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Title: 0 Post by: bytebulls on May 25, 2020, 12:08:23 PM 0
Title: Re: How to run a crypto exchange and make money? Post by: BlacksmithCorporation on May 25, 2020, 03:18:02 PM Your formula is the basic income of an exchange, but now exchanges have more ways to make money, especially with top exchanges. They can collect fees from listing, IEO, Lending.
Title: Re: How to run a crypto exchange and make money? Post by: bitgolden on May 25, 2020, 08:13:49 PM You have to be a business and you have to have employees working under you in order to really trust everyone. Me and bunch of my friends found a website that allowed you to use their code to create an exchange and they were getting some part of the fee, they actually asked a very low fee and whatever you put on it was your own decision. We looked at the code and it was solid but we didn't even trusted each other.
So, it is not easy to go into something as major as crypto exchange without being a big company, if you do it from home that is not going to be good at all. I also know a person (from telegram, not real life) who is partners in a big crypto exchange in our nation, it is not globally big, it is just a local exchange that helps you change your bitcoins to fiat to your bank account, so makes things easier. He talked about how paranoid he became because of security concerns. So all the making money part is second issue, biggest problem is security and it is very difficult. |