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Topic: Pet shop want to become a bitcoin exchange? (Read 953 times)

member
Activity: 1358
Merit: 81
If you have a Pet shop and decide to accept BTCitcoin this is fine. You could increase your capital with the crypto exchange but in order to have better results you should be a good trader and invest with caution.
About becoming a Bitcoin exchange, I found the following information. I hope it is useful

https://www.skalex.io/how-to-start-your-bitcoin-exchange/
full member
Activity: 1204
Merit: 104
In my opinion depending on your country's regulations, if your country has legalized cryptocurrency as a payment, then it will not be a problem.
So when your pet shop accepts payments with bitcoin it will be legally safe. For bitcoin exchanges it must have a website itself and also must
get government permission. But I am glad that your pet shop accepts payments with bitcoin, this is a great way to promote bitcoin to be known
by more people.
In any case, if we are talking about illegal business within a certain country, then the use of cryptocurrency should be only according to a specific law, that is, on completely legal grounds.  Undoubtedly, every store, including a pet store, can use cryptocurrency as a means of payment, but the report to the tax service on income, the store should be sent accordingly.  but exchanging cryptocurrencies is a completely different line of business, as opposed to trading in pet products. And for this you need to have really certain government permissions.
The fact is that in the laws of any country there is an appropriate regulation for the activities of exchange offices for currency.  this activity is carried out by banking institutions and non-banking institutions.  in order to obtain permission for a non-bank exchange point, you still need to register a non-bank financial company and obtain a General Currency License of the state bank of the country.
full member
Activity: 1190
Merit: 117
In my opinion depending on your country's regulations, if your country has legalized cryptocurrency as a payment, then it will not be a problem.
So when your pet shop accepts payments with bitcoin it will be legally safe. For bitcoin exchanges it must have a website itself and also must
get government permission. But I am glad that your pet shop accepts payments with bitcoin, this is a great way to promote bitcoin to be known
by more people.
full member
Activity: 2268
Merit: 121
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.

it is possible that the plans made are very good and can help those who really want to make payments with bitcoin. but you should first survey your customers, maybe not all of your customers like and understand bitcoin. so that your main goal is to open a pet shop to look for profits instead burdened with transactions that are not necessarily preferred by your customers.
although it's clear that with bitcoin transactions you will also benefit from any increase from bitcoin, or vice versa. just how you anticipate the exchange to be done.
sr. member
Activity: 1492
Merit: 269
Look with your costumer have know and use with bitcoin or not, if the have been similiar with bitcoin as currency payment you can use bitcoin in your pet shop, you can take profit with using bitcoin as payment currency when price is up and keep get much profit for next time.
sr. member
Activity: 2618
Merit: 439
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.
it is possible. during your duration there are no regulations prohibiting using bitcoin or altcoin as a medium of exchange, you are free to do that. as far as I know, many people have done things like this in other fields. it's just that, you need to know what the risks are, and not all customers know about crypto, so make sure it is only used as an alternative payment.
maybe this will let Him help the Bitcoin or crypto community because he has already existing clients in which He can encourage to use crypto as alternative payments,But also you are correct because there are some individuals already that did this thing i just don't know if they are still existing and if they successfully made it through .
See if you are going to do that , you would have to first consider how you are going to exchange , choose a good wallet store them in it .
Or if you are scared of the volatility , you can just exchange the amount right at the time using some exchange but it would be nothing different than receiving money , Fiat .
Therefore I do think you should try and make an online user interface and then you can decide how many people are actually interested in it .
maybe First Bitcoin paying petshop in His place because we don't know if  there are existing in our time now.
hero member
Activity: 1778
Merit: 746
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.
it is possible. during your duration there are no regulations prohibiting using bitcoin or altcoin as a medium of exchange, you are free to do that. as far as I know, many people have done things like this in other fields. it's just that, you need to know what the risks are, and not all customers know about crypto, so make sure it is only used as an alternative payment.
sr. member
Activity: 906
Merit: 263
A bitcoin exchange is a place where you trade bitcoin. You are talking about accepting bitcoin and crypto. It is very easy and there are endless topics.

I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.

I got a little bit confused as to you accepting bitcoins and altcoins as form of payment in your shop, or starting your own bitcoin exchange, or just fusing them all in one? Either way, starting something such as a business or an exchange doesn't need the interest only but it needs passion and action. Most people have pets being groomed and well taken cared of rather than humans so it is actually a good idea. Maybe you can put up a sign outside/inside of your store saying that you accept bitcoin as payment or rather endorse yourself to your loyal customers. It would pay off hopefully and you can boost your store's ratings. Not only you take care of their pets, but you generate income in the form of cash and cryptocurrency as well.

He wants to use bitcoin as a payment method. He said exchange because they probably don't know any better. But they are learning so its good.
Give a discount to anyone who pays with crypto. say 5% at least. 10% would be great. I hope this is not a pet shop that sells dogs and cats. You can save a dog or cat fro, the spca for free.
jr. member
Activity: 301
Merit: 3
DAEFROM.com
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.

I got a little bit confused as to you accepting bitcoins and altcoins as form of payment in your shop, or starting your own bitcoin exchange, or just fusing them all in one? Either way, starting something such as a business or an exchange doesn't need the interest only but it needs passion and action. Most people have pets being groomed and well taken cared of rather than humans so it is actually a good idea. Maybe you can put up a sign outside/inside of your store saying that you accept bitcoin as payment or rather endorse yourself to your loyal customers. It would pay off hopefully and you can boost your store's ratings. Not only you take care of their pets, but you generate income in the form of cash and cryptocurrency as well.
hero member
Activity: 1750
Merit: 589
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.

That will be a good idea to associate accepting cryptocurrencies in your own pet shop as a term of payment. That will help promoting the usage of cryptocurrencies and let other people know that such type of currency do exist because even if cryptocurrencies are already well-known, still a lot of people do not even know about cryptocurrency and do not know anything about it or how they will going to use such currency. It is just that people in your place must first learn to start adapting the usage of cryptocurrencies so that your plan to associate using cryptocurrency for your pet shop will work because if people do not even know or adapt on using crypto, then it will be nonsense to be implemented.
full member
Activity: 1834
Merit: 166
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.
The thing you are asking have two possobilities here that you can accept btc and other cryptocurrencies for your pet shop only if you local assests have knowledge about it and they want to trade in these digital coins or you can expand your business online with third party payment processors which can deal in crypto on your behalf and gives your fiat.The other is you want to open your exchange?And if that so you can surely give it a try but you need funds for that and start trading in that line.Both have great oppurtunities and bright future ahead but keep in mind the volatility affect so you don't suffer losses.
legendary
Activity: 2282
Merit: 3014
Anyone who wants to accept bitcoin can.  A pet shop? Sure why not.  I've actually got a couple local places that accept bitcoin and or other cryptocurrencies. One of those places is my pet shop.  The lady who cuts my dogs hair is a cool /younger gal who loves technology and is always talking to me about bitcoin and other cryptocurrencies knowing that I am in to them as well.  I also have a local convenience store right down the road that accepts bitcoin.  My local barber and a small indian food place not too far away from my house also accept bitcoin/cryptocurrencies.  I think it's an awesome way to spread adoption.
sr. member
Activity: 1022
Merit: 280
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.

If you accept bitcoin payment, it will be the first Pet store to accept the bitcoin as a payment method. I would like to know in which part of the world you have the Pet shop ?
Having an bitcoin exchange is something different or maybe you should explain clearly what do you mean by becoming a "bitcoin exchange" ?
hero member
Activity: 1890
Merit: 831
See if you are going to do that , you would have to first consider how you are going to exchange , choose a good wallet store them in it .
Or if you are scared of the volatility , you can just exchange the amount right at the time using some exchange but it would be nothing different than receiving money , Fiat .
Therefore I do think you should try and make an online user interface and then you can decide how many people are actually interested in it .
member
Activity: 126
Merit: 23
I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.

 buy BTC ATM and install it on your petshop

https://www.generalbytes.com/en/
hero member
Activity: 2268
Merit: 588
You own the pen
Seriously man if you do so, you are the first one to accept bitcoin as a means of payment to their Pet shop. I never heard anything like this. mostly I heard stores that are accepting Bitcoins are restaurants and other beverages stores. I never heard of Pet shop accepting bitcoin, If you implement it, then you will become the first one to do it in the world.
newbie
Activity: 10
Merit: 0
From what I comprehend, you would like to open en trade and you would like to acknowledge cryptographic money for this example is bitcoin as an installment. i feel doge-coin is fit since it's kind of sort of a pet things and it's less costly charge contrasting with bitcoin,for your data bitcoin features a higher charge particularly for small exchange, individuals got to pay higher charge so on get quicker affirmation.
full member
Activity: 1232
Merit: 186
February 01, 2020, 02:42:02 AM
Doge Coins best suits the pet shop. Maybe OP can put a logo of Doge coin on the sign board of his shop.  Smiley
You aren't serious about this, are you? There are less people around who have a dogecoin wallet than a bitcoin wallet and using a lesser known altcoin as the only payment method will turn away potential customers.
Why choosing only one where in the first place you can use both Grin. Accepting Dogecoin doesn't necessarily mean you are having lesser chance of getting customers. He can use the logo Doge (not literally copy-paste it because of copyright issues but use it as an inspiration) for it brings charm and appeal for the customers bit mainly use bitcoin as a form of crypto payment. What dou you think? That's a better idea, isn't it. What I just hope is that OP is willing to hold doge and know the risks of crypto investing. Because if he will only do all this things just for the sake of having a unique pet shop then he might loss in the long run Cheesy.
member
Activity: 394
Merit: 14
February 01, 2020, 02:08:45 AM
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.
A good solution,but the problem is that when accepting bitcoins for payment, how will You report to the tax service?Living in India, you understand that in this case you can get under some kind of ban and in the end You can be arrested.As far as I know, there is a very large number of bitcoin ATMs in America.I think there will be no problems with paying with bitcoins for goods and services.Therefore, you better find a store that already accepts bitcoins and personally find out from the owner how he organized everything.This is still illegal in my country.
full member
Activity: 644
Merit: 127
★Bitvest.io★ Play Plinko or Invest!
February 01, 2020, 01:37:26 AM
I’ve got a pet shop and I wanted to accept bitcoin and alt coins then I was reading about becoming a bitcoin exchange ... is this possible? I understand it’s worth goes up and down.
I think it is better if you separate those two. You know why? The income in bitcoin si huge if you only know how to play around with it. Stick with your pet shop business and do the trading also in bitcoin. Play around the money that you have. But if you really want to pursue it, you better try to check if that is legal in your country. Some of other countries out there does not allow the bitcoin transaction in their government.
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