New Service in Cryptocurrency Market

[masterkrypto]

Hey Everyone! I'm a crypto enthusiast & entrepreneur seeking an opportunity to break into a new venture. I noticed some problems in some countries where crypto investors are facing difficulties purchasing cryptocurrencies and thought it might be a good idea to start a business servicing those interested to buy crypto but wants the anonymity. Given the market regulations I think this would be a convenient service. What do you guys think? Would you do it? Any feedback is greatly appreciated. Thank you everyone for the support!

[Vod]

Hey Everyone! I'm a crypto enthusiast & entrepreneur seeking an opportunity to break into a new venture. I noticed some problems in some countries where crypto investors are facing difficulties purchasing cryptocurrencies and thought it might be a good idea to start a business servicing those interested to buy crypto but wants the anonymity. Given the market regulations I think this would be a convenient service. What do you guys think? Would you do it? Any feedback is greatly appreciated. Thank you everyone for the support!

Your illegal website would be taken down by the authorities.  You have to pay taxes on income.  :/

[masterkrypto]

Hey thanks for the response!
To clarify, I am not interested to pursue any business mishaps, hence, my post seeking for advice. I don't know if you might heard of businesses like localbitcoins? It's a person to person bitcoin trading site where people can purchase bitcoins with their local currency.
They've been around since 2012, website is alive and running. I'm sure they also do everything to the books. 
But yeah nobody really knows where the future lies with the cryptocurrency market, maybe, just as you implied, everything could be heavily regulated and governments start to shut us all down..(hope not)! But for the time being I would to explore the market and opportunities at its full potential.
So, going back to the questions - what problems are crypto investors facing? what are the solutions that crypto entrepreneurs can offer?

Thanks again.

[samp123]

You can probably get away with it by positioning yourself similarly to localbitcoins at least initially.. but the bigger short term issue will be customer acquisition since you'll need a large amount of people on both buy and sell side in order to make the service useful to anyone. Tech wise, building an escrow service is also non-trivial... and you'll need to factor in the number of support staff required to resolve issues as and when they crop up. In other words it's a challenging business where you're probably only ever going to be profitable at scale, so you'll need a decent amount of startup capital.

Imo starting a business like Changelly/Shapeshift (where you just integrate with the exchanges) would be considerably easier since you avoid that double sided customer acquisition issue.