Jemzx00
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July 11, 2020, 12:15:55 PM |
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If you read some rules regarding some exchanges, they are displaying that do not place too much tokens or coins that is held there for a long time. This means that exchanges are made for exchanging. You only use them for a small amount of time and not that long because those wallets are not specifically made for holding them for too long. Exchanges can encounter problems and you can avoid them by only using them when you need to.
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UserU
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July 11, 2020, 01:11:14 PM |
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If you read some rules regarding some exchanges, they are displaying that do not place too much tokens or coins that is held there for a long time. This means that exchanges are made for exchanging. You only use them for a small amount of time and not that long because those wallets are not specifically made for holding them for too long. Exchanges can encounter problems and you can avoid them by only using them when you need to.
More exchanges are becoming smart by offering interests to customers in order to secure their funds.
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Zackgeno96
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July 11, 2020, 01:24:10 PM |
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If you read some rules regarding some exchanges, they are displaying that do not place too much tokens or coins that is held there for a long time. This means that exchanges are made for exchanging. You only use them for a small amount of time and not that long because those wallets are not specifically made for holding them for too long. Exchanges can encounter problems and you can avoid them by only using them when you need to.
Investing in exchange is completely different from holding your funds on the exchange. When you invest an X amount of money then they pay you dividend or intrest based on their growth and profit, some exchanges require the users to hold the exchange issued token and I like the holding tokens method more than just investing in the exchange because if the exchange becomes more popular then the token will also increase in price have a look at Binance and you will understand. As for having your funds stored in the exchange account, then it is a very risky option for parking your money cuz the exchanges are vulnerable to exploits if there is any left in the code and then you can lose your money in case the exchange faces a hack.
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klavyemaus52
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July 11, 2020, 04:05:13 PM |
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After many years of trading, I realized that I should have my own bitcoin exchange. With a volatile bitcoin market investing in a bitcoin exchange is really beneficial. I need more sincere advice? After consulting a number of suppliers. Only $ 10,000 for a bitcoin exchange. Details: bitcoin exchange source code . With such an amount, should an bitcoin exchange be invested? I am in this job like 2.5 or 3 years and i started to buy my first bitcoin at my first year. And i never seen losing person who have bitcoin. Bitcoin always lets you make profit if you can wait for appropriate time.
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Benefactor
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July 12, 2020, 06:33:58 AM |
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After many years of trading, I realized that I should have my own bitcoin exchange. With a volatile bitcoin market investing in a bitcoin exchange is really beneficial. I need more sincere advice? After consulting a number of suppliers. Only $ 10,000 for a bitcoin exchange. Details: bitcoin exchange source code . With such an amount, should an bitcoin exchange be invested? It all depends on how much you know about running an exchange. You need to know everything from starting an exchange to the end. I don't think you can do very well here without prior experience. If you do not know the A 2 Z of an exchange, it would be better for you not to invest here. So you should follow the Bitcoin exchange rules then it's good idea for us.
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Nhor1011
Member
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Daxetoken.net
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July 12, 2020, 07:21:37 AM |
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After many years of trading, I realized that I should have my own bitcoin exchange. With a volatile bitcoin market investing in a bitcoin exchange is really beneficial. I need more sincere advice? After consulting a number of suppliers. Only $ 10,000 for a bitcoin exchange. Details: bitcoin exchange source code . With such an amount, should an bitcoin exchange be invested? If you have enough knowledge about everything in order to put up your own exchange and if you have enough capital then why not?! But if you just entrust your bitcoin exchange to others that have knowledge on it and you just put a capital for it ,then i think that is a bad idea because scammers may arise and stole the money or funds of the people who wants to use your exchange. Much better to do more research before jumping into a business like exchange.
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Viscore
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July 12, 2020, 07:27:18 AM |
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Bitcoin exchange is one of the most profitable business in the crypto space, you need a decent capital with this, so make sure you'll do everything to succeed. The problem is, the biggest exchanges in the market are already dominating, like the Binance, Coinbased, and Huobi, and people are looking at these exchange as good exchanges so most likely you will have a hard time to find traders using your site, I mean the volume of traders that will make your operation profitable.
I don't want to judge early, but I'm telling you, it's a big challenge for investors to start this kind of business.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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Robust Crypto
Jr. Member
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Activity: 100
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July 12, 2020, 07:46:32 AM |
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After many years of trading, I realized that I should have my own bitcoin exchange. With a volatile bitcoin market investing in a bitcoin exchange is really beneficial. I need more sincere advice? After consulting a number of suppliers. Only $ 10,000 for a bitcoin exchange. Details: bitcoin exchange source code . With such an amount, should an bitcoin exchange be invested? Be careful. Many will use 0X protocol or some prebuild engine to build you an exchange.
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AniviaBtc
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First 100% Liquid Stablecoin Backed by Gold
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July 12, 2020, 08:18:32 AM |
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Keep an eye out of this platforms that offers bitcoin exchange source code especially if you do not have a deep background or extensive technical knowledge on this matter since building a cryptocurrency exchange is not as simple as we might think.
Building an exchange should be done deliberately and having the control of people's money, and being the intermediary of their trades needs a well-educated technical team behind a complex project. Secondly, it is a no-brainer that opening an exchange also needs to consider the legal implications as it will serve as the protection for people who uses the platform especially if the source code you will be using is not originally created by you.
In fact, people with no programming background should not use an open source code of a bitcoin exchange because of the possibility that it might have a backdoor written on it which can cause a catastrophic failure of funds being lost.
Investing in a bitcoin exchange should be studied first before you do some actions regarding this. In making an exchange, you need to have a huge budget because it is not a cheap investment than you think. There are a lot of things to consider before you do it, the market, the people, the prices, and etc. But if you really want to create one, you should hire someone that is knowledgeable about programming, the market, or people who are professional when it comes to this platforms. And that will be included to your expenses, earning reputation is easy once you are giving good service to your customers but still you need to take care of their money because that's your priority to prevent bad reputation.
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Vatimins
Sr. Member
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Blue0x.com
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July 12, 2020, 03:41:09 PM |
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You know what op, I really think that that is a really great idea. It has also crossed my mind a couple of times. The only problem for me is the funding. Lol. But seriously though, I really think you should give it a shot yourself. Start off with the famous ones. Also, it would he nice if you can encounter an exchange that is just starting out but has great people behind it. This is quite risky so you should do it a bit later when you are more confident about your skills on investing on exchanges like background checking of the developers, the investors, and so on.. I hope you make the best decisions. Good luck )
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Asuspawer09
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July 12, 2020, 05:53:45 PM |
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After many years of trading, I realized that I should have my own bitcoin exchange. With a volatile bitcoin market investing in a bitcoin exchange is really beneficial. I need more sincere advice? After consulting a number of suppliers. Only $ 10,000 for a bitcoin exchange. Details: bitcoin exchange source code . With such an amount, should an bitcoin exchange be invested? It is not really recommended to invest in exchanges for the long term investment as many exchanges end up closing because it is a risky business as the market price of a lot of cryptocurrencies is going up and down. For short term investment or you're just going to exchange some of your token exchanges work really well for some of the users, but still do not put a big amount of funds in exchanges and if you're going to put a big amount you might need to go for a popular exchange that is already trusted by a lot of users. If you're just going for bitcoin just go for a bitcoin wallet that has a private key and store your bitcoin their for long term investment.
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Ryker1
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Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
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July 12, 2020, 06:31:19 PM |
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It is not really recommended to invest in exchanges for the long term investment as many exchanges end up closing because it is a risky business as the market price of a lot of cryptocurrencies is going up and down.
For short term investment or you're just going to exchange some of your token exchanges work really well for some of the users, but still do not put a big amount of funds in exchanges and if you're going to put a big amount you might need to go for a popular exchange that is already trusted by a lot of users.
If you're just going for bitcoin just go for a bitcoin wallet that has a private key and store your bitcoin their for long term investment.
Well, sounds you did not get of what OP wanted. Op did not want to put his bitcoin on an exchange, however, --OP asked sincere advice if the $10k is enough capital to build his own exchange. Indeed right. The Crypto market exchange business is very profitable but if you will succeed in building and establishing on it. Just like gaining trust in the crypto community just like what Binance did. Analytically speaking, I can't compute what is the exact amount will cost but for sure it should be thousands of dollars.
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| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Lanatsa
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July 12, 2020, 06:40:47 PM |
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It is not really recommended to invest in exchanges for the long term investment as many exchanges end up closing because it is a risky business as the market price of a lot of cryptocurrencies is going up and down.
For short term investment or you're just going to exchange some of your token exchanges work really well for some of the users, but still do not put a big amount of funds in exchanges and if you're going to put a big amount you might need to go for a popular exchange that is already trusted by a lot of users.
If you're just going for bitcoin just go for a bitcoin wallet that has a private key and store your bitcoin their for long term investment.
Well, sounds you did not get of what OP wanted. Op did not want to put his bitcoin on an exchange, however, --OP asked sincere advice if the $10k is enough capital to build his own exchange. Indeed right. The Crypto market exchange business is very profitable but if you will succeed in building and establishing on it. Just like gaining trust in the crypto community just like what Binance did. Analytically speaking, I can't compute what is the exact amount will cost but for sure it should be thousands of dollars. Hundreds of thousands you mean because establishing nor creating one wont really just talk tens of thousands if we do base up on creating the platform plus the marketing alone which wont really be a small amounts to talk on.Also, if you do consider such business then you should be at least knowledgeable towards it, not just trying to dive in just because you have seen others exchange do succeed and make some real profits.It isnt easy as it sounds!.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Oceat
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July 12, 2020, 09:36:17 PM |
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It is not really recommended to invest in exchanges for the long term investment as many exchanges end up closing because it is a risky business as the market price of a lot of cryptocurrencies is going up and down.
For short term investment or you're just going to exchange some of your token exchanges work really well for some of the users, but still do not put a big amount of funds in exchanges and if you're going to put a big amount you might need to go for a popular exchange that is already trusted by a lot of users.
If you're just going for bitcoin just go for a bitcoin wallet that has a private key and store your bitcoin their for long term investment.
Well, sounds you did not get of what OP wanted. Op did not want to put his bitcoin on an exchange, however, --OP asked sincere advice if the $10k is enough capital to build his own exchange. Indeed right. The Crypto market exchange business is very profitable but if you will succeed in building and establishing on it. Just like gaining trust in the crypto community just like what Binance did. Analytically speaking, I can't compute what is the exact amount will cost but for sure it should be thousands of dollars. Hundreds of thousands you mean because establishing nor creating one wont really just talk tens of thousands if we do base up on creating the platform plus the marketing alone which wont really be a small amounts to talk on.Also, if you do consider such business then you should be at least knowledgeable towards it, not just trying to dive in just because you have seen others exchange do succeed and make some real profits.It isnt easy as it sounds!. Oh, you guys mean it's really hard to build a business especially the biggest one where there's a potential that it could gather more people. But let's just check the fact that not everyone is like that, so does gathering potential clients. People who carelessly think copying business is good while they don't know how to make people choose them is still useless. I think exchange business is kind of a big business especially if you have to deal with people online.
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rathaha10
Full Member
Offline
Activity: 616
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io.ezystayz.com
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July 12, 2020, 10:04:04 PM |
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After many years of trading, I realized that I should have my own bitcoin exchange. With a volatile bitcoin market investing in a bitcoin exchange is really beneficial. I need more sincere advice? After consulting a number of suppliers. Only $ 10,000 for a bitcoin exchange. Details: bitcoin exchange source code . With such an amount, should an bitcoin exchange be invested? It all depends on dedication and eventually luch will shine your way. Few days ago, someone asked cz_binance on twitter for his advice about people looking to run a successful exchange just like him and his reply was that it is not late to start anything, so far you love and have passion for something and when you give it your best, luck will shine through one day no matter how difficult it might seems
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Hypnosis00
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July 12, 2020, 10:30:40 PM |
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After many years of trading, I realized that I should have my own bitcoin exchange. With a volatile bitcoin market investing in a bitcoin exchange is really beneficial. I need more sincere advice? After consulting a number of suppliers. Only $ 10,000 for a bitcoin exchange. Details: bitcoin exchange source code . With such an amount, should an bitcoin exchange be invested? It all depends on dedication and eventually luch will shine your way. Few days ago, someone asked cz_binance on twitter for his advice about people looking to run a successful exchange just like him and his reply was that it is not late to start anything, so far you love and have passion for something and when you give it your best, luck will shine through one day no matter how difficult it might seems Well, that it matters most "dedication" but also it something to rely on the funds you've been holding and the people around you who give their knowledge to completely work. We can make it alone as we know that, we assume that you have the dedication and optimism but can't assure also that your teammates will work the same as you. You all need their commitment as well and that for sure it works smoothly but I say, we don't need to rush, it would in perfection, timing, and having a concrete plan. Not because you'll have already the money (enough to start) but look into yourself also and your people if they are ready for this.
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Shasha80
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July 13, 2020, 04:58:14 AM |
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I'm happy with your desire to make a Bitcoin exchange, it reminded me a few years ago to make a Bitcoin exchange too. But after I learned and researched it requires a capital of around $ 100,000 and that too is still likely to fail. So I decided to find another business. While you with a capital of $ 10,000 are very brave to make a Bitcoin exchange. Better to stop the intention to make Bitcoin exchange, your capital will run out and you will fail. Because running a Bitcoin exchange isn't easy, it's not enough create a website and buy source code. There are other things like creating a developer team and also marketing costs that cost a lot of money. My advice is to use the $ 10,000 you have for trading, be more realistic and the chances of success are quite large.
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mezzaluna
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★Bitvest.io★ Play Plinko or Invest!
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July 13, 2020, 11:31:12 AM |
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That actually depends because Exchanges do not solely trade Bitcoin. They can just use Bitcoin as their primary fee for transactions and see in the long run if whether that can be profitable for both the users and the developers of the exchange.
Investing on exchanges are always risky since they have the possibility of closing once they cannot cater enough users to use their platform BUT if they can boast one of their best features and invite a lot of users, then that would surely be profitable.
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Dilerium90
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July 13, 2020, 01:44:15 PM |
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Over the past few years, a huge number of cryptocurrency exchanges have appeared. There are a lot of small exchanges that lack volatility. I don’t think it makes sense now to create another exchange. It was relevant in 2017-2018. In any case, if you have a great desire, confidence and an extra $ 10,000, then you can take a chance.
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Wenbing
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There is gold in volatility..
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July 13, 2020, 02:29:39 PM |
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Keep an eye out of this platforms that offers bitcoin exchange source code especially if you do not have a deep background or extensive technical knowledge on this matter since building a cryptocurrency exchange is not as simple as we might think.
Building an exchange should be done deliberately and having the control of people's money, and being the intermediary of their trades needs a well-educated technical team behind a complex project. Secondly, it is a no-brainer that opening an exchange also needs to consider the legal implications as it will serve as the protection for people who uses the platform especially if the source code you will be using is not originally created by you.
In fact, people with no programming background should not use an open source code of a bitcoin exchange because of the possibility that it might have a backdoor written on it which can cause a catastrophic failure of funds being lost.
This is purely a crypto entrepreneural issue. I will suggest the following which i believe will be of help to you being that you already have knowledge of crypto trading. 1. Form a team which will consist of both technical experts and crypto marketing experts. 2. Have a business model that will surely give you an edge in the industry. 3. Try as much as possible to learn the technicalities of the technology, as you will be protecting the assets of people. 4. Try to retain your team by using the equity strategy.
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