How to build a crypto exchange?

[thatkid1]

I know it is not easy to build a crypto exchange, But I was hearing about a lot of tools and 3rd party services that help us to build an exchange quickly rather than building everything by us. For eg, Instead of building an ordertbook and liquidity, we can use shared order book of an existing exchange like but thumb etc.

If anyone have an experience in building an exchange, can you share the challenges, short cuts etc. I'm asking this out of curiosity. I don't think I can be a millionaire by building a another binance or coinbase.

thanks.

[bob123]

Running an exchange is not a brainless task.
You need a team of competent developer with security in mind building your backend from scratch.

Without a properly coded exchange you definetely will get burned.
This happened to quite a few shitty exchanges (e.g. bitgrail).

If you can't afford to pay a developer team to build a solid exchange, you better don't start one by your own.

[bL4nkcode]

The most issues of any exchanges are lacking of customer support and high-grade security for its users and don't forget the regulations and compliance requirements if where your exchange is based.
Some exchanges are forcibly closed by the government if you don't follow the country's KYC standards and integrate a proper customer verification procedures; Most Exchanges are criticized by lacking supports for its customers and will get a negative rating from their users once they get a bad experience; As well as security is the same level as the customers support so you have to implement a strong and secure environment to make the funds of your customer in safe. And lastly, how you will get the trust of the community to the exchange you will make, so you need a fund to market your service/s.

[thatkid1]

Running an exchange is not a brainless task.
You need a team of competent developer with security in mind building your backend from scratch.

Without a properly coded exchange you definetely will get burned.
This happened to quite a few shitty exchanges (e.g. bitgrail).

If you can't afford to pay a developer team to build a solid exchange, you better don't start one by your own.

I'm an average developer with typical web application development experience. I'm trying to understand how it works out of curiosity. I was reading the code an open source exchange project called peatio, but project is slightly outdated as they haven't updated for the last few years. I would love to learn by working for an exchange. But heard that work at crypto exchange is too stressful. I am happy with my laidback job

[Mister1k]

Running an exchange is not a brainless task.
You need a team of competent developer with security in mind building your backend from scratch.

Without a properly coded exchange you definetely will get burned.
This happened to quite a few shitty exchanges (e.g. bitgrail).

If you can't afford to pay a developer team to build a solid exchange, you better don't start one by your own.

I'm an average developer with typical web application development experience. I'm trying to understand how it works out of curiosity. I was reading the code an open source exchange project called peatio, but project is slightly outdated as they haven't updated for the last few years. I would love to learn by working for an exchange. But heard that work at crypto exchange is too stressful. I am happy with my laidback job

Please go through the cryptozombies.io here you will be able to find the answer for the smart contract projects and blockchain based website development. Then here in this section you may not find the developers more here.
So the right place to ask this query and get the perfect answer. You may write on the Project development and technical discussion section mate.

[thatkid1]

Running an exchange is not a brainless task.
You need a team of competent developer with security in mind building your backend from scratch.

Without a properly coded exchange you definetely will get burned.
This happened to quite a few shitty exchanges (e.g. bitgrail).

If you can't afford to pay a developer team to build a solid exchange, you better don't start one by your own.

I'm an average developer with typical web application development experience. I'm trying to understand how it works out of curiosity. I was reading the code an open source exchange project called peatio, but project is slightly outdated as they haven't updated for the last few years. I would love to learn by working for an exchange. But heard that work at crypto exchange is too stressful. I am happy with my laidback job

Please go through the cryptozombies.io here you will be able to find the answer for the smart contract projects and blockchain based website development. Then here in this section you may not find the developers more here.
So the right place to ask this query and get the perfect answer. You may write on the Project development and technical discussion section mate.

I moved the thread to Development & project discussion, hope I will find more answers here.

[AVAMONEY]

Before running a crypto exchanges , i think this some point should be noticed:
- Reliable capital and asset of the company
- Strong developer team behind it, to support backend and frontend user interface.
- Well managed by support/admin team
- Supported by a strong base server with high security

[gentlemand]

I'm sure the average exchange operator found the technical development bit a piece of piss compared to dealing with customers, regulators, law enforcement and hackers.

If I were to build an exchange I'd just white label the software from elsewhere. But that is the really, really easy part.

[MrWatsonn]

Why are so many people wanting to create exchanges and ICO's. It's getting silly now, i'm all for a better world and easier payment systems but it is getting silly. It seems everyone is trying to get rich quick without thinking too much and that's just not how things work!

[gentlemand]

It seems everyone is trying to get rich quick without thinking too much and that's just not how things work!

It certainly is how it works in cryptoland. That's the sole reason 95 or more per cent of people are here. Whether they manage it is another matter of course.

[MrWatsonn]

It seems everyone is trying to get rich quick without thinking too much and that's just not how things work!

It certainly is how it works in cryptoland. That's the sole reason 95 or more per cent of people are here. Whether they manage it is another matter of course.

It's a shame because that's not what it was supposed to be about. I understand that if there is a chance to make money in this day and age then people will jump at it but I think people are starting to forget about the real reason these 'currencies' were created.

[thatkid1]

Why are so many people wanting to create exchanges and ICO's. It's getting silly now, i'm all for a better world and easier payment systems but it is getting silly. It seems everyone is trying to get rich quick without thinking too much and that's just not how things work!

Creating an ICO is too easy compared to building a fully functional exchange. But you are assuming a lot and that's not how things work.

[yupek]

For example, crypto currency can use existing blockbuster platforms, for example, Ethereum, and then tokens will conform to the ERC-20 standard (hence, your wallet must support this standard). When the popular OMG ERC-20 token is released, as part of its promotions, its makers transfer some coins to everyone who owns the Ethereum wallet.

[arunchain]

Hello

To build a Crypto Exchange, you need to think about the security and using 3rd party api's and creating shortcuts will never provide you full security.
So, if you need to build an exchange, we need to keep in mind many aspects of building it and the best way to build an exchange with both Centralized and decentralized thing instead of going for decentralization only.

Rest, please ping me at:
Skype: mvteams1
Email: arun@revinfotech.com
Telegram: @arunsachdeva
LinkedIn: https://www.linkedin.com/in/arunsachdeva/

Hope to hear from you soon.

Thanks and Regards

[thatkid1]

Hello

To build a Crypto Exchange, you need to think about the security and using 3rd party api's and creating shortcuts will never provide you full security.
So, if you need to build an exchange, we need to keep in mind many aspects of building it and the best way to build an exchange with both Centralized and decentralized thing instead of going for decentralization only.

Rest, please ping me at:
Skype: mvteams1
Email: arun@revinfotech.com
Telegram: @arunsachdeva
LinkedIn: https://www.linkedin.com/in/arunsachdeva/

Hope to hear from you soon.

Thanks and Regards

IDK, building each and every component in house is riskiest strategy in software development unless we have shit ton of money and long time to deliver the project. Do you really understand "full security"?

[coinsclone]

I know it is not easy to build a crypto exchange, But I was hearing about a lot of tools and 3rd party services that help us to build an exchange quickly rather than building everything by us. For eg, Instead of building an ordertbook and liquidity, we can use shared order book of an existing exchange like but thumb etc.

If anyone have an experience in building an exchange, can you share the challenges, short cuts etc. I'm asking this out of curiosity. I don't think I can be a millionaire by building a another binance or coinbase.

thanks.

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