Bitcoin Forum

I have a little capital, but I have a desire to start a business, namely to become an exchanger. I will open a service for people who may need a small gas fee to buy it from me, such as ETH and BNB or whatever coins consumers need. The plan, I will promote my business on social media.
I want to ask, is this kind of thing allowed in this forum?
Also, is there any way we can make our reputation good and be trusted by consumers?
Because definitely in starting this business there needs to be consumer trust in us.

Thank you

Yes. There is a child board for Buying/Selling bitcoin on the forum, Currency exchange^[1].
It is totally legal on the forum.

Reputation can only be built by proving you are reputable to other members, you start small and show you are trustworthy to potential customers. You can start by working with a reputable escrow^[2] on the forum to make it safer for customers.

[1] https://bitcointalk.org/index.php?board=53.0
[2] https://bitcointalk.org/index.php?topic=276897.msg2955628#msg2955628

- Jay -

It's a brand new world out there. Plain and simple. And the more we all get involved, the better it will get. And the truth is, in this industry anyone can run a successful business. It just depends upon how committed you are in reaching your goals.


Yes, you can start your own cryptocurrency exchange business on this forum.


It would take a lot to build a reputation as trusted, so your best bet is to put out an excellent product that people want. Also, it is important to be transparent and responsible to your customers.

Ultimately, there is no guarantee that your exchange will be successful. There are many factors that can contribute to its success or failure, but with careful planning and research, you are more likely to succeed. The key to success is to focus on marketing and finding new customers but also make sure that you offer something that no one else is offering in the same niche. Also, do some research into all of the regulations that you will have to follow when dealing with cryptocurrencies because some countries have strict laws regarding this, and you can find yourself in a lot of trouble if you don't follow them. You may have to register as a money transmitter or even fall under KYC and AML regulations.

Bitcointalk gives you the freedom to do this. Local laws where you live may not though.

If you've got some Capitals I think starting with search engine marketing is better than beginning on social media. The social media market has nice traffics, but it'll stop flowing the moment they is a bridge in your capital or you cannot maintain your ad campaign. I think beginning here and posting on some cryptocurrency related blogs about who you are and the services you provide will stand out and give you great rewards when you run out of capital and it'll keep bringing juice to you for years. When the profit is enough then you can decide to switch back to social media and run continues campaign, influencer marketing etc and you'd be surprised at the numerous amount of clients that'll come your way.

That is possible if you really want to do it but I will give you an advice about its risk when you want to become an exchanger. Set aside the risk I mentioned and just focus on safety first which you will surely have to spend money for escrow if you really want the transaction safe or the one who wants to exchange their crypto doesn't use your service unless you allow the user to use escrow. It is not that easy to gain people's trust when you want to start that business. About the risk, there is a chance that you might get scammed but there is a solution for that. An example of exchanger with a platform and very very low chances being scammed. Capital is also important. Maybe you'll do the same and here's the site for you to check https://fixedfloat.com/en/.

Nothing is bad with you handling your promotions on different platforms including here, but what needed to be taught is that you cannot just post a thread anyhow you want, each topic has category of the appropriate board it belongs , check the forum boards and their respective requirements for posting by the pinned threads yiu see there on those boards of interest, read them and post appropriately and as expected.


This is not a finished product that can be edible so using the word consumer here isn't fine enough, why not used customers or members instead, also as long as you does not scam people your reputation will be earned from the level of what you offer and how they have trusted your delivery services, so don't demand for reputation but rather earn it.

There's no problem in doing that plan of yours, it's a business but before you do that think of the local rules that may need to apply you some permits and might ask you for requirements when you're just starting or when it's already profitable.

It may take time before you'll get some reputation but marketing it on social media is one of the typical strategies these days. When your business is booming or starting to get attention on social media, be wary of those imitators and scammers that will target you and your customers.

You can advertised it here: https://bitcointalk.org/index.php?board=53.0

The plan, I will promote my business on social media.


Of course, the more exposure for your business, the better.


Well then do a good job satisfying your costumer/consumer. Be attentive and on time when dealing with others because for sure one challenge is the time zone.

So maybe you can gain the trust if you meet everyone's expectation of your services.

nothing is stopping you, you are free to do so as long as you do not commit fraud in the forum.
if you want to build a reputation related to the business you want to build, I make sure to multiply your transactions honestly and kindly.
you should know, you are not the first person to build a business like that in forums. someone already told you the right place to do it. you can see more about businesses like yours to give a broader view.

Yes, it's allowed as people said above, this forum might be your stepping stone to achieving trust in the user or building your trust.
You can maybe gain your trust here while advertising your project, there are a lot of users here doing business while staying here in the forum, like lending services.  But of course, since you're a newbie here in the forum you need to be patient while running your service here.

Well, good luck with your business and be careful of a possible scams.

That's allowed in the forum. I think you can also do that in various social media. You just have to make sure there is a way for transactions to be secured. Here in the forum, you can check the profiles of other users, especially their trust rating. With your current rank, it would either be that you will send the money first, provided the other party is a highly trusted member, or you will use a reputable escrow. I'm not sure what escrow mechanism you would safely use in dealing with clients through social media, though.

if you have started on social media or crypto communities outside the forum it will be easier for you. so you already have a customer. I see several people like you on social media.
You don't have to look for a reputation if you run your business well. that reputation will stick with you.
maybe you can start with people on your local board. as transactions of small amounts are usually limited to deposits and withdrawals from exchanges. if the transaction is with your local fiat, it will be easier.

I just pray that your business goes well.

Actually I want to support your business, but when I read this sentence it looks like you have a plan to scam after you've gain trust by customers. So I wouldn't tell you anything about trust and reputation in this forum.

If your business has a site and it's not only for exchange, you can create your thread on Service announcement board [1] If you're only offer currency exchange, you need to post it on Currency exchange board [2].

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[1] https://bitcointalk.org/index.php?board=84.0
[2] https://bitcointalk.org/index.php?board=53.0

How experience are you? This is very important because users funds must be safe at all cost, if you aren't experienced hackers will pay you a visit, you will lost money and you will become a target by the law..

Running an exchange is one of the hardest thing to do in this space, do not listen to those making the whole thing look easy it's not, you will need to hire some experts too because you can't do the whole thing on your own.

Reputation you say? That will come on it's own, deliver first and people will start tristing your platform, good luck.

When I started a business then alongside with a family member, reputation was the hardest thing to build for the business so it could keep getting patronage. But first before our services and products could start to market themselves, the first reputation that I noticed was considered before clients gave us jobs as a new business was the reputation of the people who have the business.
Are they by nature, people who keep to their word even before they started the business?, these are things that can be checked, either by extensive inquiry involving some sophisticated methods, or simply find out from people that know you. Reputation in business is built, build from the reputation you have as a good person when starting.

Yes, I understand very well when you suspect me of doing something I shouldn't have done, also because I see a lot of fraud committed by people, moreover I am a relatively new person in this space. I will prove when what I plan has been realized.


Thank you in advance, there are many lessons that I can take from here.

You are permitted, but keep in mind the risks associated with this business if you plan to do p2p here. It's also a matter of trust. I am relatively certain of that people will not trust you at first, and you will need to use an escrow service. However, if you can create an instant exchange, you may do well. Even so, in both cases, you must gain the users' trust. Another question is why people will use you instead of Binance or another exchange. There should be a convincing reason for someone to use your service.

Well I understand what you mean but I think the language is wrong, you are probably talking about being a crypto-currency vendor.

Well for example just on my contact alone there are lots of Crypto-currency vendors and I think it’s so with many others, it’s a good thing but it fast becoming over populated, but if you are genuine and have good consumer base then it’s really not difficult.

Building a reputation on this forum starts by staying longer, and doing small business first. If you just registered and make one or two posts, it will be difficult for others to trust you since nobody knows who you are, and there is no trade history either. Participate in forum discussions, make valuable posts for others, be helpful, etc.

Most scammers don't want to use escrow for any transaction, so you might want to use them for a start regardless of how much your deal is worth. There are many escrows with years of reputation here, so there risk is lower for both your client and yourself as mentioned above. Of course, you'll still get a negative reputation even if you use escrow if the deal/business itself is scammy.

If you're not going for P2P and instead build a website/platform where the user needs to trust you without any safety net, it would be incredibly difficult to get customers IMO. Unless you post more details about yourself or your business, nobody will use it since there are other reputable alternatives. You also need to be unique, if what you can offer is only a cheaper price, you'll probably struggle a lot in competing with other businesses. At the end of the day, you'll need to be flexible and react according to the situation, so good luck.

if you go to this (https://bitcointalk.org/index.php?board=53.0) and this (https://bitcointalk.org/index.php?board=65.0) section then there you will see some members with a good reputation in this forum doing personal business well in forum, without any restrictions. then of course you can run that business too, what you need to do is learn more deeply about the exchange business that you are going to do so that you don't lose money in the future.


to be honest, a good reputation cannot be built overnight, it takes years to earn it, there are even many exchanges that have closed even though they have been running for years because they don't have regular customers and also can't attract more customers inward due to the lack of customer trust in them. my advice is that you have to slowly show customers that you are a person who can be trusted, don't be pushy and want something instant.

building a reputation is not easy and cannot be done instantly, it takes a process to gain the trust of customers. When someone wants to become an Exchanger, they need good service to customers and explain what they will provide so that customers can exchange their assets safely without any problems.
When a customer is satisfied with the service provided, it will be a plus and will affect the next customer. This is an effort made to build a business with customer satisfaction being prioritized.

There is also a security issue in the sense that you may get hold of coins related to scams, thefts, hacks, and if any authorities are tracking those coins you run the risk of getting involved in serious issues.
I still remember from years ago in my local board there was a member who exchanged like $150 worth of BTC with another user on localbitcoins and the other one then  and the other then turned out to be an international arms dealer.
Police called him and he had to explain of which nature was his relationship with that criminal.

Yes of course its allowed. But building it up is not as easy as it says. Exchanger need to earn or muster up a lot of reputations from users and its not gonna work overnight or even a stint period of time. There are plenty who plans this already and got failed due to lack of transparency and even community support. Might focus first on building up marketing and community affiliated matters to promote it.

Doing that is not a problems in any way but what would count most is trust, it's very hard over here for a newbies start such kind of business don't get it twisted you are permitted to do whatever you want but my concern over here is reputation. There are lots of risk involved while doing such business maybe do I say you wanna run p2p services or something similar because if you think of building centralized exchanger it would definitely requires a lot possible your country or locality where you based might give you tough time to operate such business over there.

It is allowed onbthe forum provided that you adhere to the instructions guiding it, alot of people come on board to advertise their services but there's one thing that you will need to consider first which is trust, if you stay onnthe forum for somewhile with a well maintained reputation from the services you provided then people will trust you, but you need to first trust yourself and what you can deliver at first.

Allowed with your planning become an exchanger for selling gas fees transaction trough ETH, BNB, Matic or other network need fees when selling coin, but first you have build with your reputation and make famous about you are trusted gas fees seller. I have little suggestion if you want active become reseller with gas fees need faster respond and always on time when your costumer need your service.

My country have many people become reseller for fees transaction and the have accepted all stable coin buying or selling, but their reputation have build for long time and we don't scare when making transaction without use escrowed.

You can be just anything you want on the Internet. Perhaps in promotion, you might need some bulk money to do this as you would be employing the services of others aside yourself but in having a successful service and to gain trust, you need some insurance on your part so the people who wishes to use your services would be sure there money is secured.
The cryptocurrency is a field that is built largely on trust and trust is just something you don't give easily, especially to some one or platform not known to you locally or certified by a trusted organisation.
If it is an exchange you really want to start, it would require some funding but, if it is a vendor you hope to be, you could start by offering services based on your available capital.

The idea is good but involved a lot of money and if the exchange you're planning to create is no KYC/P2P.  It will be easy for you to have a good reputation if create an expensive site, have good customer support, a fast deposit/withdrawal feature, a marketable Ann thread, and have a signature campaign advertisement on this forum.
Once you have a good reputation on this and also do some marketing outside the forum it is easy for the exchange to get the needed trust, traffic, and reputation.

It will be quite hard for you to get the trust and reputation in this forum moreover you are still newbies. It is normal for everyone here to use a trusted exchanger, I mean, P2P for selling and buying any coin here. It is normal to be more careful about anything because right now there are so many scammers that are also providing this kind of service.

But, I really appreciate your effort here because you are brave enough to say your plan here. Actually, it is possible to do that, promoting yourself as an exchange (P2P) in this forum and also on social media. But, once more, this will not be easy. You need to start several transactions with several people to make you trust enough. Or alternatively, you may need to build your account first right here, so, you may become more trusted again by having a higher rank. Sometimes, a plan needs more effort to realize it. But, if you are really willing to do it, you may face the easiness of every effort by struggling more.

I also have known some people who are doing this. Probably, you can start by offering to your friend first on your social media. So, you can gain the trust of your customers. I have some friends on social media who are also being exchangers and they gain the trust for a longer time, gaining from one to more customers, firstly, they got a reputation from their friends as customers. But, be careful with the new customers, and ensure that you are also not scammed by the new users. And once more, never disappoint customers or cheat to keep your reputation good.

the idea is new and I wonder how the OP came up with such a good business story...

OP, if you are really a beginner in all of this and you have to ask here about the legality of the exchanger business, I'm afraid it's not for you. maybe you should think about what your abilities and knowledge are, and based on that you should make investments.
you will certainly be on very slippery ice, but it is a great advantage if you know how to slide.

exchange is a business that provides services, which means business people must maintain a reputation and good relations with users/consumers. if something goes wrong -the trust that has been tried built will collapse quickly, then building an exchange business is not an easy matter.


the authorities will definitely monitor an exchange platform closely, especially if the exchange is used as a trading place for criminals or money laundering, then the OP must be able to choose wisely, whether he wants to build a small exchange business with a P2P concept (like some of the members of this forum did) or a large exchange like DEX/CEX.

Yes, the idea is new and the cryptocurrency community always likes innovative concepts than projects imitating previous project concepts is the reason why I believe it to be a good idea.
OP said, " I have a desire to start a business". Technically, it's his long-time dream, not a business story he can come up with today or days ago.
Not speaking for the OP but these are the impression I had when I read the OP's post.

OP, never said he's a beginner in the cryptocurrency space. However, he's yet to know how things work on this forum and the business advertisement that is allowed.

If you have a little capital it would be better to sell P2P based exchange, since Decentralized Exchange and Centralized Exchange need a huge of money to pay employee for their website especially the security. Either you can sell here or become P2P on an CeX.

Binance and Bybit currently Provide P2P exchange or you can GO to localbitcoin and bestchange

It wouldn't be an easy one but it's going to worth it and I promise you that.
One other thing you have to do is possibly going to register on some exchanges as a p2p agent and possibly do so for more than one exchanges and always be ready to press your phone at all times.
I just hope you also know that Bitcoin is very volatile and very risky and for whatever seems good, also has some negativity too.
You can be an exchanger over here and it is very much welcome because there are lots of other businesses been done and promoted over here.
Bitcointalk forum is a community and not just a forum .

This is a good idea, I only hope you have carefully thought about it and have the needed capital to achieve it. Mind you, if you want to be an exchanger, you should know about the requirement and need on your part and the part of your customers as this offer is not really difficult to take elsewhere by your customers if you could not beat the present competition. And for your gain to be measurable, you might want to add fees while you are engaging in exchanges from coin to coin, which I don't think would pay you in the end.

The only aspect you may make gains is from crypto to your local currency, which might be targeted only toward the customers that are spending your local currency.

Since you are a newbie, who isn't known here, and currently have 0 trust and distrust, you may have  to be the first one to do the transaction before the user that has a name here. Or you can use escrow service.
I wish you good luck. And I hope you have no plans to scam anyone here.

Yes, to be honest, I'm not new to the world of cryptocurrencies, but I found out about this forum when someone introduced me to it. I had an idea like that when I needed a gas fee to make an exchange, and at that time my friend gave me a loan from the BNB he had. And it wasn't just that day, because apparently my friend did the same thing when he needed gas fees and he borrowed from his friends. I studied it all and I found an opportunity to do business there.
I think maybe when developing it will be a promising business in the future. But here I want to clarify that the exchanger I mean is myself without creating a specific platform, or in other words I only send coins from my address to the buyer's address.

This wonderful forum allows for this type of development, but you must adhere to the forum's rules and regulations.

Reputation is something you can gain in the forum if you deliver your services well and avoid any kind of forge or incomplete transactions caused by your mistakes, which may cause a user to report you to the public. It is also recommended that you make all of your transactions public in order to gain more evidence and reputation.
Best of luck.

TThen it's okay. I see some users suggesting escrow but I'm not sure if it's really needed only for exchange service for network fees because it ensures small transaction amount.


This means you open a service here and make a promotion outside the forum? Handling I think will be too complicated, you should have more specific rules. Social media is known as a hotbed of scammers.

If you provide your services locally maybe it will work or provide p2p trading on Binance, localbitcoin, Remitano, localcoinswap, etc.  But on this forum, I don't see this working then because people on the forum can easily create a P2P trading thread with their offer, and the last time I checked there are some reputable members on this forum that also provide p2p crypto trading services.