Should I start own exchange website?

[RedX]

There's a lot of competition in this type of business and if you want it to be successful, you need to make it huge and not a small one. You are not going to get any profit if you are not going to step up. You need to exceed others and you better need a big investment for this.

[icekream]

Jist get the security right

[ihsanskanzaone]

not too but if anyone wants to create an exchange website should create a group that has the expertise of each that can be used to build exchange websites. For example capital providers, website creators and website security, your office address should be clear so that many consumers who want to exchange on your website be sure and you must be diligent promotion.

[glowing10]

Jist get the security right

Before security I would say unless your country has approved bitcoin do not start at this point because its in dilemma for countries which has not approved as they can ban it in coming time if China does it. So it would be a huge loss as you would have invested the money in security , exchange maintenance and promotion. So instead wait and see how govt treats it and if they approve then check the competition which you may have in your country.

[KingScorpio]

I am thinking to start own exchange website like (coinexchange.io) , yes I want to build small exchange.
But before start I want to know something , hope I will get my answer.
Building exchange is profitable?
How much investment it's need?
Where I can promote it?
How I can avoid or put low transaction cost?
How much time I need per day behind this project?

If you want to share any suggestions then most welcome.

a single person cant build successfully a successful big exchange maybe a cheap unlicensed one that can be popular more is unlikely you better look for teammates or join existing teams

what are your skills regarding webdesign webdevelopment? and coding?

regards

[Pab]

Maybe sport betting exchange dedicated to horse racing,it is incredible profitable niche.Horse racing betting is manipulated by bookies

You can read here how it is done http://www.igamingbusiness.com/news/igb-diary-breon-s-parting-shot-times-scoop-cfg-biting-hand-crusader-pumpkin-watch

You can do that on eth smart contracts with hero token.If you open link in my sig,you can read that with hero you will have smart contracts done for you and you will be in Hero family.Check Hero is great for devs

[olushakes]

Exchange is still very much profitable but it now depends on the platform and basis on how to run it. If I am to do set it up, I will only concentrate on my country by choosing only the top coins and some successful coins to be added later. The most is ensuring its convertible to Fiat and vice versa with that I won't need to compete with the likes of bittrex or poloniex and other big  names which would be waste of time after all.

[Jombitt]

I am thinking to start own exchange website like (coinexchange.io) , yes I want to build small exchange.
But before start I want to know something , hope I will get my answer.
Building exchange is profitable?
How much investment it's need?
Where I can promote it?
How I can avoid or put low transaction cost?
How much time I need per day behind this project?

If you want to share any suggestions then most welcome.

yes it is very profitable but it will cost a lot of time and hardwork. You need a team to run this exchange, this cant be manage by only one people. You need a security against threat and hackers. It need much money to run an exchange

[SvenBomvolen]

I am thinking to start own exchange website like (coinexchange.io) , yes I want to build small exchange.
But before start I want to know something , hope I will get my answer.
Building exchange is profitable?
How much investment it's need?
Where I can promote it?
How I can avoid or put low transaction cost?
How much time I need per day behind this project?

If you want to share any suggestions then most welcome.

There is high competition in this area already, so I think it is not going to be so easy to realize.
I suppose other commentators won't suggest you something concrete, unfortunately not I. But I get an idea - you can create an ICO (if only you are not from China) to come true all of your ideas about the exchanger

[eagleman]

I am thinking to start own exchange website like (coinexchange.io) , yes I want to build small exchange.

What's your main reason why you want to start your own exchange? You need to have deep reason for it and you need to be dedicated on it.

But before start I want to know something , hope I will get my answer.
Building exchange is profitable?

Yes, if your exchange became popular.

How much investment it's need?

I don't have an idea but maybe 20 bitcoin will be enough.

Where I can promote it?

Here in forum, try to start out with signature campaign or hire some writers where they make an article for your start up.

How I can avoid or put low transaction cost?

You have to set it, you can adjust it.

How much time I need per day behind this project?

You have to dedicate a lot of time with it, no certain amount of time.

[CyberKuro]

I am thinking to start own exchange website like (coinexchange.io) , yes I want to build small exchange.
But before start I want to know something , hope I will get my answer.
Building exchange is profitable?

Bitcoin exchange surely profitable, as your exchange rate should be slightly different with other exchanges or else, you should apply withdrawal fees.
For the first time I got into bitcoin, learned how to convert bitcoin and mostly through personal exchange, sell bitcoin to someone based on trust, and he charged like $2 for every transaction. You may want to try it before build a larger bitcoin exchnages which require many resource and professional people to be hired. If you want to build a small exchange web, $2000 is enough to cover initial expenses to establish a legit site, but you will need more to cover maintaining costs.

[Hamphser]

I am thinking to start own exchange website like (coinexchange.io) , yes I want to build small exchange.
But before start I want to know something , hope I will get my answer.
Building exchange is profitable?
How much investment it's need?
Where I can promote it?
How I can avoid or put low transaction cost?
How much time I need per day behind this project?

If you want to share any suggestions then most welcome.

There is high competition in this area already, so I think it is not going to be so easy to realize.
I suppose other commentators won't suggest you something concrete, unfortunately not I. But I get an idea - you can create an ICO (if only you are not from China) to come true all of your ideas about the exchanger

Creating an ICO without having a any ideas on what you are going to build is useless unless if you build up reputable devs into your team which would somehow assure that the funding would be success but still it would depend on the interest of the community. Starting your own exchange site would really be hard knowing that this thing do really require huge fund and a good team to develop a unique,secured exchanger. If you do have already an idea on what you are going to then you should proceed as long you do know on what you are doing.

[Walked_by]

I think that will require more time, than profits And yeah, exchange is a very hard and stressful work, don't do it, if you aren't sure

[daserpent]

Building exchange is profitable?  -Its Profitable if you bring a lot of customers on your exchange (for that you need to have great features which other exchanges don't have)
How much investment it's need? - Probably $100k to cover the development and server costs initially.
Where I can promote it? - Telegram, youtube, bitcointalk, coinmarketcap, chatrooms, steemit,etc
How I can avoid or put low transaction cost? - You need to study Binance exchange for this
How much time I need per day behind this project? - All day. Probably will take a whole team to monitor the exchange 24x7.

[Cryptominerwaves]

Yes starting an exchange is profitable . However need to acquire required knowledge for how the process works.
A minimum of 3-4 bitcoin shall be sufficient to run in small scale. Need to have a support for software development and upgradation. One man show is practically impossible to run the exchange. Customer satisfaction is the key to success.

[coinjack1337]

You definately Need a lot of time and Manpower. Also, you Need to know what makes your Exchange unique. Something no other Exchange has so far.

[astrid.uchiha24]

I am thinking to start own exchange website like (coinexchange.io) , yes I want to build small exchange.
But before start I want to know something , hope I will get my answer.
Building exchange is profitable?
How much investment it's need?
Where I can promote it?
How I can avoid or put low transaction cost?
How much time I need per day behind this project?

If you want to share any suggestions then most welcome.

You cannot make an exchange website by yourself, in order to do so you have to gather a good team before anything else, there will be a big workload in order to start an coin exchange business. If ever you have gather a good team, they can answer your questions for you actually since for sure they know how it should be done, and better to do research with them.

[g@brielikeR657]

I am thinking to start own exchange website like (coinexchange.io) , yes I want to build small exchange.
But before start I want to know something , hope I will get my answer.
Building exchange is profitable?
How much investment it's need?
Where I can promote it?
How I can avoid or put low transaction cost?
How much time I need per day behind this project?

If you want to share any suggestions then most welcome.

yeah definitely. but it takes more more time and need man power. you need to know what changes you want to do in that web site and first find out what requirements you need in your site. and most important parameter is security it is very necessary.once try to search before previous web sites which requirements are need and how to make. we want to give correct address and good fields and customer satisfy information. next you have to prorate web site in internet.

[TerrorFromTheDeep]

Better to find more original idea, than just exchange site

[suncoin180]

sorry ,I  dont  know  it .but  I now   that   many  people  are doing  it .U  can  find them  and   learn  from  them.At  last  U  can  ico  to  start  your
 exchange  website