Bitcoin Forum

I would like to start a bitcoin exchange and investment business. Though I had lots of confusion, when and how should I want to start my business?  I'm looking for some proper guidance, could you people gave me some suggestions about crypto exchange business. Waiting for your valuable responces

starting any kind of business is not something that is restricted by your age. you can start it at any age but it depends mainly on your skills, experience and willingness to fight for your business and endure all the ups and downs of staring a new business with lots of money involved and lots of losses initially and a lot of costs. it is not for everyone which is why not everyone is a successful business owner.

so if you see it in yourself to start a business in a market that already has similar businesses run by bigger players then go for it otherwise think about something else and save yourself the headache and money loss.

Most of the countries allows anyone to start business when they are 18+ so you can also do of your country have that kind if laws but in online business the age has no matters you can even start your sites anonymously but it may get suspicion among the people who are going to use the site.

As long as you meet the legal age in the country you are registering the company, it should be fine. Bitcoin exchange business require huge capital for the trading interface, marketing and security. I suggest that you do some research on the upfront cost involved and plan your business accordingly. Good luck to your venture.

This is the main point that op needs to focus on. Firstly, the cryptocurrency exchange market itself has been suffering a lot lately thanks to hackers hacking exchanges regularly these days.

This has led to investors including myself selecting only the biggest and most secure and reliable exchanges(Binance, Bittrex etc) for trading at present which is why the lesser known exchanges are struggling to survive.

Think carefully op before starting a cryptocurrency exchange business(Especially in a bear market).

If you want to invest in crypto, then choose the potential, for example, buy a few coins that have been included in the top 10 on all exchanges, and monitor the ico that has the potential to succeed, because through that you can achieve multiple profits.

Although I don't start any business now, I think the first thing you need has a team to work together with you because it's impossible to work by yourself alone. You need to delegate to them, who will be in charge to be a person who will do marketing promotion, who will be responsible with the security of the website, and something like that. You need to determine what pair you want to use to trade, how the site it looks.

Do your research so you can understand how the exchange works, don't forget to make your exchange legal by contacting your lawyer or institution in your country so you can get protection from them. Determine how much money you want to use to build your exchange website and make a record for each expense that you spend so you can know how much money you still have. Besides money, you should know about the risk to build a website especially if you want to start an exchange website. The most important is you know how you can protect your customer aka traders that are trading in your exchange, so you need to hire someone to handle the security.

And when everything is set up, then I think you can ask some people to do a trading test in your exchange, and you can ask them to gives a review with the website so you can know where part you need to fix or maintain. By doing this, you can get a better result, and when the time is ready, you can announce to the public that your website is ready to start as a new exchange.

To start a crypto exchange business, you need more than personal age range. exchange business is a very difficult field, principally a crypto exchange business.

if you have funds and also a team that is able to understand several aspects of trade and technology, don't waste time, right then you have to start with careful planning and the right targets

I think it depends on the country, I mean whenever your age is legal to establish a legal company then that is the Right age. I don't believe in "too young to start a business", if you already have the technical skill then you are ready to go. The other skills like soft-skill, emotional, self-management and so on, you can learn while you run the business. If later you fail, it is just a delayed succeed you can learn from it.

Crypto exchange business is a tough business that requires too many stuff. From development to features to graphics to design to marketing to security. People with millions of dollars invested into it with a huge team still could fail at it and they do, look at places like kraken and poloniex that used to be something but now failing horribly and they are huge business' that fail.

Hence, if you want to start your own exchange at a young age know that it is quite hard to break into that business and almost impossible to make profit while running it as a one man operation. You would need experts of all topics mentioned above and you  would need a lot of capital to do your own marketing as well. If you do not posses the capital and man power for any of that I would suggest not to bother with it.

I don't think age has anything to do with business especially in this 21st century, once you have enough funds to start up a business, all you need to do is employ the appropriate manpower needed for the project. Though I would advise you have proper knowledge of the project you are going into to avoid being cheated, once you have this knowledge already and available funds, then you are good to go.

I do not think there is a certain age demand. Probably 18 is enough.
Do you believe you will do this? Because, today there are more than 500 exchange and competition is very strong. I have not seen any of them evolving despite the recently created dozens of exchange.

Actually, I have experienced a lot of business as I was investing in a company that was struggling with a lot of money when I lost my money. Just like those examples like money exchanges for example crypto. I did not know what to do learn how to run trades in different tokens so I'm here in this furom so I know how to know how to really grow my money .and thanks a lot for your comments

i just ask my crypo for the right age. i do not know why, the quantity it joins

I know how I know through online business that you do not have any taboo but as you say beware of sites that will incur because there is a possibility that a person may be damned so double beware

Do you want to make the exchanger site? or do you just want to be a trader playing on the exchanger? if you want to make an exchanger, then all you have to do is form a team first to develop your project. then the funds needed to build your project. if everything is ready, anytime you can start it.

Start to find relationships in crypto, like experienced people. Please invest or trade in small quantities first. My advice is to find people who are experienced, and offer business to them. (search around your area)

Thank you very much for your suggestion what exchanger is the best? because i'm planning to trade thank you

the exchanger does not just trust the others because they have other interests that they want to say they are hacking but the company is in the same way as the bitlif lost my btw even with 2fa but lost the job inside

As long as you have the capital for it then you can start it immediately. Waiting for so much time or answers here will not get you anywhere.
It is your decision and you must have already gave a lot of thought about it or it will just be a waste of money instead.

There are not too many exchange by now. Maybe yours could be better if you can get the charisma of investors and traders.

you can start at any age but you have to refine your skills, first of all you have to read a lot on the subject, then you have to study the trends through the candles, find an exchange with which you feel comfortable, start with small transactions until you get to trading with leverage , scalping and arbitrage

There is no ideal particular age to start any business. The earlier the better. I believe in ten thousands hours theory, so you will be a professional (even like a businessman) only after 10000 effective hours of working on the thing you want to be perfect at.

I think age doesn't matter there
But it is more off an how much effort you put in to your business

Crypto exchange can be coded if you learn about programming, a little background of blockchain and wallets and so
More learning, start earlier :)

hello thank you to your gentleman but how do you know if a team member is real? I'm always curious to know my acquaintances

Is the crypto exchange useful at any time before starting your business online? I want to start it

I don't think you are far from getting into the crypto business. For you to be here and know your way around, I guess you are good to go.

First of, research about your potential competition. Opening a crypto-to-crypto exchange is already too late imo, unless you have millions of USD for hiring the very best specialists and promoting your exchange so that every crypto holder/trader knows about it. But opening an exchange where people can sell crypto for your local currency and vice versa is another thing, and it can become popular even without any advertisement just because  there is a lack of such exchanges in your area or because you have better rates. I'd say if there are less then 10 of such exchanges in your country, you can try to implement your idea, and there are good chances of success even without big investments. Good luck!

In my opinion, to come to a market where there are already many competitors is impossible without the necessary budget and innovative ideas. If you do not have such advantages, your business will quickly go to the bottom. Therefore, my advice is to study the products of competitors, identify problems and disadvantages, and offer a product that can eliminate them.

In my opinion I would say there’s no right age for investment. Start today and I mean NOW. Now I would like to mention my kid brother’s experience. First when he heard about crypto currencies in 2013 when it’s rate was around 100–150 USD. At the same time, I advised him and he thought It’s not right time to enter.& then  wasted 3 years to just watch the rate chart & entered when it’s rate was 5000 USD. Although his  investment has been double

It is not a simple work for beginners because you need more knowledge in crypto platform and future innovation. Nowadays many exchanges are available in the market but everyone some Innovative technique is add the crypto exchange so research something new subject. Crypto investment is easy platform for high margin traders so try to participate in promising platform low level profit enough for beginners.

I don't understand why you need to know about the age if you have enough skills and money then start it bro where is the problem no matter you are 18  20 or maybe 30 if you understand how it works then try to do your best and make money on it but you must know it's not so easy,many exchanges were hacked last times.

Well, not all the countries require you to have a certain minimum age limit. Some of them do. And those who do not might enquire you for the amount you would out in the business. So it is better to complete high school, learn about how things work and get in the business once you are legally out of the age. You would not have to give any proof of anything for the money you put in the business.

Mate there is no any specific thing like age in crypto currency, Remember that age is Just a number If you have some wealthy amount you can make Investment immediately without looking back. Also you will get confused If you want to take suggestion from this forum, make use of Internet and try researching on your own to get a clear idea.

Regardless of age, but to invest early, it is better, and do not delay delay for good things, suggestions here must be a lot but what you can do is do it.

It's good to invest in a younger age itself and you can make some valuable profit after few years if you make huge profits. If your efforts are genuine and honest I am sure you can look after few years where you can get a descent profit.

I don't think there is a specific age one should start crypto. Although it is advisable to do it at the time it won't distract other necessities of ones life, such as education. And one still need to be atleast matured enough to handle the fortune.

hello how do you know that the coin n you will buy has a high expectation because i intend to buy thank you

hi sir I do not have to build my own exchange so I just want to buy tokens for exchangers who have a token token with the future. I want to make a change

I just want to invest a project to buy an exchanger. you want to build your own company and you know that there are many fake colleagues who pretend

how to find out that a token is credible to buy and trade with an exchanger and an exchanger is nice so I can start many thanks

I think age is no matter. What is important is you already know what will be your business, and what to do in future and what to do if problem come so you can solved it fast. Even young or old age is good to start business.

Tokens that have the daily trading volume above $5,000,000 are normally good ones, at least for a time, but the problem is that they are traded on many reputable exchanges, and people will hardly move to your exchange unless you offer better rates. You can take your chances with lesser-known ones, and maybe you'll succeed with 2 out of 10, and that will cover your other expanses. But overall, it's a risky business, and you should be ready to lose several thousand USD.

what's the good coin or tokeb now on the market that it's good to buy? I want to buy it now until december if you can give me a coin with hope thanks to you

hello sir how to read through the candle in the exchanger? i would like to learn that sir, because i always lost in scalping i do not know how to read the high chin price

you are right now that age is no longer the basis for your interest. Even though today's children are looking for income, so here I am asking for help as I like to learn how to earn online business

         Crypto transactions have no age restriction. That's good news for you. But age helps you because experience in this business helps you. You must be prepared for this "bussiness". Investments in cryptomonades are long-term investments. In conclusion, you do not have to invest more money than you can afford to lose. For the rest, only your trader's skills matter.

There is no age that is not right to start a business provided you are matured enough to know what the business is all about.
The most important thing s to fully have the knowledge of the crypto currency industry and how it operates, once you are fully aware of this, then you are good to go but I will advise anyone below the age of 12 to get their parents or guidance involve but still have full control of the business.

Also for a novice, I will advise you jettison that Idea for a more easy business till you fully understand how crypto exchanges work which requires lots of knowledge,  you can start by pattering with some of these existing ones around you to really learn about it.

I don’t think crypto exchanges business requires traders skill alone, what he intends venturing into is the exchange company itself which is quite capital intensive starting form building their platform and also requires setting up of a location and staffing even though some of them appear to be strictly online but deep inside of some of these exchanges, they fully operate offline too. 

The skill you advise him on is what will make the business run smoothly to avoid being cheated or duped by people he will eventually partner with in the course of establishing it since he also has full knowledge of how the whole system works.

who are the requirements for starting a business online and how much investment should start with a lot of thanks

how do you do the right business to avoid losing a business and how do you say it's a dangerous one?

I just asked the question of how good it is to buy it with hope that we will not lose it and this exchanger

Age doesn't matter bro wherein just stay away only  on some site that need kyc.  Lol  actually it's not necessarily in my opinion  .as long you understand the concept in order to become profitable with crypto you are welcome every time. But of course educate yourself more to enhance your mind set because being confident is useless on this business.

I think there no right age to start crypto exchange because if you are 17th years, you can start a crypto exchange business and you need another person to help you.
But if you only want to buy crypto, then I suggest you buy bitcoin as the investment and don't think about the other coins. But it will good if you can buy another altcoin for the second investment.

As long as you can get the lower price to buy and sell when it increases, then you can make the profit. But if you hold the coins without knowing about the trend, then you will lose your money if you sell. You need to learn more about buy and sell in many sources and try to register in one exchange like Binance, Bittrex, or else.

Do you have any idea on how much it cost to start a bitcoin exchange? it requires you great amount of money considering the security of your exchange, paper work requirements and other stuffs.

hi sir i am just a beginner in the world of crypto. can you please share me all the details in crypto i want to learn it. thank you sir sir

It's not a good time to start an exchange business. There is too much dominance at the top and the smaller exchanges are struggling to compete. You will need to invest a lot of personal capital, don't rely on an ico

ah yes yes you are right now i just thought it was necessary age if it was asking kyc. thank you very much i have learned a lot

I have a lot of accounts with different exchanger like bittrex, bbinancemercatox and many others but mostly bought if the token or coin drops the price. so it's a loss

indeed, to be able to start a new cryptocurrency business requires a huge amount of money but you have to know what is considered not only from the enormous cost but the project function behind the new cryptocurrency that you created because every cryptocurrency created can grow better and more when the project has a very important function for human life. because if you only make a new cryptocurrency without a project that is very useful then it is difficult to do.