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Protip: How to easily become mega-wealthy by starting a Bitcoin exchange!
Why, it's quite simple:
Make a basic exchange and get people to start giving you money.
Turn on Tor and empty 75% of the funds out of your own cold wallet.
...yes, that's right, your own cold wallet. Hack yourself. Then, claim you were hacked because of Bitcoin.
Give notice that you're declaring bankruptcy.
Offer everyone 25% of their money back, which you've miraculously just "found" - so long as they sign a waiver of their right to sue you.
Xcellent - you win!
You can remember this simple formula by looking at the first letter of each row. BTC-E, Bitstamp, Bitfinex - you should consider doing this. You'd obviously make far more money, and nobody would know the difference. There's a point where you'd make more money doing the above, legally, than continuing to operate as normal. Seriously, what are you, chumps? Get it together and start planning this out now. (Note: I obviously don't want them to do that. But, I'm not joking when I said it'd make them chumps not to do it, because there really is a point in which it becomes more profitable to do so, and I'm worried the Gox case will set a bad precedent. This is why we need to evolve serious industry-standard auditing procedures in place, bolstered by cryptography, to get past this sort of thing.)
I want to start a bitcoin exchange from oz bank deposits into the major bitcoin exchanges through my own website. How would I go about this? All I know so far is I want to be able to use ANZ, Commonwealth, Bendigo, Westpac, NAB & Suncorp as deposit locations & be able to turn my custormers deposits into currency in the likes of MtGox, Cryptoexchange & Bitconica. Do I need a accountant? Need to set up a ABN? Compliance? Desposit daily limit? or will the banks even open up my accounts? So many questions.
Looking to start a bitcoin exchange . should i use my own bitcoin node or a trusted 3rd party api ?
The trade off is if i start with any wallet like block.io or bitgo . i can get started in a week .But are they reliable to store amounts upto 100 btc ?? but if i use my own bitcoin node it might take might take me a month to setup . but i will have greater security . What are ur thoughts ?are there trusted 3rd party apis . edit: ty guys for soo much motivation that if one guy doesnt know anything he should just quit and not try to learn and ultimately achieve his dream .
I have a few finance and math folks interested in starting a Bitcoin exchange and I wanted to see if anyone knows how I could create a Bitcoin exchange. Is there special software geared towards Bitcoin exchange creation for instance?Looking for any advice on this someone may have.
Determining the scope and other functionalities is the first and main process in starting a bitcoin exchange website. During this process you have to analyze the current trend of cryptocurrency trading industry, you have to check the existing popular exchanges and their services. After this you have to decide how uniquely you are going to present the trading features for your beloved traders ... Starting a Bitcoin exchange involves six basic steps: Decide where you want to do business; Learn about relevant regulations in that area; Partner with a bank or payment processor; Establish a transaction history and liquidity on the exchange; Implement best security practices; Offer customer support ; Now, let’s explore each of those in greater depth. 1. Establish the operational scope of ... Places to buy bitcoin in exchange for other currencies. Note: Exchanges provide highly varying degrees of safety, security, privacy, and control over your funds and information. Perform your own due diligence and choose a wallet where you will keep your bitcoin before selecting an exchange. Well, there are three different ways to start a your own bitcoin/cryptocurrency exchange business. The first one is using white-label software. The second one is using open-source solutions. And the third one is developing the crypto exchange from scratch. Let’s discuss the brief introduction of each variant: White-Label Solutions. There are multifarious companies out there like Crypto ... What makes starting a bitcoin exchange a formidable option and a good business initiative? Well, we tried listing out a few benefits that a bitcoin exchange can offer you. What are the benefits of a Bitcoin Exchange Business? Well, from the user’s point of view, a reliable business exchange can be something that would be quite a powerful option for most of the needs of your clientele. Some ...
How To Trade Bitcoin Cryptocurrency for Beginners - YouTube
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