Thinking of starting up my own bitcoin exchange

[BitcoinsUK]

Hi all.

I was wondering if anyone could shed any light on how to help me start up my own exchange. Any advice would be appreciated.

Thanks

[BitcoinsUK]

Bump

[BitcoinsUK]

Thanks for the replies.

I was thinking just to start off with, I could do the buying and selling of bitcoins manually. I take it there is no off the shelf type software that could help in anyway?

Also How do you mean other are at risk?

Thanks

[nwfella]

Quite the undertaking.  But go for it!!  Lord knows the network could use some more exchange competition.  Keep gox on they're toes for pete's sake!!!

-nwfella

[jingos]

Max Keiser mentioned recently that Mt.Gox is crud because it just matches up buy and sell orders in the order they are added to the queue and that adding a "market maker" would solve the insane price fluctuations.

[barneyss]

did you get cash enought for payments?

[nwfella]

Max Keiser mentioned recently that Mt.Gox is crud because it just matches up buy and sell orders in the order they are added to the queue and that adding a "market maker" would solve the insane price fluctuations.

This recent activity certainly brought several of gox's inadequacies to light for many...including a friend of mine that purchased quite a bit right near the beginning of rapid decline (~240)...bottom line it's dangerous to have any single exchange ultimately have that much influence over the network as a whole.  Node distribution concept applied in all aspects of BTC seems to be a good idea in general...from Exchanges to mining, to actual dev. work

[btcsharp]

Has anyone done any comparation on the laws of various nations? Where should one open an exchange? And what about banks? You need to be able to accept SEPA transfers, so you need an european bank, plus you need an american bank for american wire transfers...

[deadweasel]

Has anyone done any comparation on the laws of various nations? Where should one open an exchange? And what about banks? You need to be able to accept SEPA transfers, so you need an european bank, plus you need an american bank for american wire transfers...

I nominate you!