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Topic: How do big exchanges get their bitcoin ? - page 2. (Read 1780 times)

newbie
Activity: 3
Merit: 0
November 16, 2014, 08:27:42 AM
#2
 Shocked
Well, your topic is well choosen and highly interesting. I myseld make thoughts about the way a exchange is working and if they are safe for the customer.
My personal target is not using BTC to use as money to pay or to send but to trade with BTC.
This deserves that the elected exchange must be safe.
What I want is the same you want, to make money with BTC because the raise in their price.
I think the problem is that the owner of the exchange don't want their customers inform too much about their organisation and their practise. Transparency is what we all need.
legendary
Activity: 1988
Merit: 1109
Free Free Palestine
November 16, 2014, 08:05:55 AM
#1
Hello,
I was wondering how do companies like bitpay, coinbase, circle get their bitcoins to sell to their customers.
What is the concept of Market maker and does it apply to such exchanges ?
If I were to open an exchange like coinjar or coins.pH in my country how will I be handling the bitcoin selling to customers. Where would i be buying the bitcoin from ?
Specially if sending money outside the country is only through expensive methods like western union who charge enormous fee and the project won't be viable.
I am expexcting more bitcoin outgoing then incoming so expcting to cover the sales from that won't be possible?

Please advice

Regards

Duke
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