I am thinking to start own exchange website like (coinexchange.io) , yes I want to build small exchange.
But before start I want to know something , hope I will get my answer.
Building exchange is profitable?
How much investment it's need?
Where I can promote it?
How can I avoid or put low transaction cost?
How much time do I need per day behind this project?
If you want to share any suggestions then most welcome.
If you have to ask such basic questions, you are probably not suited to run an exchange. Sorry. :/
Thanks for your valuable reply.
If I want to start any business then definitely I know something about that business, but I have to gain more knowledge about that business to be success in same.
It takes a large investment and a lot of technical knowledge along with employees. Sure you could put up a cheap exchange run from a home server but who's going to want to use it? After you create a secure site and everything, you then need to spend on advertising and customer acquiring. With your background I think there are better options if you want to make money.
Everyone here to earn a profit, you are not? As I said in the previous post I have friends with skill and knowledge, so my side I don't have a problem with employees.
You are joking, why I should use cheap exchange for a big project.
I need advertising , can you suggest any best source of advertising for this project,if i start.?
I think it is hard to find people who are reliable if you don't have the know-how yourself to be able to do it even if they don't exist