Hi @"bettyparker" you have shared valuable information on WazirX Exchange. I would like to add a few points about the cost spent to start a crypto exchange like WazirX and the revenue model of the white-label WazirX clone script.
Let us have a quick look at it.
What is the cost to start a Cryptocurrency Exchange Like WazirX?
The cost may vary depending upon the exchange development methods.
Generally, it can be developed in 3 Ways
Open Source - High risk & essential trading & security features will not be available.
Development From Scratch - Requires a skilled team of blockchain developers. The cost for the development of a crypto exchange would be 40K USD to 70K USD.
WazirX Clone Script - Easiest way to launch your exchange like WazirX in a week with power-packed trading & security features. The cost of the WazirX clone script would be around 4k USD to 7K USD.
Comparing the above 3 ways of crypto exchange development, the WazirX clone script is available at a budget-friendly cost.
How to generate revenue by starting a crypto exchange like WazirX?
Revenue can be generated, by launching a crypto exchange like WazirX with a WazirX clone script in various ways like
Transaction Fee — Transaction fees are applicable on the tradings.
Staking Charge — The admin can deduct the amount from the users who stake tokens.
Multi-trading — The option available in the Wazirx clone app enables users multilateral trading. So that the volume of users gets increased in short. Thus, revenue streams a lot.
Trading Commission — The admin earns a particular commission on each trading executed via the platform.
Fund Loading and Withdrawal — The admin gains some revenue on both deposit and withdrawal actions made by the traders online.
Fee for Token Listing — Through merchants’ token listing on a Wazirx-like exchange platform, the admin gains some amount of fee.
Ads — By displaying third-party ads on the website/app interface, the admin could receive relevant charges from the owner of advertisements.
After knowing about the cost of development & revenue models, if you are interested in buying a WazirX clone script to launch your crypto exchange. No worries! Reach out to the best WazirX clone script provider. I have analyzed finding the best clone script provider based on their portfolio, reviews, ratings & quality of their work. By considering the above factors I have found CoinsQueens. CoinsQueens have resolved all my doubts and they provide complete support with their technical team. They have satisfied their client's requirements to the fullest by completing their projects, according to their business needs, with on-time delivery.
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