Launching Your Own Crypto Exchange

[joedrage]

If you are interested in launching your own cryptocurrency exchange, check out www.andromeda.exchange

They are a cryptocurrency exchange platform, which allows anyone to launch their own exchange. This includes the market liquidity, technology, operations, etc.

It is the easiest way to start your own exchange.

[BillCoin]

Sounds like a cool idea.
But you forgot to mention a lot of important stuff, are you also going to deliver the security that is required to maintain the exchange, are you providing any insurance that the exchange won't be cracked or funds will be stolen?

You said that the exchange holds the funds in a cold storage, who is going to create it and link it to the exchange? because if the owners isn't the only holder of the private keys then it's a big problem.

[syaripudin]

Sounds like a cool idea.
But you forgot to mention a lot of important stuff, are you also going to deliver the security that is required to maintain the exchange, are you providing any insurance that the exchange won't be cracked or funds will be stolen?

You said that the exchange holds the funds in a cold storage, who is going to create it and link it to the exchange? because if the owners isn't the only holder of the private keys then it's a big problem.

yes, I agree with you because the most important thing that an exchange site should still prioritize security features for users of exchange sites that use the site to do trading activities or anything else. there is now so much news about hacking done on some pretty well-known exchange sites and I think with hacking of course it will incur the distrust of users of exchange sites. and of course will have an impact on the decline of crypto users for fear of losing on assets owned on exchange sites.

[buwaytress]

Easy is seldom good. Good is seldom easy. I can understand perfectly why whitelabeling should be attempted for crypto, but there's probably a very good reason, or reasons, as to why there hasn't been any whitelabel offering from any of the recognised exchanges. We see casino whitelabels, faucet whitelabels, simple scripts mostly. My guess is that none of these big exchanges actually have any proper security, not the sophisticated kind they claim anyway.

Woe to those who try launching their own simple exchange. Forget technology, prepare to drown in support requests. One unhappy trader is all it takes to start the scam accusations.

[dutchkay]

Running an exchange is not just what you wake up and start doing immediately. It involves lots of things if you really want that exchange to stand out. Most importantly security is the main key. What assurance are you providing for investors, and server backups. Do you have what it takes to make the site hold when many people signs up. Too many things soybean into consideration.

[joedrage]

Hello everyone, thank you for your messages and useful insights!

It seems that the number one priority for everyone is security. We are holding everything in cold wallet storage, there will be no hot wallet.

Security is a priority for us too, as we would not want any of our clients to experience any type of hack. We ensure that all security protocol will be in place. You will also have 24/7 operations and IT support, so the clients will have no trouble communicating any concerns they might have!

[cpbtc]

Hi,

It says: To be eligible, you must have the basic permits and licenses to operate an exchange.

You offer PaaS. It's CAPEX free. Technically managed cloud, cold storage, etc OK. There should be an OPEX. Any info?

And the eligibity issue In own VPS, anyone may run an UX as proxy. Yours are different. Where or how to get such permits? It's so coorparate

Regards.

[stomachgrowls]

Hello everyone, thank you for your messages and useful insights!

It seems that the number one priority for everyone is security. We are holding everything in cold wallet storage, there will be no hot wallet.

Security is a priority for us too, as we would not want any of our clients to experience any type of hack. We ensure that all security protocol will be in place. You will also have 24/7 operations and IT support, so the clients will have no trouble communicating any concerns they might have!

Security is really everything because if we do talk about exchange it do involves big money on where each trader do own thats why we should really emphasize regarding into this matter.

We are holding everything in cold wallet storage, there will be no hot wallet.

Same on the thing being said above,if someone had access into the hot wallet besides into the owner itself then it would really be a big problem and its really a big "NO" for me.

[nniecan001]

Hello everyone, thank you for your messages and useful insights!

It seems that the number one priority for everyone is security. We are holding everything in cold wallet storage, there will be no hot wallet.

Security is a priority for us too, as we would not want any of our clients to experience any type of hack. We ensure that all security protocol will be in place. You will also have 24/7 operations and IT support, so the clients will have no trouble communicating any concerns they might have!

Security is really everything because if we do talk about exchange it do involves big money on where each trader do own thats why we should really emphasize regarding into this matter.

We are holding everything in cold wallet storage, there will be no hot wallet.

Same on the thing being said above,if someone had access into the hot wallet besides into the owner itself then it would really be a big problem and its really a big "NO" for me.

Cold and Hot wallet is new to me, but if you realize online wallet this past few months. I think, it will consider as a cold online wallet, for the reason to hold every asset you have and to put faith on the token that you invest for. If you feel that your wallet is in the cold side, well I think its better cause you are still keeping that hope that someday you will claim a high profit a worthy profit by teaching your self to be patience in every situation in crypto community.