Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Should we invest in a bitcoin exchange?
by
NorrisK
on 19/06/2020, 09:58:23 UTC
⭐ Merited by vapourminer (1)
That would basically be throwing away 10.000 USD and asking for legal problems.

Running an exchange is not a one man operation. You need a cyber security team, automated deposit/withdrawel systems, you need marketing (how else will you get people on your exchange?), probably a lot of cash to fund promotions to even get people trading there to get enough volume.

Ask yourself: Why would anyone trade on your platform? It would have to be better then the large and established exchanges or offer more (e.g. lower fees).