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[SCAMEXPOSER]

Virtually in every month we get to see new Exchange platforms been launched with freebies to motivate people to use their Exchange platforms to deposit and trade Crypto Currencies. In your opinion and experience do you think there huge profit in running a Crypto currencies Exchange platforms?.

 

[Wisdom01]

Yeah there is really huge profit attached to it because without that many wont run crypto exchange platform , since most exchange sites gain more revenue from trading fees and others

 

[SCAMEXPOSER]

Crypto currency exchange platform is very profitable because that is where Investors use to make any transaction with crypto currency and the owners of these PLATFORMs make huge amount of money any time a transaction is completed on their PLATFORM

You may be right because they could also percentage share of the the transaction fee likewise the buying and selling of different Crypto currencies.

 

[Wisdom01]

Crypto currency exchange platform is very profitable because that is where Investors use to make any transaction with crypto currency and the owners of these PLATFORMs make huge amount of money any time a transaction is completed on their PLATFORM

True but the tough aspect i know about crypto exchange platform is the level of security ,because any weak level of security could easily terminate the operation of the site ,when there is involvement of hackers

 

[SCAMEXPOSER]

True but the tough aspect i know about crypto exchange platform is the level of security ,because any weak level of security could easily terminate the operation of the site ,when there is involvement of hackers

That is the challenge and that is why only very few people or group of individuals and the ones money exchange platform because they need to commit serious finance to build up security measures such that the platform will not be attacked by hackers.

 

[SCAMEXPOSER]

True but the tough aspect i know about crypto exchange platform is the level of security ,because any weak level of security could easily terminate the operation of the site ,when there is involvement of hackers

That is the challenge and that is why only very few people or group of individuals and the ones money exchange platform because they need to commit serious finance to build up security measures such that the platform will not be attacked by hackers.

 

[Wisdom01]

That is the challenge and that is why only very few people or group of individuals and the ones money exchange platform because they need to commit serious finance to build up security measures such that the platform will not be attacked by hackers.

That is the reason most people have not yet created their exchange platform because they know that they don't have backup funds ,just incase the site gets hacked i think

 

[SCAMEXPOSER]

That is the reason most people have not yet created their exchange platform because they know that they don't have backup funds ,just incase the site gets hacked i think

It is very possible, it is highly capital intensive to launch a Crypto currencies platform and grow the platform to compete favourably.

 

[Joy101]

Yes, there is more profit in crypto currency exchange platform, because investors any transaction them make much money from any crypto transaction give them huge of money.

 

[Wisdom01]

It is very possible, it is highly capital intensive to launch a Crypto currencies platform and grow the platform to compete favourably.

Even to popularise it , it will cost a lot to market the crypto platform i think ,,since there are so many crypto exchange platform available

 

[Josemendez]

Virtually in every month we get to see new Exchange platforms been launched with freebies to motivate people to use their Exchange platforms to deposit and trade Crypto Currencies. In your opinion and experience do you think there huge profit in running a Crypto currencies Exchange platforms?.

Most cryptocurrency exchange platforms normally have their own profit they get from transaction ,this is one of the way they make profit. Also new coins pay them for their listing.

 

[Balint098]

Just like any other business ventures, it all depends on how hard you promote your exchange, how simple and easy the interface, and the safety of your exchange, along with other features and benefits like supported countries.

 

[SCAMEXPOSER]

Just like any other business ventures, it all depends on how hard you promote your exchange, how simple and easy the interface, and the safety of your exchange, along with other features and benefits like supported countries.

Yeah that's true because if you promote your exchange platform and you have more members who subscribed to your platform you don't have much traffic in terms of transactions and they make more money from all transactions and other activities I guess binance is one of the most populated exchange platform currently.

 

[microunit]

I think it would depend if you would have a large userbase to use your exchange platform, or have better features than other exchanges out there so people would come to yours, otherwise not that good, there are also some altcoins out there that are only listed on specific exchange sites, that could also help an exchange to gain attention provided that the altcoin has already have big attention to it

 

[Josemendez]

Yeah that's true because if you promote your exchange platform and you have more members who subscribed to your platform you don't have much traffic in terms of transactions and they make more money from all transactions and other activities I guess binance is one of the most populated exchange platform currently.

Binance has a good interface and a strong one for that matter . Their features are very attractive and their transaction rate is moderate .

 

[achawaskey]

There is no business that has no profit on it, if their is no profit it will not have started. So yes there is profit in running crypto exchange and the profit comes in many ways.

 

[SCAMEXPOSER]

There is no business that has no profit on it, if their is no profit it will not have started. So yes there is profit in running crypto exchange and the profit comes in many ways.

I don't think anybody has said it has no gain or interest in it but we are just trying discuss the different ways to make money from running exchange platform so make your contribution in that regard.

 

[BullyMaguire]

Very... Just imagine having thousand's of users and every exchange and trade they do you earn money. But it's also tricky you need to pay a lot for security

 

[microunit]

Very... Just imagine having thousand's of users and every exchange and trade they do you earn money. But it's also tricky you need to pay a lot for security

yep even just that you're getting 1% or less than that per trade transaction as some people carry out multiple transaction per hour, just that that exchange platforms are really vulnerable to attacks due to the amount of money it holds

 

[sagefave]

I believe that cryptocurrency exchange is a very profitable venture, considering that the exchange charge fees on each transaction and can handle transactions worth millions in dollars everyday.