Topic: I am Planning to make my own Exchange (Read 3631 times)
its actually depend on government of respective country where you going to open a office,you have to full fill their crypto or money regulation criteria to order to set up a exchange.then you should have a great idea and good interface which will attract users to use your website rather than other exchanges,then comes the most important thing i.e security as we have already seen many hacking attempts happening so security of funds is very important.now comes the fees that you going to charge ,it also affect greatly for big holders.
i also think that exchanges is a kind of complicated businesses, but for the development you can use https://github.com/peatio/peatio, this is a secure relization of crupto currency exchange
Yes absolutely right. Paetio can get you going very fast, however you need to understand the security implications.
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I think more in legal issues to be prepared rather than technical issue, if fiat exchange should need government permit for physic exchange. I believe for virtual exchange should need it for business sustainability. I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
are you planning on basing it in the u.s? if so theres going to be a lot of legal hurdles youll have to overcome especially if your gonna deal with USD
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
Here is an exchange ICO I like because they are doing something new with arbitrage trading and their focus is to bring in the masses.
https://bitcointalksearch.org/topic/m.31823480
Hopefully I find something.
Ill definitley use that for my own coin.
My coin exchange will have NO FEES at all!
So people can exchange freely.
[/quote]
That would be great for those who can't afford any bitcoin or other crypto with fees. But it would need a lot of preparations for that sir, And it will need a good advertisement as well so that it would properly dessiminated to people with proper informations.
That's a great dream, I have the same purpose. Its easy to make an exchanger but the most difficult things to do are making people to use our exchanger. We have to be unique, easy for user and innovative. If not then they won't use our exchanger.
Currently that is not the best idea... There are a number of serious players on this arena...Then exchange need to be techniqally perfect - and it requires lots of money, effort and today you need a unique idea; there are a lot working exchanges and they don't need a substitute I think.
I think you build your rep with smaller projects and then jump into something like that man. Just my 2 cents.
I have the same intention as you. We need to build concept and the value itself, why peoples should use our exchange, we need to think about them really hard. Because there are so many exchange option out there and if we can't give the value, we won't succeeded.
This is called SWOT (Strengths, weeknesses, opportunities and threats) analysis.
I have the same intention as you. We need to build concept and the value itself, why peoples should use our exchange, we need to think about them really hard. Because there are so many exchange option out there and if we can't give the value, we won't succeeded.
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
Can you please give me informtion about that, because you haved a planned before you exchange and its long time to having changes and having planned before you do, because i believe that think before you click. I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
You obviously need a selling proposition. Why should I choose your exchange over any other exchange? Would love to hear what you have in mind.
The most important things is you need to have a lot of money to make an exchange or you able to earn them by crowdfunding. And you have to prepare the experienced developer, marketing team and advisors. You need to have a good concept to attract people to exchange in your exchanger.
Hello Gayatri,
How are you doing?
in telegram contact me @tradebcn
I'm ready to assist you in your requirement. PM me discuss.
- Gayathri
How are you doing?
in telegram contact me @tradebcn
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I'm ready to assist you in your requirement. PM me discuss.
- Gayathri
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I'm ready to assist you in your requirement. PM me discuss.
- Gayathri
Hi,
I can advise you with the right software to start your exchange
I can advise you with the right software to start your exchange
you NEED A partnership
plan of exchange
good security
good roadmap and whitepaper for your EXCHANGE
and many more
search more to be successfull exchange
plan of exchange
good security
good roadmap and whitepaper for your EXCHANGE
and many more
search more to be successfull exchange
I would suggest you could become partner for under development team or promote and invest and get safe return..
Wow, big time huh,I salute you sir and wish for you success. I know it will take a lot of money to do so... If you can and able... why not... I support your endeavor.
It does require a lot of efforts and money to build a exchange provided it a genuine one and security is the top most priority and taken care of. Also building an exchange at this juncture is a huge risk too as already many established and well known exchange in the market do exists from years now. So it will be difficult for people to move to any other exchange unless they are facing some real big time trouble.
I am making an exchange myself but it is slightly different.
Some ideas are taken from etherdelta and some are mine.
It is not a BTC to Fiat exchange of sort because that would require lot of back office stuff.
Mine one is P2P exchange and no funds are held in my wallet at any given time.
All my wallet gets is just the commission from the P2P trades.
Still there is a lot of scope for improvement as the Crypto world moves along but for as of now I am bit satisfied.
Some ideas are taken from etherdelta and some are mine.
It is not a BTC to Fiat exchange of sort because that would require lot of back office stuff.
Mine one is P2P exchange and no funds are held in my wallet at any given time.
All my wallet gets is just the commission from the P2P trades.
Still there is a lot of scope for improvement as the Crypto world moves along but for as of now I am bit satisfied.
Maybe a good idea from my point of view is to join a open source exchange project like openledger.
There you can learn a lot and support the community, which could also follow you later on.
I wish you good luck!
There you can learn a lot and support the community, which could also follow you later on.
I wish you good luck!
Buddy, this requires a lot of capital. It is not just a system that charges fee per transaction. You and your members must be insured against hacking attacks.
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I guess that one of the most convenient services for exchanging coins is that one which is fast and has best rate.
I discovered coinmonkey.io - it's a sort of exchanger which gets rates from major exchanges and you may choose what rate to use for exchage transaction.
And there is no registration needed, I don't even write e-mail for exchange!
you need a unique offer for your customers. Maybe a stylish user-friendly design, 24-h support, big amount of currencies, low fees, fast exchange
For so many Altcoin exchange existing today I'm sure you will struggle to compete with them if your budget is short/lacking and maybe for your own good you need to brought up some millions of $ in budget so that you can battle them up interms of traffic making.
But good luck for your plans and making it is good but you should make sure that you don't have a plan to scam your traders since it's very awful act to see and many scam exchangers do that before.
But good luck for your plans and making it is good but you should make sure that you don't have a plan to scam your traders since it's very awful act to see and many scam exchangers do that before.
A lot of great advice in this thread, i feel a lot of what i'd research has already been said here.
I'd encourage you to control your Troll Box, it's really a window into the users of an exchange...yobit trollbox/coinexchange trollbox brings on some lols (at least coinexchange one seems admin'd but too many scrubs spamming in there still).
I'd encourage you to control your Troll Box, it's really a window into the users of an exchange...yobit trollbox/coinexchange trollbox brings on some lols (at least coinexchange one seems admin'd but too many scrubs spamming in there still).
I think that first of all you must care about your exchange trust level. If you will develop it with Smart Contract - make contract's code public, think about escrow and talk to people who is reputable and can become an advisor at your product.
That's the basics. You can do your own research on the project's developed already and conduct your SWAT analysis in compare with them
That's the basics. You can do your own research on the project's developed already and conduct your SWAT analysis in compare with them
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
You should know your own reason why you have to start making your own exchange. It's just for business? You have seen a lot of opportunity? crypto is your fashion? There's a need to establish that in your place/country?I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
Will you be able to compete those big exchanges out there? These are the very few questions that came into my mind about making your own exchange. And with the legalities about building that business, it depends if your country isn't that exposing that much about crypto's it's your choice to register but as a business entity, you should have register it.
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
Fist of all you need to convince us that you have what it takes to own one and what problem aew you trying to solve .. You know we human .. We are more particular about charges .. Its what is making us run away from bank .. It's overlooked in crypto sureency as a result of compouding interest of the value ... So in essesne who are your target customer .. What do you wanna offer us and lots of requirement like that is what you should first consider before even thinking of legal backing... Good luck... I hope this ma analysis help you.. Thanka
Hi! Let me ask you all these questions in relation to your plan of making your own exchange:
1) What exchange are you planning to do?
2) What is your goal in doing so?
3) What hardware or software do you plan to use?
4) How much money are you willing to pour in as your initial investment?
You have to let me know your answers so I can better well help you with your concerns.
But I bet you would need so much fiat to make this happen. Good luck!
1) What exchange are you planning to do?
2) What is your goal in doing so?
3) What hardware or software do you plan to use?
4) How much money are you willing to pour in as your initial investment?
You have to let me know your answers so I can better well help you with your concerns.
But I bet you would need so much fiat to make this happen. Good luck!
It is possible as long as you have capital or money. This kind of business is not easy it has more complication. Before you can establish this business be more practical you must have plan first. It also depend on the country you will create this kind of business. It is important to know the culture, tradition, kind of person you are dealing with kind of society and most of all the law. Do some background research so that you have a plan and you can be successful because we all know that converting money is in daily basis it means everyday convert to a certain currency is different. You must think several time before you decide.
i think difficult ; Creating a site for exchange is not like other regular sites
Requires a team that has some experience In the field of exchange and wallets . And requires strong protection of user funds
Requires a team that has some experience In the field of exchange and wallets . And requires strong protection of user funds
First, consider these points
-What structure best for scalability and performance . (i.n. distributed or undistributed, how it works..etc in very detail)
-How to ensure the security of the exchange (mechanisms, algorithms..etc, in very detail).
-which programming languages to use for each part of the website(front end, backed and matching engine)
-recommend wallets or node clients most ideal for sending/receiving funds.( BTC, Bitcoin cash, LTC, ETH, ETC, Monero, DASH etc..)
-recommend useful JavaScript/php frameworks or libraries for the front-end(for such as price chart)
-anything good for building exchange...
-how many servers do you need to running this project smoothly
-What structure best for scalability and performance . (i.n. distributed or undistributed, how it works..etc in very detail)
-How to ensure the security of the exchange (mechanisms, algorithms..etc, in very detail).
-which programming languages to use for each part of the website(front end, backed and matching engine)
-recommend wallets or node clients most ideal for sending/receiving funds.( BTC, Bitcoin cash, LTC, ETH, ETC, Monero, DASH etc..)
-recommend useful JavaScript/php frameworks or libraries for the front-end(for such as price chart)
-anything good for building exchange...
-how many servers do you need to running this project smoothly
I think you need to do some research to make sure that you can make a better one than the exist ones. If so, then just do it.
I think that kind of idea is to difficult to start your own exchange you have to follow rules step by step and required all the requirements to be needed and foremost the trust of your target client,if you really pursue your goal try franchise a name of exchange maybe it works.
Wow, big time huh,I salute you sir and wish for you success. I know it will take a lot of money to do so... If you can and able... why not... I support your endeavor.
If you trying to setup in Canada, you should better register your company and have conversation with attorney to figure out all the legal issues and disclaimers around the crypto exchange. You can follow up and review the working of https://poloniex.com.
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
You must first tell us your location before we can give you the right advice, because as you probably already know, every country has different laws regarding exchanges and some of our advice may not work or be effective for you, especially if the country in which you live has strict laws when it comes to such money market platform. But of course, this will depend on what kind of exchange you want to create. Do you want your exchange to be decentralized or centralized?
Best of luck - remember - the first guy who built a canoe probably looked crazy to all his friends. Now, canoes are everywhere!
in my country is full of canoes, so full that I get headaches, and you know why I have headaches? because the people of my country build canoes for years and do not think of creating something more evolved, something like modern boats.
Lol, yeah - that's why innovators are hugely important to the success of a country. I think the interesting thing with Bitcoin is that you don't need to consider the country anymore - you can build a borderless organisation with people who are just as innovative as you.
Best of luck - remember - the first guy who built a canoe probably looked crazy to all his friends. Now, canoes are everywhere!
in my country is full of canoes, so full that I get headaches, and you know why I have headaches? because the people of my country build canoes for years and do not think of creating something more evolved, something like modern boats.
like @vod said, you need to win people's trust, but since you also said that you are still planning and from what I realized, it will not be so soon that your exchange will be launched so you have a lot of time to gain people's confidence and on that point "conquering people's confidence" I will suggest the following:
step one: you should create physical office
Step two: You must introduce yourself with your real name
do this, your exchange will be very successful
You need strong legal structure with a strict Anti money laundering and know your customer policy.
Best of luck - remember - the first guy who built a canoe probably looked crazy to all his friends. Now, canoes are everywhere!
Obviously. You have made a great initiative for earning the profit, day by day this virtual exchange system is getting popular and acceptable whole around the world. but it doesn't an easy task. at first, you have to take a good review and estimate of this project. then you have to make a proper budget that will help you to make understanding about that type of project. you have to create a good team because without teamwork you must face huge difficulties. In order to create an exchange site, you need to learn a lot of things and build an expert team. Anyway Best of Luck.
Take all the money you have and put it in a multi key trust as insurance with somebody other people trust.
Now roll your exchange, slowly incrementing the insurance limit.
Grow it naturally, through superior customer experience since you can't compete on latency and features unless you have specialty features.
Expect to get robbed:
http://homakov.blogspot.ca/2015/01/bitstamp-problem-and-warm-wallets.html
https://sakurity.com/blog/2015/01/10/hacking-bitcoin-exchanger.html
https://medium.com/@homakov/introducing-failsafe-network-ea47ab476fe6
Take some basic security courses from CMU
http://www.cs.cmu.edu/~15122/schedule.shtml - programming with contracts
https://cmu-15-316.github.io/ - verifying programs/building failsafes
Now roll your exchange, slowly incrementing the insurance limit.
Grow it naturally, through superior customer experience since you can't compete on latency and features unless you have specialty features.
Expect to get robbed:
http://homakov.blogspot.ca/2015/01/bitstamp-problem-and-warm-wallets.html
https://sakurity.com/blog/2015/01/10/hacking-bitcoin-exchanger.html
https://medium.com/@homakov/introducing-failsafe-network-ea47ab476fe6
Take some basic security courses from CMU
http://www.cs.cmu.edu/~15122/schedule.shtml - programming with contracts
https://cmu-15-316.github.io/ - verifying programs/building failsafes
Build an exchange isn't for layman, you need a team and huge funds for it, as long as an exchange deal with banks and fiat currency; legal documents are required. AML and KYC policies are slightly different in every country, there's a certain amount refers to withdraw limit and even customers have to send their id and selfie photos to fulfill KYC regulation.
Index of the Indonesia stock Exchange too, fell. ... I myself asked SWA magazine to write ..
nice idea!
An exchange that supports buy and sell between btc and your own currency will really work. We have a local exchange here that is very popular because we can exchange directly our btc to cash and the best part is it always update it's price every minute when prices move.
Even thought the idea of making an exchange is really interesting, I believe there is a lot of legal work to be done, you would need to hire specialized lawyers to run such operations.
Totally agree. Apart from a lot of responsibility, it's about determination, lots of it.
Even thought the idea of making an exchange is really interesting, I believe there is a lot of legal work to be done, you would need to hire specialized lawyers to run such operations.
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
Of course you need legal papers unless you want to get arrested. You just need the right persons to build it and a huge capital.
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
And you may get arrested for running an exchange in your country! first you should know that it is allowed to run and deal in Bitcoins in your country then I suggest you to take any of the steps for making it.
Yes you should have legal documents in order to make any kind of exchange.
By the way, Are you going to run a Bitcoins exchange? Or some altcoin? Then you have to put some money in your exchange first.
One of the weakest points in all Crypto currencies are the exchanges and their weak security and compromised code for the
software they use. Every time a exchange gets hacked, the Bitcoin price goes down. This has nothing to do with Bitcoin, but
rather exploits in third party software. A lot of people do not know the difference and they blame the technology. Your first
step would be to find developers you can trust and someone that can audit their code. {to prevent them from creating
backdoors in the software they created for you}
Good suggestion this thing should really be prioritize first because if we do just hire someone randomly it might really put the risk on making some hidden agenda later on.Security is one of the most important matter on creating an exchange and as being said if theres a hacking incident prices would really be mainly affected and if you do plan without any single knowledge on exchange will really be a tough investment for you since there are lots of things to be considered first.software they use. Every time a exchange gets hacked, the Bitcoin price goes down. This has nothing to do with Bitcoin, but
rather exploits in third party software. A lot of people do not know the difference and they blame the technology. Your first
step would be to find developers you can trust and someone that can audit their code. {to prevent them from creating
backdoors in the software they created for you}
Yes that's right and also he should provide a good promotion or maybe he should sent a huge amount for escrow on few months of running so that people could determine and see that his intention is not to scam people. And a good media promotion will be helpful for him to became known and he really need that since he's plan exchanger is new.
you mean exchange site 
prefer to use paxful.com or localbitcoin and make your own rules
prefer to use paxful.com or localbitcoin and make your own rules
You should have $ 1000 000 to start this business. elsewhere you need more yhan 20 years to earn interesting sums of money on it
Yes, you should build trust in order to succeed as an exchange. But I suppose it will take an awful lot of time to integrate all the popular payment proceessings: banks, visa, master, union pay, jcb, skrill, neteller, and cryptocurrencies as well. If you integrate them as well as exchange functioning then it would be magnificent exchange
One of the weakest points in all Crypto currencies are the exchanges and their weak security and compromised code for the
software they use. Every time a exchange gets hacked, the Bitcoin price goes down. This has nothing to do with Bitcoin, but
rather exploits in third party software. A lot of people do not know the difference and they blame the technology. Your first
step would be to find developers you can trust and someone that can audit their code. {to prevent them from creating
backdoors in the software they created for you}
Good suggestion this thing should really be prioritize first because if we do just hire someone randomly it might really put the risk on making some hidden agenda later on.Security is one of the most important matter on creating an exchange and as being said if theres a hacking incident prices would really be mainly affected and if you do plan without any single knowledge on exchange will really be a tough investment for you since there are lots of things to be considered first.software they use. Every time a exchange gets hacked, the Bitcoin price goes down. This has nothing to do with Bitcoin, but
rather exploits in third party software. A lot of people do not know the difference and they blame the technology. Your first
step would be to find developers you can trust and someone that can audit their code. {to prevent them from creating
backdoors in the software they created for you}
Yes that's right and also he should provide a good promotion or maybe he should sent a huge amount for escrow on few months of running so that people could determine and see that his intention is not to scam people. And a good media promotion will be helpful for him to became known and he really need that since he's plan exchanger is new.
One of the weakest points in all Crypto currencies are the exchanges and their weak security and compromised code for the
software they use. Every time a exchange gets hacked, the Bitcoin price goes down. This has nothing to do with Bitcoin, but
rather exploits in third party software. A lot of people do not know the difference and they blame the technology. Your first
step would be to find developers you can trust and someone that can audit their code. {to prevent them from creating
backdoors in the software they created for you}
Good suggestion this thing should really be prioritize first because if we do just hire someone randomly it might really put the risk on making some hidden agenda later on.Security is one of the most important matter on creating an exchange and as being said if theres a hacking incident prices would really be mainly affected and if you do plan without any single knowledge on exchange will really be a tough investment for you since there are lots of things to be considered first.software they use. Every time a exchange gets hacked, the Bitcoin price goes down. This has nothing to do with Bitcoin, but
rather exploits in third party software. A lot of people do not know the difference and they blame the technology. Your first
step would be to find developers you can trust and someone that can audit their code. {to prevent them from creating
backdoors in the software they created for you}
One of the weakest points in all Crypto currencies are the exchanges and their weak security and compromised code for the
software they use. Every time a exchange gets hacked, the Bitcoin price goes down. This has nothing to do with Bitcoin, but
rather exploits in third party software. A lot of people do not know the difference and they blame the technology. Your first
step would be to find developers you can trust and someone that can audit their code. {to prevent them from creating
backdoors in the software they created for you}
Good suggestion this thing should really be prioritize first because if we do just hire someone randomly it might really put the risk on making some hidden agenda later on.Security is one of the most important matter on creating an exchange and as being said if theres a hacking incident prices would really be mainly affected and if you do plan without any single knowledge on exchange will really be a tough investment for you since there are lots of things to be considered first. software they use. Every time a exchange gets hacked, the Bitcoin price goes down. This has nothing to do with Bitcoin, but
rather exploits in third party software. A lot of people do not know the difference and they blame the technology. Your first
step would be to find developers you can trust and someone that can audit their code. {to prevent them from creating
backdoors in the software they created for you}
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
Good luck in the states. The SEC is coming down hard on this stuff. Also, with any type of site, security will be your number 1 issue. You don't want to be anything like mt gox or the likes. Right now I think coinbase is doing it right in terms of security. Kraken handles it well but as for advice, go see what everyone else is doing and see if you can make it different.
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
First check whether it is legal or not to set up a cryptocurrency exchange in your country. We have a recent example of China, wherein government has banned most popular exchanges. I would suggest you to hire a local legal expert for corporate affairs and fulfill the legal requirements before starting the exchange to avoid future consequences.
Need big capital if you really want to seriously make a good exchange, and also need reliable team developers.
Maybe needed legitimate document for your exchange activity.
More important from exchange is security and fastest loading site.
Maybe needed legitimate document for your exchange activity.
More important from exchange is security and fastest loading site.
With Atomic swaps doesn't that change the landscape of exchanges?
One of the weakest points in all Crypto currencies are the exchanges and their weak security and compromised code for the
software they use. Every time a exchange gets hacked, the Bitcoin price goes down. This has nothing to do with Bitcoin, but
rather exploits in third party software. A lot of people do not know the difference and they blame the technology. Your first
step would be to find developers you can trust and someone that can audit their code. {to prevent them from creating
backdoors in the software they created for you}
software they use. Every time a exchange gets hacked, the Bitcoin price goes down. This has nothing to do with Bitcoin, but
rather exploits in third party software. A lot of people do not know the difference and they blame the technology. Your first
step would be to find developers you can trust and someone that can audit their code. {to prevent them from creating
backdoors in the software they created for you}
Depend on, where do you live? Some countries have different regulations about this obviously.
How much money you have to make an exchange? Do you know how to develop it?
If you want to start an ICO in order to collect funds, what is the difference with another project with the same idea?
There's a lots of countries with bitcoin exchange and I was agreed with error08 said that in different nation there are different regulations so how can you handle that? because it's hard for you to create a new ICO's to provide the funds that you need in exchange business. How much money you have to make an exchange? Do you know how to develop it?
If you want to start an ICO in order to collect funds, what is the difference with another project with the same idea?
I would be very careful regarding regulation, proper legal advice would definitely be recommended.
Most governments are cracking down on unregulated exchanges and the penalties could be very severe depending on how little steps you have taken to ensure yours is legitimate.
Best of luck.
Most governments are cracking down on unregulated exchanges and the penalties could be very severe depending on how little steps you have taken to ensure yours is legitimate.
Best of luck.
If you make your own exchange i can buy your codes and i can create my own local exchange too. please PM me if you finish it.
Depend on, where do you live? Some countries have different regulations about this obviously.
How much money you have to make an exchange? Do you know how to develop it?
If you want to start an ICO in order to collect funds, what is the difference with another project with the same idea?
How much money you have to make an exchange? Do you know how to develop it?
If you want to start an ICO in order to collect funds, what is the difference with another project with the same idea?
Apart from getting good developer, marketing team, you also need lawyers to be sure that you don't brake any laws. I am sure that it is actually hard to build and even harder to promote because now there are lots of exchanges. However, I wish you good luck with that!
Its not really bad to start up an exchange as long you do know on what you are doing and completing all the things you do need to build one. Competition cant really be avoided knowing that there are lots of big and reputable exchanges now on which we would really have a hard time on getting traders or users of our exchange but well having this small steps is better rather than on expecting directly on bigger expectations.As long we do give the best service then it should be fine. 
Having started many businesses and having tried to start an exchange, I can tell you that it is incredibly difficult. There are too many other ways to make money in crypto. Don't try to start an exchange.
Well we will see.
First when im done my coin, In the future I will think about making an exchange
Well your plan to make an exchange and used the Your plan coin to make it successfully done is pretty cool but the question is do you have a back up fund to run the advertisement or any other forms of attention gathering materials to create mass exposure for this project? Well if you don't have funds to run it out and just rely on your coins then I think we will doubt to trust you up since there are so many scam coin devs who used there what so called project just to scam peoples funds by using some Scam ICO coins.
Of course Ill have the funding for the exchange.
The ICO im making, is not a scam at all.
It will have many great features.
And, it will be X11 Masternode coin.
I do not want to discuss my coin, as some people might steal the idea.
The money from the ICO will go towards the new exchange, and further projects and development.
Actually i didn't know about your capability to own exchange. But if you not so you should know everything well that may save you to do your ultimate goal.
Having started many businesses and having tried to start an exchange, I can tell you that it is incredibly difficult. There are too many other ways to make money in crypto. Don't try to start an exchange.
Well we will see.
First when im done my coin, In the future I will think about making an exchange
Well your plan to make an exchange and used the Your plan coin to make it successfully done is pretty cool but the question is do you have a back up fund to run the advertisement or any other forms of attention gathering materials to create mass exposure for this project? Well if you don't have funds to run it out and just rely on your coins then I think we will doubt to trust you up since there are so many scam coin devs who used there what so called project just to scam peoples funds by using some Scam ICO coins.
Having started many businesses and having tried to start an exchange, I can tell you that it is incredibly difficult. There are too many other ways to make money in crypto. Don't try to start an exchange.
Well we will see.
First when im done my coin, In the future I will think about making an exchange
Having started many businesses and having tried to start an exchange, I can tell you that it is incredibly difficult. There are too many other ways to make money in crypto. Don't try to start an exchange.
If you look at it I think that it is not so easy to do such things and I do not think it will be done in that way unless you are the only one.exchange event is a sector that needs to be completely professional and fast, and in this regard, of course, I think that the people who know your business well and that you are your team should consist of people who are really solid and safe.besides, your bank account must be ready for this job. you must unlock the instant cash flow when necessary and you should not suffer people in this regard. we do not even know if they will choose you more. in other words, at the same time, you must be in evidence that you trust and that you have done this really well. time is needed and there are many more factors. If you are serious about this, you really need a good team that knows your business well. I have not even mentioned the necessary legal procedures. Anyway I wish you good luck.
Thank you.
I plan on making my exchange in the coming years.
Now I will research many things about legal stuff and so on.
And then I will create a fast, with full time support staff.
And there will be innovations.
Im making an ICO
My coin will have its own personal exchange.
SO if my coin has a hard fork, or something, I can do it quickly.
Unlike lets say yobit where I would have to wait a few days.
can you reccomend me some opensource altcoin exchange?
My coin will have its own personal exchange.
SO if my coin has a hard fork, or something, I can do it quickly.
Unlike lets say yobit where I would have to wait a few days.
can you reccomend me some opensource altcoin exchange?
You are missing the point.
If you want people to deposit BTC or other cryptocurrencies into your wallet to trade in exchange for your coin, you need to build trust.
Admitting you have no clue on what you are doing is a step in the wrong direction of building trust.
Yes I understand.
It Will gain trust.
Because my ICO will not launch the exchange immediately. It will be launched months after the ICO.
The ico idea that I am making, is very good. I truly believe my ICO will be successful.
If my ICO is successful, the trust will already be there.
If you look at it I think that it is not so easy to do such things and I do not think it will be done in that way unless you are the only one.exchange event is a sector that needs to be completely professional and fast, and in this regard, of course, I think that the people who know your business well and that you are your team should consist of people who are really solid and safe.besides, your bank account must be ready for this job. you must unlock the instant cash flow when necessary and you should not suffer people in this regard. we do not even know if they will choose you more. in other words, at the same time, you must be in evidence that you trust and that you have done this really well. time is needed and there are many more factors. If you are serious about this, you really need a good team that knows your business well. I have not even mentioned the necessary legal procedures. Anyway I wish you good luck.
Could i make an exchange in Canada? What are the regulations?
The marketting, I can do. I have a few telegram channels.
And know admins of 10 k plus members.
The marketting, I can do. I have a few telegram channels.
And know admins of 10 k plus members.
canada is equal USA in there is very dificult about regulation
is good if open only crypto exchange, altcoin exchange without fiat money
Agree with your idea. without fiat money we are save. How to start from scratch? Is there anyone have same passion?
Im making an ICO
My coin will have its own personal exchange.
SO if my coin has a hard fork, or something, I can do it quickly.
Unlike lets say yobit where I would have to wait a few days.
can you reccomend me some opensource altcoin exchange?
My coin will have its own personal exchange.
SO if my coin has a hard fork, or something, I can do it quickly.
Unlike lets say yobit where I would have to wait a few days.
can you reccomend me some opensource altcoin exchange?
You are missing the point.
If you want people to deposit BTC or other cryptocurrencies into your wallet to trade in exchange for your coin, you need to build trust.
Admitting you have no clue on what you are doing is a step in the wrong direction of building trust.
Thanks for your replys! 
Perhaps in a few years I might make my own exchange.
We will see
But I definitley will make my own soon.
What about making an exchange just for my coin?
I made my own coin, and I would like to make a crypto exchange, but just for my coin to be traded with btc, eth and ltc
When you make exchange you have to know all rules and it's better for you to find them local, not on this forum because maybe someone can't say everything truth. So after that you need a great team and money, exchange website has to have very high security.Perhaps in a few years I might make my own exchange.
We will see
But I definitley will make my own soon.
What about making an exchange just for my coin?
I made my own coin, and I would like to make a crypto exchange, but just for my coin to be traded with btc, eth and ltc
Well, it's not easy and it's not a job which can be done by questions and answers on forum. You need good marketing, security and money. Also if you want your coin to be exchanged on btc, who will use that? If not only you?
Im making an ICO
My coin will have its own personal exchange.
SO if my coin has a hard fork, or something, I can do it quickly.
Unlike lets say yobit where I would have to wait a few days.
can you reccomend me some opensource altcoin exchange?
Thanks for your replys!
Perhaps in a few years I might make my own exchange.
We will see
But I definitley will make my own soon.
What about making an exchange just for my coin?
I made my own coin, and I would like to make a crypto exchange, but just for my coin to be traded with btc, eth and ltc
When you make exchange you have to know all rules and it's better for you to find them local, not on this forum because maybe someone can't say everything truth. So after that you need a great team and money, exchange website has to have very high security.Perhaps in a few years I might make my own exchange.
We will see
But I definitley will make my own soon.
What about making an exchange just for my coin?
I made my own coin, and I would like to make a crypto exchange, but just for my coin to be traded with btc, eth and ltc
Well, it's not easy and it's not a job which can be done by questions and answers on forum. You need good marketing, security and money. Also if you want your coin to be exchanged on btc, who will use that? If not only you?
What about making an exchange just for my coin?
I made my own coin, and I would like to make a crypto exchange, but just for my coin to be traded with btc, eth and ltc
I made my own coin, and I would like to make a crypto exchange, but just for my coin to be traded with btc, eth and ltc
If you search for altcoin exchange script, or altcoin exchange software on google or github you might get a few results that are ready to roll. Whatever software turns up may still need a bit of work to fine tune though but you could at least experiment. Make sure it's open source.
Thanks! I will look for such thing
Hopefully I find something.
Ill definitley use that for my own coin.
My coin exchange will have NO FEES at all!
So people can exchange freely.
What about making an exchange just for my coin?
I made my own coin, and I would like to make a crypto exchange, but just for my coin to be traded with btc, eth and ltc
I made my own coin, and I would like to make a crypto exchange, but just for my coin to be traded with btc, eth and ltc
If you search for altcoin exchange script, or altcoin exchange software on google or github you might get a few results that are ready to roll. Whatever software turns up may still need a bit of work to fine tune though but you could at least experiment. Make sure it's open source.
Thanks for your replys!
Perhaps in a few years I might make my own exchange.
We will see
But I definitley will make my own soon.
What about making an exchange just for my coin?
I made my own coin, and I would like to make a crypto exchange, but just for my coin to be traded with btc, eth and ltc
Perhaps in a few years I might make my own exchange.
We will see
But I definitley will make my own soon.
What about making an exchange just for my coin?
I made my own coin, and I would like to make a crypto exchange, but just for my coin to be traded with btc, eth and ltc
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
It's almost similar to saying "i want to create my own bank" minus the brick and mortar branches.
Imagine what you would need to open such a bank. Lots of computing resources, staff (really good and trustworthy staff of course), AML and KYC regs and compliance requirements for the jurisdiction you will operate in (and more if you intend to expand internationally), lawyers who can advise you about incorporation and company creation regs, people who understand financial markets... you need all of those and more.
And then, being a new exchange, the most important element: you need to build trust. You want clients to send bitcoins or altcoins to your hot wallet. That requires trust. You promise to pay them after they execute trades. That requires trust.
It's not as simple as building a website overnight.
Could i make an exchange in Canada? What are the regulations?
The marketting, I can do. I have a few telegram channels.
And know admins of 10 k plus members.
The marketting, I can do. I have a few telegram channels.
And know admins of 10 k plus members.
canada is equal USA in there is very dificult about regulation
is good if open only crypto exchange, altcoin exchange without fiat money
Yes it is a very nice idea, but you will need a lot of budget to make your own exchange, it is not easy to develop it. You need a good designer, a developer, a lot of people who you will need to hire.
Also how do you think you are gonna earn the trust of the users? it is not easy to make that. You need to learn a lot before making any type of sites like this
Good luck with that.
Also how do you think you are gonna earn the trust of the users? it is not easy to make that. You need to learn a lot before making any type of sites like this
Good luck with that.
I guess you need prepare some online bank, and some local bank.
Promote it in the facebook groups where people do the online business.
Example like : trading, forex, bitcoin, captcha, ptc, and many more.
And of course you need a lot of money to prepare, but you can start with a small one.
You can start with a few transactions in those groups.
Promote it in the facebook groups where people do the online business.
Example like : trading, forex, bitcoin, captcha, ptc, and many more.
And of course you need a lot of money to prepare, but you can start with a small one.
You can start with a few transactions in those groups.
Could i make an exchange in Canada? What are the regulations?
The marketting, I can do. I have a few telegram channels.
And know admins of 10 k plus members.
The marketting, I can do. I have a few telegram channels.
And know admins of 10 k plus members.
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
Depending on the jurisdiction where you form your business, the legal requirements can vary from virtually none to extreme. Lol.
It is also very complicated. You have to make sure you're really committed to providing stellar service. People would be trusting you with their funds -- a resilient and secure infrastructure is a must.
IMO, an exchange requires large capital. You have to find good developers team and consistently testing the sercurity of the exchange.
i also think that exchanges is a kind of complicated businesses, but for the development you can use https://github.com/peatio/peatio, this is a secure relization of crupto currency exchange
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
Well it depends in which country you are currently living, different countries have different rules and regulations.
As for other things, you need trust worthy developers, plus you need to have high enough trust in the Bitcoin community, no one will trust you with their funds.
I will recommend you to stay out of it, it's not a newbie friendly business.
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
it look like we are so many here we want to do the same things and I was doing research since last month and the more I think am close I find my self still far away because I want to make something new and my region and to make money as well so my advice to you dont reach and take your time
Apart from getting good developer, marketing team, you also need lawyers to be sure that you don't brake any laws. I am sure that it is actually hard to build and even harder to promote because now there are lots of exchanges. However, I wish you good luck with that!
Same here. Do you have any develop skill? Currently open new exchange is not very hard, the hardest thing is how to bring people to join the exchange. Let us know if you have any step.
you have to know who is your target customer? region?
what kind of service you want to provide? involve cash transaction? bank transfer? or just a middle man
different business, region requires different kyc, aml regulation
these are the basic questions to be answered before you move to legal compliance issue
what kind of service you want to provide? involve cash transaction? bank transfer? or just a middle man
different business, region requires different kyc, aml regulation
these are the basic questions to be answered before you move to legal compliance issue
Hi there.
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
I am wanting to make my own exchange.
Can you tell me some requirements I need to have in order to make one?
Do I need any legal documents in order to make my exchange?
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