I would like to start my own bitcoin trading/exchange site - page 2.

davout

legendary

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1davout

Quote from: bitcoinspot.nl on June 14, 2011, 03:40:31 AM

Hi there Y'all, I would like to start my own bitcoin trading/exchange site.

Does anyone one here have an idea where to start ?
maybe give me a hint or two ?

Thanks a lot!

Hey, got your PM.

The hardest part about setting an exchange up is not the technical part. It's the legal part.
I suggest you sort that out first, how will you operate, which jurisdiction, where will your bank accounts be, etc. etc.
When that's cleared out of the way, hit me up and I'll help you set up the bitcoin central code base for pretty much free.
Don't start by spending time on the technical side of things until the legal side is clear.

If you're serious about it, get a lawyer

Quote from: Rob P. on June 14, 2011, 08:24:52 AM

In the US it is illegal to build your own currency exchange. They have to be licensed.

Bitcoins aren't a currency, one could deal with them using the less-than-1kUSD/customer/day MSB license exemption

Timo Y

legendary

Activity: 938

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bitcoin - the aerogel of money

Please go ahead! We need more exchanges, especially outside the US and Europe. The advantage of joining an emerging technology at an early stage is that you don't need a huge investment to make it work. There aren't a lot of competitors and even the main ones are very amateurish so far.

Quote from: bitcoinspot.nl on June 14, 2011, 03:40:31 AM

maybe give me a hint or two ?

Do not accept payments by paypal, credit card, or any other revocable payment method. This pretty much guarantees that you will get robbed by a scammer.

Rob P.

member

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In the US it is illegal to build your own currency exchange. They have to be licensed.

However, you can build one using this:
https://gitorious.org/intersango/

bitcoinspot.nl

sr. member

Activity: 300

Merit: 250

I see now that the code fot bitcoin-central is now opensource

http://forum.bitcoin.org/index.php?topic=2585.msg35110#msg35110

I have no idea how to set it up or anything, but thats the next step

Contacting the authorities is also a very good idea

Stardust

full member

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Check the laws of you country too. If it is illegal maybe you should start a hidden service on Tor, that should not be covered by any country. Think of Tor hiddne services as international waters...

somethinghidden

newbie

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Quote from: bitcoinspot.nl on June 14, 2011, 03:40:31 AM

Hi there Y'all, I would like to start my own bitcoin trading/exchange site.

Does anyone one here have an idea where to start ?
maybe give me a hint or two ?

Thanks a lot!

Pick up a book on PHP and MySQL or hire a coder (like me). Then read the laws that financial institutions (money transfer) are required to follow so you don't get busted for money laundering. Then contact other money transfer agencies and work out a deal.

done

newbie

Activity: 56

Merit: 0

I don't have any suggestion but I do wish you well in your goal

bitcoinspot.nl

sr. member

Activity: 300

Merit: 250

Hi there Y'all, I would like to start my own bitcoin trading/exchange site.

Does anyone one here have an idea where to start ?
maybe give me a hint or two ?

Thanks a lot!

Topic: I would like to start my own bitcoin trading/exchange site - page 2. (Read 2402 times)