Sure, thanks :-)

There are very few consultants, who are expert on this subject. Let me google and see, what I can find in US.

Thanks for advice. I guess, let me check ATM. (at least for small amount).
For large amount like 5 BTC, I will keep checking, what would be best to keep it straight.

Dave, I would want to cash out 10,000 at least. That's why don't want to have in-person transaction with somebody.
I will check paxful, how it works

Hi,

I want to withdraw some of my crypto saving, and I am in US. Don't want to use Coinbase. Fees to one thing, but I don't want to get noticed and be in complication of taxes and IRS.
I have bank in India too, but I am noticing that Indian banks are even more strict than US banks when it comes to crypto withdrawal.

I am reading few options here and some posts suggest using crypto.com or unbanked card. But those too require KYC, so how good they are than coinbase? I am guessing they also reports to IRS.

Kash card is coming from Terra, but that is not released yet and not much information is available on that.

Please advise.

Thanks

(PS. I am not against paying taxes, but tax structure is not clear on cryptos and its calculation would let me pay unfair amount).

In what way, it will be difficult for ICO team ?

Thanks all, for thoughtful responses.
If it can be legal issues, are their legal approvals, which can allow to sell token directly from cc ? Consider this utility token and consider it outside US, because I understand, it is difficult in US.

Yes, I agree.
I was thinking from point of view of ICO owners, if would that be so difficult to add a payment gateway along with ETH. I guess not. In-spite of, it can reach to more people and have more token sale, they are not implementing, so I am trying to figure out if there is any other reason.

Hi,

I see very very few ICO's, which allow they tokens to be bought by credit card directly.
What reason do you, behind this ? I thought, if it is open to bought from credit card, sale will be open to more people.
I am aware that many banks are not encouraging to buy crypto from their credit card, but not in all countries.

Thanks

All great idea, very helpful. Thank you.

If I am thinking from investors point of view, who is going to look, how he will earn. Can we also say that overall turnover of centralized exchange would be greater than DEX, as fees collected would be bigger, thus gives more monetary benefits to owner/creator or centralized exchange ?
Does it makes an difference ?

From earning prospective, can we also say that overall turnover of centralized exchange would be greater than DEX, as fees collected would be bigger, thus gives more monetary benefits to owner/creator or centralized exchange ?
I am not sure, how DEX earn their profit. How they collect their trading fees ? Etherdelta (DEX) was too complicated for me to use and understand, so never researched on that.

Thank you. It is nice explanation and agree that, from technical point of view, it is much more difficult to create a 'close to perfect' Decentralised exchange..

In my case, here problem is, investor being a not-very-technical-person, is looking at de-facto "Dex is better than Centralized". Definitely I can explain, how difficult it is to implement codes in better way. But every week or so, there has been new ICO announcing that they are coming with DEX. Many of them are not capable and just for the sake of attracting investors and create hype for their ICO sale, they anyway announce their idea. But investors are listening DEX more frequently.
Now, apart from explaining that we are not coming up DEX due to technical reasons, are there other benefits of Centralized, which can be explained ? Like, in centralized, trading fees would benefit him, as investor ? Or any more reasons to say, "We want to come with Centralized now, and DEX later" ?

Hello,

We are gathering some facts and information for opening a centralized exchange. We already know benefits of Decentralized that there are more advantages. But from development point of view, it is difficult to develop programs and write codes for Dex, specially a good Dex. That is reason, I want to keep Decentralized in road map in later stage.
Now, we have a possible investor and his focus to know is, when whole world is behind Decentralized, why you guys are developing another centralized trading exchange ? Instead of keeping decentralize in roadmap and develop it at later stage, why don't you work on dex now itself ?
I am trying to gathering some pros of centralized, specially from market and investor point of view and would like to hear opinions.
More ideas will help me to write more concrete answer.

Appreciate your help.
Thanks

Hello,

I am trying to get an idea about opening a new exchange. I read that there are certain procedures to get approval, with fees, for individual countries. Read somewhere that to allow exchange operate in Japan, one needs to pay a fees of around $100k. Does it mean, if that exchange has to operate in 20 countries, will it be needed to pay such a huge fees ?
I tried finding this information online, but I couldn't find this data for individual countries.
Any tips ?

Thanks

Yes, hope so.
But I was asking from the point of view of opening a new trading exchange and having this features. Every month so many ICO are launching and many of them are for trading platform, but there are hardly any exchange, who are announcing this feature. While this can be clearly a USP for that exchange, why don't they come up with it ?

Hi,
Margin trading is such a USP for exchange, still there are so less exchanges with this feature. Is it complexity to implement it or government regulations or financial aspect or risk ?
I am seeing that there are many ICO launching, for trading exchange, but hardly any coming up with this feature.
Thanks

There are solid plans on the way. But this is very initial phase of planning, so just putting everything on paper in advance.
Dedicated servers will be there and already that work is in progress for quotes, supports, etc. But for ICO webpage and user control panel can go on two (or more) separate servers for start. Eventually, it will be migrated to dedicated servers. It would give us some realistic facts, if we know, what resources are needed for servers.
When you say that there may be lot of requests on server(s), it looks like, it should have good network bandwidth. But from technical stats, need to figure out sufficient resources.

Hello,

(Mod: Please move it to appropriate forum, if this is not correct forum for this question)
I need some suggestions regarding server technical setup for Ethereum Wallet for new ICO. Obviously this is serious job of infrastructure and security engineer, but as a start, I am looking for some generic idea. Each user will have own login details to their control panel. They can always login to their control panel and see their invested Eth.
If it has to be planned on AWS Windows instance, what kind of instance can be picked (General Purpose vs Compute Optimized vs GPU Instances  vs Memory Optimized vs Storage Optimized) ?
I am feeling that network performance should be high, but how to determine the network performance ?
How redundancy will play here ?
How (large amount of) traffic will be handled, if many users will hit website ?

It would be great help, if somebody can suggest or have some discussion on this.

Thanks in advance

Understood, US is tough, or may be tough enough to deal with all these approvals and fight with all odd situations. This is all difficult to deal with approvals and fees. But I am trying to learn and choose between very tough vs less tough.
Is this same case with other countries as well ? I am trying to understand, how far we can go or what best one can come up with a new exchange.
Even if exchange office and servers hosting are in different country, exchange would not be allowed to link with Banks and get money ?

Hello,

I have couple of questions, for serious discussions. I am sure, fellow members will guide/point me to correct directions or whatever your opinion is, that would be helpful.

1- I am in US and we use Coinbase to buy Bitcoin from bank. Then we transfer that BTC/LTC to Bittrex/Binance/Cryptopia/Kucoin exchanges for trading. What stops these exchanges to accept fiat directly from bank, instead of keeping Coinbase in between ? If somebody come up with that exchange, wouldn't that exchange be more preferrable than others ?

2- If one has to open an exchange in multiple countries, does it need to get approved and some fees associated or any other info ? I understand that there is some regulations, for example, I am in Washington and while registering on few exchanges, if I select WA state, it says you are not allowed due to state restriction. Where that approval is placed ?

Thanks