Author

Topic: 0 (Read 161 times)

newbie
Activity: 20
Merit: 5
Nothing
0
May 25, 2020, 10:45:11 PM
#5
You have to be a business and you have to have employees working under you in order to really trust everyone. Me and bunch of my friends found a website that allowed you to use their code to create an exchange and they were getting some part of the fee, they actually asked a very low fee and whatever you put on it was your own decision. We looked at the code and it was solid but we didn't even trusted each other.

So, it is not easy to go into something as major as crypto exchange without being a big company, if you do it from home that is not going to be good at all. I also know a person (from telegram, not real life) who is partners in a big crypto exchange in our nation, it is not globally big, it is just a local exchange that helps you change your bitcoins to fiat to your bank account, so makes things easier. He talked about how paranoid he became because of security concerns. So all the making money part is second issue, biggest problem is security and it is very difficult.

Regarding the issue of trust and security, I think the white label crypto exchange solution should solve this problem. White label cryptocurrency exchange software is a ready-made platform that the provider (company) offers with all the primary features of a crypto trading platform. It has the core functions ready; the front-end can be easily customized to incorporate your brand logo and color theme.  They will customize your exchange according to your requirements, so I think from this aspect, trust and security issues can be solved to a great extent.
you can learn more here: https://medium.com/@whitelabelexchange/what-are-the-benefits-of-choosing-bytebulls-white-label-crypto-exchange-d01be13c50b1
newbie
Activity: 20
Merit: 5
Nothing
May 25, 2020, 10:34:19 PM
#4
Your formula is the basic income of an exchange, but now exchanges have more ways to make money, especially with top exchanges. They can collect fees from listing, IEO, Lending.

Yes, you are right. The formula in my article is basic. This is just one of the articles about exchanges that I want to share. I will share others later. In addition to the profit-making method you mentioned, I think market making is also one of the ways for the exchange to make money
legendary
Activity: 2926
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
May 25, 2020, 04:13:49 PM
#3
You have to be a business and you have to have employees working under you in order to really trust everyone. Me and bunch of my friends found a website that allowed you to use their code to create an exchange and they were getting some part of the fee, they actually asked a very low fee and whatever you put on it was your own decision. We looked at the code and it was solid but we didn't even trusted each other.

So, it is not easy to go into something as major as crypto exchange without being a big company, if you do it from home that is not going to be good at all. I also know a person (from telegram, not real life) who is partners in a big crypto exchange in our nation, it is not globally big, it is just a local exchange that helps you change your bitcoins to fiat to your bank account, so makes things easier. He talked about how paranoid he became because of security concerns. So all the making money part is second issue, biggest problem is security and it is very difficult.
full member
Activity: 438
Merit: 100
arcs-chain.com
May 25, 2020, 11:18:02 AM
#2
Your formula is the basic income of an exchange, but now exchanges have more ways to make money, especially with top exchanges. They can collect fees from listing, IEO, Lending.
newbie
Activity: 20
Merit: 5
Nothing
May 25, 2020, 08:08:23 AM
#1
0
Jump to: