biggest benefit of getting a White Label payment gateway is getting gateway for fiat and cryptocurrency for website or online stores. If your customers are satisfied with your service, your business will bloom. The biggest perk is that your clients won’t have to go through several steps to buy what they want while you can effortlessly introduce new features to accommodate them according to your business’s specific needs.
Another amazing perk of a White Label payment gateway is that it allows people to make cryptocurrency payment processing without spending a lot because its cost is lower than other payment gateways.
White Label Cryptocurrency Payment Gateway Development Company
It isn’t easy to develop a cryptocurrency payment gateway by yourself. But you don’t need to fret about it. You can contact the best-in-business cryptocurrency payment gateway development companies (like Blockchain Coders) to develop effective cryptocurrency payment gateway platform for you. Plus, it’s less investment.
Why Is It The Best Choice For You?
With cryptocurrency payment systems, you can assure your audience that they are paying their money to you instead of an unreliable third party. You can brand and market the gateway as your own, so you can have more autonomy over how your customers pay for stuff. Moreover, there’s high level of customization involved.
So, if you can tailor your payment gateway’s features to better meet the needs of your clients, you will be able to deliver a cohesive experience. Nowadays, it’s difficult to stand out, and these features will help you shine bright like a diamond!
How Much Will It Cost?
Well, the cost to develop a White Label cryptocurrency payment gateway relies on the features you want to have in it.
At Blockchain Coders, we can help you develop a mission-driven payment gateway as per your customers’ needs.
The Final Words
From cryptocurrency exchanges, merchants, and businesses to digital wallets, card associations, and banks, you can use the White Label cryptocurrency exchange system however you want. They are efficient for platforms like Android and iOS, so they won’t disrupt your phone’s functionality.
The choice is yours here!
We have written about the role of bots in cryptocurrency exchanges and you can read about it here (interlink that here).
Get in touch with Blockchain Coders if you want us to help you build a reliable White Label cryptocurrency payment gateway for your business, startup, or enterprise.