Is anyone familiar with what all the operating expenses would be?
I own and manage several websites that are unrelated to cryptocurrency, but I don't own any service-based websites, so this would be a bit of new territory for me.
If anyone can shed some light on this, it'd be greatly appreciated.
Thanks.
Its deeper than what is going on on the surface and its one of the areas of business in crypto that one cannot just venture into because you have the entrepreneurial spirit. For you to really understand how it would run, you need to find some who is already running a legitimate one then understudy because for it to be successful, it goes beyond just building a website or running a ready made script that you install then hosts. Several challenges would include:
1. The legality: Recently, it has been a matter of action to get this right from the beginning that even the already established exchange sites are being forced to implement the KYC rule. How this is done and who to approach means you need to understudy.
2. Security: This is another serious matter because an exchange is always a target everyday which means just being an entrepreneur does not keep investors fund safe. Its a thing you need to get right. Other issues that you need to get right would include the marketing, the liquidity, the procedures for listing of coins, the moderators of chat box, would it be decentralised or centralised among other issues that would crop up during implementation.
