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Author Topic: HOW TO CREATE A BITCOIN EXCHANGER?  (Read 1288 times)
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July 13, 2012, 03:52:30 PM
 #21

Although there is a list of opensource exchanges here https://bitcointalk.org/index.php?topic=87836.0 I'm with the rest of the posters that are giving you advice to stay out of running the exchange by yourself, especially if you're not a coder and security specialist. Even if you manage to hire staff, as I see it you would need substantial volume to support the development, maintenance of solid security protocols, and all the back office procedures while dealing as a clearing house with your banking provider.

If you'd like to exchange bitcoins in person for a start, you could point your community to a project such as localbitcoins https://bitcointalk.org/index.php?topic=86012.0 and start from there without much risk and investment.

If you still persist on running your own, keep asking questions, think well and create the project structure, secure the project funds, and look for a dedicated team that you will be working with on a long term. Possibly a local team that you can manage, pay wages in local currency, bitcoin, or a share in company revenue.

Thank u for the advice,
I think i will start with your advice of setting the local bitcoins for indonesia market first & then develop it from there.
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Raoul Duke
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July 13, 2012, 04:05:09 PM
 #22

http://depositfiles.com/files/2p6zvadzs

Have fun setting up a Bitcoinica of your own.
I'm pretty sure you won't have any difficulty being better than the original Grin

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July 13, 2012, 10:33:37 PM
 #23

It isn't really a matter of running certain software, it's general security you need to worry about.

For instance, you'd likely want to keep a firewall on the server blocking all unused ports from being accessed from outside of your internal network.  You'd also want to make sure all of the software you do use to maintain the server is as up to date at all times.  Also make sure that you don't run software as the root user on the machine unless it's absolutely necessary.

You also need to make sure that any scripts you make do not take user input - and if they absolutely have to, make sure it's sanitized first.  A good programmer would know what they need to do in order to secure things on the software-side of your website.

These are just a few of the many, many, many security issues you need to keep in mind when making a website or service.

Realistically, though, you'd want to learn all of these things yourself.  Especially if you plan on making a bitcoin business.

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July 15, 2012, 08:06:55 AM
 #24

http://depositfiles.com/files/2p6zvadzs

Have fun setting up a Bitcoinica of your own.
I'm pretty sure you won't have any difficulty being better than the original Grin

Thank u.
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July 15, 2012, 08:13:29 AM
 #25

It isn't really a matter of running certain software, it's general security you need to worry about.

For instance, you'd likely want to keep a firewall on the server blocking all unused ports from being accessed from outside of your internal network.  You'd also want to make sure all of the software you do use to maintain the server is as up to date at all times.  Also make sure that you don't run software as the root user on the machine unless it's absolutely necessary.

You also need to make sure that any scripts you make do not take user input - and if they absolutely have to, make sure it's sanitized first.  A good programmer would know what they need to do in order to secure things on the software-side of your website.

These are just a few of the many, many, many security issues you need to keep in mind when making a website or service.

Realistically, though, you'd want to learn all of these things yourself.  Especially if you plan on making a bitcoin business.

Ok thank u,i'll keep that in mind. Wink
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July 19, 2012, 01:37:07 AM
 #26

Ok thx for the info,i try to search davout here but cannot find it.
He isn't very active on the forums, but I think that if he had some advice to give to you it would be : "don't".
The actual code that runs the exchange is the easy relaxing part. The hard part is all the rest.

Code = easy
Dealing with banks, accounting, security, customers, taxation, lawyers, monitoring, automation = hard & stressful

Make a solid plan and leave the code thing as the last thing you'll do.

And better find a good one - you don't want to wake up and see all the coins in your server stolen.
And I don't have time to provide personalized code-level support to potential competition Smiley



Ok thanks for the input,i'll keep that in mind.
I think the same like u too,after the code is finish & setup,im thinking how & what to run this exchanger.
Yes it will be hard & stressful,but if the exchange run automaticly,
For example..we can drive the customer to do a deposit / withdrawl via bitinstant code,
Im sure we can minimize the hard & stressful.
Unfortunetly bitinstant havent available for my country currency.
Do u know where i can find bitinstant source code?

Thank u

Our serverside code isn't open but if you're interested in integration then get in touch and we can help you out with API client code.

What country are you in?
John (John K.)
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July 19, 2012, 01:42:40 AM
 #27

Ok thx for the info,i try to search davout here but cannot find it.
He isn't very active on the forums, but I think that if he had some advice to give to you it would be : "don't".
The actual code that runs the exchange is the easy relaxing part. The hard part is all the rest.

Code = easy
Dealing with banks, accounting, security, customers, taxation, lawyers, monitoring, automation = hard & stressful

Make a solid plan and leave the code thing as the last thing you'll do.

And better find a good one - you don't want to wake up and see all the coins in your server stolen.
And I don't have time to provide personalized code-level support to potential competition Smiley



Ok thanks for the input,i'll keep that in mind.
I think the same like u too,after the code is finish & setup,im thinking how & what to run this exchanger.
Yes it will be hard & stressful,but if the exchange run automaticly,
For example..we can drive the customer to do a deposit / withdrawl via bitinstant code,
Im sure we can minimize the hard & stressful.
Unfortunetly bitinstant havent available for my country currency.
Do u know where i can find bitinstant source code?

Thank u

Our serverside code isn't open but if you're interested in integration then get in touch and we can help you out with API client code.

What country are you in?
He's in Indonesia.

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August 24, 2012, 12:26:52 PM
 #28

Ok thx for the info,i try to search davout here but cannot find it.
He isn't very active on the forums, but I think that if he had some advice to give to you it would be : "don't".
The actual code that runs the exchange is the easy relaxing part. The hard part is all the rest.

Code = easy
Dealing with banks, accounting, security, customers, taxation, lawyers, monitoring, automation = hard & stressful

Make a solid plan and leave the code thing as the last thing you'll do.

And better find a good one - you don't want to wake up and see all the coins in your server stolen.
And I don't have time to provide personalized code-level support to potential competition Smiley



Ok thanks for the input,i'll keep that in mind.
I think the same like u too,after the code is finish & setup,im thinking how & what to run this exchanger.
Yes it will be hard & stressful,but if the exchange run automaticly,
For example..we can drive the customer to do a deposit / withdrawl via bitinstant code,
Im sure we can minimize the hard & stressful.
Unfortunetly bitinstant havent available for my country currency.
Do u know where i can find bitinstant source code?

Thank u

Our serverside code isn't open but if you're interested in integration then get in touch and we can help you out with API client code.

What country are you in?

Sorry for the late reply,i have a family matters to take care off.
Im in indonesia man,nice to hear that & greatly appriciate for your help.
loadrs2009
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August 24, 2012, 05:15:28 PM
 #29

good luck bro in your project

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