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Every bitcoin exchange platform focuses on welcoming their newbies to trade on their place by doing different innovative ideas.If you are planning to build an exchange platform using the best bitcoin exchange software, there is essentially 3 abstract ways that you can approach.
1. DIY bitcoin exchange template solution:
Here the way is smart, you can build your own bitcoin exchange platform using a bitcoin exchange software(Saas) based on your business ideas and on your own design skills.
2. Customizable white label Solution:
You will hire a company to design, plan and to develop your white label bitcoin exchange platform to meet your requirements. It results in high quality developed platform & tighten up with security. Here, the output will be much greater than other two. It reveals your branding automatically.
3. Hiring freelancers:
The poor approach among the three, And risky too. Because the work is not enough transparent. They have to catch your business idea and have to execute it properly. Ended up with poor quality with high cost.
But as a bitcoin entrepreneur, your instinct may induct you to do everything on yourself from scratch. It does not happen only for you, but for everyone. The biggest problem of entrepreneurship is "Do It Yourself".
Building a customized bitcoin exchange platform from scratch is just an attempt to set up a business to meet failure. Because your own solution to build a bitcoin exchange may lead you to do the following.
I). You will reinvent the wheel- (i.e) you will do the same mistakes again which your masters have done.
II). You can't market it on time - When you develop a bitcoin exchange platform on your own, you must travel through a lot of learning skills, which will make a delay in launching your Exchange platform.
III) You're gonna spend money a lot, for developing the templates which already exist in cheap cost
IV). You will miss out the expertise and development resources to meet your focused solution.
You can avoid the above pitfalls just by choosing a white label bitcoin exchange software solution. The term white-label refers to " A product is developed by one company and it will be sold to others for their business development". Here the buyer can rebrand the product with their own logo, and brand identity.
Still, if you are not sure about what a white label software can do for you, Then consider the following points:
1. Easy to Market and brand. How ?
In general white label solutions are integrated with special bitcoin exchange futures and are ready-made. Which makes the platform to market easily. White label solutions credit you the advantages to adding new exchange features with your business also you can add your own logo and business identity. Sure you will be from spending the money for research and development.
2. Catch your customer on time. How ?
When you spend too much time for developing, sure you will end up with missing out your valuable traders or customers. If you spend extra months or years to develop your exchange platform you are just indirectly forcing your customer to fall in other bitcoin exchanges. You can avoid these business inconveniences by choosing a prepacked solution.
3. Save your time and money. How ?
Developing a bitcoin exchange from scratch takes a large amount of financial pack up and capital resources of humans. While the ready-made solution keeps you away from spending money for internal business development processes. If you look for a fast deployment of your business then white label bitcoin exchange software suited for you.
4. Reach your goals efficiently. How ?
Whitelabel solution focus on what your bitcoin exchange business have to do and prevent you from stretching your skills to fall outside of your areas of expertise.
A video which describes the technical support which you can get from bitdeal
As discussed in the beginning of the information, the point 2 dictates that the customizable solution from a company delivers a good product with high quality and security. Bitdeal serves in the way to prove the term too.
Without having the proper skills and support from expertise sure it is hard to build your bitcoin exchange platform scratch. Bitdeal focuses to enhance your bitcoin exchange business from the initial stage. The pre-packaged ready made white-label exchange solution enhance your exchange business more efficient to brand and market on time.
A free quote ready for you exclusively get it on time.
Hi this is Sam, Working as Technology advisor and blogger at bitdeal. Having 4+ years of deep understanding and experience in cryptocurrency trading industry. I keep on hunting the new trends and technologies that are related to crypto's as well as blockchain Industry. Stay tuned with me at bitdeal, to get interesting updates regarding bitcoin, cryptocurrencies and other emerging blockchain technologies
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