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Author Topic: How to popular a new crypto exchange?  (Read 70 times)
cryptoproLK
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June 26, 2018, 05:31:47 AM
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if we create a new crypto exchange how to attract user for that?  what are the methods we can use to get real users?
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June 26, 2018, 05:49:38 AM
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You will need a unique selling point to attract new users and become popular. Most smaller exchanges struggle when it comes to security aspects of their plattform or they list every shitcoin out there and get bad reputation.

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June 26, 2018, 06:23:09 AM
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I think the exchange should have the most known coins and tokens. As fast as possible input output. Have good,fast technical support . A very big plus if the exchange has fiat (deposit and Withdraw).
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June 26, 2018, 08:08:45 AM
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You will need a unique selling point to attract new users and become popular. Most smaller exchanges struggle when it comes to security aspects of their plattform or they list every shitcoin out there and get bad reputation.

Ya..security is a must..if hacker break the exchange and stole coins there will be no future for the exchange
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June 26, 2018, 08:33:30 AM
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Just like any other business, you just give people what they want. Good service, good support, and low fees are enough to get you a long way. The market has a tendency to reward good businesses.

This may or may not be a good idea and may even be impossible depending on where you plan to operate from, but you could also not implement KYC procedures. Lots of people seem to avoid them.

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June 27, 2018, 09:37:03 AM
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if we create a new crypto exchange how to attract user for that? 
It's a business and you should have detailed plan on how you will start marketing your newly created exchange.

what are the methods we can use to get real users?
Are there fake exchange users? there are bots but it's also set up by a real user. You need to have extreme marketing to get more users that will be loyal to your exchange but don't expect it, there's war in exchanges where the most convenient ones are remaining the scene.

Guaranteed 24/7 support, low or no trading fees, easy interface, user-friendly.

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June 27, 2018, 02:38:55 PM
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what I'm looking for a crypto exchange is an exchange with good technical analysis charting that's why I never use etherdelta their chart sucks, its useless by any mean. another one is having a stable base currency as an option like USDT, TUSD, USD.... with a lot of pairing. it's easier to TA and safe on bear markets. I also want to see gain and loss summary on the user profile to monitor our progress. a free trading fee from start like 500 USD/ 1 eth/1 BTC. will help you to gain more users.
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June 27, 2018, 02:43:31 PM
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You probably will need a lot of marketing funds
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June 27, 2018, 02:43:31 PM
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Big funds for marketing campaigns. But the key is that the exchange must be better than other competitors.

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June 27, 2018, 04:33:57 PM
 #10

if we create a new crypto exchange how to attract user for that?  what are the methods we can use to get real users?

many new exchanges are creating their own token for fees and raising money through icos...
airdrops and partnerships may also help to grow the community.

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Vimukkthi Vithanage
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June 27, 2018, 04:42:21 PM
 #11

Hi ,

I think you have to try marketing it .. use social media.. the best way to make your exchange site popular.  just my idea
Thanks
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June 27, 2018, 04:59:40 PM
 #12

First of all, you should have a great product(in your case crypto exchange) and then start doing marketing. Ask yourself in what area is your exchange better than those of competitors. So I recommend you focusing at the beginning on quality of your product and then dealing with marketing.
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June 27, 2018, 05:04:52 PM
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You need to check a lot of boxes if you want traders to go to your exchange. First you need your cryptocurrency exchange to be running legally and is licensed to operate the other thing is of course fees and charges in order to stay in the game you need to offer lower fees if not similar, other thing is the cash in and cash out options the more convenient ways you have the better and finally of course you need to have a lot of marketing and promotion, if you want to be successful you need to promote your cryptocurrency exchange a lot.

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cryptoproLK
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July 05, 2018, 06:37:18 AM
 #14

You need to check a lot of boxes if you want traders to go to your exchange. First you need your cryptocurrency exchange to be running legally and is licensed to operate the other thing is of course fees and charges in order to stay in the game you need to offer lower fees if not similar, other thing is the cash in and cash out options the more convenient ways you have the better and finally of course you need to have a lot of marketing and promotion, if you want to be successful you need to promote your cryptocurrency exchange a lot.

do we need to get register our exchange is any crypto regulation organization?
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July 05, 2018, 07:18:51 AM
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This is a decent article on what you need to start your own crypto exchange. It is not easy to do, and as I'm sure you are aware, even more difficult to make it a success. You will need a good team around you, a decent marketing budget, and a clear vision of which demographic you are attempting to capture. Not impossible, but definitely not easy.

https://freestartupkits.com/articles/technology/cryptocurrency-news-and-tips/how-to-build-your-own-cryptocurrency-exchange/

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cryptowisser
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July 10, 2018, 11:54:37 AM
 #16

if we create a new crypto exchange how to attract user for that?  what are the methods we can use to get real users?

Hi cryptoproLK,

Many good answers have already been provided, but maybe it will help you to see which exchanges that are currently top rated by the cryptocommunity and try to figure out what they have in common? If so, here's such a list for you: https://www.cryptowisser.com/exchanges/ (the default sorting is by rating so the top rated exchanges are at the very top). The "usual suspects" are at the top, so no surprises there...

All the best,
Cryptowisser - Your Trading Cryptocurrency Guide
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