Topic: How to create an exchange like crypsy or bittrex? (Read 1789 times)
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.
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!
And we will be very grateful for the advices and links!
You have two choices:
1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits
Good luck!
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?
You have two choices:
1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits
Good luck!
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.
You have two choices:
1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits
Good luck!
1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits
Good luck!
Where did those numbers came from?
Now (and here) we only discuss about software 
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?
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.
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
You DO NOT want to make an exchange like Cryptsy 
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!
visit the links. fully functional and operational.
user: demo
password: 12345678
user: demo
password: 12345678
I have found out the following topics that might be useful to you
https://bitcointalksearch.org/topic/will-create-exchangemarket-for-you-code-audited-ios-application-available-769454
https://bitcointalksearch.org/topic/sell-cryptsy-100-clone-php-830903
Hope you liked them
https://bitcointalksearch.org/topic/will-create-exchangemarket-for-you-code-audited-ios-application-available-769454
https://bitcointalksearch.org/topic/sell-cryptsy-100-clone-php-830903
Hope you liked them
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
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
this looks interesting, is this safe?
i mean i will not make an exchange,but just for test purpoeses?
and is this used often?
i mean i will not make an exchange,but just for test purpoeses?
and is this used often?
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.
`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
You have two choices:
1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits
Good luck!
what is alphapoint?1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits
Good luck!
what skills do you recommend for programming? c++? i guess only this is needed in crypto?
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 
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 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?
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.
If you buy the software, please note that whether is the original author leaving a backdoor?
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?
They mention a ~$20K package would do the trick. What's everybody else's assessment?
It's too much work or price for normal btc users. You may want to hire a team to do the job.
You have two choices:
1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits
Good luck!
1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits
Good luck!
+1 for that.
I'm thinking option 2 is viable for you OP.
You have two choices:
1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits
Good luck!
1) Become a world-class programmer
2) Pay Alphapoint $200k and 40% of your profits
Good luck!
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.
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.
if you dont have programming skills then having a web business involving holding currency should not be something you should choose. for thse reasons
1. you may lack the programming skills to audit the code to know if any backdoor exist
2. if there are bugs you may lack the skills to patch the holes
3. if you dont know how to program then your experience of running a internet server may also lack
4. you sound like someone with limited funding/experience. which is not good for running an exchange.
these days its best to have someone with proper financial experience, that doesnt want a cheap set-up purely to profit from as that is the neon signs of a mtgox scenario.
if you do manage to surprise everyone by being a well known person that has great experience in finance and programming and you are going to do it.. do not buy a piece of software off the shelf. you WILL need to employ someone to program AND maintain it. you will need atleast 3 servers to maintain a proper secure system and alot of bandwidth and guaranteed electric supply.
its not going to be a cheap $200 software package.. think $10k+
great answer, now exchange opening definitly fails in my head 1. you may lack the programming skills to audit the code to know if any backdoor exist
2. if there are bugs you may lack the skills to patch the holes
3. if you dont know how to program then your experience of running a internet server may also lack
4. you sound like someone with limited funding/experience. which is not good for running an exchange.
these days its best to have someone with proper financial experience, that doesnt want a cheap set-up purely to profit from as that is the neon signs of a mtgox scenario.
if you do manage to surprise everyone by being a well known person that has great experience in finance and programming and you are going to do it.. do not buy a piece of software off the shelf. you WILL need to employ someone to program AND maintain it. you will need atleast 3 servers to maintain a proper secure system and alot of bandwidth and guaranteed electric supply.
its not going to be a cheap $200 software package.. think $10k+
if you dont have programming skills then having a web business involving holding currency should not be something you should choose. for thse reasons
1. you may lack the programming skills to audit the code to know if any backdoor exist
2. if there are bugs you may lack the skills to patch the holes
3. if you dont know how to program then your experience of running a internet server may also lack
4. you sound like someone with limited funding/experience. which is not good for running an exchange.
these days its best to have someone with proper financial experience, that doesnt want a cheap set-up purely to profit from as that is the neon signs of a mtgox scenario.
if you do manage to surprise everyone by being a well known person that has great experience in finance and programming and you are going to do it.. do not buy a piece of software off the shelf. you WILL need to employ someone to program AND maintain it. you will need atleast 3 servers to maintain a proper secure system and alot of bandwidth and guaranteed electric supply.
its not going to be a cheap $200 software package.. think $10k+
1. you may lack the programming skills to audit the code to know if any backdoor exist
2. if there are bugs you may lack the skills to patch the holes
3. if you dont know how to program then your experience of running a internet server may also lack
4. you sound like someone with limited funding/experience. which is not good for running an exchange.
these days its best to have someone with proper financial experience, that doesnt want a cheap set-up purely to profit from as that is the neon signs of a mtgox scenario.
if you do manage to surprise everyone by being a well known person that has great experience in finance and programming and you are going to do it.. do not buy a piece of software off the shelf. you WILL need to employ someone to program AND maintain it. you will need atleast 3 servers to maintain a proper secure system and alot of bandwidth and guaranteed electric supply.
its not going to be a cheap $200 software package.. think $10k+
This.
An actual exchange that functions properly is going to be pricey...we're talking $10k off rip to just get started.
If you do not know how to program, add an additional $10,000 large.
if you dont have programming skills then having a web business involving holding currency should not be something you should choose. for thse reasons
1. you may lack the programming skills to audit the code to know if any backdoor exist
2. if there are bugs you may lack the skills to patch the holes
3. if you dont know how to program then your experience of running a internet server may also lack
4. you sound like someone with limited funding/experience. which is not good for running an exchange.
these days its best to have someone with proper financial experience, that doesnt want a cheap set-up purely to profit from as that is the neon signs of a mtgox scenario.
if you do manage to surprise everyone by being a well known person that has great experience in finance and programming and you are going to do it.. do not buy a piece of software off the shelf. you WILL need to employ someone to program AND maintain it. you will need atleast 3 servers to maintain a proper secure system and alot of bandwidth and guaranteed electric supply.
its not going to be a cheap $200 software package.. think $10k+
1. you may lack the programming skills to audit the code to know if any backdoor exist
2. if there are bugs you may lack the skills to patch the holes
3. if you dont know how to program then your experience of running a internet server may also lack
4. you sound like someone with limited funding/experience. which is not good for running an exchange.
these days its best to have someone with proper financial experience, that doesnt want a cheap set-up purely to profit from as that is the neon signs of a mtgox scenario.
if you do manage to surprise everyone by being a well known person that has great experience in finance and programming and you are going to do it.. do not buy a piece of software off the shelf. you WILL need to employ someone to program AND maintain it. you will need atleast 3 servers to maintain a proper secure system and alot of bandwidth and guaranteed electric supply.
its not going to be a cheap $200 software package.. think $10k+
Creating an exchange would set you back 10k in the least
is there any software that can be bought,whats name?
I don't know of any software I could name off the top of my head but if you have the skills or funds to pay for it I think custom software would be the best route to go. Well built proprietary software would be less vulnerable to hacks etc.
is there any software that can be bought,whats name?
I don't know of any software I could name off the top of my head but if you have the skills or funds to pay for it I think custom software would be the best route to go. Well built proprietary software would be less vulnerable to hacks etc.
is there any software that can be bought,whats name?
Jump to: