Topic: Can you Please Guide me Which is the Right age to start Crypto Exchange Business - page 3. (Read 462 times)

the exchanger does not just trust the others because they have other interests that they want to say they are hacking but the company is in the same way as the bitlif lost my btw even with 2fa but lost the job inside

Thank you very much for your suggestion what exchanger is the best? because i'm planning to trade thank you

Start to find relationships in crypto, like experienced people. Please invest or trade in small quantities first. My advice is to find people who are experienced, and offer business to them. (search around your area)

Do you want to make the exchanger site? or do you just want to be a trader playing on the exchanger? if you want to make an exchanger, then all you have to do is form a team first to develop your project. then the funds needed to build your project. if everything is ready, anytime you can start it.

I know how I know through online business that you do not have any taboo but as you say beware of sites that will incur because there is a possibility that a person may be damned so double beware

i just ask my crypo for the right age. i do not know why, the quantity it joins

Actually, I have experienced a lot of business as I was investing in a company that was struggling with a lot of money when I lost my money. Just like those examples like money exchanges for example crypto. I did not know what to do learn how to run trades in different tokens so I'm here in this furom so I know how to know how to really grow my money .and thanks a lot for your comments

I do not think there is a certain age demand. Probably 18 is enough.
Do you believe you will do this? Because, today there are more than 500 exchange and competition is very strong. I have not seen any of them evolving despite the recently created dozens of exchange.

I don't think age has anything to do with business especially in this 21st century, once you have enough funds to start up a business, all you need to do is employ the appropriate manpower needed for the project. Though I would advise you have proper knowledge of the project you are going into to avoid being cheated, once you have this knowledge already and available funds, then you are good to go.

Crypto exchange business is a tough business that requires too many stuff. From development to features to graphics to design to marketing to security. People with millions of dollars invested into it with a huge team still could fail at it and they do, look at places like kraken and poloniex that used to be something but now failing horribly and they are huge business' that fail.

Hence, if you want to start your own exchange at a young age know that it is quite hard to break into that business and almost impossible to make profit while running it as a one man operation. You would need experts of all topics mentioned above and you  would need a lot of capital to do your own marketing as well. If you do not posses the capital and man power for any of that I would suggest not to bother with it.

I think it depends on the country, I mean whenever your age is legal to establish a legal company then that is the Right age. I don't believe in "too young to start a business", if you already have the technical skill then you are ready to go. The other skills like soft-skill, emotional, self-management and so on, you can learn while you run the business. If later you fail, it is just a delayed succeed you can learn from it.

if you have funds and also a team that is able to understand several aspects of trade and technology, don't waste time, right then you have to start with careful planning and the right targets

To start a crypto exchange business, you need more than personal age range. exchange business is a very difficult field, principally a crypto exchange business.

Although I don't start any business now, I think the first thing you need has a team to work together with you because it's impossible to work by yourself alone. You need to delegate to them, who will be in charge to be a person who will do marketing promotion, who will be responsible with the security of the website, and something like that. You need to determine what pair you want to use to trade, how the site it looks.

Do your research so you can understand how the exchange works, don't forget to make your exchange legal by contacting your lawyer or institution in your country so you can get protection from them. Determine how much money you want to use to build your exchange website and make a record for each expense that you spend so you can know how much money you still have. Besides money, you should know about the risk to build a website especially if you want to start an exchange website. The most important is you know how you can protect your customer aka traders that are trading in your exchange, so you need to hire someone to handle the security.

And when everything is set up, then I think you can ask some people to do a trading test in your exchange, and you can ask them to gives a review with the website so you can know where part you need to fix or maintain. By doing this, you can get a better result, and when the time is ready, you can announce to the public that your website is ready to start as a new exchange.

If you want to invest in crypto, then choose the potential, for example, buy a few coins that have been included in the top 10 on all exchanges, and monitor the ico that has the potential to succeed, because through that you can achieve multiple profits.

This is the main point that op needs to focus on. Firstly, the cryptocurrency exchange market itself has been suffering a lot lately thanks to hackers hacking exchanges regularly these days.

This has led to investors including myself selecting only the biggest and most secure and reliable exchanges(Binance, Bittrex etc) for trading at present which is why the lesser known exchanges are struggling to survive.

Think carefully op before starting a cryptocurrency exchange business(Especially in a bear market).

As long as you meet the legal age in the country you are registering the company, it should be fine. Bitcoin exchange business require huge capital for the trading interface, marketing and security. I suggest that you do some research on the upfront cost involved and plan your business accordingly. Good luck to your venture.

Most of the countries allows anyone to start business when they are 18+ so you can also do of your country have that kind if laws but in online business the age has no matters you can even start your sites anonymously but it may get suspicion among the people who are going to use the site.

Of course age matters here when it comes on legal aspect. There are certain rules that must be compelled and also incorporated in the Law. If there is no age standard then everyone even a teenage guy can do it. But of course it is always case to case basis. But in the world of decentralization, it is unrestricted but you must be in a country without jurisdiction and strict on crypto in launching a crypto exchange.

starting any kind of business is not something that is restricted by your age. you can start it at any age but it depends mainly on your skills, experience and willingness to fight for your business and endure all the ups and downs of staring a new business with lots of money involved and lots of losses initially and a lot of costs. it is not for everyone which is why not everyone is a successful business owner.

so if you see it in yourself to start a business in a market that already has similar businesses run by bigger players then go for it otherwise think about something else and save yourself the headache and money loss.