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Author Topic: Running a exchange is a very active job  (Read 1736 times)
shinratensei_
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September 19, 2016, 12:00:38 AM
 #21

Several weeks ago TuxExchange.com launched. I have been a team member since the beta tests, creating an exchange is certainly a very difficult job to do, it needs to be stable, secure and fast. Security is number one priority of course, but the uptime and the speed of the server are also important. Therefor I think TuxExchange will become big, our servers are super fast, we have a secure platform and support 2FA.
And I think more difficult for reaching new users than trying for improving the system. Grin but it's not closing the possibilities if the site is having a good system will trying for get a sympathy for bitcoiners and wanna for joining in them with naturally.

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September 19, 2016, 02:02:42 AM
 #22

I don't think running an exchange website is a very active job. All you have to do is to set it up and do some maintenance along the way just like in any other business/website. The reason why we are using programming so that there would be codes that will automatically do the things like buying/selling altcoins. This is a very repetitive job so we need to set up an algorithm that'll do the job.

I think the only that are very active in an exchange site are the moderators and the support staff.

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September 19, 2016, 04:53:06 AM
 #23

I have no experience in back office of exchange but as a trader point of view I think yes running exchange is (or say should be) a full time job, 24 x 7 there must be some active staff members to monitor the activity of the exchange. Even not replying to a single support ticket can lead you to scam accusation section so exchanges have to stay attentive every time and make sure that train is running smoothly and passengers are enjoying the ride.

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September 19, 2016, 05:16:36 AM
 #24

Well at start it will be. But when robots are created then it wont be a problem anymore. Maintenance will just be the problem wirh upgrades and updates. If you will create an exchange one more problem is making it known.





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Hirose UK
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September 19, 2016, 05:35:50 AM
 #25

i think that running a exchange is a very active job... i believe that the owner of Yobit , c cex , bitrex is spending the whole day on his exchange

I don't think it's done by hand, there is a bot to take care of everything. Yes, the making and preparations are a lot of work, but then the exchanges themselves are't done by hand.

I think so. the dev just needs to create the bot and the script, so the bot will do the job because it's not possible that they sit in their room to handle that exchange. besides, we're in technology era. IMO

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September 19, 2016, 05:45:11 AM
 #26

I think running any website is a busy job, exchange job of course its a busy job because the price keeps on updating every minutes, and then the transaction also at high waves, and there are a lot of hacker want to try to hack the site, so maintain an exchange is a busy and active job

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September 19, 2016, 05:51:48 AM
 #27

Yes definitely running a bitcoin exchange site is more complicated as it seems because only owner can't manage alone the whole site since around hundreds of user trade in a minute and management team have to take extra care for south running of the site
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September 19, 2016, 06:18:46 AM
 #28

I think they spend most of their time trying to secure other people's money against their own employees and also from hackers online. On the other hand, if you look at all the hacks over the last couple of years, it seems as though they not spending enough time, on that aspect of the business. ^hmmmmm^

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September 19, 2016, 06:28:55 AM
 #29

I think they spend most of their time trying to secure other people's money against their own employees and also from hackers online. On the other hand, if you look at all the hacks over the last couple of years, it seems as though they not spending enough time, on that aspect of the business. ^hmmmmm^

Security is a big concerns here since there are many hackers who are preying on sites how they can gain bitcoins/money. Building trust and good rapport to clients investor is a must and should be focused. Once the reputation is damaged, its hard to pacify clients who lost their money.

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September 19, 2016, 07:01:22 AM
 #30

I think running any website is a busy job, exchange job of course its a busy job because the price keeps on updating every minutes, and then the transaction also at high waves, and there are a lot of hacker want to try to hack the site, so maintain an exchange is a busy and active job
Please you can trying for asking the owner of the exchange site if that is a busy job. You just need for sitting in your chair and seeing your monitor and all of that will running for naturally. and you are just need for controlling your security system.

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September 19, 2016, 07:23:00 AM
 #31

i think that running a exchange is a very active job... i believe that the owner of Yobit , c cex , bitrex is spending the whole day on his exchange

yes its a very active job but without having any skills, then you can't be the owner of market exchange, because we should understand about progamming language, and the hard thing is we should know about security of website so we don't have to be worried if in the future our website gets many attack. beside that, we should have a solid team which join to us and they can be the person we count in if something is happen.
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September 19, 2016, 07:30:46 AM
 #32

i think that running a exchange is a very active job... i believe that the owner of Yobit , c cex , bitrex is spending the whole day on his exchange

Maybe you are right, it's really time consuming. I was always wondering how much do they make per day though. I think not that much but I may be wrong of course.

Also I think that if you are owner of an exchange it's not necessary to spend your whole day working there. If you have enough profit you hire someone to do the hard work for you. )

You often begin alone before you starts to find peoples/empolyees to help.
And when you find those people to delegate tasks, it's to work on some others. Managing your team is also time consuming.
The hardest part is to deal with customers and issues. Yes, it's a full time job. If you want to succeed nowadays, you must go full time on it, and support pressure.

Though we are going a bit out of topic here I can't not disagree. I know people who hired those who manages the team and they do almost nothing by themselves, but the most of the profit is going to them because they own the company.

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September 19, 2016, 08:36:53 AM
 #33

i think that running a exchange is a very active job... i believe that the owner of Yobit , c cex , bitrex is spending the whole day on his exchange

Maybe when the exchange is just starting, he will have to be there as long as he can so that he can address the issues immediately and find solutions to problems. I believe it does not happen only to exchanges but to all companies as well who are just starting up but later on when the business is running smoothly then he can be there maybe just a few hours just to check the operations and then let his employees run the business with less supervision.



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johnnyyash
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September 19, 2016, 11:56:04 AM
 #34

sure...and it requires time and effort...dedication comes into play...
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September 19, 2016, 12:49:22 PM
 #35

i think that running a exchange is a very active job... i believe that the owner of Yobit , c cex , bitrex is spending the whole day on his exchange

In my own opinion owners of exchange sites wont be busy since he have staff  to order  to maintain his website and  also to support which would do the work maybe he would  spent few hours only  on checking  profits and any reports regarding to its site,

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September 19, 2016, 01:00:26 PM
 #36

Well for sure to run an exchange people are spending a huge part of their time, improving the code, raising the security, and well i really believe creating the bots, the thing is you will be spending a big part of your time as you need to control everything and expect no one will try to hack your exchange, the earnings might be 1-3btc daily, but the work is also huge.


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darklus123
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September 19, 2016, 01:04:13 PM
 #37

i think that running a exchange is a very active job... i believe that the owner of Yobit , c cex , bitrex is spending the whole day on his exchange

But it is just ok right?  If you are earning decent amounts everyday because of spending some time of running your own exchange site. So it is just very fine with me even if i am not the owner as long as i am earning $15-$25 per day then i will be working 9hrs a day


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September 19, 2016, 01:16:54 PM
 #38

i think that running a exchange is a very active job... i believe that the owner of Yobit , c cex , bitrex is spending the whole day on his exchange

I think sites with Good UI and UX can get low bounce rate. And crease user engagement. Yobit and few other names above are really awesome. But all exchanger sites are running on script. Not manually. And human is animal can make mistake in it but programs dont make even single mistake and run it virtually.

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September 19, 2016, 01:22:03 PM
 #39

Bitttrex has 4 co-founders, when i submit a ticket, their co-founder richie and rami usua;ly answered my questions, so i think their jobs are technical and customer support.
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September 19, 2016, 02:36:12 PM
 #40

i think that running a exchange is a very active job... i believe that the owner of Yobit , c cex , bitrex is spending the whole day on his exchange

I think sites with Good UI and UX can get low bounce rate. And crease user engagement. Yobit and few other names above are really awesome. But all exchanger sites are running on script. Not manually. And human is animal can make mistake in it but programs dont make even single mistake and run it virtually.

I can assure you operating an exchange is more than just a "script". Smiley

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