How to Start a Crypto Exchange and Wallet Service with Merkeleon?

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The crypto business attracts many business owners with the prospect of electronic decentralized payments and a significant online user base. There are great opportunities in this field.

Someone accustomed to traditional payment systems for decades may be hesitant about crypto payments. Businesses need to be open to everyone. Enabling crypto users can improve your business. With an estimated 30 million crypto users in Europe and hundreds of millions globally, targeting this demographic is increasingly becoming a necessity.

Merkeleon offers a white-label crypto wallet service that allows customers to create and manage crypto wallet services. A white label product is generic/standard and can be customized to your unique business needs.

Additionally, Merkeleon provides turnkey crypto exchange software for those who want to improve their businesses. These services have unique advantages for business owners. Below is more information about these.

White Label Crypto Wallet

Merkeleon has created a white label crypto wallet that allows operators to launch crypto wallet services for end users. A white label crypto wallet means that an operator does not need developer expertise or management services such as high-level software and compliance expertise to deliver these services.

Instead, you get the full package: bank account services, quality software, fiat payment systems support, compliance, KYC assistance and everything related to crypto payment services.

This arrangement allows service providers to focus on their business and do not need to change their operations to adapt to the new payment processing method.

A crypto wallet functions quite differently than traditional physical wallets. Instead of storing actual cryptocurrencies, the wallet holds private keys to cryptocurrencies on the public blockchain. Given the digital and decentralized nature of crypto, security is a critical consideration. Accordingly, Merkeleon’s wallet features the latest encryption and authentication measures to secure user funds.

Operators can brand their wallets according to their business needs. This includes the ability to change the logo, color schemes and any other details necessary to create individuality in the wallet service. The white label crypto wallet works with both iOS and Android devices. In summary, reasons to consider Merkeleon’s white label wallets:

  • Convenience – A quality white label wallet saves you the time required to create a crypto wallet from scratch because you only have to customize it to your needs.
  • State-of-the-art security – Merkeleon has a track record of secure and reliable wallet solutions. You can enjoy the benefits of a standard wallet with best practices and protocols from experienced developers, without having to work upwards instead.
  • Focus on core competencies – A business can focus on its core competencies rather than dealing with the details of building its own wallet infrastructure. This reduces the resources and time spent on wallet development.
  • Ongoing technical support – Merkeleon provides ongoing technical support for optimal wallet security, functionality and upgrades as needed.
  • Compliance support – Users also benefit from compliance support to ensure their operations comply with regulatory requirements and reduce liability exposure.

Turnkey Crypto Exchange Software

A crypto exchange is a platform for buying, selling or exchanging cryptocurrencies. People can buy crypto in exchange for cryptocurrencies or fiat. Creating a crypto exchange requires software expertise to ensure that the exchange has a smooth interface and adequately secures user funds.

Merkeleon simplifies this task for those who want to run crypto exchanges. You can get turnkey (ready-to-use) crypto exchange software that turns into a functional exchange with the necessary customizations.

It is important to distinguish between development outsourcing and turnkey solution. In a turnkey solution, the software is ready to use. The operator does not have to account for development time, inflated costs and general uncertainty as with outsourcing. Merkeleon’s stock market software is ready to launch shortly. All the operator needs to do is change the frontend and add payment methods and necessary modules.

Modern crypto exchanges are a place full of activity. With this software, the operator can opt for spot and futures integration, which is a point of attraction for intraday traders. The ability to trade on crypto prices requires real-time data and high-quality software. Merkeleon’s software ensures that operators looking to integrate this functionality will be successful.

Why should you consider turnkey stock market software?

  • Fast launch – The operator gets a market-ready solution in two weeks rather than waiting months of development.
  • Cost effectiveness – It is cheaper to buy a finished product rather than hiring developers to work on a platform. Increasing costs for a web-based platform that doesn’t work as intended can be frustrating.
  • On/off-ramp exchange – Users can buy and sell crypto assets on the exchange.
  • Customizable to suit your operation – white label exchange can be customized to suit your branding needs and accommodate unique business details.
  • Compliance and industry standards – By using a solution from an industry leader, you get an exchange that complies with best practices rather than one that has the potential to miss a few key components when developing it yourself.
  • Trading diversity – Avid traders can benefit from a wide range of order types with a seamless user experience.
  • International reach – With a turnkey exchange, you can reach customers in more than 180 countries and greatly expand your business scope.

Turnkey exchange is a powerful tool for online business. Customers can trade crypto as seamlessly as they would for standard centralized exchanges. Whatever your business, you can integrate the exchange in no time and greatly increase your reach.

Managing a crypto exchange is a complex task. It requires a delicate balance of digital asset volumes to comply with regulatory requirements while ensuring the exchange has sufficient liquidity. Merkeleon ensures this is achieved by integrating liquidity providers and more than 30 currencies for convenient trading.

Earn using a crypto wallet or exchange

The revenue generated from a crypto exchange and wallet can be lucrative for operators. The standard fees that the operator may set are the fees charged for withdrawing funds from the platform. This rate can be a fixed rate or a rate that varies depending on the quantities. The Earn feature on the exchange and wallet allows the operator to further invest these funds and grow in the industry.

Conclusion

Merkeleon has an excellent reputation in this industry for successful solutions that suit a wide range of business needs. More than 35 exchanges have been launched with turnkey software and the company has 14 years of experience in software development and 10 years in crypto development. These achievements mean a wealth of experience and unique insight into the challenges of this industry. Users who need effective and convenient solutions can find a reliable partner for their crypto software needs in Merkeleon.

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