Binance Clone Script launching costs in 2022 (10 affecting factors)

With numerous tech companies that offer Binance clone scripts or NFT marketplaces like Paxful clone script or okex clone script, it is hard for entrepreneurs and startups to choose the best platform that fulfills their expectations. However, the price is the most determinant factor for each person who wants to launch their exchange platform. Various companies determine the specific cost of their clone scripts based on the customer request customization and the times needed to develop it, which can be confusing for customers. So, this article is dedicated to the most critical factors affecting the costs of the Binance-like exchange software and application.

Determinant factors on the Binance clone script price

The cost of the Binance clone script and app development depends on some basic factors, as well as the added features and customizations. Some of the cost-determinant basic factors are as follow:

Speed

The speed of a device or website is one of the most influential factors determining its value, and the cryptocurrency exchange platform is not an exception. As a device or a platform work faster, the satisfaction of its user's increases.

efficient supporting system

having a reliable 24/7 supportive system that immediate response to the traders and can effectively and actively solve their problems is another cost determinant factor of a Binance-like exchange platform.

secure and quick payment gateway

having multiple payment gateways that enable traders to receive or send their funds in no time by buying and selling quickly and safely is also vital for such an exchange platform.

automated trade match engine

using a system that automatically links traders with sellers can increase the speed of trading on the platform and consequently enhances the user’s satisfaction.

secure and safe wallet

it is vital to assure users that their assets will be safe on your platform. Having a secure wallet and adding more wallets helps you keep your user’s data and assets safe and secure.

KYC verification

After the registration of users in your platform, they hat be verified to be able to start their business. After they enter their information, their identity confirmation will be done automatically.

registry lock

This can be considered an added security layer to have a safe registry.

Online chat

This basic feature allows you to talk to another party to do transactions. This speeds up the transaction and improves users’ satisfaction.

Number of assets

One vital thing in each exchange platform is keeping up to date on the value of the assets; thereby, users can be aware of the real-time values.

Various payment ways

Various payment methods like the ability to pay through a bank account or credit card can encourage users to have more trades on your platform and makes it easier for them too.

Support various digital currencies

The more significant number of digital currencies a platform supports, the more treading options for users.

High level of liquidity

This basic feature assures users they won’t experience frequent price fluctuations and transaction delays due to a high level of liquidity.

Cold or hot wallet

Using this basic feature, users can store their currencies in a hot or cold wallet to bring more security to their wallets.

Smart contracts

This prominent and essential feature gives the users a free hand to process their cryptographic transactions on their own without the intervention of a third party.

How much does it cost to launch a Binance clone in 2022?

As discussed in previous articles, developing a Binance-like exchange platform depends on the added features and customization. However, for a plane platform without special features, you need to pay 7000 to 15000$. On the contrary, a more advanced exchange platform will cost you around 50000$. The features that add cost are as follows:

Infographic explanation

This is an advanced feature, and it costs the total price depends on the kind and time needed to add it. For instance, adding a stop limit feature increased the price of the exchange Binance clone exchange platform up to 25%, as well as that; the working days which is needed to add this feature is about 20 working days.

Spot and margin trading

Since the core feature of an exchange platform is trading, adding the feature of trading assets spot or on margin can increase the development cost by up to 4700$.

Market order or limit stop order

Different types of order platforms are offered, using which you can add stop loss and take-profit in order to cut your position in loss or profit. Adding this advanced feature to your platform can increase the development cost up to 1200$. This feature

OCO orders

This feature is dedicated to more complex orders, and adding it may enhance the cost by up to 1200$.

Binance clone script app

A Binance clone application for both IOS and android can widen your platform users. Developing a Binance clone app can cost you around 7500$.

Binance futures

This is a platform that is used to buy and sell futures linked to the leading cryptocurrencies available in the market. Incorporating this feature costs you approximately 7500$.

Over-the-counter trading

Over-the-counter or OTC trading, using which the users can trade stocks, currencies, and other instruments between two parties without an intermediate, can increase the development cost between 1400 to 3000$.

UI/UX design

The money you’ve spent to have an attractive and user-friendly interface is a real investment in your platform. The cost varies depending on the experience of the developer team and the speed and convenience.

Derivatives trading

This service is designed for trading crypto derivatives. These are products with speculative purposes since they can use to multiply the potential for gain.