Top Automated Trading Software 2022

Introduction

The crypto industry has been undergoing a lot of changes in recent times. From the global emphasis on market regulation to several prominent crypto exchanges packing up as a result of perceived fraud, botched crypto projects, and many others, the industry has had to do a lot of adjusting to present-day realities. However, with these adjustments are prospects for users on their toes for a bite of the crypto cherry.

In this article, we will explore some of the information that would help you increase your chances of establishing yourself in the crypto industry. Specifically, we will introduce you to the idea of white label crypto exchanges, highlight some of their benefits, show you how to create them, and also point out 3 crypto fintech companies you can reach out to for help.

What is the Difference Between a White Label Crypto Exchange Platform and a Normal Crypto Exchange Platform?

If you don’t already know, a white label crypto exchange (also known as a ready-made, ready-to-be-deployed, or template exchange) is not the same as the crypto exchange platforms that emerged with the popularization of blockchains. Instead, these exchanges are yet-to-be-deployed platforms that you can purchase and modify to your liking. Essentially, they allow you to become the owner or manager of a crypto exchange platform.

To further help you differentiate between regular crypto exchange platforms and the white label variant, here are 3 areas in which each type is unique.

1. Features

The features on the regular crypto exchange platform are widely different from those on a white label crypto solution in two ways. The first way is in the area of diversity and the second is in the area of functionality. Concerning diversity, regular crypto platforms are fitted with many features for crypto users, from intuitive interface options (web, desktop, and mobile, for example) to liquidity hubs and dynamic wallets. Few of these features can be found on template exchanges unless you have access to options from companies like FintechService. Also, on these ready-to-be-deployed options, these features are almost always in a dormant state until the time of deployment.

2. Readiness to Deploy

Regular crypto exchange platforms are ‘online’ in the sense that users can access them and utilize them for trading activities and other crypto-related purposes. This means that a user can register for a regular crypto exchange and employ it immediately to trade, learn about trading, or anything else. On the other hand, users cannot immediately trade on white label crypto exchanges or utilize them for anything. This is because they have not been deployed. Therefore, until template crypto solutions have been purchased by users like you, tested, and deployed, they will remain ‘blank’ and unusable.

3. Options for Branding

As we have shown already, a regular crypto exchange is active. One of the implications of this is that it takes a lot of time and technical prowess to change something on the exchange. Of course, a user registered to an operational crypto exchange platform cannot command or implement changes—they are called ‘users’ for a reason. On the other hand, template crypto platforms are modifiable. Even though they are referred to as ready-made, the fact that they are not online means you can still change a lot of things about them. This possibility of personalized branding is why many users like you have decided to rely on crypto fintech companies to own and manage crypto exchanges.

Benefits of a White Label Cryptocurrency Exchange Platform

1. High Technical Support

For an average crypto user, the biggest benefit of a white label cryptocurrency exchange platform is the possibility of branding. You should always choose to own a template crypto platform over existing regular platforms because of the high technical support you will get throughout the operation of the exchange. Furthermore, joining the march to own and deploy a white label crypto solution offers you the opportunity to learn a few things about how crypto exchanges are made. This will help you in the long run as it would distinguish you from other users.

2. Industry-Standard Security Measures

As template crypto solutions are perpetually in a ready-to-be-deployed state, smart web/software developers make sure to update them with industry-standard security measures. Say that there is a type of malware released by cybercriminals to steal funds from existing crypto exchanges, exceptional developers would build protection against such malware into their ready-to-be-deployed crypto platforms. Thus, once you acquire these platforms, you would not have to worry about paying excessive white label crypto exchange prices due to the need to upgrade the platform to provide up-to-date security for user data.

3. Continued Support After Deployment

Template crypto exchanges offer the advantage of continued support after deployment. If you were to purchase an existing and already running crypto exchange platform, you will likely lose the support of the original developers. You may not even want them to stay too long onboard as a way of protecting your exchange. You don’t have to worry about this with ready-to-be-deployed crypto exchanges. If you want, the developers can continue to assist you in supervising the platform while it is running. However, this usually depends on your agreement with the crypto exchange builders.

4. Scalability

A white label crypto exchange platform offers endless possibilities. If you are an established programmer yourself, you can simply purchase this platform and then proceed to modify it with the most advanced features you can think of. And if you know nothing about coding and the ABCs of crypto exchanges, you can also engage the services of accomplished developers and scale your crypto platform. Just like how novel AI solutions like ChatGPT are proving that scalability is doable across different areas of computing, ready-made crypto platforms offer options for innovation.

How to Create Your Own Crypto Exchange

Choose a Crypto Exchange Builder: Different crypto exchange developers focus on different things. Some are proficient with blockchain solutions that have little to do with crypto trading, while others are great at designing NFT marketplaces. It is your responsibility to know which is which and reach out to them.

Outline Preferred Features: Once you have started to engage your preferred crypto exchange developer, you will most likely be given a script that contains the features of the available ready-made crypto exchanges. If these are not to your liking, it is at this stage that you inform the developers and see if they can implement these changes.

Negotiate the Particulars of the White Label Crypto Exchange Price: An important consideration for getting your template crypto solution is the price. To be fair, crypto exchanges are generally expensive, and asking a crypto fintech company to develop one for you may cost upward of $100,000. However, ready-made crypto exchanges are usually cheaper. So, if you are clear about what you want, you can get a reasonable white label crypto exchange fee.

Inspect the White Label Cryptocurrency Exchange Solution: The next thing to do is inspect the available template crypto exchange solution that meets all your preferences. Look out for bugs and other coding issues.

Supervise, Adapt to Market Demands, and Improve: Once you find that the white label crypto exchange is good enough, you can go ahead and deploy it. The responsibility to supervise it also falls to it, unless you want to outsource it. Whichever you choose, make sure to adapt to market demands and improve the features so that your users have nothing to complain about.

Top 3 White Label Cryptocurrency Exchange Platforms of 2023

There are many, many crypto exchange builders around. The top white label crypto exchanges of 2023 are naturally from these developers.

1. FintechService

FintechService.one is great at developing everything crypto. The company has been operational for more than 3 years and completed over 16 crypto-related solutions for pressing issues. The ready-made crypto exchange platforms from FintechService are some of the best around because they are fitted with virtually every important feature. Also, the company is efficient and will require no longer than 3 weeks to complete your project. Its fees are also reasonable, so you can create a dynamic and personalized crypto exchange platform from its white label options.

2. Crypto Next

Crypto Next is another good crypto fintech company. It is particularly compatible with small businesses with a focus on simplicity. Therefore, Crypto Next is your best bet if your market segment covers SMEs (small and medium enterprises).

3. Xooa

Xooa is special because it is known for its focus on NFTs (non-fungible tokens), gamification, and other emerging areas in the metaverse. Like FintechService, Xooa has also been around for a while, so you can benefit from its experience. Also, it serves small businesses as well as individuals.

Conclusion

Taking the time to look for a good crypto fintech company to purchase a white label cryptocurrency exchange solution from is a smarter choice than joining an auction for existing and established exchange platforms. The benefits of the former choice have been listed in this article, as well as how you can start serving other crypto users by relying on the ready-to-be-deployed variants of these crypto exchange platforms.

You have probably heard the news by now. The FTX exchange, once the darling of professional crypto traders, has fallen.

It's what everyone talks about these days—on crypto twitter, blockchain blogs, in the New York Times, and even on Capitol Hill in the United States.

And while the community digests the sober reality and what it means for the industry at large, a lot of individuals who saved their money on the platform are left licking their wounds.

How can the industry prevent a situation like FTX's crash from happening again? That's the 8 billion-dollar question. While regulators and industry players figure this out, mere investors are wondering how to protect themselves against possible platform failure.

If FTX's fall from grace has made one thing clear, it is that no platform is too big to fail. Things happen fast in the world of crypto and investors who haven't taken protective measures can lose all their money.

But how can investors protect themselves in this volatile and largely unregulated market? Here are three avenues to consider.

1- Consider storing crypto off exchanges

An exchange feels like a natural place to leave the crypto you buy. You can easily access, transfer, sell or use it for a variety of ways depending on the platform. For active traders especially, storing crypto on an exchange often feels like a no-brainer.

The problem with this is that the keys to exchange-stored crypto are kept by the exchange rather than the individual investors. You are using a wallet provided by the exchange and don't have access to the private keys. You are trusting the platform to keep your funds safe and secure just like you would a traditional bank to safeguard your deposit.

This type of wallet is a custodial wallet. The platform is the custodian who controls wallet access and they can withdraw that service at any time. You're just trusting that they won't. As the example of FTX has shown, this isn't always a wise choice. If a platform runs into liquidity issues, gets hacked or becomes suspicious about your activity, it can freeze your account.

The obvious counter to this is to store your funds in a wallet you control. You can move your crypto to an exchange for trading purposes and transfer it out to a non custodial wallet when you're done. You control the private keys to this type of wallet. Only you have access to the crypto in it and your funds cannot be seized by regulators or frozen by an exchange.

Using a non custodial wallet is the best protection you can have against platform failure. You can use either a cold wallet, which stores your crypto offline, or a hot wallet, which requires Internet access. The cold wallet is more secure but the hot wallet is easier and faster to operate.

That said, exchange wallets have some operational advantages over non custodial wallets. Here are some drawbacks of self-controlled wallets:

Exchange wallets are mostly plug-and-play while non custodial wallets require a setup process.

Non custodial wallets are harder to operate and require some technical knowledge.

The private keys to a crypto wallet can't be recovered once lost. But for an exchange wallet, you can simply contact customer support if you lose your account password.

Self-Custodial wallets are less suitable for active trading.

Old and new investors must consider whether the advantages of exchange wallets are bigger than the potential risks. Following the recent spate of crashes and collapses, trust in crypto custodians is at an all-time low. Not every crypto exchange will be truthful about what they're doing with customer funds. Fortunately, investors have the option to embrace decentralized wallets and skip exchanges altogether.

2- Keep a record of your exchange activity

Most investors that lost money to the FTX collapse cannot substantiate their claims in court. So if the company decides not to compensate them, there's little they can do. This is because they kept no records of their activity on the platform.

A crypto platform that files for bankruptcy is unlikely to share your records with you just because you asked politely. Take matters in your own hand and keep a detailed, regularly-updated record of every substantial transaction you do on an exchange. Most platforms let you download a yearly, monthly, weekly or daily activity report.

Doing this has two benefits for the investor. If you live in a jurisdiction that taxes crypto transactions, you'll be able to make an accurate tax filing, if your crypto platform doesn't handle it. Secondly, should the platform go under, the records will serve as evidence of your holdings if there's a chance of getting some of your money back.

3- Do your due diligence

Weeks after the FTX scandal, a picture of mismanagement, recklessness and internal system failure is beginning to emerge. By all accounts, FTX founder, Sam Bankman-Fried, is a very charismatic fellow. But leadership nous, not charisma, was what FTX needed, and it had none of it.

Most major crypto platforms are helmed by people like Bankman-Fried with lots of charisma. As a result, investors tend to trust them and their platforms with their money. Also, because of the opaque ways most crypto exchanges operate, internal dodgy dealings usually go unreported to the public.

This does not mean all crypto exchanges cannot be trusted. It does mean that investors should carry out serious due diligence when deciding which platform to trade or save on. Here are some tips to help with making a balanced decision:

• Has the platform been audited by a reputable third-party? How long ago was this?
• Does the platform have either external insurance on depositors' money or a self-maintained emergency fund?
• What kinds of asset trading take place on the platform? You should be wary of an exchange that mainly deals in riskier types of trading.
• Does the platform have FDIC insurance?

Some platforms save the dollar value of customer deposits in FDIC-insured bank accounts, thus protecting the insured funds against unforeseen losses.

The fallout from FTX's demise has led some cryptocurrency exchanges to release audited proofs of reserves. Others who haven't done so yet have promised to publicly release theirs in the near future. These documents help to assure investors of the platform's solvency and compliance with good business practices. Investors can also use the new reserve tracker tool from CoinMarketCap to get useful insights on platform reserves.

Some cryptocurrency platforms have also taken the initiative to secure licenses from the official financial regulators in their jurisdictions. This brings them in line with standard financial services companies in terms of operational and security compliance.

Summing up

Until the regulators rein in the crypto industry, the task of protecting your crypto asset squarely lies with you. Make sure to diligently follow the tips in this article so as not to be caught unprepared.

In recent times, the crypto market has tumbled faster than a crashing rocket. Industry darling bitcoin has shelved two-thirds of its value this year and every other major cryptocurrency has followed suit. Grand predictions that digital currencies would take over the world are looking more like a distant dream. Amid soaring global inflation and worldwide supply disruptions, a general sense of pessimism pervades the climate.

The global cryptocurrency market is now worth around $1.1 trillion, according to CoinMarketCap. Compared to the all-time high of $3 trillion, it's clear there's been a massive sell-off. Triggered by the collapse of Luna, which wiped off $20 billion in an instant, and troubles with platforms like Celsius, many investors have walked away with their money.

And yet a core group of crypto diehards remain—the HODLers. They are motivated by different purposes but united by a common belief in the staying power and long-term profitability of cryptocurrencies.

What is Hodl?

"HODL" is the popular term in cryptocurrency investment circles for the buy-and-hold trading strategy. The strategy encourages investors to ignore volatility in the near term with a belief that a token will appreciate in value over a longer time frame.

Many crypto HODLers have witnessed past bear markets that lasted months and years. Confidence similarly tanked like now and many skeptics sang requiems for crypto. But they stayed calm, kept believing and managed to multiply the value of their holdings when fresh investments poured into the market.

They see similar opportunities in the current financial crisis, the worst in more than a decade, and have been advocating patience in anticipation of a long-term bullish future.

Crypto evangelists like Michael Saylor have kept playing drums of optimism despite the general doom and gloom. The MicroStrategy CEO remains a firm believer in bitcoin's current viability and future potential despite losing almost $5bn in notional value due to the market downturn.

source: https://twitter.com/saylor/status/1540307435231092736?t=1aPvcA2M0gZ5ZcyTduOPnA&s=19

While many people keep looking at the daily and weekly red graphs and start panicking, Saylor and others like him take a longterm view. "Any time horizon shorter than four years is likely to result in a great deal of frustration & uncertainty," he said.

Another big whale expressing optimism is Nayib Bukele, the president of El Salvador. The man who led his country to adopt bitcoin as a legal tender last year told his followers to stop fretting about the price of bitcoin and enjoy life.

source: https://twitter.com/nayibbukele/status/1538356901297143809?t=q1ve1Y7N4rKbgGbNZvdWVQ&s=19

People who choose to keep holding bitcoin in the current bust cycle can take encouragement from what happened in the past. The price of bitcoin has crashed several times only to recover completely and make new all-time highs. In November 2018 BTC fell to $5.5k, an 80% drop a year earlier. Fears it would go all the way to zero proved misplaced; BTC slowly rebounded all the way to a new ATH of $40k in early 2021.

It must be said that bitcoin isn't the only digital token with diehard fans who have vowed to stay for the long haul. Blockchain mainstays like Ethereum, Cardano, PolkaDot, and fresher entrants like Solana, Radix enjoy their own share of loyal supporters. Even meme coins like Dogecoin and Shiba Inu have dedicated user bases who will keep hold of these tokens to the bitter end.

This might prove to be a good or bad decision in the long run—nobody knows. Past performance isn't always a guarantee of future outcome. Many crypto believers hedge their bets by diversifying their investment among bitcoin, some major alts, and exciting new projects. Indeed, many analysts see the current market condition as a big opportunity to snap up tokens related to promising projects at bargain prices.

If you've decided crypto is right for you, have a big risk appetite, and a large enough time horizon, now is your time to "buy and HODL". According to Tyrone Ross, CEO of Onramp Invest, “When something goes on sale and you like it, you should buy it".

This of course brings its own question: Which cryptocurrencies should you buy and HODL? The answer depends on things including portfolio size, risk appetite, nature of the token, legal jurisdiction and other factors.

For those with deep pockets, bitcoin and Ethereum look like bargain buys right now. Retail investors may want to look at undervalued blockchain and exchange projects, especially those still at an early stage. A blockchain token like Radix or exchange token like KRRX can offer long-term value many times their current market prices once they break into the mainstream.

For those who already have plenty of crypto investments and no great need for money, HODLing seems like a decent strategy at the moment. At least there's hope of a recovery once the global economy starts Trending upward again.

Also, Western governments are set to regulate the space, meaning crypto can become somewhat sanitized of its bad reputation. This will make the sector feel safer for many people and drive up adoption. More people will flock into the space with their money, and drive up the value of the major cryptocurrencies.