Topic: Setup a crypto-currency exchange (Read 281 times)
Yes, what you need to move this into Services section as is what you looking for.
did I post in the wrong forum? 
I am considering to setup a crypto-currency exchange, like any of the existing exchanges.
I have done initial research and found the following:
1. The biggest risk is chargebacks which can be done even with bank wire transfers. This can be mitigated by instating time delays, or by automatic withdrawals from the deposited bank account into another bank account.
2. The fees charged by the banks for the use of the APIs for the automation of the banking/fiat part of the exchange exceed the commissions charged by the exchange, hence the need for additional fees, say $60 etc per transfer.
For the above two reasons, to start with, I do not want the exchange to send/recieve fiat, only crypto; and also to start with, I do not want to list bitcoin or any expensive or highly volatile crypto, say we list a few low cost "alt coins", with all due respect to each community.
Does anyone have the technical know-how to guide me through setting this up?
I am assuming I will need to rent rack space in a physically secure data center, and bandwidth, and separate hardware for each currency/block chain, and a high speed server running the exchange software in php.
Any pointers to clean / reputable hardware / software / service providers?
I have done initial research and found the following:
1. The biggest risk is chargebacks which can be done even with bank wire transfers. This can be mitigated by instating time delays, or by automatic withdrawals from the deposited bank account into another bank account.
2. The fees charged by the banks for the use of the APIs for the automation of the banking/fiat part of the exchange exceed the commissions charged by the exchange, hence the need for additional fees, say $60 etc per transfer.
For the above two reasons, to start with, I do not want the exchange to send/recieve fiat, only crypto; and also to start with, I do not want to list bitcoin or any expensive or highly volatile crypto, say we list a few low cost "alt coins", with all due respect to each community.
Does anyone have the technical know-how to guide me through setting this up?
I am assuming I will need to rent rack space in a physically secure data center, and bandwidth, and separate hardware for each currency/block chain, and a high speed server running the exchange software in php.
Any pointers to clean / reputable hardware / software / service providers?
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