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Topic: Creating a new exchange - page 2. (Read 2264 times)

sr. member
Activity: 375
Merit: 250
August 14, 2017, 10:15:34 AM
#25
Do you plan to create an exchanger for bitcoin to real world currency, or bitcoin to alt coins?
newbie
Activity: 14
Merit: 0
August 14, 2017, 10:10:36 AM
#24
IMO do we really need another exchange  Roll Eyes

In case of good conditions why not to have few more exchanges? Smiley

Can you name several issues with current exchanges or you are definitely satisfied with their perfomance? 
hero member
Activity: 910
Merit: 523
August 07, 2017, 06:42:41 AM
#23
I am creating a new bitcoin exchange where people can buy and sell bitcoin. The idea is a place where people can sell their bitcoin to other users and buy from other users.

What do you like in an exchange and what makes you choose one exchange over another?

I need advice and suggestions for things you would like to see in an exchange.

The first thing is, why people should trust your exchange? As there are some famous and reliable exchanges right now.
- you need to assure that people funds and coins are safe
- easy to deposit, fiat currency and bitcoin
- no problem regards withdrawal and
- people easily to contact your support, customer service.
sr. member
Activity: 490
Merit: 258
August 07, 2017, 05:05:26 AM
#22
I am creating a new bitcoin exchange where people can buy and sell bitcoin. The idea is a place where people can sell their bitcoin to other users and buy from other users.

What do you like in an exchange and what makes you choose one exchange over another?

I need advice and suggestions for things you would like to see in an exchange.

Most of the platforms that I have tried offers USD/Coins only. If you want your exchange to kick ass, try offering some other fiats such as YUAN/COINS, PHP/COINS, USD/COINS, EUR/COINS, and so on... I know that sounds very crazy but you were asking Ideas how to be different from the existing ones, right? With this concept you could attract investors to use your exchange as forex too.
newbie
Activity: 35
Merit: 0
August 06, 2017, 03:21:20 PM
#21
Maybe some years too late. There were many others with this idea. And some of them are open-sourced.
Google "exchange cryptocurrency github" and fork the code you like most. No need to "buy a script" (whatever that might mean).
sr. member
Activity: 434
Merit: 250
August 06, 2017, 11:56:30 AM
#20
I am creating a new bitcoin exchange where people can buy and sell bitcoin. The idea is a place where people can sell their bitcoin to other users and buy from other users.

What do you like in an exchange and what makes you choose one exchange over another?

I need advice and suggestions for things you would like to see in an exchange.

At present, there are many exchange platforms exist in the world, however, with the current speed of development of virtual currency, there is not any difficulty if you want to implement your ideas, I always advocate similar ideas.
member
Activity: 182
Merit: 10
August 06, 2017, 11:47:52 AM
#19
You have to invest in the layout. I think an exchanger with varying parity would be good for the market, parity with: XMR/LTC/DASH/Waves

The market needs new parity to make money circulate more.
newbie
Activity: 30
Merit: 0
July 28, 2017, 02:47:09 PM
#18
I'd reconsider if I were you. Creating a competitive exchange requires lots of money, knowledge and resources, and even then it'd just be another exchange. It's not like throwing up a website and calling it good, the backend infrastructure needs to be bullet-proof, among so many other considerations it's daunting to even think about. It's also a tonne of responsibility, are you ready for a potential swarm of angry people baying for your blood when things go tits up? I'm not trying to be negative, more of a reality check.

You say you're implementing a feedback system so people know which traders to trust, so your exchange does not follow the usual order book system? What features are you implementing that requires there to be an element of trust between traders?
newbie
Activity: 15
Merit: 0
July 28, 2017, 01:53:11 PM
#17
There are plenty fin. Instruments, not yet or only partially implemented: short selling, options, futures, warrants, etc.. And by options I mean no way these binary casino-like shit. Would be nice to see that.
hero member
Activity: 770
Merit: 500
July 27, 2017, 09:59:48 AM
#16
Nice to see a new exchange project. Is it like localbitcoins.com? I have a suggestion. When creating a exchange site, to get more visitors, you should do a lot of advertising through ad networks like mellowads , cointraffic etc. Also add all the coins what faucets are using like litecoin, Blackcoin, ether, primecoin etc with less fees so that you will get a lot of users that uses faucet sites.
newbie
Activity: 12
Merit: 0
July 27, 2017, 09:44:17 AM
#15
There are quite a few exchanges. It seems like the regulatory burden would keep most new exchanges from being developed unless you have a huge bankroll to get started.
full member
Activity: 462
Merit: 100
July 27, 2017, 08:11:50 AM
#14
Creating a simple exchange with basic features is easy. The important thing is its operation and security costs and  it requires very dedicated and skilled team people.
member
Activity: 182
Merit: 10
July 27, 2017, 07:29:10 AM
#13
The only way is to make a decentralized exchange, It has to be safe.
newbie
Activity: 39
Merit: 0
July 27, 2017, 03:52:31 AM
#12
It is really hard to make a new exchange successful, people get more and more paranoid nowadays. We had many hacks in the past, many exchanges have been closed. If you want to be really successful, you have to measure the market and add something to your exchange that is not available in others or "simply" make it better. Good luck with it!
newbie
Activity: 19
Merit: 0
July 27, 2017, 01:51:30 AM
#11
If users get more benefits from your exchange rather than others, so why not?
Just think over what makes your project special?
Maybe higher operations speed, better interface, guaranted safety, different bonuses for users? There're lots of things to attract both users and investors.
Good luck!  Wink
full member
Activity: 585
Merit: 100
July 27, 2017, 12:54:38 AM
#10
I am creating a new bitcoin exchange where people can buy and sell bitcoin. The idea is a place where people can sell their bitcoin to other users and buy from other users.

What do you like in an exchange and what makes you choose one exchange over another?

I need advice and suggestions for things you would like to see in an exchange.

This is not a new idea, there are many places to exchange bitcoin, nowadays, it has become so popular, so it is difficult for you to create new exchange and competition. Please make something new.
newbie
Activity: 4
Merit: 0
July 26, 2017, 10:23:44 PM
#9
IMO do we really need another exchange  Roll Eyes
newbie
Activity: 12
Merit: 0
July 26, 2017, 04:30:30 PM
#8
What you need?
Trust. People have to trust you/your company to deposit money / coins there.
Safety. You have to make sure people's money / coins are safe. Cold storage, insurance are things to think of.
Usability. Your exchange's usability has to be very good.
Coins. You have to get many coins, but each coin means wallet(s) eating up resources.
Fees. Your fees (exchange and withdrawal too) may have to be lower than the competition at least for the start, until you gain liquidity.
Liquidity. You have to invest and attract people with coins. If nobody has anything to sell/buy on the exchange, there's no reason to go there.

Quite a lot of work and money there. Much more than "having bought a script".

Hopefully  people will come to trust the exchange with time and positive feedback from the first time users, I'm implementing a feedback system where people can give feedback on each trader and they can know the reliable and trusted traders. I don't have any coins I just hope people are willing to trade there. My fees will definitely be lower than other exchanges.

Is this the best  place to find people who can test the exchange? And what is the best way to convince people with coins to trade there? I know it will take a lot of work and  I am willing to do the work.
legendary
Activity: 3668
Merit: 6382
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July 26, 2017, 05:09:54 AM
#7
What you need?
Trust. People have to trust you/your company to deposit money / coins there.
Safety. You have to make sure people's money / coins are safe. Cold storage, insurance are things to think of.
Usability. Your exchange's usability has to be very good.
Coins. You have to get many coins, but each coin means wallet(s) eating up resources.
Fees. Your fees (exchange and withdrawal too) may have to be lower than the competition at least for the start, until you gain liquidity.
Liquidity. You have to invest and attract people with coins. If nobody has anything to sell/buy on the exchange, there's no reason to go there.

Quite a lot of work and money there. Much more than "having bought a script".
full member
Activity: 236
Merit: 100
July 26, 2017, 05:03:59 AM
#6
Make a exchange in facebook messenger bot!!
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