Topic: How to start a bitcoin exchange (Read 417 times)
The most important thing is information. If you don't have the knowledge, you lose in this job or in everything else and that's a good thing because you're trying to gain knowledge by asking us how to trade. If the market had been the old market, we could offer you nice tactics, but now it's not like before, and there is a problematic market. Whatever you do, no matter what analysis you do, can't help it not to get hurt. Chance is really an important factor for now. But i said "Now" 'cause the market will certainly be regular and good one day.
Hello,
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
Probably, you need a lot of money before you can do that, but I don't doubt that you don't have that. First, go find yourself a great team behind your project.
To open an exchange you will require a lot of funds and employees who will serve its needs.
It will require some partnership with KYC checking companies, AML policy compliance etc
In simple words, if you do not have any business experience and money, you will not be able to open it.
It will require some partnership with KYC checking companies, AML policy compliance etc
In simple words, if you do not have any business experience and money, you will not be able to open it.
Hello,
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
I'm interested in starting a bitcoin exchange and I need help.
= just get a coins what you can afford to buy, then choose the best and has a high volume exchange in the market
like Binance and Lbank.
What is cost involved in starting a exchange.
= As long as you comply their minimum requirements you can begin anytime you want.
Which is better to buy a withe label exchange or to develop my own.
= I think to develop my own is much better in my perception.
The ico route might actually not be the best way to raise funds for any sort of project considering all of crypto is in a bear market right now and investor confidence is extremely low in addition, but if you haven't got any funds to start a trading platform by yourself, it's definitely a possible way to go forwards. You'll need to raise a very large amount of funds, though, and unless you offer some features significantly better than those of other exchanges, then you likely won't get many users on your platform at first as well.
ow boy another wannabe that think he can become billionaire by starting his own BTC exchange. Why in earth does everyone think he can set up a BTC exchange and think they gonna make pockets full of money.
exchanges popping up is becoming as ridiculous as back a year ago when there launched 5 fresh ICO's every single day.
Instead of launching something that has been launched many times, just find something new and build that from scratch. People are waiting for new and innovative things they havent seen before and not on another BTC exchange.
exchanges popping up is becoming as ridiculous as back a year ago when there launched 5 fresh ICO's every single day.
Instead of launching something that has been launched many times, just find something new and build that from scratch. People are waiting for new and innovative things they havent seen before and not on another BTC exchange.
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
Normally, that is what people do, look at binance, do you think they had a single dollar to their name when they started ?What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
I mean of course they had to get some funding to secure funding for sure but considering they have 2 billion dollars of volume everyday (even at 0.05% trade fee that is about a million dollars a day, 365 million dollar operation to say the least before taxes) they did not had any money at all remotely close to building a company that big.
This is an exchange that basically had just a bit of money to promote and get themselves heard and used that effort and talent to just get funding, after the funding they became the biggest exchange in the world.
Anyone can try to do that, not like many will succeed, probably all who try will fail but at the end of the day one or two of them can became top 50 which is more money than many of us has ever seen, let alone a million a day, if I can profit 1 thousand dollars a day that is more money than I have ever made all of my life combined in a year (365 thousand dollars) so there is no point of not trying if you have the right tools and people with you.
well, of course this requires so much preparation. this is not something that can be started only by having $ 10k. well, even some companies need to make ICO to make bitcoin loggers. besides, there are many things that need to be considered such as defense, storage, systems, and people who are in it must have experience. well, and I think the system is not much different from the bank. this is not something that can be made only with desire.
If OP does not have millions of dollars to start but has a good platform, he can start with crowd funding, investors will look into the platform you offer and they buy shares through ICO if they are impress. Starting with your own money is really, unless you have something new to offer, but we are in the advance market where technology is highly appreciated, you should remember that. 
well, of course this requires so much preparation. this is not something that can be started only by having $ 10k. well, even some companies need to make ICO to make bitcoin loggers. besides, there are many things that need to be considered such as defense, storage, systems, and people who are in it must have experience. well, and I think the system is not much different from the bank. this is not something that can be made only with desire.
Most businessmen start from small, but your different, you beat them as you start from big.
Wow, did you consider your finances, and do you have an idea the capital requirement on running a big exchange?
I know you can't do it alone that's why you need some advise but to I guess you better be finding people who are good in crypto that you can talk in personal so they can offer some help, that if you are really serious.
Wow, did you consider your finances, and do you have an idea the capital requirement on running a big exchange?
I know you can't do it alone that's why you need some advise but to I guess you better be finding people who are good in crypto that you can talk in personal so they can offer some help, that if you are really serious.
Correct, at least people he really knows personally so that the chances of being successful multiplied. However, if you read between the lines, it seems that he is just throwing himself and will probably lose money in the business. He is seeking help from zero to ground up. Not a good trait specially if you're planning to create a big business like crypto currency exchange.
If only I can talk to CZ of Binance, I will ask on how he started his business to be this big now, I'd share it to OP of course since I don't have the capacity to start this kind of business in terms of financial.
To OP- make CZ your inspiration because he is the guy who started from From Zero To Crypto Billionaire In Under A Year according to.
https://www.forbes.com/sites/pamelaambler/2018/02/07/changpeng-zhao-binance-exchange-crypto-cryptocurrency/#2b2681031eee
He didn't start from zero. He was already very good at building trading systems and exchanges since he used to work for high frequency traders as a programmer. So he already had to right knowledge and resources (programmers earn a lot) to start Binance.
Most businessmen start from small, but your different, you beat them as you start from big.
Wow, did you consider your finances, and do you have an idea the capital requirement on running a big exchange?
I know you can't do it alone that's why you need some advise but to I guess you better be finding people who are good in crypto that you can talk in personal so they can offer some help, that if you are really serious.
Wow, did you consider your finances, and do you have an idea the capital requirement on running a big exchange?
I know you can't do it alone that's why you need some advise but to I guess you better be finding people who are good in crypto that you can talk in personal so they can offer some help, that if you are really serious.
That's correct which is small business that start from last year of 2017 I always see that binance is not the most #1 in coinmarketcap and starting of bitcoin the price is not bigger what we have now start in 0.01$ per bitcoin in the past.
Most businessmen start from small, but your different, you beat them as you start from big.
Wow, did you consider your finances, and do you have an idea the capital requirement on running a big exchange?
I know you can't do it alone that's why you need some advise but to I guess you better be finding people who are good in crypto that you can talk in personal so they can offer some help, that if you are really serious.
Wow, did you consider your finances, and do you have an idea the capital requirement on running a big exchange?
I know you can't do it alone that's why you need some advise but to I guess you better be finding people who are good in crypto that you can talk in personal so they can offer some help, that if you are really serious.
Correct, at least people he really knows personally so that the chances of being successful multiplied. However, if you read between the lines, it seems that he is just throwing himself and will probably lose money in the business. He is seeking help from zero to ground up. Not a good trait specially if you're planning to create a big business like crypto currency exchange.
If only I can talk to CZ of Binance, I will ask on how he started his business to be this big now, I'd share it to OP of course since I don't have the capacity to start this kind of business in terms of financial.
To OP- make CZ your inspiration because he is the guy who started from From Zero To Crypto Billionaire In Under A Year according to.
https://www.forbes.com/sites/pamelaambler/2018/02/07/changpeng-zhao-binance-exchange-crypto-cryptocurrency/#2b2681031eee
Most businessmen start from small, but your different, you beat them as you start from big.
Wow, did you consider your finances, and do you have an idea the capital requirement on running a big exchange?
I know you can't do it alone that's why you need some advise but to I guess you better be finding people who are good in crypto that you can talk in personal so they can offer some help, that if you are really serious.
Wow, did you consider your finances, and do you have an idea the capital requirement on running a big exchange?
I know you can't do it alone that's why you need some advise but to I guess you better be finding people who are good in crypto that you can talk in personal so they can offer some help, that if you are really serious.
Correct, at least people he really knows personally so that the chances of being successful multiplied. However, if you read between the lines, it seems that he is just throwing himself and will probably lose money in the business. He is seeking help from zero to ground up. Not a good trait specially if you're planning to create a big business like crypto currency exchange.
Most businessmen start from small, but your different, you beat them as you start from big.
Wow, did you consider your finances, and do you have an idea the capital requirement on running a big exchange?
I know you can't do it alone that's why you need some advise but to I guess you better be finding people who are good in crypto that you can talk in personal so they can offer some help, that if you are really serious.
Wow, did you consider your finances, and do you have an idea the capital requirement on running a big exchange?
I know you can't do it alone that's why you need some advise but to I guess you better be finding people who are good in crypto that you can talk in personal so they can offer some help, that if you are really serious.
Quote
If you don't have sufficient knowledge then its sad to tell that it would really be hard for you to start up an exchange
You can start any business no matter if you have not any knowledge. It's all matter to have the right connections in your circle and hiring the right people. Do you think Bill Gates knows enough to build something like he did? Nope. Even if you can't cook, you can still open a 3-star restaurant if you hire the right staff
Yes it is simple to start the exchange using Bitcoin the first process you need to buy some Bitcoin for your investment then holding for sometimes and exchange it to good site it will be the process that you need to follow but technically there are lots of tricks are available to get more income.
Quote
If you don't have sufficient knowledge then its sad to tell that it would really be hard for you to start up an exchange
You can start any business no matter if you have not any knowledge. It's all matter to have the right connections in your circle and hiring the right people. Do you think Bill Gates knows enough to build something like he did? Nope. Even if you can't cook, you can still open a 3-star restaurant if you hire the right staff
Hello,
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
Starting your own crypto exchange is not easy you need to have tech knowledge, do a lot of research and be careful when it come to team selection. With that been said, white label exchange is cool but you be careful either when you want to select one either to avoid the vulnerable of your exchange site and you could check out peatio.
If you can't decide between how to start than you probably should not. First of all it takes a lot of effort to start one and you need to know a bit of coding, in case you hire someone to build you one you are not sure how safe it is both from the developer who can build a backdoor to it and from outside hacking attempts.
If you buy or rent from somewhere else you are both not getting as much profit as you can and also not sure if the place you bought or rented from is either trying to steal or has weakness that could be used.
Basically, anything that you yourself do not develop will be risky and that is not acceptable, plus you need to have a lot of money to advertise it as well, look at all the tens of exchanges that basically has no capital for advertisements, they get buried under hundreds of places that advertise constantly.
If you buy or rent from somewhere else you are both not getting as much profit as you can and also not sure if the place you bought or rented from is either trying to steal or has weakness that could be used.
Basically, anything that you yourself do not develop will be risky and that is not acceptable, plus you need to have a lot of money to advertise it as well, look at all the tens of exchanges that basically has no capital for advertisements, they get buried under hundreds of places that advertise constantly.
contact me if you really are interested this, our company has a mature cryptocurrency exchange system for sell.
To make an exchange I think it's not just about money, you have to know the function and deep knowledge about exchange. In fact, I am sure that when you know the knowledge of how exchange works and how to make an exchange, then you can get rid of your money problems. You can find someone who has a lot of capital to build an exchange, provided you are obliged to convince him of your capacity or even your expertise to create an exchange.
Hello,
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
So, you plan to be the owner?I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
If you don't have sufficient knowledge then its sad to tell that it would really be hard for you to start up an exchange.Same as others said that exchangers
are quite profitable businesses but building and gaining reputation would be the hardest part.Lots of things to consider or simply it is complex.
Hello,
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
Do you have the budget or the time to have your own exchanges? It takes a lot of responsibility as you all know that exchanges are target of the hackers. If you don't have the technical skills then you have to hire someone to developed it. And then the problem just started, you need to get someone to be your support, it means 24x7 guys that are technically skills not just the usual bots or something. And then there's providing security as well. So there's a lot from behind, is all I'm saying, not just capital.
To development and running crypto exchange, you should be has professional team that understand how to create it, to promote and to make strong feature of security, because the big problem in crypto exchange is get hacked. Is not possible to manage exchange by yourself.
Boi, tell you what. If you're asking us here on how to start a bitcoin exchange, then chances are, you're not qualified and or knowledgeable enough to start one yourself.
Yes, exchanges are definitely good money when successful enough, but saying that starting and running an exchange is "difficult" is a huge understatement. Even the biggest exchange gets hacked.
Yes, exchanges are definitely good money when successful enough, but saying that starting and running an exchange is "difficult" is a huge understatement. Even the biggest exchange gets hacked.
Certainly interesting to know, but how come you are asking yourself that question. What is your background? Have you got any experience in that field? Are you aware of the safety features an exchange would need for it to work properly and not be run over by a smart hacker? Seems like you just ask this .. as it just popped up in your mind.
Hello,
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
Hello,
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
I'm interested in starting a bitcoin exchange and I need help.
What is cost involved in starting a exchange.
Which is better to buy a withe label exchange or to develop my own.
If a white label please refer me some.
Jump to: