BitCoin Exchange | Bitcointalksearch.org

ningrum

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Activity: 1610

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The OGz Club

Quote from: Antoshka on March 14, 2017, 05:35:14 PM

Quote from: (altair) on March 14, 2017, 07:45:32 AM

Quote from: shamzblueworld on March 01, 2017, 04:07:36 AM

Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?

Bitcoin exchange is good for a profitable sideline. You invest to earn at an appropriate timeframe My experience has made my bitcoin exchange profitable in many ways.

But still do not forget about the dangers and risks. Still need to have experience of sharing and know when to do it better. I am also confident that it can be profitable

so we need to be careful too with the risks of bitcoin, because the bitcoin is not always beneficial for us, so we also need to see the progress and monitor it, so as not to be exposed to high risk.

mifanmuzny

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Activity: 294

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You can convert your alts into BTC in an exchange an cash it right away its that simple

poletando

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Activity: 364

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PlayGame.com

yes it will be a good business and a high income if your exchange is have many costumer, you can get some fee from each transaction, you need to know about the fee. dont to high and dont to low so you need to set the fee is in a good ones

mithon2017

member

Activity: 476

Merit: 10

Bitcoin exchange is great business. We know Bitcoin is the best currency of online Market. There are many ways to use it.. all the way, Bitcoin exchange one kind of. It is very profitable. If you can first guarantee trades found Will be protected with maxxiam be security Flow this bay attracting trades to ur exchange my so it is more important.

pinoyden

full member

Activity: 756

Merit: 102

Quote from: shamzblueworld on March 01, 2017, 04:07:36 AM

Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?

it depends on the country you are in. i suggest check the place first or do a quick survey, if you found out that more people are aware about bitcoins then you should go on with this business because it can be a good hit but if you think that less people are interested on bitcoins in your place then i think you should find another alternative business than this.

binting

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Activity: 210

Merit: 10

Quote from: OmegaStarScream on March 01, 2017, 04:19:15 AM

Exchanges makes profit from taking fees on transactions(deposit/withdrawal) and while exchanging from currency to another. I don't really understand how It's not going to be online though? If you mean something like LocalBitcoins and decentralized too then you won't be able to charge any fees in that case and still pay for the hosting of the website etc...

how bitcoin exchange will iwant to know how exchange a bitcoin

zombie6

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Activity: 438

Merit: 250

it is better to change from people who have a lot of bitcoins and they just need a fiat) without commission is obtained at all), but the amount should not be $ 100 Grin

Antoshka

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Activity: 270

Merit: 250

Quote from: (altair) on March 14, 2017, 07:45:32 AM

Quote from: shamzblueworld on March 01, 2017, 04:07:36 AM

Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?

Bitcoin exchange is good for a profitable sideline. You invest to earn at an appropriate timeframe My experience has made my bitcoin exchange profitable in many ways.

But still do not forget about the dangers and risks. Still need to have experience of sharing and know when to do it better. I am also confident that it can be profitable

markyminer

hero member

Activity: 532

Merit: 500

Quote from: Mirconome on March 05, 2017, 06:44:09 AM

Quote from: The_Dark_Knight on March 04, 2017, 10:27:37 PM

Quote from: pinkflower on March 04, 2017, 10:19:27 AM

Quote from: eternalgloom on March 03, 2017, 08:38:53 AM

Quote from: pinkflower on March 03, 2017, 03:43:53 AM

Quote from: Bibite on March 02, 2017, 09:24:48 AM

Making a local bitcoin exchange would need some serious studies about the viability of this kind of project. You can be a local exchanger but what would make people to use your service instead the giants that are already established ? Maybe a local payment solution related to your country but nowadays, you can buy and sell bitcoin with all the payments possible. I afraid the market is somehow "saturated" and or difficult to be in at least

In my opinion there would be no need for a local BTC exchange. BTC was designed to be open to everyone who wants to use it and it has the ability to operate outside of the law and instead it creates its own layer of payments that can cross borders. Why limit it by going local? Use it they way it should be. Borderless.

What are you talking about? Having local exchanges doesn't take anything away from the open nature of Bitcoin. It just gives ease of use to the people who use Bitcoin.

OP, what you're talking about is basically a Bitcoin ATM. I have no idea how much profit they gain, guess it depends on their location.
I'd like to see some usage statistics from people who own one though.

Of course it does. Why make your exchange local when BTC crosses borders in the first place? Why not make the exchange available on the internet for anyone from any country? Setting up a local exchange is counterintuitive.

It does not have to be counterintuitive, some people may not like to exchange their coins in a faceless international exchange by buying locally you could get to know exactly where the exchange is located and that diminishes the risk of getting scammed bu the exchange since you knew where were they located.

We dream about the mass use bitcoin, but as soon as more people start to use it, and these people tend to be not very educated in cryptocurrency then necessarily appear massive invasion of scams that will rob these people.

i think the number of bitcoin users are increasing continuously. although still the majority of people do no know about bitcoin but still the progres of bitcoin accept-er is too good.

Xester

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Activity: 994

Merit: 544

Quote from: Idrisu on March 08, 2017, 02:45:07 AM

Quote from: shamzblueworld on March 01, 2017, 04:07:36 AM

Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?

Good idea from my area few people know about bitcoin. Maybe by open a local exchange offline many people will come to know about bitcoin and others crypto currencies. I will still use this opportunity to ask this question. If a local exchange offline is open as a business who will one secured that kind of environment and what are the risk involved?.

Before any bitcoin local exchange shops will be opened in every streets a bitcoin in huge volumes will be bought by that company. And after which they will be distributing bitcoin tokens that is equivalent to the actual amount of bitcoins they have in storage. Those bitcoin tokens can be used in payment even without internet connection.

(altair)

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Activity: 308

Merit: 250

Quote from: shamzblueworld on March 01, 2017, 04:07:36 AM

Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?

Bitcoin exchange is good for a profitable sideline. You invest to earn at an appropriate timeframe My experience has made my bitcoin exchange profitable in many ways.

bravehearth0319

hero member

Activity: 1022

Merit: 500

Quote from: shamzblueworld on March 01, 2017, 04:07:36 AM

Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?

I don't have any experience to have my own bitcoin exchange, But I do agreed that bitcoin exchange would be profitable if you had something gimmick where other exchange don't have. And it if can give an assurance to all your traders to take care of their fund to your trading platform.

jpoker272727

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Activity: 1137

Merit: 1000

Quote from: shamzblueworld on March 01, 2017, 04:07:36 AM

Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?

The idea is good, but firstly you have to make sure if the local laws allow this, do they require any documents to register the business, then check for TAX, VAT etc.

Exchanging bitcoin locally is a good thing especially if you are located in a place where there are lots of people and the city is frequented by people all around the country.

I would charge at least 2-3% on each trade (buying or selling bitcoins) or maybe more depending on the monthly expenses for this service.

Babayega31

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Activity: 630

Merit: 500

Cryptocurrency Wallet - Denaro.io

This talks about bitcoin exchange particularly at online wallets transactions having good transactions with a fast services offered to the account holders. Actually having that advantages of this digital currency era is so amazing and bringing comfortable comfort zone to us, specially making bitcoin as a source of fiancial support from btc to fiat cash exchange. That's why we are now at the peak of our dreams that may bring prosperity for everyone of us who strongly believe in the power of bitcoin.

Macai

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Activity: 420

Merit: 100

If it pertains to bitcoin, then i would rather go to online system exchange rather going out there, why because people who use computers and internets are familiar with bitcoin.. While going out is an hazzle thing because you need to introduce to them what bitcoin is then again bring them to the system to inform them and orient hem about it... my opinion..

Qartersa

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Activity: 868

Merit: 535

Quote from: Idrisu on March 08, 2017, 02:45:07 AM

Quote from: shamzblueworld on March 01, 2017, 04:07:36 AM

Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?

Good idea from my area few people know about bitcoin. Maybe by open a local exchange offline many people will come to know about bitcoin and others crypto currencies. I will still use this opportunity to ask this question. If a local exchange offline is open as a business who will one secured that kind of environment and what are the risk involved?.

I don't think it will. It will not even affect the popularity of it nor will your friends and the people around that offline exchange gain knowledge of bitcoins. I really think advertising it or promoting bitcoins will really encourage people to use it. What will make people use it is if they have a genuine need to use it, like for gambling or investing online.

Idrisu

sr. member

Activity: 924

Merit: 260

Quote from: shamzblueworld on March 01, 2017, 04:07:36 AM

Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?

Good idea from my area few people know about bitcoin. Maybe by open a local exchange offline many people will come to know about bitcoin and others crypto currencies. I will still use this opportunity to ask this question. If a local exchange offline is open as a business who will one secured that kind of environment and what are the risk involved?.

ophyrim

sr. member

Activity: 994

Merit: 391

Quote from: shamzblueworld on March 01, 2017, 04:07:36 AM

Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?

I think before opening the exchange office the awareness of the people about bitcoin is very important. Otherwise, it is impossible to find someone to sell the bitcoin. But I believe in the future we are going to see bitcoin exchange offices on the streets.

praboso96

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Activity: 187

Merit: 100

Quote from: LeGaulois on March 05, 2017, 08:33:23 AM

Quote from: Mirconome on March 05, 2017, 06:44:09 AM

Quote from: The_Dark_Knight on March 04, 2017, 10:27:37 PM

Quote from: pinkflower on March 04, 2017, 10:19:27 AM

Quote from: eternalgloom on March 03, 2017, 08:38:53 AM

Quote from: pinkflower on March 03, 2017, 03:43:53 AM

Quote from: Bibite on March 02, 2017, 09:24:48 AM

Making a local bitcoin exchange would need some serious studies about the viability of this kind of project. You can be a local exchanger but what would make people to use your service instead the giants that are already established ? Maybe a local payment solution related to your country but nowadays, you can buy and sell bitcoin with all the payments possible. I afraid the market is somehow "saturated" and or difficult to be in at least

In my opinion there would be no need for a local BTC exchange. BTC was designed to be open to everyone who wants to use it and it has the ability to operate outside of the law and instead it creates its own layer of payments that can cross borders. Why limit it by going local? Use it they way it should be. Borderless.

What are you talking about? Having local exchanges doesn't take anything away from the open nature of Bitcoin. It just gives ease of use to the people who use Bitcoin.

OP, what you're talking about is basically a Bitcoin ATM. I have no idea how much profit they gain, guess it depends on their location.
I'd like to see some usage statistics from people who own one though.

Of course it does. Why make your exchange local when BTC crosses borders in the first place? Why not make the exchange available on the internet for anyone from any country? Setting up a local exchange is counterintuitive.

It does not have to be counterintuitive, some people may not like to exchange their coins in a faceless international exchange by buying locally you could get to know exactly where the exchange is located and that diminishes the risk of getting scammed bu the exchange since you knew where were they located.

We dream about the mass use bitcoin, but as soon as more people start to use it, and these people tend to be not very educated in cryptocurrency then necessarily appear massive invasion of scams that will rob these people.

The same can be say about any site using currencies like the dollar, the euro, ect... You can see scam coming out daily to fraud internet users. I am sure the number of scams using bitcoin is still very less compared to others currencies

I am also sure. Just cryptocurrency the total number of users is much smaller than the fiat currency users.
I often use heat exchangers, but I never cheated. I hope it will be so in the future

LeGaulois

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Activity: 2828

Merit: 4065

Top Crypto Casino

Quote from: Mirconome on March 05, 2017, 06:44:09 AM

Quote from: The_Dark_Knight on March 04, 2017, 10:27:37 PM

Quote from: pinkflower on March 04, 2017, 10:19:27 AM

Quote from: eternalgloom on March 03, 2017, 08:38:53 AM

Quote from: pinkflower on March 03, 2017, 03:43:53 AM

Quote from: Bibite on March 02, 2017, 09:24:48 AM

Making a local bitcoin exchange would need some serious studies about the viability of this kind of project. You can be a local exchanger but what would make people to use your service instead the giants that are already established ? Maybe a local payment solution related to your country but nowadays, you can buy and sell bitcoin with all the payments possible. I afraid the market is somehow "saturated" and or difficult to be in at least

In my opinion there would be no need for a local BTC exchange. BTC was designed to be open to everyone who wants to use it and it has the ability to operate outside of the law and instead it creates its own layer of payments that can cross borders. Why limit it by going local? Use it they way it should be. Borderless.

What are you talking about? Having local exchanges doesn't take anything away from the open nature of Bitcoin. It just gives ease of use to the people who use Bitcoin.

OP, what you're talking about is basically a Bitcoin ATM. I have no idea how much profit they gain, guess it depends on their location.
I'd like to see some usage statistics from people who own one though.

Of course it does. Why make your exchange local when BTC crosses borders in the first place? Why not make the exchange available on the internet for anyone from any country? Setting up a local exchange is counterintuitive.

It does not have to be counterintuitive, some people may not like to exchange their coins in a faceless international exchange by buying locally you could get to know exactly where the exchange is located and that diminishes the risk of getting scammed bu the exchange since you knew where were they located.

We dream about the mass use bitcoin, but as soon as more people start to use it, and these people tend to be not very educated in cryptocurrency then necessarily appear massive invasion of scams that will rob these people.

The same can be say about any site using currencies like the dollar, the euro, ect... You can see scam coming out daily to fraud internet users. I am sure the number of scams using bitcoin is still very less compared to others currencies

Topic: BitCoin Exchange (Read 3191 times)