A White label bitcoin exchange is an online platform where traders buy and sell bitcoins with the help of different fiat currencies and other cryptocurrencies.

The aspects behind the operation of a Bitcoin exchange

Market order or limit order will be inputted for buying and selling Bitcoins

Choosing the market order option enables traders to get the best available price

Selecting the limit order option helps traders to price coins below the current ask or above the current bid according to buying or selling motive

Buyer or seller who sets the limit price is a maker

A trader who places a market order that is immediately filled is a taker

Transaction fees depend upon the volume of transactions and type of exchange

Different payment methods would be available for the transfer of funds

Currency conversion fees may be charged by exchanges depending upon their location and their in-built liquidity

Wallets used for storing coins and authorizing payments are also chargeable

These are the key things to keep in mind to know the functioning of a Bitcoin exchange.

Get the world’s fastest white label bitcoin exchange platform from the Infinite Block Tech. Avail benefits such as an unlimited listing of assets, lightning-fast transaction processing, a reward system for referrals, and integration of multiple payment wallets.