Bitcoin Forum

Anyone who can help with good information on how to start a bitcoin/altcoin exchange.

biggest thing I would like to know is where to source for bitcoins, or is there a way we can be affiliates with bitcoin.org so when users on our platform buy bitcoins we are provided with bitcoins from any other source or bitcoin.org is this possible.

Thanks for your help.

You will need a lot of money upon starting an exchange. You will need a huge budget for security which you will also need some professionals to employ for its hardening. Partnering up with reputable people who have done it before should be able to help you. I once plan to have my own too. Have you tried checking an exchange script?

Start for trading , First you must registration on exchanger. ( Example : poloniex , bittrex )
Second , you must verification your data self. ( For security )
Third , you must have money / FIAT for trading.
Happy trading  guys.

You need a lot of money, not only some bitcoins to sell to the buyers, you need to invest on security. If you don't have a good group of coders you can loose all your bitcoins on a stupid bug. Isn't easy to start a new exchange.
Its easier if you start a website about bitcoins with a banner to others exchanges, you can receive an small affiliate comision.

It is nowadays a really complicated business. The competition is very keen. If gonna be one of their competitors, why not creating something that live on those platforms? Like a tool to figure out the most competitive rate which exchange offers at the moment.

Have you also seen this kind of exchange already? -- https://nexchange.io  anyone tried this too?
This is kinda simple exchange, sort of a just buying and selling tokens only which made me curious whether how it works and did these guys earn well from the users.

Thanks guys, even though no one told me where and how to source for bitcoins. wanted to know if there was an integration I can have on my exchange where i can source bitcoins for my users and i charge a fee for that.

I will check out the exchange script thanks @bittraffic

I can advise some guys who create cryptocurrency exchanges from the scratch. PM me.

another interesting thing about an exchange is the possibilty to do what I call an exchange 2.0
What I mean is a transparent exchange which makes transaction directly between users with only the interaction of the exchange in the means of a 3-way transaction. the exchange will only intervene when theres a conflict between some of the parts by either accepting the transaction or denying it.
think about it

Buddy if you want to make a bitcoin exchange, I suggest you to contact bitdeal.net. They provide or make the script from scratch according to your idea. But they charge around 4000 usd for their script. If you are ok with the budget, you can contact them. They have made so many exchange scripts which are up and still running without any problems. And for the source , you just make live trading bitcoin exchange . In that case you don't have to stock bitcoins in your wallet.

You are not actually answering the question been asked on here on which op did not asked on how to make tradings which he do ask rather on how to build an exchange and just others said here you would really need huge money on here knowing that exchange business is not a joke.You would really need to team up with reputable persons and also making your site have tight security a good team which would able to handle the duties and responsibilities on running an exchange and there are lots to consider first.

Huh, you gave yourself a hard goal, it's not easy these days to start and run the exchanger. The competition is big, you will need large starting capital, competent experts and excellent technical support. I believe this is not easy to achieve and even harder is to survive on the market. Good luck!

the first you must expert about programing
without skill only buy script, is easy hack and not secure youre exchanger

and then you must big money, without big money is very dificult can get much trader trading in youre site

except you only exchange without trade , this mean personal exchange, same service with unichange.me

I found this article very useful for me - http://merehead.com/blog/how-build-cryptocurrency-exchange-software/ (http://merehead.com/blog/how-build-cryptocurrency-exchange-software/). The main and starting point is company registration and target countries. Choose them carefully as there are a lot of pitfalls like KYC and AML. After it, as already mentioned above you need to choose fiat currencies

I am also starting an exchange. We're quite a way through, will probably be finished this month. Drop me a message if you want to share ideas.

Hi

Greetings for the day!

Is your project still open?

If so PM me to discuss in detail.

Just starting another exchange may not be a good idea even ... there are so many others. first you need to work out your USP unique selling proposition that why people need your exchange then build a team to buil the exchange perhaps by launching your own ICO ....

In theory then you must have a very large capital to be able to make an exchange. In addition you should also have a strong team that can be trusted to provide the best for the development of the exchange. Everyone should have good competence and also good professional. Because you will be risking all the money owned by the user, so security becomes a very important part in order to give public confidence to the exchange. Believe that you can only do that when you have a lot of money and also experience / skills that will help you realize all those dreams.

Welcome to ctypto world. To start trading you must have enough money and also vast knowledge about trading. There are minimum 100 exchangers where you can open account and start trade. you can also focus at coinmarketcap. best of luck.

Nice question. Its very complicated business.
Currently at the market there are more about 200 exchanges and only 10-15 with big amount of users and liquidity.
If you want to make your own exchange, you have a several options:
1) You can buy a white-label system with performance similar to cryptocurrency exchanges, that are in the second hundred of existing cryptocurrency exchanges. It will cost you thousands of dollars (except liquidity program).
2) You can hire developers, product architects and develop you own product. It will cost you millions od dollars. But it could be better if you find people who already made some exchanges.
Both options need a liquidity program. You have to pay to liquidity provider for crypto and fiat liquidity.
But prepare for a long and difficult work)

Hi, if anyone knows any exchange security expert please PM me.

thank you

I don't think someone will just lend you bitcoins for operating an exchange.
I mean, if you don't have the cash, don't even think about it, sorry for this.

The CyberMiles blockchain aims to be the public blockchain for all e-commerce related transactions. Building on the Smart Business Contract technology and 12+ million existing users of 5miles, a top 10 U.S. marketplace app, CyberMiles is specifically optimized for e-commerce. It has the benefit of a single large network, and yet is maintained and validated by the community of trustless peers.

Since the value of bitcoin now is high, therefore you need tons of money to invest in it. You need to read and research and observe to those sites that you enter. You need to go through their legitimacy so that your money will be secure. There are tons of trading sites but you really need to study how will they work out. You should also not base on your emotions but do a lot of strategizing. Hope it helps.

I too have considered starting an exchange.  While there are many out there, there can always be new leaders.  I would suggest doing lots of research and finding out the top exchanges and what users like and dislike about them, then when designing your exchange make sure and put elements/features that you know your customers like, but even better, fix what they don't like, then exploit that when marketing your exchange.

Good Luck!

Hi BiggarTee,


Starting a bitcoin exchange business is not big deal. Because nowadays, bitcoin exchange script is available across worldwide. Choose the secure bitcoin exchange script from bitcoin exchange development company with several features like KYC/AML Integration, Trade engine, Enhance buy and sell order system, Peer to Peer exchange system, Multi-currency pair exchange system and so on...

If you are interested to know more details,   Check out the free demo!!!! (https://www.coinsclone.com)

CloudFish is a startup backed by GeorgiaTech's accelerator in the United States and has recently announce plans for an ICO. CloudFish has a Social, Signature, Content and Referral campaign with great stake.
We are working on Scurity of ICO
Please check out our web site for details about the key innovation we are bringing to the cloud security industry
www.cloud-fish.io

Telegram group: https://t.me/cloudsecurityico

But there are a lot of exchanges on the market right now.

Have you launched your exchange? If yes, please share your experience in the thread. Also, if it is launched, then share the link as well.

Beware of turn key solutions. Most of them have vulnerabilities.

This is not a simple task by any means.

I would start out a bit smaller in this niche.

First thing that you need to research is the countries where Running Exchange is Legal. There are quite a few.
Second Thing is how many coins you want to launch in Phase I and how many fiats (I would suggest you can start with a small number)
Third consideration is security.

However, one thing is sure that there is a lot of money to be made via Exchange and if you have a business plan in place, there is no dearth of people investing in it.

You started the thread in Sept 2017. 7 Months in. Have you launched it? Or whats the current status of the project?

Yes I started the exchange of Bitcoin. Through which I was able to sell various coins and became profitable. For which the people of the world can achieve success in various ways through exchange of Bitcoin.

how did you solve the liquidity issue in the end ?

I did. Exchanged some Doge for BTC several months ago. Everything went smoothly, these guys have a great support, very responsive.


They say they charge 0.5%, but you don't have to calculate anything, the amount on the screen is the amount you get in your wallet.
Idk how much they earn, but probably not that much since they have only couple of transactions per hour on average. Overall I like the concept of a totally anonymous exchange, but for some reasons they don't have many users.

That being said, you should never try to exchange big amounts on any anonymous exchange prior to performing a good research by yourself, which includes reading reviews which are up to date and exchanging small amounts first.

Launch the exchange business is very easy. Because most of the company offers bitcoin exchange script/software to build. This is the best solution to start. From this you can save time and money. And you need not know the technology to build when you choose the bitcoin exchange script (https://www.coinsclone.com).

Hi

We can provide you with a state-of-the-art white-label DEX (decentralized exchange) which is much more tight in terms of security, and there is less competitors in this realm. Plus you can try it before you buy.

We are an experienced blockchain development team, 5 developers.

You can see previous work at:
https://Ethernity.live

Kindly get in touch:
castiglionemaldonado@gmail.com
+59892766400 (voice and whatsapp)
Telegram @Fatima_CM

I'm also about to start an exchange.

Take a look at https://bullbear.club/market/BTC-LTC/ (https://bullbear.club/market/BTC-LTC/)

Maybe team up?

 ;)

As an Advisor..... I can easily assist you with every module of exchange but I would like to first discuss with you and would like to know exactly what are you looking for like just a simple exchange in which you can simply buy and sell Bitcoins.

OR

You would like to go for a little big exchange like listing some good Crypto Currencies on your exchange and get them traded.

OR You would like to go for fully fledged CryptoCurrency Exchange with Margin Trading, Live price tickers, Bis Management, Min/Max purchase sell, Unlimited Currency Pairs, and many more.

To move our conversation ahead, please pm me and let me know your easiest way of communicating with your good time to contact you.

Thanks And Regards
Arun
https://www.linkedin.com/in/arunsachdeva/

Checkout this thread here, https://bitcointalk.org/index.php?topic=5063193.0

First thing you must have to have lots of money. for example 100 btc you need.

then I implemented bitcoin, altcoin and fiat pair exchange software. please look this: https://bitcointalk.org/index.php?topic=5053350.0

this has 5 coins btc, bch, eth, xrp, ltc. you can buy this and then start immediatelly.

I can advise regarding the requirements from a legal perspective as we have setup a handful of exchanges. This includes obtaining money transmission or securities licenses. I wont bore you with the details here, but feel free to pm me

Dear Sirs,

I lead a team of 5 blockchain developers, we got good experience writing smart contracts and dApps.
We have already put online 2 distributed exchanges and can help you start up your project.

You can see our work at:
https://ethernity.live

I am at your service to provide you with further details or discuss any project related issue.

Best regards,
Fatima

I can tell you a few things:
- a simple exchange it is easy to get, but it relies on 3rd parties wallets
- if you aim toward a real trading platform, the things are more complex (and expensive)
- if you want to generate and handle wallets, the things are extremely difficult

I worked about one year along with other developers to build our own exchange. We picked the best core we could find and moved on. Initially I though it would take about 1 month (max) to have it ready, it finally took me an year.

What is important to notice, as I though a lot about this before starting the project: we do not store private keys. We rely on the bitgo api to secure the coins and to have a backup record of each transaction. So if you want to store wallets, that it's a huge challenge.

I have worked for more than 10 years as a developer so I understood pretty well the security requirements from the very start. If you are not a developer yourself, you will need to trust other people for dealing with sensitive code parts, which potentially can leave the door open to hackers. So be extremely aware.

IMO, at this point you could buy a PHP based exchange script, which relies on 3rd parties wallets. The disadvantages of such an approach are obvious though: you depend on a centralized exchange rate and pay fees to the wallet providers. But even in this scenario you need a lot of security, as you will still store some personal data that could potentially could leak funds in case of hacking.

Can we lock up this thread? Its been a year already and being bumped out with those newbies above.

---

100 BTC isnt a bad start up but you are just simply advertising or suggesting your software.

Hi Team!

I can see you are holding your nerves to choose source for Bitcoin Exchange Website Development, here I would like to mention Zab Technologies a leading crypto based development company providing highly secured modules for their cryptocurrency based applications!

Take a look at their site (Zab Technologies) and get and idea on how to implement/develop cryptocurrency wallet development.

Yes, I agree with you.

A "normal" exchange is difficult to pull off now. You probably missed the party on that one. However, might work if you have a unique selling point.

Here are some ideas. I like to make lists so bear with me.

(1) Geotargeted: How about an exchange that targets a specific region that is underserved? Central or South America.

(2) Industry-specific: Exchange that focuses on a specific industry. That's a tough one. You would have to come up with an API that would allow automatic exchanges. Like coinpayments.net .

(3) Specific demographics: Older or less tech savvy people. Make it simple to use so anyone can use it.

I'm sure there are more USP's but those came off the hip. .Best of luck to you.

It is certainly not easy to start a cryptocurrency exchange. We, at bitqist (https://bitqist.com), especially underestimated how certain organizations oppose against cryptocurrency-related companies. For instance, it is very challenging to open a bank account at a reputable bank as a cryptocurrency-related company.

Crypto Mainframe currently provides users with a source for credible crypto news, ICOs, and live prices. Users of our platform will benefit from a dynamic exchange aggregation system, which consolidates the prices of major currencies from over 150 crypto-currency exchanges worldwide!

So currently crypto mainframe is a news site which pulls news from 5 different news sites and post related contents to site while reposting to socials.  Also a integrated coin market cap with and coin to exchange aggregation system.  Also allow the ability to buy Crypto direct from site using Challengly.

I am currently working on an open source exchange which will follow the Binance model for coin and discount.  The exchange will also host a mining pool for all mineable coins offering high discounts for own coins in exchange for mined coins.

Currently looking for partners as i am working on building the Crypto Mainframe Decentralised Team   

Crypto Mainframe will soon be launching it's own crypto-currency exchange with enhanced features, focused on delivering a reliable and secure 'decentralised'​ trading platform.   ....look out for the White Paper for Crypto Mainframe Exchange.

https://t.me/Crypto_Mainframe

https://www.cryptomainframe.co.uk
https://twitter.com/CryptoMainframe
https://www.linkedin.com/company/cryptomainframe/

Feel free to PM in for any more information or any advice regarding Crypto

We also want to start crypto exchange.
Maybe we can list of people with different exchanges?
Overall, I am pissed off by exchanges with difficult listings.
We want to make exchange with free listing for all the projects.
Free entrance for raising capital.

Is there a list anywhere of exchanges with free listing?

Of there are crypto exchanges site that offer free listing but your project to have a huge community support first before you can apply for such exchange listing and the best way for you to get huge community support is by hosting an airdrop campaign. However, I believe exchange like Nexybit and crex24 does that you can contact their representatives on here.

Their would be requirement of licenses as per each country rule or their government polices. Firstly may be a regulator nod would also require if your country still has not given a green signal of legally accepting the crypto currencies. Then yes you would require the best of the security so that no lapses occur and your wallet's get hacked.

 Exchange https://freetrade.finance have a free listing of coins

1.Service for the distribution of airdrop and bounty
2.Holding trade contests for your token
3.API link for Coinmarketcap or other aggregators
4.Payment service for ICO
5.Investor's office (create and sale of tokens and conduct ICO).
6.API keys for the operation of the trading bot

https://freetrade.finance