‘Investing in crypto copy trading platform development is a risk’
This is the common myth that was believed a decade ago among every startup. But, the situation has changed upside down with numerous business ideas and modules. One such business idea is creating a crypto copy trading platform.
Is starting a business in the crypto market will be a difficult task?
Maybe or maybe not, because a startup can launch the trading platform without any hassles with the right solution. One such solution that paves the way for success in the digital market can be achieved by adopting crypto copy trading software.
Before knowing about the software, first, get a detailed outlook about…
What Is Crypto Copy Trading?
Copy trading is an investment strategy that allows crypto users to copy successful traders’ trading modules, strategies, and tricks. A crypto copy trading platform allows investors to follow and replicate the trading strategy of the chosen traders. As this seems to be the easiest method to reap more profits in the crypto industry, specialized platforms are created to enhance crypto copy trading.
Hence, this has become a vital business idea for startups. Currently, white label crypto copy trading software is utilized to create an efficient, reliable, and secure platform.
Didn’t have any idea about that, the next part is about that…
Crypto Copy Trading Software – An Overview
The crypto copy trading software is a pre-developed, ready-to-deploy, and pre-tested solution that replicates the essential features, functionalities, and plugins of the crypto copy trading platform. The software can be customized based on the business needs, and requirements.
As the software is a pre-developed solution, it helps to launch the exchange platform within 15 days to 3 months. Knowing the working process of the copy trading software is an essential thing before starting the development process.
How Does Crypto Copy Trading Software Work?
- A trader (follower) signs up for a copy trading platform or software and will create a trading account.
- Analyzation of experienced traders by their portfolio.
- The trader selects one or more traders to follow and copy (signal provider).
- The platform provides information such as their trading history, performance, risk profile, and other relevant details.
- The platform or software automatically executes the trades of the selected traders in the follower’s account. And, this means that when the signal provider places a transaction, the same transaction gets copied into the follower’s account.
- The followers can monitor the performance of the signal providers they are following and make changes to their trading modules as needed.
- Some platforms may also offer tools to help traders manage their risk, such as setting limits on the amount of capital they are willing to risk on each trade.
- The platform or software typically charges a fee for its services, which may be a percentage of the profits generated through copy trading or a flat fee.
And that is the beauty of the crypto copy-trading software. It allows entrepreneurs to run a business without hassle. And it enables investors to make money without lifting a finger. Before getting started with the crypto copy trading software development, learn about the business benefits.
Explore the next section to learn about the benefits.
Benefits Of Our Crypto Copy Trading Software
The crypto copy trading software possesses numerous business benefits for newbie startups who want to reap profits. Some of the top-notch benefits of the copy trading platform are,
Cost-Effective
Creating a copy trading platform with the software can be done at an affordable cost. With this ready-made software, the exchange platform can be launched without any hassles. Hence, it is the best method for newbie startups who want to deploy their copy trading platforms instantly.
Bug-Free
As the best crypto copy trading software development is tested multiple times, the solution comes without any bugs or technical glitches. Hence, it reduces the cost estimation for investing in conducting multiple tiers of the testing methods.
Monetization
The copy trading software offers numerous revenue streams that help startups to reap their investment wisely. Revenue can be collected through performance fees, management fees, subscription fees, affiliate marketing, etc.
Time Efficiency
With the crypto copy trading software solution, the platform can be launched within 15 days to 3 months. Customization in the trading software may take some time. But, compared to other development methods, acquiring copy trading software will be the best option for startups.
These are the benefits of adopting crypto copy trading software for your business. As this is a cost-effective and time-saving option, many newbie startups are adopting white-label crypto copy trading software.
Features Of Cryptocurrency Copy Trading Software
Features of the cryptocurrency copy trading software play a vital role in gaining the user’s attention. Both the user and admin dashboard’s essential features are listed down.
User Dashboard
- Account Creation
- Crypto copying tools
- Trader Profiles
- Real-time copying chart
- Transaction History
- Risk Analysis Tools
- Notifications
- Price Alerts
- Crypto Payment Gateway
- Multi-Language Support
Admin Dashboard
- User Profile
- User Tracking
- Access Control
- Performance Dashboards
- Growth Analytics
- Monetization
- Help Center
- Content Approvals
- API Key Management
- Data Backup Tools
These are the essential features for both the user and admin dashboard. Apart from these many other features can be customized based on the business needs and requirements. Some of the potential security features of the crypto copy trading software can be seen in the next section.
Security Features Of Crypto Copy Trading Software
To enhance the trading platform’s security level, advanced-level security features are integrated. Some of them are,
- User Access Logs
- Two-Factor Authentication
- API Key Management
- Audit Trails
- IP Whitelisting
- Data Encryption
- DDoS Mitigation
- Anti-Malware Protection
- Firewall Protection
- Backup & Recovery
These security features can be integrated within the user and admin dashboard to enhance the security level. As we have got enough knowledge of the software, and its features, it is the perfect time to know about the crypto copy trading software development process.
How To Develop Exchange With Crypto Copy Trading Software?
With the crypto copy trading software, the development process is made simple and easy.
- Planning – The roadmap for the crypto copy trading platform is created with the help of the development team.
- Market Analysis – Getting relevant information about the trends, and market competitors will help to enhance the user’s attention.
- Feature Integration – The copy trading software can be optimized with additional features, customizations, etc.
- Testing – The trading platform will undergo multiple tiers of testing process to ensure the quality, and functionality of the platform.
- Deployment – Finally, the crypto copy trading platform can be deployed on the blockchain’s Mainnet to function.
These are the step-by-step development process for creating a crypto copy trading platform with the white-label solution. Choosing the copy trading software from a renowned crypto exchange development company that suits your business requirements.
One such development firm in the digital era is Coinsclone.
Why Coinsclone For Crypto Copy Trading Software Development?
We, Coinsclone are a reputed cryptocurrency exchange development company with roughly ten years of experience in the crypto field. Our developer team offers the best and top-notch crypto exchange platform development services along with crypto wallet, payment gateway, and token creation services.
Along with that, we offer aspiring startups with best crypto copy-trading software that possesses charts, financial and technical scripts, and trading techniques. Crypto copy trading has now turned into a profitable strategy in the exchange market that made huge demand for specialized copy trading platforms. So, without wasting your precious time, get a cost estimation quote from our sales team and kickstart your crypto business!!
FAQ
1) How much does it cost to buy a crypto copy trading software?
The approximate cost to buy a crypto copy trading software will range between $12,000 to $20,000. Yet, based on various factors like customization, features integration, security feature optimization, etc, the cost may vary.
2) How long does it take to complete crypto copy trading software development?
With the White-label crypto trading software, a copy trading exchange can be developed within 15 days to 3 months. Along with the help of developers, technicians, and experts, the exchange platform can be launched without any hassles.
3) Does the White-Label crypto copy trading software support multiple cryptocurrencies?
Yes, the White-label crypto copy trading software offers multiple-crypto support features for crypto users. This enhances user engagement and gains a global-level audience for the platform.
