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Author Topic: Starting a Crypto Currency Exchange  (Read 1592 times)
CryptoSocial
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May 11, 2017, 02:39:36 PM
 #1

Hi,
   We are planning to start a platform for trading various crypto currencies and would list new Altcoins as well.

The plan so far is to provide a social platform, where people, apart from trading,
  • Could get in touch with like minded people,
  • May choose to trade anonymously or reveal there profiles with the bids
  • Identify local seller / buyer and deal in fiat currencies directly
  • Can utilize escrow services

We are looking "Crowd Funding" as the primary source of funding.

Any suggestions including but not limited to "Security", "Legality" and "Raising the Funds" are welcome from the community.

Thanks in advance.  Smiley
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May 11, 2017, 02:46:34 PM
 #2

Sure, how much you need?  Grin
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May 11, 2017, 02:55:25 PM
 #3

So you are going to launch an ico to launch a new exchange,well are those existing exchanges launched an ico to established their exchanges I don't think so,better forget it so many exchanges here are having a hard time establishing their share of the market because of the more powerful and big exchange..

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CryptoSocial
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May 12, 2017, 11:34:57 AM
 #4

But listing coin on bigger exchanges is not everyone's cup of tea  Sad
Queen B
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May 12, 2017, 05:49:44 PM
 #5

for crowd funding first need crowd then crowd need money and believe in project for exchange
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May 12, 2017, 06:03:20 PM
 #6

There are so many crypto exchanges online but you can try your own . For the funding you need to write your white paper first. It is from the white paper we will know what you up to sir.

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May 13, 2017, 01:54:56 AM
 #7

But listing coin on bigger exchanges is not everyone's cup of tea  Sad

Because some coins are just scam coins and they are obvious so those exchange do not want their exchange diluted with bad coins,so you are going to create an exchanges where every one can get free and no restrictions for a new coin,better show your profile and those people behind your project.

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CryptoSocial
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May 13, 2017, 06:08:45 AM
 #8

I simply shared my experience, I don't remember mentioning any where "Free and Unrestricted" coin listing
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May 13, 2017, 06:50:24 AM
 #9

Before asking that much better if you provide some legalities about your info,data sheets,escrow or whatsoever valid thing you can show up onhere since we already saw some scam crowdfundings outhere and I think that is enough for us to determine or frequently ask deeply on this kind of scheme. And im wondering how would you compete on other big exchanges out there where in first place you don't have any budget for it for start up.

If you think your plan will became successfull someday i think much better if you go find some money for yourself and just work for your own exchange without asking some investors onhere.

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CryptoSocial
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May 13, 2017, 08:40:46 AM
 #10

Before asking that much better if you provide some legalities about your info,data sheets,escrow or whatsoever valid thing you can show up onhere since we already saw some scam crowdfundings outhere and I think that is enough for us to determine or frequently ask deeply on this kind of scheme. And im wondering how would you compete on other big exchanges out there where in first place you don't have any budget for it for start up.

If you think your plan will became successfull someday i think much better if you go find some money for yourself and just work for your own exchange without asking some investors onhere.

I believe my writing gave a wrong message. I haven't yet asked for any funds from anyone Wink, all I put on was an idea and asked for recommendations, suggestions and ideas from the esteemed community members, that would help creating the overall draft and may be educate us and many others about a lot many things, we might miss otherwise.

BTW everyone questioning for legalities and other data are also helping us understand the topic better, however, just wanted to clear my intentions on putting the post.

I thank you all for your suggestions and waiting for more to go ahead and build a strong concept with the support of community members Smiley
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May 13, 2017, 12:13:22 PM
 #11

my dream exchange:

decentralized as far as possible, transparant monthly biz report

fiat compatible, good mix of good coins and new ones, maybe an extra trade area where new gems are put in

earn coin that you get if you have aot of trade volume, free trade volume for the ico investment (like exscudo)

public portfolios with follow like and share options(like ethbits)

masternode hosting service decentral through sidechains

some sort of new security system that prevent coin steal

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May 14, 2017, 04:55:35 AM
 #12

my dream exchange:

decentralized as far as possible, transparant monthly biz report

fiat compatible, good mix of good coins and new ones, maybe an extra trade area where new gems are put in

earn coin that you get if you have aot of trade volume, free trade volume for the ico investment (like exscudo)

public portfolios with follow like and share options(like ethbits)

masternode hosting service decentral through sidechains

some sort of new security system that prevent coin steal

just decentralized look good to me  Grin
no funny bizniss
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May 14, 2017, 09:44:19 AM
 #13

I believe my writing gave a wrong message. I haven't yet asked for any funds from anyone Wink, all I put on was an idea and asked for recommendations, suggestions and ideas from the esteemed community members, that would help creating the overall draft and may be educate us and many others about a lot many things, we might miss otherwise.

BTW everyone questioning for legalities and other data are also helping us understand the topic better, however, just wanted to clear my intentions on putting the post.

I thank you all for your suggestions and waiting for more to go ahead and build a strong concept with the support of community members Smiley
I guess you actually did ask for some funds but that's okay if you create some escrow with yours own money + let others send money to a trusted member.
There are many trading and exchange sites. I think it is a wrong idea to try doing one site where one both trades coins and can buy them for different local currencies. I suggest you do some one thing out of it. And IMO a more needed now and more easy thing for you to do is a website where one can sell btc, eth and ltc for various local currencies (you can just send them money on their cards. Dealing with many altcoins is too hard, for many of them are worthless + the prices are too unstable. And it would be good if there was no registration on your exchange site at all. Good luck!

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May 14, 2017, 02:53:49 PM
 #14

my dream exchange:

decentralized as far as possible, transparant monthly biz report

fiat compatible, good mix of good coins and new ones, maybe an extra trade area where new gems are put in

earn coin that you get if you have aot of trade volume, free trade volume for the ico investment (like exscudo)

public portfolios with follow like and share options(like ethbits)

masternode hosting service decentral through sidechains

some sort of new security system that prevent coin steal

The irony is that every one complaints about coins being stolen from exchanges, however still most users don't even take pain to activate 2 Factor authentication, which is a part of almost every exchange these days.
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May 14, 2017, 07:18:25 PM
 #15

Hi,
   We are planning to start a platform for trading various crypto currencies and would list new Altcoins as well.

The plan so far is to provide a social platform, where people, apart from trading,
  • Could get in touch with like minded people,
  • May choose to trade anonymously or reveal there profiles with the bids
  • Identify local seller / buyer and deal in fiat currencies directly
  • Can utilize escrow services

We are looking "Crowd Funding" as the primary source of funding.

Any suggestions including but not limited to "Security", "Legality" and "Raising the Funds" are welcome from the community.

Thanks in advance.  Smiley

Starting an exchange is good idea, but a lot of things to be considered before starting one including securities of wallets and user's coin.
Raising funds for new exchange wouldn't be good idea i think.
Anyway you can pm if you really interested  in starting an exchange.
Maybe i can help you out.

Fully decentralised            Base currency of project Bitmxittz            Fair distribution  
    ***Max. supply 10000 coins***            |||                  Bitmxittz                |||            ***No Fundraising, No ICO/IPO***
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May 14, 2017, 08:33:12 PM
 #16

Hi,
   We are planning to start a platform for trading various crypto currencies and would list new Altcoins as well.

The plan so far is to provide a social platform, where people, apart from trading,
  • Could get in touch with like minded people,
  • May choose to trade anonymously or reveal there profiles with the bids
  • Identify local seller / buyer and deal in fiat currencies directly
  • Can utilize escrow services

We are looking "Crowd Funding" as the primary source of funding.

Any suggestions including but not limited to "Security", "Legality" and "Raising the Funds" are welcome from the community.

Thanks in advance.  Smiley

Starting an exchange is good idea, but a lot of things to be considered before starting one including securities of wallets and user's coin.
Raising funds for new exchange wouldn't be good idea i think.
Anyway you can pm if you really interested  in starting an exchange.
Maybe i can help you out.

poloniex is having trouble and instead of creating a dex you decide to just create another centralized exchange?

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May 15, 2017, 05:15:59 AM
 #17

Creating a platform is not as easy as you imagine, it takes all teams and developers to work hard in creating a project, will probably need a lot of money to create a great platform and become the future. So I think you should think more mature again, if you want to create a platform for the project that you will run, hopefully you do not waste time in the project that you will make this. Cheesy
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May 15, 2017, 07:18:10 AM
 #18

Creating a platform is not as easy as you imagine, it takes all teams and developers to work hard in creating a project, will probably need a lot of money to create a great platform and become the future. So I think you should think more mature again, if you want to create a platform for the project that you will run, hopefully you do not waste time in the project that you will make this. Cheesy
I think white lable exchange can be created in few hours without lot of money and hard work.

Fully decentralised            Base currency of project Bitmxittz            Fair distribution  
    ***Max. supply 10000 coins***            |||                  Bitmxittz                |||            ***No Fundraising, No ICO/IPO***
visit us    Xpress payment system with close to zero txn fee    visit us
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May 15, 2017, 08:47:17 AM
 #19

Of course the opportunities are unlimited and still there is space for more exchanges to come and get succeeded in crypto. All you need at stsrt to come out with team with proper introduction and profile of every member and their backgrounds. Then tell how your exchange will be better than already existed, how much money do you need to start, what investors will get in return ?

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May 15, 2017, 09:51:31 AM
 #20

There are so many crypto exchanges online but you can try your own . For the funding you need to write your white paper first. It is from the white paper we will know what you up to sir.

Exactly, it is completely based on the whitepaper and what the developments which are unique from other exchanges. Nowadays most of the exchange are facing problems with DDOS attacks so you have to be very careful about it. If you want to raise funds means at least you need to start with your own coin and help the people who are showing interest towards it.

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