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As crypto businesses are skyrocketing with numerous features, enough profits, and advanced-level security, creating crypto payment gateways has now turned into a profitable business idea for startups.
However, the common problem is dealing with the creation process. While Startups tend to be new to the crypto industry, they are clueless about how to create and deploy the payment gateways.
There comes the role of choosing a crypto payment gateway business model, making the development process much easier. Presently, creating a crypto payment gateway like Coinpayments will be the perfect option to take as a business model. The Coinpayment-like crypto payment gateway can be created in different ways.
If you want to explore, then let’s start with the blog…
Key Takeaways
- Creating methods of a Coinpayments-like crypto payment gateway that also explains the time constraint and cost estimation.
- A complete Illustration of the revenue streams of Coinpayment-like crypto payment gateway development.
Ways To Create A Coinpayment-Like Crypto Payment Gateway
Coinpayment-like crypto payment gateway can be developed by adopting different ways. We have enlisted them with detailed descriptions.
Start Developing From Scratch
With these custom solutions, a Coinpayments-like crypto payment gateway can be created from scratch. This custom solution is a prominent development method adopted by global entrepreneurs. By adopting this, crypto payment gateways are customized with essential features, security mechanisms, UI/UX design, backend & frontend dashboard design, etc are designed as per the business strategies of the startup.
But, without any business model, developing from scratch seems to be a little bit difficult for newbie startups. Along with these, important factors like cost and time estimation are high compared to other development methods.
It takes nearly 3 to 9 months to complete the development of the crypto payment gateway. Also, this method is the best solution for established entrepreneurs in the crypto space who strive to create their own identity. Hence, an alternate option of White label Coinpayments clone is widely utilized by startups.
White Label Coinpayments Clone
Unlike custom solutions, the White-Label solution will be a game-changer for newbie startups. The White Label Solution is a pre-built, multi-tested, and ready-to-deploy solution that comprises basic-level infrastructure, essential features, and security measures. With this solution, a Coinpayment-like crypto payment gateway can be deployed within a short span at an affordable cost. As the Coinpayments Platform is getting recognition from crypto users, replicating the features can increase the global outreach.
Also, in the Coinpayments clone features, revenue streams, security mechanisms, etc can be customized as per the business strategies. Hence, Choosing a Coinpayments clone will be the ideal option for startups who strive for success.
These are the different development approaches taken for creating a crypto payment gateway seamlessly. As a White Label Coinpayments clone is a popular option to be taken, many are unaware of the business-based benefits that are offered by this method. So, let’s explore the reasons to pick them.
How Does Our Coinpayments Clone Benefit Startups?
Creating a Coinpayment-like crypto payment gateway with a clone offers a lot of business benefits from high revenue generation to less time consumption. Here is a detailed explanation.
Cost-Effective Solution
Compared to other development methods, the Coinpayments clone is a cost-effective solution because they are already 60-80% developed. Along with that, they reduce unnecessary testing process costs, paid tools, etc which fits the pockets of startups easily. Hence, this is considered to be one of the foremost benefits of picking a Coinpayments clone.
Customizable Revenue Streams
The Coinpayments Clone comes along with various revenue streams like transaction fees, listing fees, and subscription modules. Along with this, additional revenue factors can be integrated for higher profits. The clone comprises a specialized feature in the admin dashboard to check the real-time analysis of revenue and income stream configuration.
Easy To Deploy
The difficult part of creating a crypto payment gateway is integrating the smart contracts of blockchain networks. As the Coinpayments clone is pre-built, the technical code creation, bug deduction, and error-fixing process are reduced. Hence, the Coinpayment-like crypto payment gateway can be deployed as soon as possible.
Less Time Consuming
Instead of creating a crypto payment gateway platform from the beginning, simply acquiring a clone will drastically reduce excessive time consumption. When competing with the crypto market-like competitive landscape clone adoption will be the best option.
Proven Business Model
Coinpayments is a fast-growing model and platform in the cryptocurrency space with its features and functionalities. As the Coinpaymentsclone replicates the successful platform, gaining users will not be difficult. Also, the lags of the successful business model can be modified based on user preference.
These are the business-based benefits that can be achieved by adopting a Coinpayments clone. To achieve these benefits, the Coinpayment-like crypto payment gateway must possess various exponential features that gain crypto users’ attention.
Features Integrated Into Our Coinpayments Clone
The Coinpayments Clone possesses a wide range of features for its user, merchant, and admin. Each dashboard has unique supporting features and security features. Some of the features integrated into the dashboard are listed here.
User Dashboard
- Multi-crypto wallet – Through this, the user can log in to the payment gateway with multiple cryptocurrency wallets.
- Mobile App Support – The crypto payment gateway comes along with mobile application support that enhances the user experience.
- Customer Support – Customer care support is offered for users to raise disputes, and tickets, or to seek resolutions.
- Payment Invoices – Users can generate their transaction’s payouts as invoices digitally.
- QR Code Scanner – The crypto payments can be done quickly with a single tap.
- Currency Conversion – Users can convert their cryptocurrencies to fiat and vice versa without any documentation or approvals.
Merchant Dashboard
- Mass Payouts – The merchant dashboard possesses mass payment options to transfer a bulk range of cryptocurrencies.
- API Integration – The crypto payment gateway can be integrated easily with various e-commerce sites for enhanced payments.
- Recurring Payments – Subscription-based payments are automated with this feature.
- Customer Management – Through this, the merchants can monitor the activity of their users easily.
- Payout Management – Merchants can schedule and automate withdrawals to linked wallets or bank accounts.
Admin Dashboard
- Revenue Reports – Key insights regarding the earnings, user activity, and other financial metrics can be generated.
- Smart Contract Auditing – Smart contracts are regularly audited to enhance the platform’s speed and potential.
- Dispute Resolution – User disputes and tickets are analyzed carefully and problems are sorted out.
- Merchant Management – The crypto payment gateway’s merchant activity, engagement, and payments are monitored with this feature.
- User Activity – Like merchant activity, crypto user’s activity is also monitored to prevent cyber attacks.
Security Features
- Anti-Phishing Protection – This feature helps to shield the crypto payment gateway platform from cyber attacks.
- KYC/AML Compliance – To prevent illicit or illegal activities, KYC (Know Your User) and AML (Anti-Money Laundering) factors are enforced.
- Multi-Signature Wallets – To ensure higher security for larger transactions, the multi-signature module is utilized.
- 2-Factor Authentication – Users can get an additional layer of security with this feature.
- Cold Wallet Management – The digital assets are stored both online and offline for enhanced protection.
The above-mentioned are the commonly integrated or pre-built features of the Coinpayments clone. Apart from these, additional add-on features can be integrated for higher user activity. An additional layer of security can also be integrated with advanced-level technologies.
Here, it is important to ensure that the working process of the Coinpayments clone with these features. Let’s explore…
How Does Our Coinpayments Clone Work?
Our Coinpayments Clone works in a seamless, secure, and reliable way for both the user and the admin. Here, we have enlisted the step-by-step working process of a Coinpayments clone working nature.
- User Onboarding – A new user or merchant can utilize the crypto payment gateway to create a unique account. With ID verification, the new account is verified by the admin and gets approval to utilize the platform.
- Wallet Integration – After account creation, users can integrate their wallets into the crypto payment gateway for further proceedings. From here, users or merchants can use the platform to process payments.
- Crypto Payment Processing – When a user initiates to pay digital assets with a payment gateway, the system generates a unique payment address with the cryptography technique. Once the payment request is sent to the relevant blockchain network, the smart contract automates the payment.
- Validation – The payment gateway platform validates the automated payments by cross-checking the block confirmations. Once it is successful, an update regarding the payment is sent to the merchant.
- Payment Confirmation – The crypto payment is then changed from pending to payment processing for both the user and the merchant dashboard. Here, the admin manages API keys and access permissions from the backend for security control.
- Payment Status – Once the cryptocurrencies are received by the merchant, the payment status will be updated as a successful transaction. The current status of the payment is also updated in the blockchain network.
- Payout Processing – Merchants can withdraw crypto earnings to external wallets or convert them into fiat currency. Payouts are executed using batch transactions to optimize gas fees.
This is how a Coinpayments clone works for both the admin and user dashboard. As we have headed to the end, it is necessary to analyze the cost estimation of the Coinpaymentsclone.
Cost Of Creating Payment Gateway Like Coinpayments
The average cost of creating a payment gateway like Coinpayments will differ on certain criteria, but a ready-to-launch Coinpayments clone can simplify your development process and it will cost $15,000 to $30,000. Various factors, such as customization, development strategies, and the technical expertise of the team, play a vital role in cost estimation. Before choosing Coinpayments Clone, it is important to choose the right Crypto Payment Gateway Development Company to deliver your project without any hassles.
In that sense, We at Pixel Web Solutions are offering a top-notch Coinpayments Clone with enhanced features.
Why Businesses Trust Pixel Web Solutions for CoinPayments Clone?
Pixel Web Solution is a reputed Crypto payment gateway development firm that has nearly 7+ years of experience in the crypto field. Our developers, technicians, and testers offer you guidance for creating a crypto payment gateway like Coinpayments with easy solutions. Our Coinpayments clones are customizable, secure, and highly scalable. We are also providing White Lable crypto payment gateway solutions for instant solutions without any technical issues.
Reach out to our business team to book your slot for success!!
Frequently Asked Questions
What Is A Coinpayments Clone?
Coinpayments clone is a pre-built, already designed, and multi-tested solution that resembles the features of the Coinpayments crypto payment gateway. The Coinpayments clone can be optimized with add-on features, higher security mechanisms, and a catchy infrastructure.
How Long Does It Take To Create A Crypto Payment Gateway Like Coinpayments With Coinpayments Clone?
The average time taken to create a crypto payment gateway like Coinpayments will be around 3 weeks to 1 month. Yet, based on various factors like customization, feature integration, smart contract auditing, etc the time may vary.
What Are The Revenue Streams Of Coinpayments Clone?
Some of the common revenue streams are transaction fees, listing fees, subscription fees, and others. Depending on your business and marketing strategies, you can upgrade these revenue streams.
Disclaimer
The cost estimation provided in this blog is for informational purposes only and it doesn’t represent an actual quotation. The disclosed cost values are approximate and may vary based on project requirements and the services selected. The provided details are not official cost disclosures of Pixel Web Solutions for the mentioned service or product. We encourage our users to connect with our business team to get tailored and precise cost estimation, personalized consultation, and queries!!
