these days even if you want to stay away from fiat regulation by not touching fiat and running just a bitcoin<->altcoin exchange. you are still going to need some basics.
proper secure servers.
enterprise level internet bandwidth
top of the line security
an actual office customers can visit (not some mail dropbox/po box)
customer service team
insurance
many people dont care about "regulation" because regulation is not really about consumer protection..
infact customers care more about being able to KYC the exchange. as that us important for customer security and trust..rather than the exchange KYC the customers.
but if you want to succeed. then having all the essentials to run a good fast reliable service that customers can trust. is not cheap.. but is atleast cheaper than a FIAT exchange.
EDIT:
having read your post history where you are looking for anonymous bank accounts and anonymous debit cards.. i think you have already failed the trust game of being a person that should be holding other peoples funds. not only that but you dont seem to know the basics of how financials accounting work.. so i dont think someone like yourself should even try opening an exchange. #doomedB4itstarted
Topic: Is it still profitable to have btc exchange service/site ? - page 2. (Read 955 times)
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
If you can`t compete with the big boys...no...
Do you plan to make a exchange site?
If yes,good luck
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.
Hello,
Just quick question. Is it profitable to create btc exchange website?
Just quick question. Is it profitable to create btc exchange website?
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