It sounds like a good idea but how would you get around KYC/AML laws in different countries? In Canada they're very strict so you wouldn't be able to not know who you were dealing with if you were a money exchanger.
Please, answer for one question: If you think that it's good idea, do you use bitsquare.io? How often do you trade on this exchanger? How do you estimate Bitsquare exchange by using 10-point scale?
You have a few good questions.
I have used Bitsquare for awhile, and I can say their UI/UX experience is phenomenal. They also handle the connection to Tor before you're able to trade, another superb feature. But I did find some areas I wasn't personally happy about.
1. Limitation on exchange.
There is a cap on how much one can trade, and this present a problem for audiences who want to move around their assets. Max trade duration: 1 day / Max trade limit 3.00 BTC (only $2730 currently)
2. Centralized blockchain explorers
Though Tor connection is required, users aren't able to select their own source as to where they are gathering Bitcoin's Blockchain data. Same for other blockchains
There is always a need for anonymous exchanges, it would be really welcome but you would have to make everything clear from the start.
How were you looking to do this?
How were you looking to do this?
Transparency is critical when starting a new business, and this is more true for an exchange. We will be providing all our code as open source, which will allow for anyone to verify that it's not even possible for anyone involved in this exchange to know who you are, or how you spend your money. I hope this sheds some light on your question. If it hasn't, please provide more details so we may explain more clearly.
+KidMarx