How to build a crypto exchange? | Bitcointalksearch.org

coinsclone

newbie

Activity: 189

Merit: 0

Quote from: thatkid1 on April 09, 2018, 07:06:09 AM

I know it is not easy to build a crypto exchange, But I was hearing about a lot of tools and 3rd party services that help us to build an exchange quickly rather than building everything by us. For eg, Instead of building an ordertbook and liquidity, we can use shared order book of an existing exchange like but thumb etc.

If anyone have an experience in building an exchange, can you share the challenges, short cuts etc. I'm asking this out of curiosity. I don't think I can be a millionaire by building a another binance or coinbase.

thanks.

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thatkid1

jr. member

Activity: 144

Merit: 4

Quote from: arunchain on April 10, 2018, 01:35:38 AM

Hello

To build a Crypto Exchange, you need to think about the security and using 3rd party api's and creating shortcuts will never provide you full security.
So, if you need to build an exchange, we need to keep in mind many aspects of building it and the best way to build an exchange with both Centralized and decentralized thing instead of going for decentralization only.

Rest, please ping me at:
Skype: mvteams1
Email: [email protected]
Telegram: @arunsachdeva
LinkedIn: https://www.linkedin.com/in/arunsachdeva/

Hope to hear from you soon.

Thanks and Regards

IDK, building each and every component in house is riskiest strategy in software development unless we have shit ton of money and long time to deliver the project. Do you really understand "full security"?

arunchain

copper member

Activity: 107

Merit: 0

Hello

To build a Crypto Exchange, you need to think about the security and using 3rd party api's and creating shortcuts will never provide you full security.
So, if you need to build an exchange, we need to keep in mind many aspects of building it and the best way to build an exchange with both Centralized and decentralized thing instead of going for decentralization only.

Rest, please ping me at:
Skype: mvteams1
Email: [email protected]
Telegram: @arunsachdeva
LinkedIn: https://www.linkedin.com/in/arunsachdeva/

Hope to hear from you soon.

Thanks and Regards

yupek

newbie

Activity: 134

Merit: 0

For example, crypto currency can use existing blockbuster platforms, for example, Ethereum, and then tokens will conform to the ERC-20 standard (hence, your wallet must support this standard). When the popular OMG ERC-20 token is released, as part of its promotions, its makers transfer some coins to everyone who owns the Ethereum wallet.

thatkid1

jr. member

Activity: 144

Merit: 4

Quote from: MrWatsonn on April 09, 2018, 04:24:22 PM

Why are so many people wanting to create exchanges and ICO's. It's getting silly now, i'm all for a better world and easier payment systems but it is getting silly. It seems everyone is trying to get rich quick without thinking too much and that's just not how things work!

Creating an ICO is too easy compared to building a fully functional exchange. But you are assuming a lot and that's not how things work.

MrWatsonn

newbie

Activity: 49

Merit: 0

Quote from: gentlemand on April 09, 2018, 04:30:45 PM

Quote from: MrWatsonn on April 09, 2018, 04:24:22 PM

It seems everyone is trying to get rich quick without thinking too much and that's just not how things work!

It certainly is how it works in cryptoland. That's the sole reason 95 or more per cent of people are here. Whether they manage it is another matter of course.

It's a shame because that's not what it was supposed to be about. I understand that if there is a chance to make money in this day and age then people will jump at it but I think people are starting to forget about the real reason these 'currencies' were created.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: MrWatsonn on April 09, 2018, 04:24:22 PM

It seems everyone is trying to get rich quick without thinking too much and that's just not how things work!

It certainly is how it works in cryptoland. That's the sole reason 95 or more per cent of people are here. Whether they manage it is another matter of course.

MrWatsonn

newbie

Activity: 49

Merit: 0

Why are so many people wanting to create exchanges and ICO's. It's getting silly now, i'm all for a better world and easier payment systems but it is getting silly. It seems everyone is trying to get rich quick without thinking too much and that's just not how things work!

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

I'm sure the average exchange operator found the technical development bit a piece of piss compared to dealing with customers, regulators, law enforcement and hackers.

If I were to build an exchange I'd just white label the software from elsewhere. But that is the really, really easy part.

AVAMONEY

full member

Activity: 406

Merit: 100

Before running a crypto exchanges , i think this some point should be noticed:
- Reliable capital and asset of the company
- Strong developer team behind it, to support backend and frontend user interface.
- Well managed by support/admin team
- Supported by a strong base server with high security

thatkid1

jr. member

Activity: 144

Merit: 4

Quote from: Mister1k on April 09, 2018, 10:13:00 AM

Quote from: thatkid1 on April 09, 2018, 10:00:52 AM

Quote from: bob123 on April 09, 2018, 07:39:31 AM

Running an exchange is not a brainless task.
You need a team of competent developer with security in mind building your backend from scratch.

Without a properly coded exchange you definetely will get burned.
This happened to quite a few shitty exchanges (e.g. bitgrail).

If you can't afford to pay a developer team to build a solid exchange, you better don't start one by your own.

I'm an average developer with typical web application development experience. I'm trying to understand how it works out of curiosity. I was reading the code an open source exchange project called peatio, but project is slightly outdated as they haven't updated for the last few years. I would love to learn by working for an exchange. But heard that work at crypto exchange is too stressful. I am happy with my laidback job

Please go through the cryptozombies.io here you will be able to find the answer for the smart contract projects and blockchain based website development. Then here in this section you may not find the developers more here.
So the right place to ask this query and get the perfect answer. You may write on the Project development and technical discussion section mate.

I moved the thread to Development & project discussion, hope I will find more answers here.

Mister1k

hero member

Activity: 896

Merit: 520

Quote from: thatkid1 on April 09, 2018, 10:00:52 AM

Quote from: bob123 on April 09, 2018, 07:39:31 AM

Running an exchange is not a brainless task.
You need a team of competent developer with security in mind building your backend from scratch.

Without a properly coded exchange you definetely will get burned.
This happened to quite a few shitty exchanges (e.g. bitgrail).

If you can't afford to pay a developer team to build a solid exchange, you better don't start one by your own.

I'm an average developer with typical web application development experience. I'm trying to understand how it works out of curiosity. I was reading the code an open source exchange project called peatio, but project is slightly outdated as they haven't updated for the last few years. I would love to learn by working for an exchange. But heard that work at crypto exchange is too stressful. I am happy with my laidback job

Please go through the cryptozombies.io here you will be able to find the answer for the smart contract projects and blockchain based website development. Then here in this section you may not find the developers more here.
So the right place to ask this query and get the perfect answer. You may write on the Project development and technical discussion section mate.

thatkid1

jr. member

Activity: 144

Merit: 4

Quote from: bob123 on April 09, 2018, 07:39:31 AM

Running an exchange is not a brainless task.
You need a team of competent developer with security in mind building your backend from scratch.

Without a properly coded exchange you definetely will get burned.
This happened to quite a few shitty exchanges (e.g. bitgrail).

If you can't afford to pay a developer team to build a solid exchange, you better don't start one by your own.

I'm an average developer with typical web application development experience. I'm trying to understand how it works out of curiosity. I was reading the code an open source exchange project called peatio, but project is slightly outdated as they haven't updated for the last few years. I would love to learn by working for an exchange. But heard that work at crypto exchange is too stressful. I am happy with my laidback job

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

The most issues of any exchanges are lacking of customer support and high-grade security for its users and don't forget the regulations and compliance requirements if where your exchange is based.
Some exchanges are forcibly closed by the government if you don't follow the country's KYC standards and integrate a proper customer verification procedures; Most Exchanges are criticized by lacking supports for its customers and will get a negative rating from their users once they get a bad experience; As well as security is the same level as the customers support so you have to implement a strong and secure environment to make the funds of your customer in safe. And lastly, how you will get the trust of the community to the exchange you will make, so you need a fund to market your service/s.

bob123

legendary

Activity: 1624

Merit: 2481

Running an exchange is not a brainless task.
You need a team of competent developer with security in mind building your backend from scratch.

Without a properly coded exchange you definetely will get burned.
This happened to quite a few shitty exchanges (e.g. bitgrail).

If you can't afford to pay a developer team to build a solid exchange, you better don't start one by your own.

thatkid1

jr. member

Activity: 144

Merit: 4

I know it is not easy to build a crypto exchange, But I was hearing about a lot of tools and 3rd party services that help us to build an exchange quickly rather than building everything by us. For eg, Instead of building an ordertbook and liquidity, we can use shared order book of an existing exchange like but thumb etc.

If anyone have an experience in building an exchange, can you share the challenges, short cuts etc. I'm asking this out of curiosity. I don't think I can be a millionaire by building a another binance or coinbase.

thanks.

Topic: How to build a crypto exchange? (Read 220 times)