Should we invest in a bitcoin exchange?

[Inkdatar]

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.

Many have observed this one that there are many exchanges of cryptocurrency but some did not survived because of low volume, lack of users and some did not meet the expectation of the users. Actuall, it entails a huge of funds to invest in a bitcoin exchange and one must have a unique platform and can be popular that may attract more users. Yes, it is irrelevant these days but if the person has really the guts to do so the best luck for him.

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[shata]

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 think this is answered already and I may be repeating this enough, however this question too is highly subjective.

From trader into aspiring owner/founder of bitcoin exchange are two different perspective. The way how to manage an exchange involved a large sum of amount, knowing that it involved developers, experts, advisors and many more; 10 grand could only be wasted like other exhanges with little to nothing, valued right now.

In other words this is very risky, however it doesn't mean this is nothing. If you're committed to do it right, you need to work hard on it.

sometimes exchanges are created for founders profiteering without thinking their investors' interest

[CaVO32]

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 think this is answered already and I may be repeating this enough, however this question too is highly subjective.

From trader into aspiring owner/founder of bitcoin exchange are two different perspective. The way how to manage an exchange involved a large sum of amount, knowing that it involved developers, experts, advisors and many more; 10 grand could only be wasted like other exhanges with little to nothing, valued right now.

In other words this is very risky, however it doesn't mean this is nothing. If you're committed to do it right, you need to work hard on it.

sometimes exchanges are created for founders profiteering without thinking their investors' interest

And this kind of goal does need other members to push thru this project. Very hard to run solo in this big endeavour. If the OP is thinking that it is easy peasy, it's not. Each member of the team should have their own skills and experience in order to be successful. Running a legit and decent bitcoin exchange needs more than 10grand. Unless, you want to run a substandard unlicensed exchange. But you will not go anywhere in this business. I hope by now the OP already came into his senses that running a decent exchange takes a lot of resources and hard work. Better stay in trading and do where you're good at.

[bitterguy28]

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.

It's about how you can take the risk, there are already too many small exchange and success rate is not that good, though you can
still try your fate and see if how good and lucky you are from this field.
Taking the risk is all that matter, if you are really interested and you have the desire to fulfil there's  always opportunities out there.

[Sadlife]

Why not try and consult an expert regarding Trading exchanges or joining Webinars to educate yourself with the fundamentals and the pros and cons.
Because building it is easy the problem is, how would you rank it against to many competitors in Crypto space. How are you gonna profit and how much is the risk.

[Savemore]

I think there is a misconception, if you are planning to make investment in bitcoin for a long time then do not use an exchange because of the risk. There are now a lot of exchanges that been hacked before so it is a proof that we should not keep our bitcoin for a long period of time. It is more good if we will just open an offline wallet then we should place it there. But if you are planning to do short term trading then reliable exchanges can help you.

[kotajikikox]

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?

Better make research first over internet and Read the answers here before finalizing your decisions in creating your own exchange.

Recently there are Multiple exchanges that had been closed,they even closed after years of operation .

You Know why?because Competition in Exchange business is not that easy and you can just lose everything once you become the target of hackers.

[CarnagexD]

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.

The question is "Is it effective as a cryptocurrency exchange?".
Although there are a lot of cryptocurrency exchange that existed, but how about its service to its customers?

Maybe he just to create and become one of those most popular cryptocurrency exchange, and as long as there is an opportunity he should grab it. Investing on bitcoin exchange is probably expensive as you need to consider the salary of those programmers that you are going to hire to make your platform work. Also studies should be made so that you know how to run a crypto exchange without technical issues and you also troubleshoot issues immediately.

[uneng]

That is an ideia, but be aware it's not so simple. However if you really want to start your own exchange and doesn't have much money to invest or the right contacts to make, you can start as a local crypto exchange focused in providing your country or a smaller community of people, offering less options of crypto currencies on your platform. Then you can grow your business slowly if it really works for you.

[ChronoLite]

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?

its not something that you can easily implemented it. it requires you different thing to have working exchanges, you can't just spend money on any exchanges source code out there where the security and other stuff are still questionable. 10k dollars are not even enough to have a good exchange

[jerrison]

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?

There is more to setting up a bitcoin exchange than just the exchange source code itself. The security of exchangers are paramount. we have heard of cases where excahngers got hit even with the security measures put in place. it would take more than just ten thousand dollars to setup a proper bitcoin exchange apart from the source code. and after that you start considering liquidity also.

[bitfolio_dot_io]

Trading is a whole different game from exchange operations. Exchanges make money by charging a small transaction fee on each trade, regardless of the direction. So their whole business model is securing volume (i.e. number of traders), which requires domain expertise in marketing, security, partnerships, and technology. Whereas a trader's only interest is making a winning bet, so the only domain expertise required is market analysis.

There's a reason white-label exchange source code is only $10k. Requires millions more to actually make an exchange a successful business.

[Golftech]

it's not something that you can easily implemented it.

Indeed, there are lots of things to consider before you can decide to put up this types of business.

it requires you different thing to have working exchanges, you can't just spend money on any exchanges source code out there where the security and other stuff are still questionable.

You need to make sure to focus with securities, hackers are circling around and always looking for possible victims.

10k dollars are not even enough to have a good exchange

If aiming for decent and reliable exchange, it take higher amount of capital in order to meet everything that are needed from this business.

[KnightElite]

It is possible after all but make sure that you are aware on what is really your goal, If you want to actively buying and selling bitcoin then exchange is suitable for you because there fees are much lower than wallets that have exchange rates but if you will gonna hold it for a then try to just use bitcoin wallet. But still it is just a merely opinion, you can still follow what you want and I'm just saying that you should have risk management in order to handle your fund easily.

[romero121]

Among the common cryptocurrency users there is good opinion about the exchange backed cryptocurrencies. It is also true that most of the cryptocurrencies (exchange backed) listed on coinmarketcap have got good volume and have gained the trust. This is all because of the exchanges serving to be the backbone to the entire cryptocurrency network.

From my personal experience all the investment made over exchange backed cryptocurrencies have got good profit. Few of which were XUC, XET, BNB.

[lixer]

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?

Lol, so you’re one of those that thinks that running a cryptocurrency exchange is easy .
Don’t get yourself involved in what you can’t do. And you seeking for all these people offering source codes?
I think you should relax, spend some time and gain in-depth knowledge on cryptocurrency exchange and how the Business works.

Even if the link you left here is legit, it just doesn’t end with paying $10,000 and then all of a sudden the whole world is trading on your exchange and you’re making money just yourself, lol. It doesn’t work that way.