Topic: White label Bitcoin exchanges - page 2. (Read 10905 times)

I'm new to the forum but not new to spot market fx.  I'm a 25 year trading professional.  I also own a 'white label' brokerage.  White labels are technology that is licensed.. while the branding is made to look and feel, operate and function like its ours.  It's no different really than the first days of Porsche and Volkswagen.  Same company.. two brands.. or General Motors and Cheverolet.  Same company, two brands.  The label allows an expert in a particular skill set to leverage the technology while they create a following because of their skills or appearance.

In my daily business I teach traders to trade the markets.. I wouldn't want them to venture to another business to get run over with bad pricing.  So I created the brokerage to make a more efficient method of trading.

jmho. all the best.

You are fairly new.  9 months is nothing.
Showing up at conferences doesn't give you credability, that is exactly the type of effort a scammer with goals of becoming the next MXGOX would do thinking they will do the same thing.

Who invented the term "white label" anyway?  I bet you that person is the mastermind of this type of scam with evenly distributed escape goats to blame.

Nobody should use such a "white label" service.
I was right about MTGOX before they ripped everyone off, and this scam is easier to spot before anything even happens.

Nope, in terms of draglet, we have a pricing that allows to evenly distribute the risks between both parties.

By the way, draglet could already apply for the first software patent. I guess this and the fact that we are present at major bitcoin conferences around the world makes us a reliable choice besides bex and buttercoin. And yeah, our exchange software has been online since over 9 months now.

That sounds like a multiplied security threat with more people involved who have conflicting interests and goals.
Why does this setup have a name that sounds safe and secure?
Glad I asked, thank you.

"White label" means that one party provides the software and server-side processing, while another provides the financing, marketing, and branding, takes all the risks and assumes all the liabilities.

I would also like to know what "white label" means and who "officially" determines such a qualification?

You can do white label BTC exchanges with  Bex.io and Buttercoin.To the best of my knowledge they well recognized and are reliable.

you can enjoy the feeling of market manipulation 

This is a non-starter of an idea. There's not enough liquidity in Bitcoin to support a lot of little exchanges. Look at Bitcoin Charts for USD. Once you're out of the top 10 exchanges, volumes are below 20BTC/day, the spreads get big, and the market depth is tiny.

the same question for me

There are plenty of white labeled trading platform options to choose from on the market. The biggest question is, how interested they are in your success and what type of customization do they offer to make your product unique to all the other offerings on the market. My company actually invests into startups looking to create trading platforms by creating creative partnership agreements. Instead of selling the platform outright, if we think there will be long term synergy, we are willing to take a portion of equity in exchange for the technology we provide. Send me an email if you'd like to discuss. [email protected].

Does the "white label" exchange service carry errors and omissions coverage, and bonding insurance on their employees?

Who indemnifies whom?

This is a big issue. When an exchange goes under (which happens more than half the time), who pays?

Hey,

I know this topic has not been discussed for a while, still I want to explain something.

The owners of businesses that run the white label exchange business are honest and real - you can meet them at Bitcoin conferences around the world (this is at least the case for Bex.io and Buttercoin).
In my eyes the white label cooperation is a viable and legit undertaking, where both parties can focus on their actual strengths,

By the way: We are also real and can be met at conferences - draglet GmbH, a corporate based in Munich, Germany. We offer our unique exchange software as white label solution. Besides customizing the exchange software according to your needs (logo, content, CI, adapting the software according to your business case, continous patching and updating of software) we host your exchange, give you access to back end admin interfaces to administrate the exchange and guarantee availability.

Our software features Optimistic Fund Locking (users are allowed to crreate orders that are actually not covered by current account balance) and a wallet with encrypted user access and multisignature cold storage. The solid order matcher was already tested for 9 months by thousands of users and now is one of the products that draglet are offering as part of our white label exchange. You can get more information about our software and services at draglet.com - feel free to give our exchange showcase a try.

Greetz,

Ben

Are they all just a bunch of liars ? I mean how can we know which ones to look into? I am very new to this BTW.

Right. You, too can own your very own Bitcoin exchange, sucker in some marks, take the money, and run.

Has anyone looked into starting their own bitcoin exchange through a white label? I have located these three that are available now. Anyone else heard of them?
bex.io  ,   buttercoin.com   and   xchangetank.com      Any feedback would be greatly appreciated !