Cost to create a Cryptocurrency Exchange like Binance, Coinbase, & Localbitcoins
The cryptocurrency exchange business solution is a trendy online business now
The cryptocurrency exchange business solution is a trendy online business now. Also, they are one of the booming crypto online businesses in this digital world. Currently, many startups and entrepreneurs are interested to start a cryptocurrency exchange business. If you are new to this, then you will have a question: what is the crypto exchange business?
The cryptocurrency exchange is the website or platform where many crypto users will buy, sell, and trade a wide range of cryptocurrencies. As for now, there are some popular exchanges across the world. Such as Binance. Coinbase, and LocalBitcoins. These exchanges have their own unique features to attract people and increase their user base.
In this blog, let us see what is Binance, coin base, and Localbitcoins exchange?. Also, the cost to launch an exchange like Binance, coinbase, and LocalBitcoins.
How Much Does it Cost to create a Cryptocurrency Exchange like Binance, Coinbase, & Localbitcoins?
Before knowing the cost to launch the exchange platform. First, you should know about these exchanges.
What is Binance?
The cryptocurrency market had a vast increment after the immense growth of binance. It is the world’s largest cryptocurrency trading platform with advanced trading modules for users. This exchange was more popular for crypto-to-crypto trading and this exchange was first launched in 2017. Within a few months, it became the largest crypto exchange platform according to trading volume. This exchange is working for about more than 3 years in the crypto industry.
Binance has more than 4 million active crypto traders on its exchange platform. Also, user traffic is high compared to other exchange platforms. It is due to the low transaction fees and trading fees for cryptocurrencies. This exchange has a live order book system for trading various cryptos. So many users created an account on this exchange for secure trading. It supports a wide range of cryptos such as bitcoin, Ethereum, ripple, Litecoins, and other cryptocurrencies. They have an IEO module and that is named binance launchpad. They also have their own crypto coin in the market(Binance coin)
If you want to launch an exchange like binance, then you can use the premium Binance clone software. It helps you to launch a secured trading platform instantly similar to binance. Cost is so important, it may cost up to $8000 to $14000 to buy this software from a professional crypto exchange script provider. Also, the cost varies according to your business requirements.
What is a Coinbase?
Coinbase is one of the leading cryptocurrency exchange platforms across the globe. It is a user-to-admin trading platform. This exchange was first found in 2012. Here you can buy and sell popular cryptocurrencies such as bitcoin, Ethereum, Litecoins, and other altcoins with fiat currencies in over 32 countries. Their cryptocurrency transactions are supported in 190 countries worldwide.
Coinbase exchange allows users to trade digital currencies at a price that is based on the crypto market. So it allows users to buy and sell various cryptocurrencies faster than the other exchanges. It is one of the exchanges that allow credit card payments. Currently, coinbase is planning to add more cryptocurrencies for trading. So that they can attract more users worldwide. This exchange has more than 20 million crypto users worldwide.
So if you want to launch an exchange like coinbase, you can use a Coinbase clone Script. The cost of launching an exchange similar to coinbase using a clone script will vary according to your business requirements.
What is LocalBitcoins?
Localbitcoins is a peer-to-peer exchange platform where users can buy, sell, and trade bitcoins and other cryptocurrencies in a secure manner. This is the first exchange website to allow users to post advertisements for buying and selling cryptocurrencies. This exchange is more popular than the ad-based exchange. So that crypto users can post the ad with the price of the exchange rate. Also, with the payment options for exchanging the popular cryptocurrencies.
In this LocalBitcoins exchange, users can trade fiat to crypto or crypto to crypto trading in a secure manner. Here, users can exchange cryptocurrencies by fiat currencies or any other cryptocurrency in a simple way.
You can build your own p2p exchange like Localbitcoins using the premium Localbitcoins clone software. The cost of launching a crypto exchange like Localbitcoins using the best Localbitcoins clone script may cost $8000 to $14,000. But it varies according to your business needs and the features that you have integrated into your LocalBitcoins clone script.
If you are planning to build an exchange platform similar to binance, coinbase, or LocalBitcoins, then find the trusted and best crypto exchange script provider in the crypto industry. Because everyone doesn’t provide the original bug-free crypto exchange clone software. So buy the premium bug-free Cryptocurrency exchange script and start your own Cryptocurrency exchange platform within a few days.
I am a Blockchain enthusiast who loves to discuss cryptocurrency and its development. Through that, I will encourage the creation of business ideas for budding entrepreneurs. I have helped numerous startups and entrepreneurs through my ideas to start a crypto exchange.