PayBito invites brokers to start crypto business

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.

PALO ALTO, Calif. (PRWEB) August 04, 2023

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.

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:

• Regulatory Compliance: Crypto regulations vary between boundaries and also with time. Complying with relevant laws and gaining necessary licenses can be tiresome.
• 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.
• 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.
• 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.
• 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.
• 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.
• 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.

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.

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.

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.

Looking Forward:

Access to the current brokerage world is uneven. PayBito aims to create a difference by standardizing access with affordable white-label solutions. This way, it will contribute to building an environment sustainable for the crypto brokerage business.    

About PayBito:

PayBito is an online platform for launching a crypto business in Crypto Trading, Brokerage, Payments, Tokenization, ICO & Banking. It is available in the web version as well as in iOS and Android stores. PayBito services include white-label crypto exchange solutions, white-label payment gateway, exchange affiliate, and coin listing. PayBito offers some of the best rates and top-notch security in the crypto world.

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