Would you like to setup your own crypto exchange if upfront costs are low?

[rationaltechoptimist]

If upfront costs are low and there is revenue sharing model, would you like to start your crypto exchange and test your marketing/non-tech skills?

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[cabron]

Its not just the marketing skills that you would need in managing an exchanges, its a constant battle for the hackers who are going to take your funds. Think about it, if binance which has a big team team of technical guys weren't able to protect 247 of the security of their exchange. For a new comer in the business, you'd have to under go so much problems with it.

But I'd like to set up my own, if I have to be part of the good team with experience.

[okala]

Why not if I have adequate knowledge on how exchange are set up and run, exchange is similar to mining and their set up capital are high there is no two ways about that and to operate a good and effective exchange you need both the material and human capital. Which can be costly.

[Gozie51]

I think this is for the guys that are already aspiring and having such dream for that, then if cost is reduced, it will be an advantage for them. Because, it is not just those with marketing skills, they also will understand the technology of the business.

[bonker]

If upfront costs are low and there is revenue sharing model, would you like to start your crypto exchange and test your marketing/non-tech skills?

If everyone has their own crypto exchange then who is going to trade on.

It is not easy to make a successful crypto exchange and it can't be done by a single person you need team with appropriate skills.

[Red-Apple]

you have to be really bad that economics to want to set up your own crypto exchange platform even with no costs up front!
like any other business, starting an exchange business requires a lot of money to spend to first create a very secure platform that people can have their money in it safely and without risk of getting hacked every day. and then you have to spend a lot of money advertising it to get people find out about your exchange and come test it out.
there is a lot of other considerations  too. but won't get into them. long story short, for the inexperienced it would be a waste of a ton of money and time.

[Gabmot]

Of course if i have got the chance to do this, it's a great opportunity. However i do understand there is so much more to put in place. If any opportunity arises, am gonna take good chance of

[der_troll]

Why not? I mean there are so much great ideas among the crypto community that are not done by the major exchanges because firstly they want only to increase their profit and secondly they do not really hear to us. I would be a great idea to launch great exchange for regular users.

[nicster551]

If upfront costs are low and there is revenue sharing model, would you like to start your crypto exchange and test your marketing/non-tech skills?

For sure yes, I would like to test out my marketing skills whether the community will use this exchange just like the top and respective ones. And cryptocurrency exchange is very profitable even though its bear or bull market. Traders are everywhere despite of the market condition.

[hrunya102]

If upfront costs are low and there is revenue sharing model, would you like to start your crypto exchange and test your marketing/non-tech skills?

If everyone has their own crypto exchange then who is going to trade on.

It is not easy to make a successful crypto exchange and it can't be done by a single person you need team with appropriate skills.

Each person on their own crypto exchange! We deserve a personal crypto exchange  . But seriously I am for the fact that the decentralized exchanges trading volume was more than now.

[rjp55]

I would love to have an exchange 2 years ago.

But right now it is a dead job. Hundreds of exchanges which the only a couple are getting used.

[Adriano2010]

I not preffer to set my own coin, because if something happen and the price drop i will be sorry for all investors and i can't do nothing to help them, maybe an exchange could be a good option but also need a lot of work and security to stay away from hackers.

[Stanlo]

Setting up an exchange is like taking responsibility for users funds ,that's gonna be on your neck ,and the truth is any low cost cyber security is shit ,it will be easy hacked so this is not a good opinion to me

[livingfree]

Nope, I understand that this kind of business doesn't fit me and won't work well for me. The competition is very tough if its about the exchanges and I don't care those upfront costs would be that low. It isn't the sole basis that you need to consider when building up an exchange.

I would like to test my marketing skills but I can excel in some other type of revenue sharing model rather than with this industry.

[traderethereum]

Of course, I want to have my own crypto exchange if the price does not cost too high because I think we will have another potential source of income from our own exchange.
But how much that cost to setup the crypto exchange and what needs to be prepared?
I only think about how much budget I need to prepare if the price is low cost.

[Hamphser]

If upfront costs are low and there is revenue sharing model, would you like to start your crypto exchange and test your marketing/non-tech skills?

If you are doing this alone then marketing/non-tech skills wouldnt be enough unless if you do have a partner which do really have the knowledge and
skills on building and handling an exchange.This business isnt really just a simple as others,you do need lots of consideration or factors needed to be
maintained specially on building a platform which do involves lots of users/traders.

[neonshium]

If upfront costs are low and there is revenue sharing model, would you like to start your crypto exchange and test your marketing/non-tech skills?

If everyone has their own crypto exchange then who is going to trade on.

It is not easy to make a successful crypto exchange and it can't be done by a single person you need team with appropriate skills.

Well that is the best pint some one could pick lol. I think having a crypto exchange is a key towards making big and I mean big money but again, having an exchange is not as easy as possible. You need to have the best security system besides many very important things. This is why Binance got hacked right but they had the ability to fund back the victims. In order to have an exchange, you would have to take people in trust and confidence as why should they use it.

[CoinFascination]

What about a dex? A self-sustaining model.
But when I think about it, both etherdelta and cryptobridge had the same problems as any exchange would have around KYC.

[mrkavasaki]

Why not if I have adequate knowledge on how exchange are set up and run, exchange is similar to mining and their set up capital are high there is no two ways about that and to operate a good and effective exchange you need both the material and human capital. Which can be costly.

Profit from the market during this time is easy, it is too easy for the forex and stock markets. For those with knowledge I think their profits will be higher than those of fomo investors

[shinharu10282016]

If upfront costs are low and there is revenue sharing model, would you like to start your crypto exchange and test your marketing/non-tech skills?

For me, its like what Uncle Ben of Spiderman says

With great power comes great responsibilities.

If you can actually set up an exchange worthy of low costs but is hackable, I would rather not. Security breach is one of the issues being faced by the blockchain industry. Plus, you really have to put in some good money for it to actually work. So what you said is actually contradictory to the truth.