Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: maklampir on October 08, 2018, 04:15:44 AM

Title: BitCoin Exchange
Post by: maklampir on October 08, 2018, 04:15:44 AM

Is making a bitcoin exchange a profitable business? Has anyone have any experience?
And I don't mean an online one, but a local one where people can go and buy/sell bitcoin.
What do you think?
I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?

Title: Re: BitCoin Exchange
Post by: kemalramdanu on October 08, 2018, 04:17:44 AM

Exchanges makes profit from taking fees on transactions(deposit/withdrawal) and while exchanging from currency to another. I don't really understand how It's not going to be online though? If you mean something like LocalBitcoins and decentralized too then you won't be able to charge any fees in that case and still pay for the hosting of the website etc...