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What Users Search For In A Whitelabel Cryptocurrency Exchange?

A cryptocurrency exchange enables users to trade digital currencies for other crypto or fiat currencies. Established on the lines of a traditional forex platform cryptocurrency trading is a multi-billion dollar industry today. Many traders profit from the ever-volatile prices of these digital tokens to earn profits.

The number of cryptocurrency exchanges is steadily rising given the growing popularity of this digitized money. With the presence of several blockchain and cryptocurrency development firms, it has become very easy to kick-start a Whitelabel Cryptocurrency Exchange without much effort and enter this business. However, that is easier said than done, customers are very selective when it comes to picking a good trading platform and are always on the lookout for newer options. We have listed five key features that are guaranteed to attract customers to your platform.
  • Transaction Fees: Most exchanges charge a nominal fee for processing orders, but you can beat the game by focusing on eliminating unnecessary charges and offering competitive fees on your platform.

  • Supported Currencies: Ensure that your platform supports all the popular cryptocurrencies such as Bitcoin, Ethereum, DogeCoin and more. Featuring other niche cryptocurrencies can also be advantageous.

  • Payment Methods: Allowing customers to easily deposit and withdraw funds can be a gamechanger. Hence it is advised to feature multiple payment outlets such as card, net banking, cryptocurrency and more.

  • KYC and Other Documentations: While customers usually avoid KYC and other regulations citing its tedious nature, they will appreciate your efforts because it helps build credibility towards your platform.

  • Regional Restrictions: Ensure you register your services in a cryptocurrency-friendly country as customers look for a platform that does not enforce any geographical restrictions and cater to a global audience.
Blockchain App Factory is a leading cryptocurrency exchange development firm. They house a large team of experts who can build a feature-rich platform for your business. Their Whitelabel Cryptocurrency Exchange are highly customizable and scalable that enable you to take new challenges head-on.