If you have opted for the crypto exchange business, you might be wondering about the exchange development cost. Estimating the development cost will help you manage the funds prehanded. So, you want to develop a crypto exchange platform like binance. The Binance-like crypto exchange development cost depends on only two factors.
- Crypto exchange development way.
- Advanced security and advanced features you wish to integrate.
- Return of investment modules you add.
Let us view each of the factors one by one:
- Crypto exchange development way
Crypto startups can start a crypto exchange in two ways.
i) Developing a crypto exchange platform from the scratch
Developing a crypto exchange platform from scratch requires more time and resources. You need at least 50 developers and about 6 months of development period. The cost will be more than 50k USD which is extremely high due to the significant developer count and the long time period. Also, you need to oversee every single element and function of the crypto exchange platform. If you ask me I would say, the risk of developing from scratch is high. Because, you cannot guarantee the security and other features of the crypto exchange in working condition. Your entire investment could be a failure, if you are not equipped with expertised Blockchain developers the complexity of your crypto exchange.
ii) Using Binance clone script
Meanwhile, modern development technology offers you the cost efficient and exclusive Binance Clone script to start a binance like crypto exchange. The entire cost of deploying a crypto exchange using a binance clone script starts at only 4k USD. In addition to that, It is a pre-developed binance clone script loaded with the major features in it. You’ll be customizing the Binance clone script based on your crypto business requirements. This type of development process is simple and feasible. You won’t require numerous developers and the development period is just a week or two.
- Advanced security and advanced features you wish to integrate
Starting a cryptocurrency exchange like Binance is fine when it comes to the similar features of the Binance exchange. But to cope up with the current market trends you need to work on integrating attractive features and advanced trading options to it. By integrating additional features to attract the market, your exchange can grow seamlessly. However, adding these features to your cryptocurrency exchange will influence the development cost. Yet, opting for a readymade Binance clone script will help you reduce the cost and adding a multitude of features will not affect the exchange’s performance. Because, clone scripts are designed in such a way!
- Return of investment modules you add
There are multiple revenue generating streams if you wish to add to generate more income. We can name it as the ROI modules. For instance, you can integrate an IEO module to generate more income. In addition to that, you can add a variety of ROI features. It if both beneficial for your exchange to invite more potential crypto tarders and it will also help you generate more revenue. Integrating ROI modules also contribute a major factor in influencing the cryptocurrency exchange development cost. I would say it is worth every single penny integrating ROI modules. Infact you can earn the money you have invested in the cryptocurrency exchange development much sooner by using a predeveloped Binance clone script.
So, these are the factors that influence the cryptocurrency exchange like Binance There is no doubt that using a Binance clone script is the most cost effective way to start a crypto exchange like Binance. You might be wondering, what would be the next step? Let’s get started!
Getting started with the Binance clone script:
You can get a Binance clone script from a clone script provider. Although, many binance clone script providers are revolving in the market. Each clone script provider has their own Binance clone scripts developed. But, the quality of the script differs based on their years of experience in the field. You need to consider some crucial factors before choosing your binance clone script provider.
Factors to consider while choosing your binance clone script provider:
- Before acquiring the Binance clone script, check out their demo.
- Ensure the binance clone script is developed with advanced features.
- Check the security options provided by them.
- Ensure they provide end to end customization support.
- Get a quote for your business requirement and evaluate it.
- Ensure they provide post deployment support.
Based on the above factors, I have found a reliable binance clone script provider, CoinsQueens. They are expertised in providing featured-filled Binance clone scripts at affordable costs. They start by acquiring your business requirements and provide a suitable crypto solution. Then the blockchain developers from CoinsQueen will ensure your crypto exchange a strong blockchain basics. It will enhance your security options and help you build credibility among your crypto traders. They have been helping crypto startups in deploying crypto platforms such as: Crypto exchange, Crypto payment gateway, crowdfunding platforms and NFT marketplaces, at the best market rates. If you are want to know more about their work process, you can have a brief business discussion with their blockchain experts via,
Whatsapp/Telegram : +91 87540 53377
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Get a free demo of their Binance clone script << here