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Topic: What do you think about an idea to open a new cryptocurrency exchange - page 2. (Read 1224 times)

sr. member
Activity: 518
Merit: 278
Interesting. As far as the fee is concerned, many trading sites nowadays have higher fees and in fact, seeing one with a lower rate, with a good number of trading assets, is rare. So having another exchange with much lesser fees will be great. Additionally, seeing one with a support assistance service for new traders is also something to look forward to, so I hope you can add it to the features of your exchange.

Btw, I'm curious: What fiat are you thinking of adding to your platform, if ever the platform you want to create is a fiat-to-crypto exchange? I hope it's not only USD, Euro, Yen, CNY, and GBP, but other currencies as well.
newbie
Activity: 11
Merit: 0
Between what do you think guys about merchant services for online stores with cryptocurrencies?  Roll Eyes

Like Stripe or PayPal, but BTC or ETH. So user pays with bitcoin and you receive USD on your account (As exchange provider you can use top 10 exchanges which will be provided by system) + little transaction fee.

newbie
Activity: 11
Merit: 0
Hi

Guys thanks for good wishes!

Of course the support will be on top priority, because all businesses and good products are developed on user experience, so as much user will feel comfortable when using the service as service will rise.


About user experience should be honest and say that there are some good looking exchanges like CEX.IO and so, but unfortunately there isn't any good exchange with all high level services like fiat to crypto and crypto to crypto with better support. For example I couldn't verify my identity on CEX.IO, because they don't accept non-Latin documents, but I am living in non-English speaking country where there isn't any problem with crypto world (I am from Armenia!).
So I send them document translated by notary, but they have not accepted it, instead I used Coinmama were I could easly get in touch with support, though there I don't trade directly with other community members.

Anyway any good product should have some little amount of investment, I don't think that exchange will need huge amount of money (I think 30K-40K is enough), especially that I want to build good service.

Between the exchange that I was working on (I was front end developer:)) is liqui.io,not trying to do any advertisement. Wink
copper member
Activity: 2940
Merit: 4101
Top Crypto Casino
There are a lot of cryptocurrency exchanges already, not saying you are wasting your time but you will need a really really good UI/UX to make a difference with others. Because the main thing is what are you able to bring different than others don't have or how you can do it better.
And I think there is a lot to do to reach this point.

Personally, I prefer fiat to crypto and crypto to crypto as well together.
I believe that if you plan to deal with allowing members to add fiats to buy cryptos you will have soon or later no choice to request a verification ID from them, especially when dealing with banks.

Good luck anyway Smiley
legendary
Activity: 3164
Merit: 1127
Leading Crypto Sports Betting & Casino Platform

Is a very good idea, but I would like you to add things different from the other exchange, for example you could add things like:

phone, that's right. you would add a phone to solve more serious problems, problems like disable account with more than $10.000

Add physical office with many employees able to offer service to high quality support tickets


if you do, your exchange would easily become the number one
newbie
Activity: 11
Merit: 0
Hi

Just wondering will you guys use new exchange if there will be lower rate than on other platforms?
As well as which one do you prefer fiat to crypto or crypto to crypto or both together?

Reason that I am asking that we have in mind to develop new exchange with better UX/UI performance and usability, margin trading as well as with lower fee and better anonymity.

At beta test we will going to provide some amount of money to beta testers for trading.

What you think about the idea?  Roll Eyes

As I was developer in team of one exchange which is very successful now, I have in mind to create platform where you can :

  • store your wallet of BTC and ETH as well as for other coins.
  • Trade with coins.
  • Dev API for merchant development
  • Read news from cryptocurrency and blockchain world
  • Mobile app for all these things after successful beta test.
  • As well as if community will allow (you are ruler in this world) in this app you can buy BTC or other coins by fiat completely anonymously without any verification.

NOTE: this isn't any fraud (like rawx.io) or average exchange.
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