Frequently Asked Questions

Here are some questions that are frequently asked by our clients related to Cryptocurrency development. If you need more information or have any other questions regarding Cryptocurrency development, feel free to contact us.

Why should I choose PixelCrayons’ cryptocurrency development services?

Trusting PixelCrayons’ Cryptocurrency development services has always been great for the clients. Several reasons make it the best cryptocurrency development company in the market. We have been in operations for the last 16 years and have delivered 13800+ successful projects to date.
And the other factors that determine your success are 500+ Skilled developers, Strict NDA, Experienced Developers, and On-time delivery. All these points determine your project’s success and make PixelCrayons the best for Cryptocurrency development service.

How much experience does your cryptocurrency development team have?

Our cryptocurrency exchange development company has employed the best team with an average experience of 3-4 years in Cryptocurrency development. They have proficiency in handling advanced tools and technologies to deliver out-of-the-box results.

What is a list of your clients?

Being a leading and experienced cryptocurrency exchange development company, we have worked with several businesses. Some of them are Vodafone, Adobe, Puma, and more.

What is cryptocurrency based on?

A cryptocurrency is a kind of digital asset based on a network distributed across a massive number of systems. This decentralized structure lets them survive outside the authority of governments and central officials.

Why is India the best location for hiring a cryptocurrency development company?

If you’re looking to create your own blockchain platform, then there are plenty of reasons why you might want to consider India as the best location to hire a cryptocurrency development company. We’ve outlined our top 10 reasons below and hope this helps!
#1) Lowest Cost
Given its abundance of low-cost IT talent, it’s not surprising that cost is one of India’s biggest advantages. Even compared to outsourcing giants China and Russia, costs are much lower in India. Not only are wages cheaper here, but many companies can take advantage of tax breaks offered by their respective states to further reduce costs. This means more profit for you or at least a higher ROI on your investment. It also helps explain why so many Western companies have chosen India as their base of operations—and why they continue coming back.
#2) Global presence
With over 1.3 billion people, no other country has a better potential for cryptocurrency adoption than India does. The country also stands as one of the world’s fastest-growing markets thanks to a young and well-educated workforce and an emerging middle class with purchasing power. These factors make it both convenient and profitable to serve customers in India – which you can do by taking advantage of outsourcing. Outsourcing takes away much of your worries related to language barriers or geographical limitations, meaning that your company will be able to reach a broader customer base.
#3) Strong infrastructure
It can take anywhere from 1–3 days to get an internet connection set up in certain parts of India. This may seem inconvenient, but it’s actually conducive to business because you have to be more flexible. The ability to think on your feet and work collaboratively with other people makes cryptocurrency development firms based in India particularly attractive to foreign companies.
#4) Strong crypto market community
With millions of new crypto users flooding in every day, there’s never been a better time to enter into cryptocurrency. In fact, as reported by CNBC, India has officially become one of the top five countries in which Bitcoin trading takes place. With such explosive growth in user interest, it’s no wonder that businesses have been lining up to tap into Indian crypto demand. The country boasts some very strong players when it comes to blockchain technology and cryptocurrencies—and, unsurprisingly, they’re all looking to hire top-notch developers like you! As more companies begin entering into blockchain development and work on emerging cryptos, they need high-quality talent like yours—a talent that can build secure systems with well-thought-out designs.
#5) Expertise in Blockchain Technology
There are very few countries that have adopted cryptocurrency technology to its fullest potential. One of them is India, where companies are on their toes to hire cryptocurrency development companies in Noida or Mumbai, or Pune. While other nations are still grappling with regulatory concerns, there are no stopping companies in India from hiring cryptocurrency development companies who can do wonders with blockchain technology. The Indian government has been actively working on promoting cryptocurrencies since last year. As it turns out, blockchain technology has tremendous benefits when used by businesses and governments alike. And, now that they have eased regulations regarding trading, investing, and mining cryptocurrencies in India, it would be safe to say that local businesses will be at an advantage compared to many others around the world.
#6) Expertise in ICO development
With years of experience in providing ICO development services, Indian companies have successfully developed several blockbuster projects. Being a cryptocurrency development agency in India, we have delivered business solutions to businesses big and small, including Fortune 500 companies. Our team consists of cryptocurrency experts with proficiency in all relevant fields—from economics to finance, marketing, management, and development. Our extensive knowledge of blockchain technology ensures that we are able to deliver high-quality blockchain products on time every time. Our work speaks for itself—our clients are always happy with our services.
#7) Deep understanding of international markets
Given that cryptocurrency is still an international concept, it’s only natural that companies around the world would be interested in getting involved. It should come as no surprise then that one of the top reasons why businesses hire Indian cryptocurrency development companies has to do with their ability to help businesses achieve their goals on an international level. With a comprehensive understanding of global markets and cross-border opportunities, Indian companies have everything it takes to develop advanced features and platforms that will enable seamless transactions across borders. While many people may see blockchain as limited solely to cryptocurrency development, nothing could be further from the truth.
#8) Excellent quality standards
If you have been following cryptocurrency news, you’ll know that India has one of the most progressive regulatory bodies in terms of cryptocurrencies. They have always kept an open mind about cryptocurrencies and blockchain technology. This indicates a positive future for cryptocurrency development companies in India. Also, Indian developers are known to deliver quality products on time with excellent quality standards. Hence hiring them will ensure peace of mind as far as product delivery is concerned. On top of that, they are cost-effective. You can get more than what you would pay for elsewhere without compromising on quality. If your business needs good quality products at affordable rates, then India is definitely worth considering.

What mistakes when choosing a cryptocurrency development company?

Your business is growing, and you want to add the functionality of cryptocurrency payments to it. However, you don't know where to start and how to do it? That's where a Cryptocurrency Development Company in India comes into play and saves your day! But before choosing one, there are a few important things you should pay attention to when selecting a Cryptocurrency Development Company in India.
1) Not understanding what you want
Get clear on your goal or project before you start. It may sound obvious, but it's easy to get caught up in excitement about an idea and just dive right in without thinking it through. Not only can rushing ahead blindside you with additional costs, but it can also result in a poor final product if your company doesn't have experience working on similar projects. Avoiding these issues starts by taking some time to clearly define what you want. Then make sure everyone involved is on board with—and understands—the plan.
2) Not thinking about competitors
You should never hire a cryptocurrency development company without first researching what your competitors are doing. Researching what your competitors are up to will show you whether or not they're onto something and give you a great idea of where to go from there. Don't spend too much time worrying about what other companies are doing – if your offering is unique enough, it will find its own audience! Just make sure you think about their approach and how it can improve upon yours. Letting cryptocurrencies use too much electricity: In an industry with big players like Bitcoin, Litecoin, Ethereum, etc., every little bit of extra cost adds up over time. And with each project requiring hundreds or thousands of miners for it to work properly, that becomes a lot of added costs over just using regular servers for all projects combined.
3) Not setting deadlines
Setting deadlines for everything is a crucial part of keeping a project moving forward. If you're not setting clear deadlines, it's easy to procrastinate and avoid difficult tasks that need to be completed. The sooner you assign a deadline, the more time you have to complete it. If there are multiple steps involved in a task, try splitting up a large project into smaller chunks with their own individual deadlines. This will help motivate you to complete each step before moving on to the next. Also, keep in mind that any piece of work can always be improved upon after its deadline has passed! Find out what milestones your cryptocurrency development company India should be tracking on an ongoing basis so you can ensure they're on track for delivering on your launch date.
4) Hiring the wrong company
Once you begin your hunt for a cryptocurrency development company, you might be overwhelmed by all of your options. There are many talented software companies that are more than willing to work with you to get your startup off of the ground, but not all of them have what it takes to provide quality solutions at a fair price. It's essential that you find a team of developers who have extensive experience in their field. Before choosing a company, ask yourself if they have any proven track record of working with clients in your industry. Also, keep an eye out for red flags; companies should answer all of your questions honestly and not make empty promises about their capabilities. This is especially important when developing something as cutting-edge as cryptocurrencies, so be sure to take precautions before signing a contract! If you follow these tips, you should be able to choose a high-quality cryptocurrency development company without making any mistakes along the way.
5) Hiring slowly
The time to hire a contractor can vary, but finding people with specific skills can be tricky. Do your research! There are plenty of great cryptocurrency development companies out there that are ready to work on your project, but you want to make sure you're working with one of them. Don't fall for their scammy sales tactics—research these best cryptocurrency development companies in India carefully before hiring them. You have plenty of options out there, so don't rush your decision. These days, cryptocurrencies represent an incredible financial opportunity. If you're thinking about creating a blockchain-based project or using cryptocurrencies as part of your business model, you need to know about cryptocurrency development companies in India and how they could help move your idea forward quickly and securely. Hiring slowly: The time to hire a contractor can vary, but finding people with specific skills can be tricky.
6) Taking on too much risk at once
Before choosing a cryptocurrency development company, make sure you're not taking on too much risk. It can be tempting to throw all your capital into crypto development because you see potential—and it is certainly possible that returns will exceed your expectations! But if you don't feel comfortable with high-risk investments, opt for a diversified portfolio that will still offer substantial growth potential while limiting your exposure to extreme ups and downs. You don't have to abandon cryptocurrencies altogether; just think of them as one piece of your financial puzzle rather than a lone star. Crypto markets are notoriously volatile, so diversification minimizes your risk from wild fluctuations in prices.
7) Focusing on profit first and foremost
We all want results fast. It's human nature to want everything to move quickly, but it simply isn't possible when dealing with blockchain technology, which is inherently slow by design. That said, some development companies promise unrealistic timelines and deliver dates—and then change them without notice. Instead of building your project on shifting sands, it's best to look for a company that sets realistic expectations from day one and sticks to them throughout. With so many moving parts in a cryptocurrency ecosystem, there will inevitably be unforeseen roadblocks that could have been avoided if you had more time upfront. Stay away from anyone who promises fast delivery dates before gaining a firm understanding of what they're proposing.
8) Forgetting your goal is not profit (but adoption)
No two businesses are alike, but that doesn't mean it's okay to set an unrealistic timeline for your cryptocurrency project. From its inception to launch date, your development company should have a clear timeline of milestones for you to reference. If they don't have one, run—don't walk—to another provider! The best cryptocurrency development companies in India will work with you to set reasonable timelines based on your specific needs and requirements. Is It All About Profits? Yes And No. As many crypto investors know all too well, cryptocurrencies offer no guarantees of profits from day one; however, a careful balance between profit and adoption is necessary for a successful venture. Your cryptocurrency project shouldn't be tailored around making as much money as possible from day one, nor should it be tailored around just getting people to adopt your coin or token right away.
9) Setting unrealistic expectations and timelines
Timelines are rarely attainable when launching new projects, especially at early stages. If you set unrealistic expectations about your timeline for cryptocurrency development, you're only setting yourself up for disappointment. It's important to remember that building a cryptocurrency is no small feat; it will take significant time and effort to create an effective platform. Though timelines should be set in place, they should be flexible enough to allow for unexpected roadblocks and delays. Choosing sub-par developers: Once you find an organization with which to partner, it's important to select developers carefully. There are many factors involved in determining whether or not a development team is right for your company—and some of these can be difficult to spot.
10) Forgetting to be your own customer
One of your best resources for finding a reputable cryptocurrency development company is your own experience as a customer. If you're not confident in their ability to execute, don't work with them. As much as you'd like to believe that every project will be delivered on time and according to specifications, it rarely happens—the key is knowing how to find someone who can deliver projects on time and meet your needs at an affordable price. Find firms that have previous experience working with companies similar to yours; if they've delivered quality results in a similar situation, they'll likely be able to do so again. The same applies if you're hiring a new marketing firm or web designer: let your previous experiences guide your decision-making process going forward!

What questions to ask a cryptocurrency development company before hiring it?

How much do you know about cryptocurrency development companies? Do you know how to find the best cryptocurrency development company? Not all crypto developers are created equal, so it’s important to ask the right questions when choosing the right cryptocurrency development company. Here are 10 questions to ask before you make your decision.
1) Why should I trust you?
First, ask them how long they’ve been in business. If they are honest, you can trust them—they have nothing to hide. Look for years of experience on their team. Experience isn’t everything, but it sure is comforting when you are looking for advice on something that may or may not cost you thousands or hundreds of thousands of dollars. Then, ask about their development process. Do they make use of agile methodologies? Do they do test-driven development? Will your needs be taken care of with small incremental changes? Or will your project require weeks of change requests and back-and-forth discussion before actually delivering what you need?
2) What is your past experience in the cryptocurrency market?
If you are planning to work with a cryptocurrency development company, make sure that they have prior experience in developing cryptocurrencies. They should be able to give you proof of their past involvement in any of your cryptocurrency-related projects. This will also help you avoid any legal hassles in the future if anything goes wrong with your project. Another thing is whether or not they have worked with companies from other countries before as well. Working on international projects can take a toll on business, so it is always better to go for experts who already have an idea about working internationally and for different countries at once.
3) How much time will you take to build my cryptocurrency from scratch?
It is important that you ascertain how much time will be taken by your cryptocurrency development company to build your currency from scratch. Since all of these companies have diverse portfolios, there are chances that they are working on different projects simultaneously. Some of them have dedicated teams for different projects, whereas some have only one or two dedicated people working on multiple projects. So it’s hard to give an accurate time estimation.
4) What is your past experience when it comes to blockchain development services?
A blockchain development company should ideally have a few years of experience when it comes to cryptocurrency development services. Look at their client portfolio and check out what kind of products they have developed in the past. Ideally, you should hire someone who has already been involved in various projects related to cryptocurrencies, blockchains, and ICOs. For that matter, it is advisable for you to get in touch with their former clients and get feedback from them regarding their expertise and approach towards blockchain projects.
If possible, look up their previous work on different job portals as well. If nothing works, connect with them directly via phone call or email to hear about how they are equipped for developing your cryptocurrency. What do you know about my project ?: This may be among the top things that you need to ask your cryptocurrency development team in India before hiring them because such companies should not only know about your project but also be aware of all its technicalities and intricacies.
5) Do you have a strong blockchain development team?
The best cryptocurrency development companies in India can help you get your token or coin up and running quickly. But what if your plan is bigger than just one product? For example, if you’re planning on building an entire platform that runs on blockchain technology—including both coins and tokens—then you might want to look for more than just an initial coin offering (ICO) service provider. Instead, you should think about hiring a cryptocurrency development company that offers multiple services such as smart contract creation, web design, and cryptocurrency wallet integration. Not only will these additional features speed up your time to market, but they may also save you money.
6) What is your view on ICO tokens & cryptocurrencies regulation in India?
What’s happening with ICO tokens and cryptocurrencies in India is only going to increase. With Indian regulators still studying cryptocurrency regulations, what might be worth your time is knowing how these upcoming regulations could affect your cryptocurrency development project. This is particularly important if you are considering launching an initial coin offering (ICO) as part of your blockchain project. A potential client recently asked me for my views on cryptocurrency regulations and what they mean for his company.
7) Do you have any other products in place apart from cryptocurrency developments?
If you’re looking for a cryptocurrency development company, you’ll need someone who can develop an array of features. You should look at their previous work and see if they offer any additional products such as plugins, API integrations, or shopping cart modules. This is important because it indicates whether or not they’ve created custom solutions before. The ability to create fully-customized functionality using complex technical tools sets elite development firms apart from those that simply take on clients and churn out cookie-cutter projects.
8) Will I have access to all source codes developed by you after building my cryptocurrency?
This is an important question to ask before you proceed with the development of cryptocurrency because it gives you ownership of code that was built for your needs. You can then modify or build upon what has been built if needed. If access is not granted, check if there are specific security concerns that led them to make such a decision. This can help you understand their reasoning better. Of course, if they are offering you something in return for foregoing your right to access source codes, it is important that both parties are satisfied with trade-offs being made by both sides while agreeing on the same. For example, while paying less than the market price for development services, you could agree that whatever has been developed should only be used by your company and should not be replicated by other companies without prior permission from the original developing company.
9) How soon can I expect to see progress on my project?
If you’re in a hurry and want to get your product out ASAP, be sure to ask how soon you can expect results. The best developers will know that early communication is critical and will probably give you an answer along with an expected timeline for your project. If they avoid answering or seem vague about when you can expect progress, it might be time to start looking for another company. Don’t hire a crypto development company if they won’t work hard!
10) Have you started any other cryptocurrency projects to date?
You should ask any cryptocurrency development company in India or blockchain company before hiring them if they have previously started another cryptocurrency project. If they haven’t done any other project, then it might be risky for you to hire them because they don’t have any experience. So, you must check whether or not they are capable of doing your project or not. So, ask them about it in an interview so that you can understand their skills in detail and can decide if you want to hire them for your business projects.

If there is a need, will you scale up the team dedicated to me?

Yes. Being one of the top cryptocurrency development companies, we have a large team of experts. So, we provide this facility to our clients. We will scale up or down the dedicated team according to their needs.

How much will you take to complete my cryptocurrency development project?

Our cryptocurrency software development company offers customizable services. A primary platform takes about 1-4 weeks. The completion time will depend on the number and type of features you get in your Cryptocurrency development services.

Why should you go for cryptocurrency development?

It's all about the future! Now, we know that there is no use in discussing any technology in trend and stuff. So, what we're going to discuss here is the topic you must have already heard about because cryptocurrency development has recently gained a lot of attention, and why wouldn't it? It's an innovative way of making money and what's also good about it is that you can make huge money out of it!

Why hire a cryptocurrency development company in India?

With numerous cryptocurrencies and diverse tasks available, it is easy for a person to get confused when looking out for providers. A wise choice in such cases would be to look for cryptocurrency development companies in India. Such a company has the edge over others because of the following reasons:
- The company's experience with Blockchain technology and Cryptocurrency.
- The company provides the services necessary for the development of cryptocurrencies, including coding and testing.
- The company has expertise in designing different types of apps based on Blockchain technology.
- The company also offers compliance to regulatory requirements as well as KYC services.

How do you choose a cryptocurrency development company?

There are many cryptocurrency development companies in India, and it can be a daunting task to choose one. These are a few factors that you may wish to keep in mind while evaluating a company:
- The number of years the company has been in operations. This gives an idea about their level of competence and experience.
- Make sure that they have a dedicated team for cryptocurrency development. This is important to ensure timely delivery of the project, its quality, and meeting deadlines
- You should also check for their client base to understand the kind of projects they have worked on previously.
- The company should also provide you with an estimate of how much time it would take to complete your project.

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