Bitcoin currency exchange still profitable?

[BlackPanda]

i was thinking about gathering 1-2btc and 1-2k$ and to start an exchange service with 5-7%
do you think it would still be profitable? with coinbase and localbitcoin and all..

I think it will be difficult. with a small capital and large fees you will be unable to compete with other major exchange. not to discourage and your spirit, but now has many exchange that offers a very low fee. The following promo that appeal to every user of the service.

[DuckKeeper]

i was thinking about gathering 1-2btc and 1-2k$ and to start an exchange service with 5-7%
do you think it would still be profitable? with coinbase and localbitcoin and all..

It can be profitable if you find buyers and sellers at the same time, it depends how do you think to start your exchange service, selling and buying locally or how, some people don't care too much about small difference on fees, they only want to buy in cash and avoiding online ID verification.

i dont know what it is because i never used it before but you cant tell people what they have to do they also need to make their own desisions...

[zodin]

i was thinking about gathering 1-2btc and 1-2k$ and to start an exchange service with 5-7%
do you think it would still be profitable? with coinbase and localbitcoin and all..

yes i think it will be still profitable.because people are still taking interest in them, therefore i personally thinking that it will be still profitable.

[outatime1]

I definitely think there is room for another exchange. I recommend that you look at the needs of the potential customers to see what would work best like having an easy way to use fiat to buy bitcoin. If you can separate yourself from the other exchanges, you can make some money at it.