PayBito offers white-label solutions for individuals and firms to start a crypto broker business.
PayBito, the frontrunner in white-label crypto innovation, has launched a cloud-based BaaS that offers a lucrative solution for brokers. The platform offers a secure and user-friendly trading interface that supports several cryptocurrencies, trading pairs, fiat currencies, and more. With PayBito’s BaaS model, one can start a crypto broker business in three days.
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Problems In Starting Crypto Brokering Business From Scratch:
Starting a crypto broker business is an exciting venture. But, like any other business, it comes with a list of challenges. Besides, there are several limitations caused by red-tapism, redundant processes, and more.
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The challenges include:
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- Regulatory Compliance: Crypto regulations vary between boundaries and also with time. Complying with relevant laws and gaining necessary licenses can be tiresome.
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- Banking Relationships: Establishing and maintaining banking relationships for a crypto brokering business is almost impossible. Several traditional banks are quite resistant to working with crypto businesses.
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- Security Concerns: Security is an ongoing process in a crypto brokering business. There are several types of hacks and attacks that happen at various levels. A robust security strategy is essential.
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- Cost Constraints: AI and ML tools are inevitable to have a fighting chance with institutional players. These tools help with market analysis, faster trading, and reducing manual errors. But, these tools are costlier and more complex to set up.
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- Market Competition: Crypto brokerage is a very booming industry. The market is competitive. The institutional brokers have teams for marketing, security, market analysis, and customer support. An entrepreneur cannot compete with such giants.
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- Liquidity: Almost all new brokerages have limited resources, which leads to lower liquidity. Without sufficient liquidity, it is impossible to offer a competitive trading condition.
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- Customer Support: A small-time crypto brokering business cannot afford to offer 24/7 customer support. Yet, it is crucial for handling customer inquiries and building trust.
- Public Perception: A new crypto brokering business with a simple infrastructure does not reflect professionalism. The public already has skepticism over crypto. These negative feelings would multiply if it is a new and small brand.
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How PayBito Gives A Fighting Chance?
PayBito CEO and blockchain pioneer Raj Chowdhury says, “Entry barrier is very high in the brokerage business. This industry relies heavily on advanced technology and intellectual property. A white label platform can ensure entrepreneurial self-sustainability.”
- White-label Solution
PayBito offers a white-label solution with a pre-designed customizable platform for crypto trading. Entrepreneurs can alter the list of features, design elements, and outlook. It helps to create a professional brand. Server management, security, maintenance, and customer support will be back-end processes of PayBito.
- Liquidity
PayBito has a large volume of active users. It supports a variety of cryptocurrencies with faster order execution. It adheres to up-to-date regulatory standards and has a global presence. All these contribute to higher liquidity.
- Security
PayBito offers a high-secure wallet, account management, and payment gateway. It has DDoS mitigation, 2FA, SSL certificate, and other security features.
- Instant KYC
One can set up a branded crypto brokerage business in three days. The KYC process is simple, and there are no eligibility criteria in place.
- AI/ML tools
AI and ML tools for market analysis and risk management are add-on features of PayBito. There are several pricing levels in PayBito for varying features. For a nominal monthly subscription, a broker can access all these tools.
Growing With Cloud-Powered PayBito:
PayBito offers BaaS, which allows easy scalability, instant business launch, and customizability. All these features allow every trader and broker to gain a global customer base. Sustainability determines business success. And, PayBito offers a robust platform to build a sustainable brokerage empire.
Brokering World Hunger Away:
As a PayBito broker, every entrepreneur has the opportunity to serve the world. Under the Brokering World Hunger Away campaign, PayBito aims to end world hunger. It donates a dollar for every dollar made by PayBito brokers as a commission. As the brokers’ businesses grow, PayBito shares more towards feeding starving children.
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