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[westmania]

Just thinking minimally what should i need to have a crypto tradibg exchange with ability to list at least 200 coins and new coin adding with time. No margin, nk staking, no extra feature, no rank promotion i just need a minimal but fast exchange (USDT market only). Blockchain technology knowledge including wallet API may be a must have and a specific capital to launch exchange. Website and only abdroid app. anything else ?

 

[tinalupescu41]

Never easy and you should not go for it until you have achieved a lot of things to perfection. Many exchanges are suffering loss and crypto hacking threat is always there. Additionally huge huge capital is needed and wise technical knowledge is a must have in this case.

 

[lespi506]

Never easy and you should not go for it until you have achieved a lot of things to perfection. Many exchanges are suffering loss and crypto hacking threat is always there. Additionally huge huge capital is needed and wise technical knowledge is a must have in this case.

This is exciting but challenging. A lot of coins to be added and millions of people trading on my platform is just fabulous feel. Not only capital or technical skill, I think one need far beyond driven to achieve it. Marketing needs to be done heavily.

 

[westmania]

Never easy and you should not go for it until you have achieved a lot of things to perfection. Many exchanges are suffering loss and crypto hacking threat is always there. Additionally huge huge capital is needed and wise technical knowledge is a must have in this case.

Pretty harsh what you've written here but I won't mind cause they are true. I like to achieve it one day lets see. Its not my dream cause a lot of things come into my mind. But it seems nice to own a crypto exchange. Hacking attack is what it comes to my mind now as only fear.

 

[tinalupescu41]

I wish one day your dream will come true. I will say work for your dream. Gather experiences and capital and go for it. Nothing is impossible. There are tons of exchanges out there so why you are about to bring another one just think about it.

 

[Brain]

This is another form of business, so just like the other people have stated you will need to have the passion first the. Find a way of competitors to find a better route to having no issue with the exchange

 

[westmania]

This is another form of business, so just like the other people have stated you will need to have the passion first the. Find a way of competitors to find a better route to having no issue with the exchange

Yes I guess some advanced features that are not yet present in top exchanges may be demanding. Nothing came to my mind. But I believe app interface could be enhanced where everything in one screen.

 

[Wisdom01]

I think you also need to consider improving the security of the site and also you might consider registering the exchange site to a governmental body so that people can put trust in it

 

[westmania]

I think you also need to consider improving the security of the site and also you might consider registering the exchange site to a governmental body so that people can put trust in it

Governmental body is a nice idea. Good suggestion mate. There are further exciting features but all seem price prediction or gambling. I dont need those types of features actually. KYC can be made air easy. May be one of the most attractive features can be weekly a person can have 2 free exchanges like I have BTC i can instantly get DOGE or any coin of my choice without fee for a certain limit. This free exchange feature one may get more if his trade volume touches a certain level every month.

 

[Wisdom01]

Governmental body is a nice idea. Good suggestion mate. There are further exciting features but all seem price prediction or gambling. I dont need those types of features actually. KYC can be made air easy. May be one of the most attractive features can be weekly a person can have 2 free exchanges like I have BTC i can instantly get DOGE or any coin of my choice without fee for a certain limit. This free exchange feature one may get more if his trade volume touches a certain level every month.

This is a good idea but i would suggest you still register and get license from a government body , so that users would have confidence of investing into your exchange site

 

[onlyprofits]

Just thinking minimally what should i need to have a crypto tradibg exchange with ability to list at least 200 coins and new coin adding with time. No margin, nk staking, no extra feature, no rank promotion i just need a minimal but fast exchange (USDT market only). Blockchain technology knowledge including wallet API may be a must have and a specific capital to launch exchange. Website and only abdroid app. anything else ?

This question is very interesting, 3 years ago I wanted to launch a cryptocurrency exchange, but my partner was not convinced and I did not continue to persevere, now I regret not having done it.
The main thing you should have is a lot of money for hosting, security, programmers, etc.

 

[henrylordstron]

This question is very interesting, 3 years ago I wanted to launch a cryptocurrency exchange, but my partner was not convinced and I did not continue to persevere, now I regret not having done it.
The main thing you should have is a lot of money for hosting, security, programmers, etc.

Woo.. you wanted too. cool. but one fact is there are hundreds of exchanges out there so conpetition is very very tough. Have you thought about this thing ? I love crypto too but never think of ownership of an exchange ! too good to have it.

 

[lespi506]

Governmental body is a nice idea. Good suggestion mate. There are further exciting features but all seem price prediction or gambling. I dont need those types of features actually. KYC can be made air easy. May be one of the most attractive features can be weekly a person can have 2 free exchanges like I have BTC i can instantly get DOGE or any coin of my choice without fee for a certain limit. This free exchange feature one may get more if his trade volume touches a certain level every month.

Idea of free exchange is fabulous. Its like for a certain limit exchanger will not profit and allow users to run free with some coin deal. It can be very popular cause we need to meet trader demands to attract huge users in our platform.

 

[onlyprofits]

Woo.. you wanted too. cool. but one fact is there are hundreds of exchanges out there so conpetition is very very tough. Have you thought about this thing ? I love crypto too but never think of ownership of an exchange ! too good to have it.

I taught it in 2017, in that year it was an excellent idea, currently I don't even think about it, it takes a lot of money in ublicity and promotions to get clients, not counting the investment in hosting and security.

 

[lespi506]

I taught it in 2017, in that year it was an excellent idea, currently I don't even think about it, it takes a lot of money in ublicity and promotions to get clients, not counting the investment in hosting and security.

That was also good time for bitcoin and bitcoin cash. I am alao wondering on the fact that how a coin price varies from one exchange to another. Or say ETF product to follow 3L profit but what if main coin rised 5% so likely to move 15% up that 3L but what if tons of traders sell 3L that time then how it will reflect ? main coin 5% up and 3L 3% up ! these calculation always confusing.

 

[BullyMaguire]

I think you need a whole team of experts for this, like security experts that will protect your exchange from hackers and a lot of funds.

 

[westmania]

This question is very interesting, 3 years ago I wanted to launch a cryptocurrency exchange, but my partner was not convinced and I did not continue to persevere, now I regret not having done it.
The main thing you should have is a lot of money for hosting, security, programmers, etc.

Good to know that my friend. Opportunities not always come but still those are not over. We should think with the sticks still have on our hand. Personal trading seem 100x precious to me rather than opening an exchange.

 

[BullyMaguire]

Good to know that my friend. Opportunities not always come but still those are not over. We should think with the sticks still have on our hand. Personal trading seem 100x precious to me rather than opening an exchange.

Don't give up on your dream to open your own exchange just because you're being discouraged by the comments. That's where everything starts. I hope you managed to do it.

 

[westmania]

Don't give up on your dream to open your own exchange just because you're being discouraged by the comments. That's where everything starts. I hope you managed to do it.

Thanks. I am not discouraged actually. Just my free opinion is I love trading a lot. Exchange opening is somewhat not as dreamy as doing my own trading still I will think about openkng exchange once first I manage money. More than a typical crypto exchange I dream of something different like another world where no crypto but something different I am just thinking that could be adrenaline popular like Grand Theft Auto game. That game like blind trading idea I was dreaming for years but main problem is I dont want to keep gambling or similar to gambling features but without those I cannot think of features. Blind trade or emotional trade is awesome. Like you can see icons to buy share but do not know its price. I've seen something like "Red vs Blue" in a unique faucet that is also gambling but very addictive.

 

[onlyprofits]

That was also good time for bitcoin and bitcoin cash. I am alao wondering on the fact that how a coin price varies from one exchange to another. Or say ETF product to follow 3L profit but what if main coin rised 5% so likely to move 15% up that 3L but what if tons of traders sell 3L that time then how it will reflect ? main coin 5% up and 3L 3% up ! these calculation always confusing.

I don't know what you mean by 3L !!! Can you explain better? For cryptocurrency trading you should know about "Price Action", that helps you see where the price of the cryptocurrency of interest can go

Good to know that my friend. Opportunities not always come but still those are not over. We should think with the sticks still have on our hand. Personal trading seem 100x precious to me rather than opening an exchange.

Cryptocurrency trading is good to apply only when you actually know about the subject or invest money that you are willing to lose, at this time it is good to invest since you do not need much knowledge because the market is on the rise, but when it stabilizes it will be more difficult earn money