Planning to launch an exchange for crypto-currency trading.
Came across these guys -
http://www.merkeleon.at/exchange/. Looks nice, but I'll appreciate any advice or credentials.
Thank you in advance.
Frankly speaking, a crypto exchange is a far more complex business that a paid script can control. There are hell lot of crypto exchanges in the market but only a few are good. Majority of them are prone to hacking and they don't have a plan B in case anything goes wrong! Frankly, not everyone can become a Binance like exchange!
So if you are planning to build a crypto exchange based on a paid script that are available in the market for all, please don't execute that idea!
Go ahead with the planning of creating a crypto exchange only if you have a sizable funding behind you and you have a plan B in place if anything goes wrong!
Sometimes, plan B is still not working when you do it so always ready a plan C. Maximum preparation is upto plan C, if that fails then you have nothing to do with it. Planning to have a crypto exchange is not that sudden and easy to build.
It is very complicated as you think, mostly if you're not knowledgeable enough to regulate crypto. These crypto exchanges are uncertain to try because some are good but many are scams.
That's true that they sometimes lack on security so it is prone to some hackers and errors so be careful. Think critically before engaging with crypto.
