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Title: Help - Bitcoin Exchanges Functionality - Degree Post by: General_A on December 17, 2013, 06:55:52 PM Hi All,
I was just wondering what functionalities/features you think are necessary for a bitcoin exchange? Any features that exchanges are lacking that you think could enhance the experience? This is a broad question I know - so let me explain. I am currently doing a business degree which has set us a Christmas holiday project. I have to simulate setting up an online business and I decided to simulate one running an online bitcoin exchange. I am at the market research stage. I have covered most aspects just I haven't asked the consumer group stage. Also I was wondering do you prefur 1) Simplicity or complexity? 2) A business which you envisions to be more like your bank (traditional) or more to an online tech company (modern)? Any guidance is very much appreciated, James Title: Re: Help - Bitcoin Exchanges Functionality - Degree Post by: daybyter on December 17, 2013, 10:33:23 PM Well, there are several aspects.
- How easy is it for users to get money (usd, euro whatever) into you exchange, so they can buy coins? That's the biggest problem at the moment, I guess. Over here most banks block bitcoin transactions. Paypal has the chargeback issue. - Same problem for FIAT withdrawals. - Do you want to attract daytraders? Means, you need advanced features, like graphswith indicators etc. - API is another aspect. A good API means, that you can attract bot coders. Bots usually make a lot of trades => you make more money from trade fees. Some websites can also fetch market data to provide longterm charts. |