Cryptocurrency trading apps might be new in the app development domain but have the potential to drive a huge success. These apps have showcased several promising opportunities for cryptocurrency app developers, miners, and traders.
If you want to invest in the creation of cryptocurrency trading apps, you might be wondering about the cost associated with it.
The cost of creating a cryptocurrency trading app depends on various factors, such as project complexity, duration, the number of developers, etc.
This blog has explained the top cost-affecting factors of cryptocurrency trading apps and the average price to help you set up the budget.
Features of Cryptocurrency Trading App
Feature complexity is one of the top factors that affect the development cost of cryptocurrency trading apps. A simple app with core features will cost you less than a feature-packed app. Therefore, it is necessary to carefully select the features to implement in your app that can fulfill the user requirements and do not cause budget constraints.
Some of the core features of the cryptocurrency trading app include:
- Easy Trading Mechanism
- Currency Exchange
- Digital Wallet
- Review History
- User Authentication
- Push Notifications
- Data Reports and Analytics
Read our cryptocurrency trading app guide to know the complete development process of a cryptocurrency trading app.
Mobile App Design Cost
The design of the application should be attractive and provide an outstanding user experience with all of the core features. Since the cryptocurrency trading app works on Blockchain technology, and the features and functionality of this app might be complex, it becomes a difficult task to design a UI/UX with a seamless look and feel.
For the mobile app development services you hire, make sure to explain the project scope and core functionality of the app clearly so that they can provide a smooth user interface. Also, ensure a seamless user experience with search filters, interactive dashboards, graphical reports, etc.
A simple mobile app design can cost between $2000 to $4000. In contrast, the high complexity app cost can be between $10,000 to $25,000.
Tech Stack Used For Cryptocurrency Trading App Development
The technology your app development service provider uses also affects the cost of developing a cryptocurrency trading app.
Tool: Xcode (iOS), Android Studio (Android), React Native, Flutter, Xamarin (Cross-platform)
Programming Language: Swift (iOS), Kotlin (Android)
Web Service: AFNetworking, Swifty JSON, Alamofire (iOS), Rest APIs (Android)
Database: MySQL
Local Database: SQLite local database, Room local database
Design: MVC, MVVM (iOS), Material Design (Android)
Mobile App Development Company Cost
The cryptocurrency trading app development cost also depends on the app development companies. A top mobile app development company deploys its team of Blockchain development experts, which also affects the development cost.
The average hourly rate of the developers can be classified as
- Back-end Developer: $65/H
- Android Developer: $65/H
- iOS Developer: $70/H
- Front-end Developer and Designer: $55/H
- QA Tester: $35/H
- Project Manager: $55/H
The total estimation of the project may cost you around $400,000 or more as per the duration and app complexity.
Conclusion
In this blog, we have only written the approximate price range. If you are looking for an actual estimation of the cryptocurrency trading app, you can ask for a price quote from mobile app development companies.
Moreover, you should be aware of the project scope and conduct the proper research and analysis of the project as the price of the application development services also depend on it.
