How much does it cost to develop a cryptocurrency exchange like Wazirx?
How much does it cost to develop a cryptocurrency exchange like Wazirx?
june 7, 2023 14:20PM
Cryptocurrency apps have quickly become global since Bitcoin (BTC) debuted. As a result, investors (experts and novices alike) have increased their investments exponentially and enjoyed reaping digital currency profits.
Cryptocurrency exchange apps can assist in many ways, from trading to payments. These apps are excellent tools for purchasing, selling, trading, and making digital payments in Bitcoin, Ethereum (ETH), Litecoin (LTC), and Ripple currencies.
Do you want to develop a WazirX crypto currency app?
This article details India's most popular Bitcoin exchange app, detailing its features, functions, and costs.
WazirX: The Ultimate Cryptocurrency Trading App
Millions of Android and iPhone users trust WazirX as one of their go-to cryptocurrency trading apps; India's most acclaimed cryptocurrency exchange, with over 10,000,000 active users, also trusts it! Thanks to Bitcoin and other cryptos gaining popularity worldwide, the WazirX bitcoin exchange app has seen rapid expansion.
WazirX makes investing simple by offering investors an easy and safe platform for buying, selling, trading, and exchanging over 250 cryptocurrencies across digital platforms, including Bitcoin, Shiba Inu, Ethereum, Litecoin, and Ripple.
With its unparalleled security, lightning-fast KYC process, and ability to process millions of transactions quickly, this digital currency app has quickly become India's No. 1 Bitcoin exchange app.
This application's straightforward design and presence on five platforms (web, iOS mobile, Windows, and macOS) contribute significantly to increased daily active users.
iPhone app users awarded WazirX 4/5 ratings from Android app users and 4.2/5 from top-rated crypto exchange apps like WazirX: features and functionalities.
WazirX is an Android and iOS cryptocurrency exchange with over 130,000 downloads in India alone. Their success can be attributed mainly to their user-friendly features, which make the platform stand out.
If you want to build a WazirX clone, your costs will depend on the features you choose. To remain cost-competitive, cryptocurrency applications with modern AI features should be developed, as they offer more significant advantages in terms of conversion.
Features to Include in Your Cryptocurrency Apps to Develop User Panels
To provide users with an enjoyable and uncomplicated experience, here are some key features of Wazirx you should include when building WazirX app clones and clone development projects.
Quick Sign-Up: Modern crypto exchange platforms like WazirX or Coinbase allow users to quickly register and log into their apps using mobile numbers or email addresses.
The SHIB app, similar to WazirX and recently popular in the market, enables users to log in using social networks such as Facebook or Gmail, allowing quick and easy access to features.
User Account: WazirX cryptocurrency apps feature an invaluable User Profile feature for users to create an online portfolio showcasing their investments and personal details.
View Crypto Portfolio: One of the many valuable features of the WazirX cryptocurrency exchange app (Android and iPhone) is its dashboard, which enables users to track their crypto assets. In addition, it provides options for trading or buying digital currencies.
This tool will assist investors in monitoring the growth of their investments and making informed decisions regarding potential investments.
Instant and Secure Payments: When developing WazirX-clone apps, ensure users can access secure payment methods. Your brand and app will get more exposure in app stores if they offer firewall protection for user transactions.
WazirX, India's most popular cryptocurrency trading app, provides fast, easy, and encrypted payment methods. Users can deposit amounts in local currency before exchanging them at the best rates, then purchase or sell cryptocurrency instantly by simply swiping their device.
Easy Currency Exchange Facility:Currency conversion is at the core of cryptocurrency exchange platforms. Therefore, it should be an essential feature in all crypto apps, enabling your app users to convert currencies quickly and make investments faster. As a result, many applications focused on this feature.
WazirX's Android and iOS applications have attracted millions thanks to their user-friendly design, offering users competitive access to purchasing, selling, and trading currency.
Wallet Integration: Some leading mobile app development companies in India or the USA are now integrating e-wallets into cryptocurrency apps to engage users. However, only top custom mobile app developers have the skills to add advanced features and functionalities to crypto apps.
Collaborative User Interface: Users can navigate easily and access features quickly with cryptocurrency applications that feature interactive user experiences and user interfaces that are visually pleasing, making the user journey effortless and minimising complexity.
When creating a WazirX clone, ensure that the user interface provides instantaneous access to transaction history (with withdrawals and deposits), ideal investment options, and profile view; this will increase the visibility and performance of the app.
QR Code Scanning Facility:Yes. Including this feature will significantly enhance and differentiate your cryptocurrency app and give users more efficiency in filling their wallets or making payments more quickly and effortlessly.
View Transaction History: A must-have feature of any cryptocurrency exchange app, WazirX offers this capability to users at all times and locations. As a result, users can easily view their transaction data and available balance, making app development not worth its while without this user-friendly balance-checking capability.
Quick Logout: This optional feature increases user personalization. In addition, your users can log out of the application at any time. For Android and iOS applications offering cryptocurrency exchanges, this will prompt their accounts to lock upon exiting.
Features of a WazirX-like mobile app for cryptocurrency
Mobile app development firms must design an admin panel with essential features to develop an exceptional and robust cryptocurrency app on Android and iOS platforms.
- Content Management
- Two-Way Authentication
- Transaction Management
- Dashboard View
- Profile management in crypto apps
Administrators are accountable for creating engaging content that appeals to users, including providing the latest information regarding digital currencies and current prices. Regular content analysis must also occur, including updating privacy policies and terms and conditions and keeping applications current with government standards.
WazirX cryptocurrency apps use two-factor authentication for user security. Unfortunately, this requires their identities to be checked twice: when logging in, they must verify themselves with two separate forms before being allowed access to any application features.
Currency balances, withdrawals, and deposits should be securely managed. An administrator will have full rights to verify each user and view their transactions, providing high security for their accounts and intelligently preventing unauthorised access.
Dashboard integration gives admins access to reports and analytics such as statistics, graphs of performance, digital currency trends, etc., allowing them to assess an application's or service's status and market reach.
WazirX for iPhone and Android allows administrators to manage user profiles. For example, when a user asks to change their password, an administrator will verify their identity before permitting any necessary modifications to their account.
What are the costs involved in developing a WazirX clone app?
In general, cryptocurrency exchange apps with trending and primary features will cost between $20,000 and $55,000 to develop, with final costs determined by factors like hourly rate, location, team size, and the business models of developers.
The cost to develop a cryptocurrency exchange like Wazirx may exceed your estimated budget by over $120,000 when adding advanced features, such as AI-driven chatbots or QR scanners.
PerfectionGeeks is a mobile app development company in the USA and India, that creates world-class cryptocurrency applications with cutting-edge design.
