Where can I find someone to hire to create an exchange? (+White label solutions)

[CobraJ]

As per title, I would like to create an exchange and am able to pay what is fair for a small to moderate size project.
Ideally I would like to pay 50-100 eth in total, including any server requirements.

Please recommend me some possible avenue to find such professional.

I cannot consider cheap freelance options because I need someone whom I can trust not only in their competence, but also in their morals (since there would be people depositing funds in the exchange, last thing I want is paying little and having the dev himself hacking the exchange).

Thank you.

[1714107851]

1714107851

[1714107851]

1714107851

[buwaytress]

Good call on excluding freelancers. Actually feel your fee is fair at current prices. Anyway, I always feel you shouldn't have to hire someone to do this for you if this person is not going to remain with your team. You should expect that coding support and post implementation tech support would be required. Always helpful to have the same coder on board, or at least engaged post-project contractually.

OR, I might suggest a simpler alternative, which is whitelabeling. Probably costs the same, but you get the ongoing support and get to see the product first before you pay for it. I won't name any as don't know any well, but Google's your pal.

[CobraJ]

Thank you for your informative message which I have +1 merited.

Post implementation tech support is very important indeed; it might be hard for me to bind anything via contract however as I am not sure whether I can find a coder in the country where I live.

Can you elaborate what you mean by whitelabeling when referred to this?

[akamit]

Trading exchange or currency exchange? I assumed trading exchange.

I wouldn't recommend you to hire some random coders online or someone who will work for you remotely.
Exchanges are not a thing like a normal site or normal software, which you can rely on remote & random coders online.

Exchanges need huge security feature. You, as an owner, need to ensure that for your users. Exchanges are the biggest target of hackers nowadays.

I recommend building a strong team in your local place with an office. The team must have 2 or 3 security specialists to make sure your exchange is not vulnerable.

[CobraJ]

It seems that you do not have a clear plan so why do you want to create an exchange platform?
Creating a website is just the beginning, but you need an integrated team as well as the legal status of Bitcoin in your country.
Also, if you do not know how to protect your site and access your private keys, your platform is under serious threat.
Using online selling sites will bring you a lot "may be more than exchange."

Can you elaborate what you mean by whitelabeling when referred to this?

I think you'll find a lot of information here https://www.braze.com/resources/glossary/whitelabel/

So what makes you assume that I don't have a clear plan. As I said I'm ready to throw 50-100 eth in this. You think I'd commission the work to someone without bothering about the private key?
Spam your signature in other threads, thanks.

[CobraJ]

Trading exchange or currency exchange? I assumed trading exchange.

I wouldn't recommend you to hire some random coders online or someone who will work for you remotely.
Exchanges are not a thing like a normal site or normal software, which you can rely on remote & random coders online.

Exchanges need huge security feature. You, as an owner, need to ensure that for your users. Exchanges are the biggest target of hackers nowadays.

I recommend building a strong team in your local place with an office. The team must have 2 or 3 security specialists to make sure your exchange is not vulnerable.

A normal crypto-to-crypto exchange.
2 security specialists means 200k/y, I don't get how all of those salary hours could be justified by a small-medium sized exchange, could you elaborate (if what you said is a result of what you know from experience)?
How about if I create a dex instead?

[buwaytress]

Thank you for your informative message which I have +1 merited.

Post implementation tech support is very important indeed; it might be hard for me to bind anything via contract however as I am not sure whether I can find a coder in the country where I live.

Can you elaborate what you mean by whitelabeling when referred to this?

Netherlands has the highest blockchain developers per capita in the country, but you'd be surprised to find what's available in others... unlikely countries with upcoming blockchain devs are in Eastern Europe... but I do feel there is still a dearth of the very best developers when it comes to solid blockchain tech. Exchanges are something else.

Whitelabel is just a fancy way of saying: an existing software/product/platform is already built, with its own coders and developers. You can choose to use their software as yours, with your own brand name. You pay a license fee and support fees. It's seen as a cheaper alternative to building from scratch, esp for smaller enterprises. A lot of companies start out using whitelabels and once they get experience they go for their own.

[CobraJ]

Thank you for your informative message which I have +1 merited.

Post implementation tech support is very important indeed; it might be hard for me to bind anything via contract however as I am not sure whether I can find a coder in the country where I live.

Can you elaborate what you mean by whitelabeling when referred to this?

Netherlands has the highest blockchain developers per capita in the country, but you'd be surprised to find what's available in others... unlikely countries with upcoming blockchain devs are in Eastern Europe... but I do feel there is still a dearth of the very best developers when it comes to solid blockchain tech. Exchanges are something else.

Whitelabel is just a fancy way of saying: an existing software/product/platform is already built, with its own coders and developers. You can choose to use their software as yours, with your own brand name. You pay a license fee and support fees. It's seen as a cheaper alternative to building from scratch, esp for smaller enterprises. A lot of companies start out using whitelabels and once they get experience they go for their own.

Interesting, I didn't know it was possible to use other exchanges' software. Paying a license/support fee is way cheaper than hiring a new team from scratch also in terms of time.
Any suggestion on where to look?

I doubt big exchanges like binance would allow this though.

[krishnapramod]

There is Blockchain App Factory, a Blockchain development company from India. One of their products is customized whitelable cryptocurrency exchange software.

https://www.blockchainappfactory.com/cryptocurrency-exchange-software

https://medium.com/blockchain-app-factory/how-to-build-a-cryptocurrency-exchange-and-how-much-it-would-cost-321f2fbb0a44

PS: I am in no way related to them, just a suggestion, not recommendation.

[gentlemand]

Any suggestion on where to look?

http://blocktribune.com/nem-foundation-plans-xem-exchange/

The NEM foundation, a very professional outfit, chose Blockchain Global https://www.blockchainglobal.com for their white labelled exchange. It's not here yet though.

I would've thought getting a commercial licence with ongoing support would cost an absolute shit ton of money. Then again considering what can happen it's not something you want to use crappy code with.

[investorck]

It's good you are trying to create an exchange for the cryptocurrency market.
We can help.  We are a team of experts blockchain and exchange developers. Please get in touch so we can discuss the details of your project.

Kind regards.

[CobraJ]

"Since the exchange software is highly complex, its development and debugging can take a whole year or even more. ".. this alone makes me keen on going WL.
However I noticed many platform dictates which coins can be traded in them, and some seem to also want their say in trading fees?
I had a look online, spotted a few:
http://www.globalbtc.com https://bitcointalk.org/index.php?topic=1898900.0
https://www.hashcashconsultants.com/white-label-bitcoin-cryptocurrency-exchange-software
https://www.ibinex.com/ $150k initial deposit to be held 3 months + $20k/m leasing fee
https://www.blockchainappfactory.com/cryptocurrency-exchange-software
https://www.btctrader.com/
https://www.cryptonext.net/ (they ask 2btc to add altcoins though)
https://www.draglet.com/ https://bitcointalk.org/index.php?topic=2621390.0
www.Nexchange.co.uk https://bitcointalk.org/index.php?topic=2169292
http://www.modulusfe.com/
http://expread.io/
www.andromeda.exchange https://bitcointalk.org/index.php?topic=3239774.0
https://www.cryptoexchangescript.com/ (love their "liquidity solution" ha)
https://www.belfrics.in/white-label
https://www.paybito.com/white-label-cryptocurrency-exchange
http://www.mercatox.com (also mentions offering white label solutions)
Has anyone tried or heard of any of them?
I'd like to go with one which has a good reputation, don't mind paying few extra bucks.

About decentralized exchanges WL solutions haven't found anything other than
https://birake.com/ (a promise)
https://stoxum.org/en/ (another promise)
https://www.prolitus.com/exchange-development (gives an option for it)

Also noticed a couple of bct thread specifically on this topic:
https://bitcointalk.org/index.php?topic=366180.0
https://bitcointalk.org/index.php?topic=2209964.0
https://bitcointalk.org/index.php?topic=2486689.0

Projects now apparently defunct:
www.bitcoin.link
www.coin.link
www.bex.io
www.buttercoin.com
www.xchangetank.com

[buwaytress]

As you note, whitelabelling saves you that extra step of debugging and support on your own end (you pay extra for that of course) while you get the advantage of platforms that already work and are at latter stages of maturation.

Honestly can't say I know what works best but you should try the platforms you found and see. Some whitelabels even have options to share in lifetime trading fees... Saves you subscription rates but may appear unattractive to users for whom cost is passed onto.

Personally, as a trader I don't mind slightly higher fees if support is excellent and platform is stable, since my frequency of trade is low.

[shield132]

Despite the fact that exchanger will be available online, it's not the job you can do here. I had deals with Envato developers and they are really great, most of them but you need team for exchanger. Just look, any casino, exchanger, banks, payment systems and etc, all of them have dev teams which work everyday. You just not only need exchanger to be created, you have to fix some bugs in near future, work everytime to make website more secure and protect your customers, get rid of unwanted situations. That's why you have to find team and you need to do this locally, not online.

[bratko99]

For that amount, you can easily find a blockchain agency that develops that.
Just search google, you will probably get better results there than on btct for this lmao

Good luck btw!

[No Rest Labs]

Very interested! Contact info is in PM.

[King Lizard]

Hello, everyone!

According to my knowledge it is better not to hire anyone, I mean at least someone you may trust and who is really capable of creating a Crypto Exchange from scratch. Outsource company/team will imply significant expenses and require a lot of time. Moreover no one will guarantee you the quality, security, scalability of the MVP/RC version when it is done. The most important here is the expertise in Crypto and Blockchain Technology and development.

With the budget you have it is better to contact a Company/Provider that offers turnkey or even white label solution. You will economize on time and costs for sure. The difference between turnkey and white label is that white label solution includes resolution/assistance on legal procedures and formalities for launching the project, sometimes even help with Exchange Operation and Management. A turnkey solution - is a ready-to-go technical platform with all the necessary features and functions and full technical support.

A turnkey solution will cost you less and the ETA is about 1-2 months, if we are talking about white label - the costs are higher but almost everything will be done for you.

Anyway, a lot of new Operators are not familiar with the "Kitchen". To buy a solution is only a first step. Each Operator should have a good business plan and decide on: target markets, crypto-to-fiat or crypto-to-crypto trading model, Crypto and Fiat Pairs to offer, Localization, KYC, AML/CTF, Antifraud Control, GDPR, Marketing budget and Strategy, Promotions and Bonuses, Rates and Fees, Crypto Payment Gateway and/or Fiat Payment Gateway to use, Order Types, Security, Liquidity, Staff, Customer Care Support, extra expenses (that definitely will arise) and a lot more points that are very important to consider before starting this type of Crypto Business.

If you are looking for a good and trusted provider of a turnkey solution I would recommend you to take a look at Cryptocurrency Exchange Software by Merkeleon GmbH, Austrian IT provider of turnkey Software Solutions for Crypto Business with 6+ years of experience in the field.

Those guys are well known in the industry and can provide with a secure and stable solution as well as to share their experience and give a nice consultation on the topic.

I hope my comment will be useful for those who definitely decided to start own Crypto Exchange Platform. Cheers! Wish you luck!

[ccedk_pr]

About decentralized exchanges WL solutions haven't found anything other than
https://birake.com/ (a promise)
https://stoxum.org/en/ (another promise)
https://www.prolitus.com/exchange-development (gives an option for it)

OpenLedger suggests WL solution built on Bitshares platform and it will work like their own exchange, you can check it and see what does it look like.
https://dex.openledger.io/white-label-solution/

[CoinSenSei]

we are from malaysia and cost to create and host an exchange platform is even cheaper. contact me if you are interested. thanks

[CobraJ]

Hello, everyone!

According to my knowledge it is better not to hire anyone, I mean at least someone you may trust and who is really capable of creating a Crypto Exchange from scratch. Outsource company/team will imply significant expenses and require a lot of time. Moreover no one will guarantee you the quality, security, scalability of the MVP/RC version when it is done. The most important here is the expertise in Crypto and Blockchain Technology and development.

With the budget you have it is better to contact a Company/Provider that offers turnkey or even white label solution. You will economize on time and costs for sure. The difference between turnkey and white label is that white label solution includes resolution/assistance on legal procedures and formalities for launching the project, sometimes even help with Exchange Operation and Management. A turnkey solution - is a ready-to-go technical platform with all the necessary features and functions and full technical support.

A turnkey solution will cost you less and the ETA is about 1-2 months, if we are talking about white label - the costs are higher but almost everything will be done for you.

Anyway, a lot of new Operators are not familiar with the "Kitchen". To buy a solution is only a first step. Each Operator should have a good business plan and decide on: target markets, crypto-to-fiat or crypto-to-crypto trading model, Crypto and Fiat Pairs to offer, Localization, KYC, AML/CTF, Antifraud Control, GDPR, Marketing budget and Strategy, Promotions and Bonuses, Rates and Fees, Crypto Payment Gateway and/or Fiat Payment Gateway to use, Order Types, Security, Liquidity, Staff, Customer Care Support, extra expenses (that definitely will arise) and a lot more points that are very important to consider before starting this type of Crypto Business.

If you are looking for a good and trusted provider of a turnkey solution I would recommend you to take a look at Cryptocurrency Exchange Software by Merkeleon GmbH, Austrian IT provider of turnkey Software Solutions for Crypto Business with 6+ years of experience in the field.

Those guys are well known in the industry and can provide with a secure and stable solution as well as to share their experience and give a nice consultation on the topic.

I hope my comment will be useful for those who definitely decided to start own Crypto Exchange Platform. Cheers! Wish you luck!

Thank you - I'll check them out.