Basically, the Binance clone script is a platform where you can buy, sell, exchange, or convert your cryptos into digital assets. It is one of the traditional and easy-to-use exchange platforms worldwide, supported in more than 150 countries. Owing to the high trade volume and huge revenue, which can be achievable through this website, many people tend to launch their software and achieve a high amount of money. So, in this article, we discuss the financial success of launching the platform, including making money through it, revenue sources, and development costs.

Making money using the Binance clone software

This website has different ways to gain money. First, it is one of the top three exchange platforms regarding trading volume and provides the most facilities to its users. Most of this website earning money is from transaction and withdrawal fees. Transaction including spot trading, margin loan interest. USD-M future trading, COIN-M futures trading, cross-collateral interest, liquidity swap fees and P2P. We will discuss all of these in the next section.

The following table represents the income of Binance-like crypto exchange

  The income per user can be achieved from the number of exchange features. This means that the income increases as the website use a more significant number of features and income methods. To calculate income, you can multiply the number of trades by the amount of revenue per trader to assess the maximum and minimum income. For instance, based on the table mentioned earlier, if 20000 transactions have been performed each month on the platform, you should multiply it by 1 and 5 to calculate the minimum and maximum income, 20000 and 100000, respectively.

10 revenue sources from the Binance clone platform

In general, there are 10 revenue sources from the clone website for startups and entrepreneurs:

Transaction fee

 For users that don't use BNB to pay trading fees, this software charges a 0.1% cash transaction fee. In addition, the transaction fee to buy and sell immediately on this platform is 0.5%.

Withdrawal fee

Users are also charged a transaction fee for transferring cryptos out of their Binance account in addition to the transaction fee. The blockchain network sets withdrawal fees. Additionally, some factors like network density can affect their account. For instance, you can withdraw bitcoin from several networks with specific limits and fees for each network.

deposit fee

Each user who wants to charge their account using a credit card in dollars has to pay a 4.5% fee in exchange for this transaction.

Margin lending fee

Based on the user reaching the VIP level and depending on the cryptocurrency traded, the Binance clone app script receives a margin trading interest rate. It is one of the trading methods a trader can buy or sell by obtaining a loan from a third party.

Peer-to-peer trading fees

Using this trading method, users can perform orders directly using entering fiat or crypto amounts and favoured payment methods—the orders are then matched based on the best crypto price available on the peer-2-peer markets. Eventually, you will gain a number of fees over each order.

Future trading fees & coin-margined futures

The clone script offers future transactions on a permanent and seasonal basis with a leverage of up to 125 times. Based on the table mentioned earlier, fees are presented on the volume of 30-day transactions, the average 24 hours holding on BNB crypto and the user's VIP level. Coin-margined futures are also offered to users with the same leverage and amount fee as regular futures.

OTC trading fees

This trading feature of the crypto exchange allows users to make large trades. The website owner receives fees in this way. You can gain any fees for its transactions.

Purchases and sales fees

Usually, on this software, users can do buying directly with foreign currencies. However, there is no fee levy on deposits and a fixed commission of 0.1% on purchases and sales.

Liquidity swap fees

This provides a liquidity pool to the marketplace and creates more stable pricing and lower fees for large transactions. Investors in Binance liquidity swap receive income from two sources by stacking: transaction fees and BNB rewards from adding liquidity to the pool.

Stacking

Using this method, traders can stack specific cryptos and gain up to 16% profit annually. Using this way, you can achieve fees from your traders with stacking features.

How much do you need to cost to develop the crypto exchange?

Any entrepreneur or startup who dreams of launching their Binance clone script or any other platforms like paxful clone script, Localbitcoins clone script or Coinbase clone script, and gaining revenue from it should consider the cost of such a platform before launching. These expenses include developing and hosting a website, technical support, marketing, etc. Additionally, to attract as many users as possible, you must plan for a Binance clone app development to grab more traders, which adds to your development costs.

The below table categorized the overall costs of launching such a platform

It is noteworthy that these are costs for building a website with its essential features, and you should know that incorporating other functional features like multiple language support in the software that makes it usable for traders all over the world may add to the cost of launching. Some of the additional features that increase launching costs are:

• Market orders or limit/stop orders
• OCO orders
• Derivatives trading
• Market maker bot
• 24/7 support system and more.

However, you don't need to be worried; if you can launch a well-implemented platform and attract traders, these expenses are considered investments and return you more money.