Topic: Is it still profitable to have btc exchange service/site ? (Read 951 times)
yes it will be profitable to have one , because as you know this kind of sites earn a lot of money due to its fees , but the most important point to make money is the promotion of your site , you must do big promotion on all social media to get more users , if your site succeed to be famous and popular , you will earn a lot of money , project like that needs to high balance of money and team of workers to make it success .
If you are going to own yourself a btc exchanger, the only way to make it profitable is through immense marketing because if you market your site enough, then some, if not many, people will be using it that spells P-R-O-F-I-T. Just don't make ridiculous fees.
Hello,
Just quick question. Is it profitable to create btc exchange website?
so far its profitable,you need so much funds,bitcoin and cash money to build good and trusted exchange,but its will not easy to promote your new exchange,because i dont think social media or forum promotions are effective on some exchange. Just quick question. Is it profitable to create btc exchange website?
Hello,
Just quick question. Is it profitable to create btc exchange website?
Just quick question. Is it profitable to create btc exchange website?
It's profitable, but you have a lot budget to build it. It's not easy as you create hello world with c++ , you need have to understand about coding, management, and the security system is the most important. Also you need to have unique concept of your exchange site, because you will survive with the famous and the biggest exchange site existing nowadays.
Hello,
Just quick question. Is it profitable to create btc exchange website?
Just quick question. Is it profitable to create btc exchange website?
Answering from personal experience, I exchange my BTC at payexchanger.com and when I send them 10 USD-BTC they send me 8.2 USD via SKRILL, so their fee is is quite big for a 10 USD exchange and if your exchange will have many transactions like this , you will be in profit in the long run, you only have to be very trustworthy which you can achieve this with time.
If you want to do a BTC/ALT exchange, that is still profitable as you can put fee for every transaction and even in this situation you would be in profit.
Final word is yeah in my opinion it is still profitable to run.
If you have the means and the technical skills and marketing why not,it's still profitable many people wants to get into bitcoin and they want to exchange their fiat money to bitcoin just to hold it they knew that bitcoin is an investment itself..
It's possible, bt don't underestimate the amount of work and money it takes to launch a new succesful exchange service.
You're going to need a secure and professional website that has been tested again all forms of attack, that alone will set you back a few 1000 dollars, if not more.
You're going to need a secure and professional website that has been tested again all forms of attack, that alone will set you back a few 1000 dollars, if not more.
the Quick answer is Yes...
it will be profitable if you gain enough costumers for your service. profit and benefits of an exchange site is totally depend on the costumers and their deposits/cashouts, as much people do exchange you'll get profit from exchange fee.. so you need proper planning for this even lots of famous and trusted exchanges available there. getting costumer would be little tricky.
it will be profitable if you gain enough costumers for your service. profit and benefits of an exchange site is totally depend on the costumers and their deposits/cashouts, as much people do exchange you'll get profit from exchange fee.. so you need proper planning for this even lots of famous and trusted exchanges available there. getting costumer would be little tricky.
Open an exchange could be very profitable, but you have to take into account a number of things:
good idea to start with and good services to offer and low fees
a substantial initial investment in security, graphics and advertising
time to prove your reliability
without forgetting all the laws and tax requirements of your country
Hard but not impossible! With right skills you can run a good business
good idea to start with and good services to offer and low fees
a substantial initial investment in security, graphics and advertising
time to prove your reliability
without forgetting all the laws and tax requirements of your country
Hard but not impossible! With right skills you can run a good business
I saw it would always be profitable, because each transaction would have no costs, especially if the cost of 1% and the costs would certainly quite a lot, but it depends, if the site has many users it would be more profitable.
have sites exchanger is one of my plan, or have a trading site that will be more profitable too.
have sites exchanger is one of my plan, or have a trading site that will be more profitable too.
The main question is Web site advertising - if you have money, which you can invest in advertising, then site can be popular. If you invest a lot in advertising, after some years you can expect profit may be. 
The problem is that people already have trusted sites that they use and unless you have the money to create something truly exceptional along with a massive campaign to advertise/promote it, it's going to be very hard to drive people to your exchange. And without decent volume you're not gonna last long.
Yes,I understand. But maybe such simple thing like lower fees can atract more customers or make people to chose different site? I think everyone want to safe some money by paying lower fees.
I'm not saying it is impossible, just that you gonna have a hard time convincing people to use your exchange. With so many scams going on, if you're not well-known or don't already own a recognizable brand, people are going to be hesitant to trust you with their coins even if you offer lower fees.
You still have a small chance of being successful if you do everything right though, so if you really think you're up to the challenge you should definitely give it a shot
So what you think guys, what capital should person have to start this business?
And how much regular btc exchanger site making ?
we can offer you the setup you needAnd how much regular btc exchanger site making ?
but you are looking at 100 BTC starting costs minimum
to cover first 12 months
the security of the server is main priority (as you will be a target)
The problem is that people already have trusted sites that they use and unless you have the money to create something truly exceptional along with a massive campaign to advertise/promote it, it's going to be very hard to drive people to your exchange. And without decent volume you're not gonna last long.
Yes,I understand. But maybe such simple thing like lower fees can atract more customers or make people to chose different site? I think everyone want to safe some money by paying lower fees.
The problem is that people already have trusted sites that they use and unless you have the money to create something truly exceptional along with a massive campaign to advertise/promote it, it's going to be very hard to drive people to your exchange. And without decent volume you're not gonna last long.
I think very profitable, many people are using the exchanger and it will continue to be needed, so that every transaction you will get a profit.
So what you think guys, what capital should person have to start this business?
And how much regular btc exchanger site making ?
And how much regular btc exchanger site making ?
I would say it depends on what security you have from people charging back or using fraud payment methods. But if you have all that sorted out it could be very profitable considering you can buy BTC very cheap from played like Circle, etc...
Every exchange we have for bitcoin has something different from the competing exchange in terms of transaction fee to accessibility features. So if you can overcome and create something which attracts the users then your exchange gives you excellent profit.
If you can compete with the big boys in business-yes..
If you can`t compete with the big boys...no...
Do you plan to make a exchange site?
If yes,good luck
yeah everything should be well prepared before you want to build / create an exchange starts from a unique feature offered , marketing strategy and many more factors to compete with a well known exchange sites. so your exchange would profitable , there is so many exchange that not well prepared and they didn't survive for long time. If you can`t compete with the big boys...no...
Do you plan to make a exchange site?
If yes,good luck
you will need a lot of money for it to be used by users. in case you don't know we don't use those new ones and those who aren't vouched by trusted ones.
just like forex brokers, they earn a lot even with just the pips spread fee. transaction fees can add up if tons of users use your exchange. you are aware that just like any other business you need legal papers?
just like forex brokers, they earn a lot even with just the pips spread fee. transaction fees can add up if tons of users use your exchange. you are aware that just like any other business you need legal papers?
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