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Topic: How to create an exchange like crypsy or bittrex? (Read 1789 times)

hero member
Activity: 2618
Merit: 548
SecureShift.io | Crypto-Exchange
These days creating a cryptocurrency exchange is simply a hard thing to achieve. Because, even the top listed altcoins exchanges were undergoing pressure situation due to the increased regulatory acts being imposed by different government authorities in their respective countries.
newbie
Activity: 46
Merit: 0
We are still looking for software to organize a cryptocurrency exchange (have a look at: https://bitcointalksearch.org/topic/looking-for-software-to-organize-a-cryptocurrency-exchange-2488439 )

And we will be very grateful for the advices and links!

 Roll Eyes Roll Eyes Roll Eyes
member
Activity: 392
Merit: 41
This text is irrelevant
You have two choices:
1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits

Good luck!

Where did those numbers came from?

They are close to the real.

Yes numbers seems legit, I just wonder where they came from?
newbie
Activity: 46
Merit: 0
You have two choices:
1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits

Good luck!

Where did those numbers came from?

They are close to the real.
member
Activity: 392
Merit: 41
This text is irrelevant
You have two choices:
1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits

Good luck!

Where did those numbers came from?
newbie
Activity: 46
Merit: 0
Now (and here) we only discuss about software Cool
member
Activity: 392
Merit: 41
This text is irrelevant
I talked to these guys at the Chicago conference: http://www.modulusglobal.com/

They mention a ~$20K package would do the trick. What's everybody else's assessment?

IMO You will probably pay 20k for consulting alone.

My assessment is much more depressing:

Half a million from the top of my head. Million is more likely if you starting with money alone (no office, no hardware, no lawyers, nothing but bank account). This money will last you ~6-10 month of developement. After that you will end up with maintenance cost of another 500k/year.

That includes hiring full time professionals (programmers, admins, security professionals), building and maintaining infrastructure etc.

newbie
Activity: 46
Merit: 0
We are considering all possible options, the main thing is that there is a correspondence to our wishes:  https://bitcointalksearch.org/topic/looking-for-software-to-organize-a-cryptocurrency-exchange-2488439
member
Activity: 392
Merit: 41
This text is irrelevant
You DO NOT want to make an exchange like Cryptsy Wink
newbie
Activity: 46
Merit: 0


We are looking for software to organize a cryptocurrency exchange (have a look at: https://bitcointalksearch.org/topic/looking-for-software-to-organize-a-cryptocurrency-exchange-2488439 )

And we will be very grateful for the advices and links!

 Roll Eyes Roll Eyes Roll Eyes


newbie
Activity: 41
Merit: 0
visit the links. fully functional and operational.

user: demo
password: 12345678
member
Activity: 70
Merit: 10
is there any software that can be bought,whats name?

if u're asking this, please dont ever make an exchange website, it aint for you
no,i will not make it,be sure:)
legendary
Activity: 1974
Merit: 1003
is there any software that can be bought,whats name?

if u're asking this, please dont ever make an exchange website, it aint for you
member
Activity: 70
Merit: 10
this looks interesting, is this safe?
i mean i will not make an exchange,but just for test purpoeses?
and is this used often?
member
Activity: 70
Merit: 10
If you were thinking of buying some software and installing the website, wallets, databases and transaction engines all on the same server, think again.

I can tell you that just the cost for DDOS and IDS/IDS protection for a financial web application start at upwards of $2,000 a month for one site. You need at least 2 sites that are geographically separated for disaster recovery. That doubles the cost to $4,000/month minimum just on protection. On top of that you still need to pay for the servers and software. 
`
you are right,therefore i dont wanna make an exchange,if i would i would hire programmers,but my knowledge is not enough
member
Activity: 70
Merit: 10
You have two choices:
1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits

Good luck!
what is alphapoint?
what skills do you recommend for programming? c++? i guess only this is needed in crypto?
member
Activity: 70
Merit: 10
I would advise against beginning an exchange without prior knowledge and education. If things don't work out it will become a disaster. We have seen it happen before, more than once...
i am thinking like you, therefore exchange is nothing for me.tnx for adive
hero member
Activity: 854
Merit: 503
Legendary trader
I would advise against beginning an exchange without prior knowledge and education. If things don't work out it will become a disaster. We have seen it happen before, more than once...
full member
Activity: 196
Merit: 100
The cheddar breed jealousy
I talked to these guys at the Chicago conference: http://www.modulusglobal.com/

They mention a ~$20K package would do the trick. What's everybody else's assessment?

Too cheap for an exchange that is going to be handling volume.
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