Bitcoin Forum

this isn't a new idea but I'm planing to create a bitcoin exchange site. how can i begin with this plan?

Learn PHP, HTML, Ajax, Javascript. Then learn how to use wallets. Then either figure out how to connect the two yourself or come back and ask for advice.

If you have to ask, then don't. You either need the skills, or money to pay those with skills.

I've already learned php and html though..I'm thinking maybe there is an existing script for such then all i might just do is edit few lines to it.

You better not.

why not?

Isn't it obvious? You need a script which you want to modify it, you have no plan and asked here, you didn't talk about your crowdfunding process, your thread has lack of information about you and your project. How can you think your site will be successful?

why every newbie first post a thread "creating a bitcoin exchange"?

Not really. Please stay away from building exchange. Some people will unnecessarily lose their coins on your exchange and ultimately they'll blame Bitcoin.

BitCoinDream giving you best tip right now best thing is be aware of this idea I also lost many coins to cryptorush and pmtocoins now not ready for another lost

you should learn about securiies isssue human error or attack of hacker to secure your website and your wallet . learn about php java etc

ahhh bitcoin noobs  ::)

It is a very difficult job to create and run a successful exchange.

First, you need to do lots of coding (or pay others to do it for you) and make it look good, work fast and extremely safe.
Second, you will also need to handle legal and regulatory issues.
Third, you need to build trust slowly and draw attention from customers (spend a lot on advertising, provide bonus for customers, etc).

hire a professional team to complete this project for you
unless you are a expert coder( from your post i don't think you are one)

How can I create a global banking system? I know how to get a hammer and nails and put together some walls to start making an office.

Basically this is what your asking and if you are asking such a high level question for something that requires so much in-depth knowledge across many different skill sets, it shows your probably not up for the challenge and comprehending the magnitude of your request.   

Didn't Mt. Gox start in some similar way? If I remember correctly a very early version of Mt. Gox was posted here somewhere on Bitcointalk and very serious security flaws were pointed out which remained for quite some time. This stuff is dangerous. If you don't know what you're doing, just dont't do it - for the sake of Bitcoin.

Next to impossible to create an exchange now that there is regulation in place for bitcoin.

We have enough exchanges already,and a lot of them are really bad. Why create another one? Simply spend that money in buying a miner or make some offline investments and they will give you a passive income that is hassle-free at least compared to the problems that you will have running and creating a new exchange from the heads-up.

Which mining machine is profitable? Provide a link with a price if you have one.

Thank

Nope.

Go code a new one.

And if you have to ask, maybe it's not such a good idea...

thats still will disturbing of many factor to secure your exchange . as i say . security issues its more important than anything ..

Okay so I'm a newbie.  ;D

Its just that I want to utilize my skill in making a site popular by doing adwords and have been an editor of a cryptocurrency wiki site. if I can add my exchange site to the wiki site I beleive my exchange site will be known.

Making an exchange is asking for a huge target to be placed on your head.  Sure you can earn lots of money if everybody knows who you are and loves your site.... until it's hacked and people fly to your town to have a "meeting" with you.

I wouldn't advise you doing this unless you 100% have thought things through and done enough research. It takes a lot to make a site like this which means a lot of knowledge not just on code but also on bitcoins and everything else. If you need to ask how you would go about starting a site like this then you obviously haver not done enough research to know what you are doing. It's too risky to go head first in to something like this unless you know EXACTLY what you are doing.

thats a little sad, but 100% right

enhu: what are your skills? Can you design?

It's not that easy. Even if you have a lot of skills you need a good team and capital first. Really challenging road for a newbie.

Great way to start an exchange. What could possibly go wrong? Good thing that exchanges have no big target on their back and do not need any security experts workign with them!

You need reputations and good interface and security to create a successful exchange. No one would trust an exchange that have no reputation around. You would really need to custom built your own front and backend. It isn't easy for any beginners and may be a challenge for some experts. You would need custom features to compete with other exchanges. Your security must also be very good, you would be liable for all lost if your exchange is hacked. Lastly, you need to comply with your local laws. This is a complicated process.

oh god. I admit i don't have much knowledge to harden the site from hackers.


Not really. Not enough CSS skills but I do php/bash scripting and some internet marketing skills like social media which I've learned over the years of reading SEO forums.

If everybody creates exchange site without knowledge, how can we trust them?

Just gonna throw this out there -- If you're asking this question in the "Beginners & Help" section of a forum... please do not attempt to create a bitcoin exchange. Please.

A lot of learning is waiting for you, OP.

mosty not about website all about hacker . makesure you have great talent on security .

Everyone has to start soooomewhere.

To o.p. learn the basics and read up and code much of it, then maybe ask around for help inthe service sec.

wait for this http://openex.pw/

Competition is fierce among exchanges.

For a new exchange, it will be hard to survive on low commission rate with no volume.

learn decentralized exchange system like that AE.
i invested in a newly start up exchange, but it's way too late i doubt i'd get any profits

It depends on how reliable are them, how fast they respond to your support ticket, features and security. In order for an exchange to be successful, they must be able to offer all of the above. They can easily beat old exchanges in terms of volume if you offer things better than them.

But it takes a long time and lots of efforts for a new site to make its users feel safe and reliable about the site, especially after the mtgox bankruptcy.