Starting my own exchange 🙌

[Luciferludz 1442]

Guys I'm planning to launch my own cryptocurrency exchanger site in the future. So I wanna ask how much capital should  I starring with in order to success my business without an crisis?

[teminalibug 309]

To start your own exchange you don't need any bigger capital, since you wont be the one selling or buying rather third part person who is acting like and escrow.

[iloveyobit 6599]

i think its complicated because you need much money to build a team and to publish your exchange and get a good community , but i wish you good luck dude 😉 

[starwalkerz 164]

There are plenty of exchanges already in the market, but there's always room for newcomers. What have you been thinking about regarding your own venture into cryptocurrency exchange business?

[cuterthing 261]

Oh,I think it is too hard to have an exchange.One of the trader that I know was planning to make a really good exchange.He was planning it to be worldwide and he said he needs 500k USD to make a really good exchange.So if you have that much money then good luck for you!

[Casinoval 330]

Having a exchange take a lot of afford, you will need to have lots of money to serve as an insurance, just in case something goes wrong and also a good team to run the platform.

[setifien 1016]

Firstly I wish you all the best with your business.

For your issue, I think it is mostly a work that should be done by a coherent team (web developers, crypto experts, support team).

For the cost, I can't give a certain amount, but what I know is the higher the amount, the better it will be for your business

10 hours ago, teminalibug said:

To start your own exchange you don't need any bigger capital, since you wont be the one selling or buying rather third part person who is acting like and escrow.

But there are several other costs that must be paid (insurance stock, team payment, different bought services ...)

I invite you to read this article to have an idea about this issue https://appinventiv.com/blog/cost-of-crypto-exchange-app-development/

[teminalibug 309]

2 hours ago, setifien said:

But there are several other costs that must be paid (insurance stock, team payment, different bought services ...)

I invite you to read this article to have an idea about this issue https://appinventiv.com/blog/cost-of-crypto-exchange-app-development/

The only cost i can figure out is the cost for website hosting, domain name and some how you need a to place some order yourself as there will be no person placing order sat first, so maybe we;re talking about 5000 usd for starters.

[hexwin 4931]

12 hours ago, Luciferludz said:

Guys I'm planning to launch my own cryptocurrency exchanger site in the future. So I wanna ask how much capital should  I starring with in order to success my business without an crisis?

How do you think of creating exchnage from zero in todays market situation?

You need to offer something extra and new or low fees  and better conditions, and it is not easy to compete with big players and other established exchanges

[cryptokram 102]

13 hours ago, Luciferludz said:

Guys I'm planning to launch my own cryptocurrency exchanger site in the future. So I wanna ask how much capital should  I starring with in order to success my business without an crisis?

1. you don not need them.

2. you dont want to start them.

3. you are just getting the attention fo the people/

4. you are serious about this.

5. please dont!

[flomopeter 135]

Starting your own exchange is not easy, you will need blockchain developers to be able to interface your exchanges with the so many cryptocurrencies online that you will want to support and this will cause alot of money and also you will need to have some money to start up with for maintenance and so many other things, I will say to start an exchange you will need over 20k usd.

[Caporetto 327]

You gotta have at least 50k, and i suppose its gonna be without KYC right? register ur company in bahamas so that US cant do u dirty like they did to IDEX

[teminalibug 309]

4 hours ago, setifien said:

In case of attacks, supposed  it's hacked in the first days/weeks and traders money is stolen, tell me how could he recover this ??

Then you better implement good security, or you could use API instead, like the API of changelly, so you don't need to impose too much security and no need for starting capital apart from hosting and domain cost.

[spyaquino 907]

I think it is a very challenging business, because opening a trade requires having a good team to be able to create the same, and with that have a capital to at least keep this team, and also the marketing you will need to attract users to your Exchange, but friend, is a business that certainly requires a lot of work, because it will not be easy to interact in a market where there are already hundreds of exchanges. Good luck on your walk.

[lakhlomoha 485]

This is a big dream so you need to start big too,your own exchange need lot of money and knowledge,you only you can't do that.so you need a team to start with and country to lunch your project.good luck 

[duncun007 3577]

34 minutes ago, CryptoBry said:

I think that you can start with less than $10,000 because there are now some white label providers for this service, where you as an individual operators is actually part of the bigger marketplace managed by the company that provides you the platform. instead of just you doing the business, this is like a franchise and all operators under their network are working together. 

Thats a very good idea because this way you wouldn't have to worry about doing the security work and be afraid of hackers instead you'll just be managing the exchange.

[cryptosix 1643]

A good team is required and have to invest more money, when you are in loss also you need to work with your own funds. Make sure you need to secure the depositor funds so that no one can scam or hack your money.

In these days we saw a lot of exchanges are closed so learn from those things and think before starting your own exchange.

[dentolas 551]

With so many exchanges popping out everywhere, I do not think this is a worthy business to invest in these days unless you have some revolutionary ideas about new type of exchange, or a new type of DEX...

There are a lot of exchanges closing, if you insist in this, maybe you can buy one?

[Crypto123 0]

Of course, this is a very lucrative topic, but it is not easy at all. You need a full technical team and the platform scripts cost dearly in addition to the salaries of the team of administrators and technicians, the price of scripts and hosting site and the exchange protected with strong protections and many other things. It's never easy.

[Luciferludz 1442]

3 minutes ago, Ramses said:

Here is what you need!
Atomic is a multi-asset wallet that supports all the top Blockchains and over three hundred tokens. Download the App at https://AtomicWallet.io 👈 It’s a first non-custodial wallet with a cross-chain Atomic Swap technology. You can buy crypto with a credit card right in Atomic Wallet interface and swap it within a built-in exchange service. Twitter: https://twitter.com/atomicwallet With Atomic Wallet, you can manage all of your cryptocurrency assets in a decentralized way. You can swap your coins and tokens with no counterparty risk. All private data are stored in an encrypted manner on the end-user device and never leave it out, so your money is totally under your control. Reddit: https://www.reddit.com/user/atomicwal... It’s the convenient and versatile decentralized solution for custody-free cryptocurrency managing. You can add a custom ERC-20 token to Atomic Wallet and participate to any Airdrop or Bounty with it. Claim AWC tokens by leaving an email in the Airdrop tab, download the App now at https://AtomicWallet.io 👈 and take control of your funds in one secure interface. Telegram: https://t.me/atomicwalletchat

Thank you about your information I hope this article would be more usefully and helpfully to me. I will work with it thank you and goodluck.

[redamoun 811]

On 10/29/2019 at 6:59 AM, Luciferludz said:

Guys I'm planning to launch my own cryptocurrency exchanger site in the future. So I wanna ask how much capital should  I starring with in order to success my business without an crisis?

    The big problem you will face is the security of your exchange, and for this you will need a fortune, because today hackers are more and more interesting in cryptoword and platform are the most targeted by this thievs,  if i'm not wrong, last month, a big exchange called CoinExchange close, because they cant pay any more the fee for security of their website.

So my friend your plan need more investors not only you. 

[cryptoboy 35]

On 10/29/2019 at 11:59 AM, Luciferludz said:

Guys I'm planning to launch my own cryptocurrency exchanger site in the future. So I wanna ask how much capital should  I starring with in order to success my business without an crisis?

I'm really impressed to heard that you are going to launch your own cryptocurrency exchange. You can do it. But you need to be honest and your team members need to work harder to become success.        

[kjames 139]

it requires very huge capital. you need about 500 million usd if you thinking to make an middle class exchange.

[niroblm 141]

if you start your own exchange site frist you need a good team and investor i hope you will be create it so successfully i wish you

good luck

[Luciferludz 1442]

21 hours ago, redamoun said:

    The big problem you will face is the security of your exchange, and for this you will need a fortune, because today hackers are more and more interesting in cryptoword and platform are the most targeted by this thievs,  if i'm not wrong, last month, a big exchange called CoinExchange close, because they cant pay any more the fee for security of their website.

So my friend your plan need more investors not only you. 

Yeah of course every business need customers and investors cause there will not have advantage of investors if no more custormer to that exchanging platform. Also binance was got hacked 7000 btc wich was make loss to binance of -2% of their bitcoin that's means security is more usefully in exchanging platforms.