Starting a Crypto Currency Exchange

[CryptoSocial]

Can someone please shed some light on "Decentralized Exchanges". I mean I didn't understand what does Decentralized Exchange refers to.

Thanks

[1714034438]

1714034438

[1714034438]

1714034438

[Warkop]

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.

If I see it very rarely it happens, but we should be wary of theft of coins in stocks, maybe we should mengatifkan 2 steps to avoid the theft of coins, so be careful.

[arwin100]

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 , 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

Oh great to hear that you didn't want to ask some funds for your project, My Deepest apologies for that then if you have plans to create some well might better if you go to coinmarketcap and seek those top 20 coins to be listed in your exchange and frequently visit on announcement thread and seek for those in demand coin so that people will notice your site and provably it can boost your traffics to.

[Queen B]

Can someone please shed some light on "Decentralized Exchanges". I mean I didn't understand what does Decentralized Exchange refers to.

Thanks

Means no exchange boss to steal your coins

[CryptoSocial]

Can someone please shed some light on "Decentralized Exchanges". I mean I didn't understand what does Decentralized Exchange refers to.

Thanks

Means no exchange boss to steal your coins

And how do we achieve that?

[memii]

I will add my input to the ongoing expressions and suggestions about expected new exchange which is being designed and proposed by the op. There are already centralized exchanges and without having heavy resources to develop that level's exchange you can't get customers who creates volumes. Better come out with some project which is missing and can bring some good change in ecosystem of finance. You can build exchange that is most easiest part but getting customers confidence is the real hurdle in my opinion.

[just_Alice]

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. 

I have a suggestion on "Raising the Funds". Find the developers of new altcoins which are unknown and not listed on any exchange or listed only on a few. Tell them you'll add their coin to your Exchange but first they should help you to create the Exchange.

[CryptoSocial]

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. 

I have a suggestion on "Raising the Funds". Find the developers of new altcoins which are unknown and not listed on any exchange or listed only on a few. Tell them you'll add their coin to your Exchange but first they should help you to create the Exchange.

Thanks Alice, that's one of the strategies, we are considering, the problem is detecting serious altcoins over the scam coins.

[Queen B]

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. 

I have a suggestion on "Raising the Funds". Find the developers of new altcoins which are unknown and not listed on any exchange or listed only on a few. Tell them you'll add their coin to your Exchange but first they should help you to create the Exchange.

Thanks Alice, that's one of the strategies, we are considering, the problem is detecting serious altcoins over the scam coins.

what's the diff?  still trade fair is the important on exchange

[Tirta16]

Hopefully plans to start a platform and trade various crypto currencies and list the new altcoins will take place as planned

[Queen B]

Hopefully plans to start a platform and trade various crypto currencies and list the new altcoins will take place as planned

wish decentral ex for trade with all token
people need it

[betlord90]

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. 

I have a suggestion on "Raising the Funds". Find the developers of new altcoins which are unknown and not listed on any exchange or listed only on a few. Tell them you'll add their coin to your Exchange but first they should help you to create the Exchange.

Thanks Alice, that's one of the strategies, we are considering, the problem is detecting serious altcoins over the scam coins.

what's the diff?  still trade fair is the important on exchange

Thaw would be a lovely idea but could you see the domino effect of this strategy? I think many scam devs will try to pay less for their addition and scam many people if they select to dump their hodl coins. And i think much better for this is to have a Voting feauture where people select on what coin would be added and asking for money is better if OP would choose those potentially build coin to be listed and not those coin who doesn't have any clear road map.

[ocid]

A good plan for trading various crypto currencies, But lately a lot of new coins and it's just fake coins so much cheating behind all that.

[CryptoSocial]

Could someone shed more light on the process of setting up a decentralized exchange?

[BloomBitcoin]

Could someone shed more light on the process of setting up a decentralized exchange?

Decentralized exchange is an exchange without any central authorities, like blockchain technology, exchange that runs by the people, for the people, to the people. I guess.

[Laskoff]

Decentralized exchange is certainly very good, but there are a number of reasons why you can be affected by fraudsters. But on the other hand it's quick exchanges.

[chamara741]

Developing a Exchange isn't simple as you think. You need a fund, good team & best developers to be success. Anyway best of luck & I am waiting to see your whitepapers.

[BloomBitcoin]

I am looking for developer who can build secure decentralized exchange script for me.
Or is there any open source code of decentralized exchange available? please post link.

[smartsan]

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. 

Right now there is a many fund creation method in which ethereum smart contract is most popular and company like tokenbox,bancor are just token funding sites still in beginning stage.Ethereum smart contract is more helpful in creating and raising the funds.

[JanEmil]

I like EtherDelta concept. I know they just had DNS hack etc.
But they have startet something good.
You can free "copy" the code
https://github.com/etherdelta
and contribute to the open source project.
Maybe other open source projects you can start from. Starting from scrath could take years.