Starting my own exchange 🙌

[Solex 2262]

This is a very good positive idea my friend but remember not only capital you need in this great project but you also need good experience and programming skills which will help you accomplish the task and as for the capital I don't have the idea on how much it will cost you but I know you really need huge capital like $500,000-$700,000.

[Nyamwari 3]

If you are skilled enough in web development the costs may be lowered too between $2-5K but if not you can search around for white label crypto exchange providers who offer this at varied costs.

[Ndayebo8 0]

This is a great decision. First of all new don't too much capital for launch an exchange site. You should gain people faith to get traders for your exchange.

[Tunuu 2235]

I think it depends, not all exchanges that requires large amount of money to start them. Because there are peer to peer exchanges, you only need money for the developer and users will exchange money them to them.

[pacific 2268]

I think starting your own exchange, need more funds, expert teams, it professionals and large number of crypto investors and you need more budget on advertising your Exchange, and all this needs a huge amount of money, time and dedication. Good luck with your future plan!

[DiamondBit 720]

On 6/28/2020 at 3:21 PM, Nyamwari said:

If you are skilled enough in web development the costs may be lowered too between $2-5K but if not you can search around for white label crypto exchange providers who offer this at varied costs.

The cost can not be lower at all, you will still need many programmers to even help you clear many bugs. And you can not do it alone. You will hire better programmers. If you depend on your work, likely your exchange will be hacked. Exchanges are not easy build. 

[cooperallch 349]

You should start with an estimated assets in millions, as you have to have funds available in case your exchange is hacked, and an amount to market as well

[gotitgotitgotit1 11]

I don't know hom much money you need to do it. I can only give you some advices:

1.Create something unique

2.Find your place on the market

3.Improve your vision

 

It's slways some place on the market for a newcomers, especially after crisis.

[Anastaisha 97]

You have to pay money for the  developers, cyber security and others, right?

[IvanMimimi 37]

And I want my own crypto currency, what need to do?

[DreamTime 197]

Hi. Actually, it's not the start-up capital that matters here. You'll need to put together a team of good managers and developers. How you can attract investors will play a very important role. This business is built on investments. And everything will depend on the number of them. 

[Ree1976 77]

You must have a great team to do it and think a lot of money. Now there to much exchanges and I know you need much money for sure. 

[JoelLeal21 8]

Yes, good many successes in this of your exchange.

[Moussa Djehlane 25]

The market is full of trading and to be successful you have to have the money and the credibility to the best of my knowledge

[Cryptonix 135]

As the popularity of cryptocurrencies grew, so did the requirements for crypto exchanges to ensure security. Now every major site is comparable to banking systems in terms of security, but despite this fact, cybercriminals occasionally manage to steal funds.

[FIA17 44]

Good idea but do remember that there are hundreds of listed exchanges and likely thousands of smaller, unknown exchanges out there already so you will need to offer something unique in order to attract the clients. And also do not under estimate the costs of the operational side of things as well as you need things to be running 24/7 and that is not cheap either. Good luck and hopefully you will succeed.

[elharam 46]

Yes, it is a subject that is somewhat profitable, but it is not easy at all. You need a full technical team and the platform scripts are expensive in addition to the salaries of the administrative and technical team, the price of scripts, the site hosting, the exchange protected with strong protection, and many other things are not easy at all.
 

[elharam 46]

Yes, it is a subject that is somewhat profitable, but it is not easy at all. You need a full technical team and the platform scripts are expensive in addition to the salaries of the administrative and technical team, the price of scripts, the site hosting, the exchange protected with strong protection, and many other things are not easy at all.
 

[MohamedDawood 23]

I think that is very difficult because it need alot of money and agood programmer and good security and need agood reputation ❤️

[Kelvin2704 83]

In order to start your own crypto currency exchange platform you will need a strong capital, since you will have to cover both the domain and the cost of the scripts and the salary of the administrative/technical staff. Without a doubt, you will need a technical team, I don't think one person can do it alone.

[Habib22 41]

1. Obtain legal counsel to ensure licensing requirements are met. ...
2. Attain funding for venture. ...
3. Find a technology solution provider. ...
4. Connect your exchange with others for added liquidity. ...
5. Partner with a payment processor. ...
6. Implement best security practices. ...
7. Go live via beta testing.

1. Obtain legal counsel to ensure licensing requirements are met. ...
2. Attain funding for venture. ...
3. Find a technology solution provider. ...
4. Connect your exchange with others for added liquidity. ...
5. Partner with a payment processor. ...
6. Implement best security practices. ...
7. Go live via beta testing.

[Mohammed Abduo 4]

It's so difficult because i need a lot of money this is first thing second thing i need a very good programmers so it's not so easy

[awwad 74]

That is hard thing to do because you need high capital of money, professional developers, many investors who control crypto world and a good and trusted team not to happen like kucoin which person from team has leaked private keys and 150 million dollars has stolen. 

[LuisM 89]

It is difficult to know with what amount of capital to start with because first of all you will need a team and secondly you will need people to enter your exchange and operate it in order to grow. 

[guatazoo 7150]

Starting your own exchange is very simple but hard things thats will challenge you is how you can get many investors, and how you can keep your exchange secure.