Quote from: devansh1991 on July 14, 2013, 07:21:23 PM

Hi guys! I am a 4th yr btech student from NIT Jamshedpur. I read about bitcoins in a forbesindia article a couple of months back. I wanted to buy a few coins but could not find an efficient and a reliable site/exchange to trade coins. I have joined hands with a friend of mine from IIT Kgp and am planning to start an exchange. We will be operating from our colg. campus itself so that should remove the "trust deficit" since we still have an entire year of colg. left and cannot run away with your money.

1)I would like to know the problems faced by bitcoin traders and we'll try to solve them.

2) Could any one give me a rough estimate about the no. of active bitcoin traders and how actively they trade?

3) Our operational costs will be pretty low since we'll be operating from our colg. Therefore we would like to charge then smallest possible commissio that would be just enough to cover our costs. As per my calculations a commission of 3% should be sufficient. I need your feed back on the commssion rate.

Any suggestion/advice is welcome
Hopefully we'll have the exchange rolling in a couple of months.

Spending a bit of time at the Forum Marketplace should give you a small idea of the ongoing trades. You can also refer to localbitcoins to see how the spread is across several cities.

All the best and do your research well.