Title: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on July 11, 2012, 01:01:07 PM Hi guys,
Im iOS & i live in Indonesia. I want to own & host a BTC exchanger. This site operates to matches buyers with sellers of btc & it will only get a profit from the transactions fee. What should i do to setup a btc exchanger? What kind of software i should use? How to run this "btc exchanger"? What kind of source code that i should use from gifthub? I see alot of refferences there, but i confuse to choose wich one is the secure & reliable coding. Please enligth me! If you have / host a btc exchanger,i really need your input & sharing your experience of running them. Thank u & Regards Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: John (John K.) on July 11, 2012, 01:23:11 PM Most exchange sites have their own proprietary code so there's no source code except from the bitcoind interfacing stuff. Which system are you good at? Ruby on Rails or?
Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: ColdHardMetal on July 11, 2012, 01:59:53 PM The code to https://bitcoin-central.net/ is open sourced if I'm not mistaken. PM davout on the forum and he should be able to steer you in the right direction.
Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on July 12, 2012, 07:45:42 AM Most exchange sites have their own proprietary code so there's no source code except from the bitcoind interfacing stuff. Which system are you good at? Ruby on Rails or? Im not a proggramer,so i dont understand about coding stuff, I only have a huge passion about BTC & want to bring them into indonesia, All of your support will be helpfull.thx Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: John (John K.) on July 12, 2012, 07:52:12 AM Most exchange sites have their own proprietary code so there's no source code except from the bitcoind interfacing stuff. Which system are you good at? Ruby on Rails or? Im not a proggramer,so i dont understand about coding stuff, I only have a huge passion about BTC & want to bring them into indonesia, All of your support will be helpfull.thx Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: ledgerman on July 12, 2012, 08:50:51 AM you have 2 posts and you wanna create an exchange?
lol Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on July 12, 2012, 08:56:29 AM The code to https://bitcoin-central.net/ is open sourced if I'm not mistaken. PM davout on the forum and he should be able to steer you in the right direction. Ok thx for the info,i try to search davout here but cannot find it. Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on July 12, 2012, 08:59:25 AM Most exchange sites have their own proprietary code so there's no source code except from the bitcoind interfacing stuff. Which system are you good at? Ruby on Rails or? Im not a proggramer,so i dont understand about coding stuff, I only have a huge passion about BTC & want to bring them into indonesia, All of your support will be helpfull.thx Is there any special requirments for to find this proggramer? maybe he should know ubuntu / what.. I see the https://github.com/bitcoin/bitcoin , but i dont know wich file to start with first.. ??? Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on July 12, 2012, 09:00:42 AM you have 2 posts and you wanna create an exchange? lol Dream big & get it bit by bit. Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on July 12, 2012, 09:01:18 AM Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: John (John K.) on July 12, 2012, 09:08:29 AM Most exchange sites have their own proprietary code so there's no source code except from the bitcoind interfacing stuff. Which system are you good at? Ruby on Rails or? Im not a proggramer,so i dont understand about coding stuff, I only have a huge passion about BTC & want to bring them into indonesia, All of your support will be helpfull.thx Is there any special requirments for to find this proggramer? maybe he should know ubuntu / what.. I see the https://github.com/bitcoin/bitcoin , but i dont know wich file to start with first.. ??? You need this: https://github.com/davout/bitcoin-central . https://github.com/bitcoin/bitcoin is for the bitcoin client itself. The guy needs to be familiar around a VPS/dedicated server, optimally Debian, and know Ruby on Rails plus MySQL stuff. And better find a good one - you don't want to wake up and see all the coins in your server stolen. Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: organofcorti on July 12, 2012, 09:13:04 AM The guy needs to be familiar around a VPS/dedicated server, optimally Debian, and know Ruby on Rails plus MySQL stuff. And better find a good one - you don't want to wake up and see all the coins in your server stolen. I think this is why you might need to start with a smaller project first, iOS. When you are dealing with currency there's a good chance criminals will target you, especially if they think you'll be an easy target and you're getting some volume. If you still decide to go ahead, security should be your top priority and first focus always. Good security is hard. Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on July 12, 2012, 09:14:15 AM Most exchange sites have their own proprietary code so there's no source code except from the bitcoind interfacing stuff. Which system are you good at? Ruby on Rails or? Im not a proggramer,so i dont understand about coding stuff, I only have a huge passion about BTC & want to bring them into indonesia, All of your support will be helpfull.thx Is there any special requirments for to find this proggramer? maybe he should know ubuntu / what.. I see the https://github.com/bitcoin/bitcoin , but i dont know wich file to start with first.. ??? You need this: https://github.com/davout/bitcoin-central . https://github.com/bitcoin/bitcoin is for the bitcoin client itself. The guy needs to be familiar around a VPS/dedicated server, optimally Debian, and know Ruby on Rails plus MySQL stuff. And better find a good one - you don't want to wake up and see all the coins in your server stolen. Ok thanks John. I will learn that link & find the guy first. I'm planning to make it like gox / intersango though. Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on July 12, 2012, 09:16:13 AM The guy needs to be familiar around a VPS/dedicated server, optimally Debian, and know Ruby on Rails plus MySQL stuff. And better find a good one - you don't want to wake up and see all the coins in your server stolen. I think this is why you might need to start with a smaller project first, iOS. When you are dealing with currency there's a good chance criminals will target you, especially if they think you'll be an easy target and you're getting some volume. If you still decide to go ahead, security should be your top priority and first focus always. Good security is hard. May i know what kind of "smaller project" you have in mind? Is there any guy that you can recommend for this security matter? Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: davout on July 12, 2012, 09:18:44 AM Ok thx for the info,i try to search davout here but cannot find it. He isn't very active on the forums, but I think that if he had some advice to give to you it would be : "don't".The actual code that runs the exchange is the easy relaxing part. The hard part is all the rest. Code = easy Dealing with banks, accounting, security, customers, taxation, lawyers, monitoring, automation = hard & stressful Make a solid plan and leave the code thing as the last thing you'll do. And better find a good one - you don't want to wake up and see all the coins in your server stolen. And I don't have time to provide personalized code-level support to potential competition :)Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: Grouver (BtcBalance) on July 12, 2012, 09:21:11 AM Wasn't the interango code also opensource?
http://gitorious.org/intersango/intersango EdiT: https://bitcointalk.org/index.php?topic=35812.0 Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: Danijel Habek on July 12, 2012, 10:11:25 AM Although there is a list of opensource exchanges here https://bitcointalk.org/index.php?topic=87836.0 (https://bitcointalk.org/index.php?topic=87836.0) I'm with the rest of the posters that are giving you advice to stay out of running the exchange by yourself, especially if you're not a coder and security specialist. Even if you manage to hire staff, as I see it you would need substantial volume to support the development, maintenance of solid security protocols, and all the back office procedures while dealing as a clearing house with your banking provider.
If you'd like to exchange bitcoins in person for a start, you could point your community to a project such as localbitcoins https://bitcointalk.org/index.php?topic=86012.0 (https://bitcointalk.org/index.php?topic=86012.0) and start from there without much risk and investment. If you still persist on running your own, keep asking questions, think well and create the project structure, secure the project funds, and look for a dedicated team that you will be working with on a long term. Possibly a local team that you can manage, pay wages in local currency, bitcoin, or a share in company revenue. Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: Danijel Habek on July 12, 2012, 10:33:13 AM you have 2 posts and you wanna create an exchange? lol Postcount doesn't mean that someone isn't up to doing something well. Some guys can do more with single post than some who posted hundreds and left nothing that one could learn from. Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on July 13, 2012, 03:45:32 PM Ok thx for the info,i try to search davout here but cannot find it. He isn't very active on the forums, but I think that if he had some advice to give to you it would be : "don't".The actual code that runs the exchange is the easy relaxing part. The hard part is all the rest. Code = easy Dealing with banks, accounting, security, customers, taxation, lawyers, monitoring, automation = hard & stressful Make a solid plan and leave the code thing as the last thing you'll do. And better find a good one - you don't want to wake up and see all the coins in your server stolen. And I don't have time to provide personalized code-level support to potential competition :)Ok thanks for the input,i'll keep that in mind. I think the same like u too,after the code is finish & setup,im thinking how & what to run this exchanger. Yes it will be hard & stressful,but if the exchange run automaticly, For example..we can drive the customer to do a deposit / withdrawl via bitinstant code, Im sure we can minimize the hard & stressful. Unfortunetly bitinstant havent available for my country currency. Do u know where i can find bitinstant source code? Thank u Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on July 13, 2012, 03:49:32 PM Wasn't the interango code also opensource? http://gitorious.org/intersango/intersango EdiT: https://bitcointalk.org/index.php?topic=35812.0 Yes thank u,i've seen that. I think maybe its their old coding, Do you have any suggestion on what kind of security software i should use? Thx & Regards Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on July 13, 2012, 03:52:30 PM Although there is a list of opensource exchanges here https://bitcointalk.org/index.php?topic=87836.0 (https://bitcointalk.org/index.php?topic=87836.0) I'm with the rest of the posters that are giving you advice to stay out of running the exchange by yourself, especially if you're not a coder and security specialist. Even if you manage to hire staff, as I see it you would need substantial volume to support the development, maintenance of solid security protocols, and all the back office procedures while dealing as a clearing house with your banking provider. If you'd like to exchange bitcoins in person for a start, you could point your community to a project such as localbitcoins https://bitcointalk.org/index.php?topic=86012.0 (https://bitcointalk.org/index.php?topic=86012.0) and start from there without much risk and investment. If you still persist on running your own, keep asking questions, think well and create the project structure, secure the project funds, and look for a dedicated team that you will be working with on a long term. Possibly a local team that you can manage, pay wages in local currency, bitcoin, or a share in company revenue. Thank u for the advice, I think i will start with your advice of setting the local bitcoins for indonesia market first & then develop it from there. Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: Raoul Duke on July 13, 2012, 04:05:09 PM http://depositfiles.com/files/2p6zvadzs
Have fun setting up a Bitcoinica of your own. I'm pretty sure you won't have any difficulty being better than the original ;D Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: Khanduras on July 13, 2012, 10:33:37 PM It isn't really a matter of running certain software, it's general security you need to worry about.
For instance, you'd likely want to keep a firewall on the server blocking all unused ports from being accessed from outside of your internal network. You'd also want to make sure all of the software you do use to maintain the server is as up to date at all times. Also make sure that you don't run software as the root user on the machine unless it's absolutely necessary. You also need to make sure that any scripts you make do not take user input - and if they absolutely have to, make sure it's sanitized first. A good programmer would know what they need to do in order to secure things on the software-side of your website. These are just a few of the many, many, many security issues you need to keep in mind when making a website or service. Realistically, though, you'd want to learn all of these things yourself. Especially if you plan on making a bitcoin business. Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on July 15, 2012, 08:06:55 AM http://depositfiles.com/files/2p6zvadzs Have fun setting up a Bitcoinica of your own. I'm pretty sure you won't have any difficulty being better than the original ;D Thank u. Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on July 15, 2012, 08:13:29 AM It isn't really a matter of running certain software, it's general security you need to worry about. For instance, you'd likely want to keep a firewall on the server blocking all unused ports from being accessed from outside of your internal network. You'd also want to make sure all of the software you do use to maintain the server is as up to date at all times. Also make sure that you don't run software as the root user on the machine unless it's absolutely necessary. You also need to make sure that any scripts you make do not take user input - and if they absolutely have to, make sure it's sanitized first. A good programmer would know what they need to do in order to secure things on the software-side of your website. These are just a few of the many, many, many security issues you need to keep in mind when making a website or service. Realistically, though, you'd want to learn all of these things yourself. Especially if you plan on making a bitcoin business. Ok thank u,i'll keep that in mind. ;) Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: Gareth Nelson on July 19, 2012, 01:37:07 AM Ok thx for the info,i try to search davout here but cannot find it. He isn't very active on the forums, but I think that if he had some advice to give to you it would be : "don't".The actual code that runs the exchange is the easy relaxing part. The hard part is all the rest. Code = easy Dealing with banks, accounting, security, customers, taxation, lawyers, monitoring, automation = hard & stressful Make a solid plan and leave the code thing as the last thing you'll do. And better find a good one - you don't want to wake up and see all the coins in your server stolen. And I don't have time to provide personalized code-level support to potential competition :)Ok thanks for the input,i'll keep that in mind. I think the same like u too,after the code is finish & setup,im thinking how & what to run this exchanger. Yes it will be hard & stressful,but if the exchange run automaticly, For example..we can drive the customer to do a deposit / withdrawl via bitinstant code, Im sure we can minimize the hard & stressful. Unfortunetly bitinstant havent available for my country currency. Do u know where i can find bitinstant source code? Thank u Our serverside code isn't open but if you're interested in integration then get in touch and we can help you out with API client code. What country are you in? Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: John (John K.) on July 19, 2012, 01:42:40 AM Ok thx for the info,i try to search davout here but cannot find it. He isn't very active on the forums, but I think that if he had some advice to give to you it would be : "don't".The actual code that runs the exchange is the easy relaxing part. The hard part is all the rest. Code = easy Dealing with banks, accounting, security, customers, taxation, lawyers, monitoring, automation = hard & stressful Make a solid plan and leave the code thing as the last thing you'll do. And better find a good one - you don't want to wake up and see all the coins in your server stolen. And I don't have time to provide personalized code-level support to potential competition :)Ok thanks for the input,i'll keep that in mind. I think the same like u too,after the code is finish & setup,im thinking how & what to run this exchanger. Yes it will be hard & stressful,but if the exchange run automaticly, For example..we can drive the customer to do a deposit / withdrawl via bitinstant code, Im sure we can minimize the hard & stressful. Unfortunetly bitinstant havent available for my country currency. Do u know where i can find bitinstant source code? Thank u Our serverside code isn't open but if you're interested in integration then get in touch and we can help you out with API client code. What country are you in? Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: iOS on August 24, 2012, 12:26:52 PM Ok thx for the info,i try to search davout here but cannot find it. He isn't very active on the forums, but I think that if he had some advice to give to you it would be : "don't".The actual code that runs the exchange is the easy relaxing part. The hard part is all the rest. Code = easy Dealing with banks, accounting, security, customers, taxation, lawyers, monitoring, automation = hard & stressful Make a solid plan and leave the code thing as the last thing you'll do. And better find a good one - you don't want to wake up and see all the coins in your server stolen. And I don't have time to provide personalized code-level support to potential competition :)Ok thanks for the input,i'll keep that in mind. I think the same like u too,after the code is finish & setup,im thinking how & what to run this exchanger. Yes it will be hard & stressful,but if the exchange run automaticly, For example..we can drive the customer to do a deposit / withdrawl via bitinstant code, Im sure we can minimize the hard & stressful. Unfortunetly bitinstant havent available for my country currency. Do u know where i can find bitinstant source code? Thank u Our serverside code isn't open but if you're interested in integration then get in touch and we can help you out with API client code. What country are you in? Sorry for the late reply,i have a family matters to take care off. Im in indonesia man,nice to hear that & greatly appriciate for your help. Title: Re: HOW TO CREATE A BITCOIN EXCHANGER? Post by: loadrs2009 on August 24, 2012, 05:15:28 PM good luck bro in your project
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