Earnings from exchanging cryptocurrencies in exchangers: where does the profit from resale come from?

How to make money on cryptocurrency exchange?

What is needed to organize earnings on the bitcoin exchange?
First, you should carefully study all the resources offering cryptocurrency exchange. Not all of them work with small amounts. In addition, there is a risk of running into scammers who, by definition, do not pay any bitcoins. It is best to use exchanger monitoring sites, for example, bestchange.ru.

To exchange for cryptocurrency and receive bitcoin, you also need to create an electronic wallet in the Qiwi Wallet, WebMoney or Yandex.Money system.

You will also need to create a Bitcoin wallet for cryptocurrency. The initial amount that you will need to start earning money will be about 1500 - 2500 rubles.

Strategies for making money on exchangers

There are four types of earnings on cryptocurrency exchange:

Cryptocurrency arbitrage. The investor looks for an exchanger with the most favorable exchange rate, buys cryptocurrency, and then sells it at another exchange office.
Constant exchange on your exchanger. An exchange site is created where exchange operations with crypto and fiat tokens are carried out at a rate that is not the most favorable for the user.
Exchange fiat money for cryptocurrency. Coins lie untouchable, several months or years after their rates increase, they are exchanged back to fiat.
Affiliate program. Attracting hundreds and thousands of users through a unique referral link. Income is a percentage of each exchange.

Partnership programs

As an option for earning money, you can use the affiliate program. Thus, for attracting customers to the site, you can receive payment in cryptocurrency. In addition, bitcoins are used to pay for watching a video, advertising, or filling out a questionnaire. After this, you can exchange the cryptocurrency into dollars and then into rubles.

Where can I change currency?

There are only two options: Exchangers - everything is simple, but they charge a commission, and Exchanges - a little more complicated and a lower commission.

There are several hundred exchangers on the Internet where you can buy cryptocurrency for rubles, and it’s easy to get lost in such variety. For some the exchange rate will be higher, for others it will be lower. There are old and proven ones, with thousands of positive reviews, and there are young ones with unknown reliability.

Keeping track of everyone to choose the most profitable rate is a very difficult task. The good old exchanger monitoring service - Bestchange - will help us here. Why is it needed? And then, on this service we will see all currency exchange rates from more than 300 verified exchangers!

Registration is not required, you choose what you want to exchange for what and in front of you are all exchange offices offering their rate for this currency pair. All you have to do is choose the more profitable one to make the exchange.

Exchanges are created for the purchase and sale of various goods and services, in our case, this is currency. After registering on a cryptocurrency exchange, you will have your own account or wallet opened. To make transactions, you must first top up your balance.

Some exchanges allow you to do this using regular plastic cards or, for example, a Qiwi wallet, but there are those where you need to come with your Bitcoins. Here are the exchanges where you can buy cryptocurrency for rubles: Exmo, Yobit. There may actually be more, but these two are time-tested and will be easy to use for a beginner.

The principle of operation of the exchange. We top up the balance and select the currency of interest. You will see a graph of exchange rate changes and the average cost of the selected currency online. Below there will be buy and sell orders.

Let's look at an example: let's say you chose Litecoin, the exchange rate is 3,000 rubles, in the sell orders there will be offers slightly higher than this value - these are offers from users who want to sell their currency.

You can choose the most profitable one and make a deal (buy). Or place a buy order at a price that is acceptable to you (for example, 2800) and wait for the rate to fall and someone to make a deal with you.

Thus, by buying when the rate is low and selling when it rises, you can make great money on changes in the value of the currency pair. The larger your initial investment, the greater your income. But you shouldn’t invest millions right now; first you need to understand all the intricacies and learn to predict changes in the exchange rate.

If you are not interested in trading on the exchange and want to invest your savings in cryptocurrency, I recommend doing this through the Bestchange exchanger monitoring service.

Here you can easily choose favorable exchange rates and can buy any currency in a way convenient for you - with a plastic card, WebMoney, Qiwi, Yandex Money and many other payment systems. And in the same way, change it back whenever you want - in a month or 10 years.

Cryptocurrency Arbitration

Profitable cryptocurrency arbitrage is not a myth, but it is not so easy to do. The essence is to conduct speculative operations. Simply put, you buy cheaper, sell more expensive.

To do this, it is necessary to use not only exchangers, but also special exchanges. Only on them are transfers available through codes with little or no commission.

There is a demand for cryptocurrency and you can at least make money on floating rates. To do this, you will need to take a close look at analytics, otherwise you simply won’t be able to predict when quotes will creep up.

It is convenient to store your funds on cryptocurrency exchanges, and you can also create special codes there for transferring funds to other exchanges.

You will need to monitor the purchase rate of one of the currencies constantly in order to catch the moment when it will be profitable.

The following exchanges are useful for this:

Exmo – verification is not mandatory here, and the turnover is huge. You can use rubles (i.e. convert cryptocurrency into regular currency). Orders are executed instantly, this is the best option for a beginner.
Okcoin is an exchange created by the Chinese, but it uses English. Verification is also not required, but to use dollars you will have to upload scans of documents.
Bitok – compared to other exchanges, it is young, so it does not have the highest turnover. But there is a Russian language, you can use rubles, the commissions are minimal and professionals are confident in the great future of the project.
Btc-trade is a Ukrainian exchange that offers the most favorable transfer rates to Russian exchanges. Deposits and withdrawals are available through Privat24. Security at a high level.

With the help of cryptocurrency exchanges, you can not only engage in arbitrage of this type of electronic money. They can be useful for depositing and withdrawing funds.

It is advisable to register on all exchanges at once to monitor changes in rates. As soon as you notice a decent difference, you can create a code and easily transfer money to another exchange.

The scheme is extremely simple, but ordinary exchangers can be useful to supplement it.

Look, Bitcoins are currently being sold on Exmo for $518, while Okcoin is selling them for almost $540. The difference is obvious, but after deducting commissions it becomes not so big.

Let's say you transfer 1 Bitcoin from one exchange to another and get $22 in profit. After this, you can wait until the exchange rate on another exchange changes in a direction favorable to you, or simply transfer funds using an exchanger.

You need to look for profitable rates on BestChange; just select the exchange direction:

As you can see, you can get $529 from one Bitcoin, but you will have to pay a commission, which will “gobble up” part of the money. After completing all operations, you make a circle, i.e. You return to your e-wallet the amount that you originally spent to purchase Bitcoin.

Look, initially $518 was spent, and after transferring to another exchange, it comes out to $22 more. Then, when you withdraw funds, you receive about $10 more.

The total profit is $32, minus all commissions it comes out to about $20, which is very good. But when withdrawing funds, you will need to pay a decent commission, so you will have to roll the money many times or start with a large starting capital.

Cryptocurrency arbitrage is profitable, but complex and requires large initial investments. Nevertheless, it can and should be used, because sometimes rates change so much that you can get a solid profit from just one transaction.

Instructions

So, how to make money by exchanging Bitcoins? Step-by-step instruction:

Create a wallet and top up your account with the required amount. Or you can link a bank account of Sberbank or other banks to the system. When using WebMoney, you will have to look for separate resources that work in the WMR system;
Log in to the cryptocurrency exchanger and link your online wallet to it;
Then buy bitcoins for rubles;
Exchange bitcoins back to rubles. In this case, it is most profitable to create several wallets on different exchanges or exchangers. Exchange rates vary for everyone - pay close attention to the quotes to make money on Bitcoin.

With this scheme, you can earn from 15 to 20% of the initial capital. It all depends on the size of the exchange or exchanger’s commission. For example, with an investment of 1,500 rubles, the net profit will be from 150 to 200 rubles.

The exchange cycle can be repeated an unlimited number of times, and thus raise the initial bet to 6,000 rubles and higher.

In short, to earn bitcoin with minimal investment, even an amount of less than two thousand rubles is enough. Exchangers such as kassa.cc accept bets starting from 150 rubles.

Creating your own exchanger

Why not become the owner of a cryptocurrency exchanger yourself? What will you get as a result? "White" income from the exchange in the form of a commission fee that you will collect from clients conducting trading transactions through your exchange system.

As you might guess, profit in this situation is formed according to the simplest formula: percentage of commissions multiplied by trading turnover. In addition, almost every exchange takes an additional commission from clients for withdrawing funds in cryptocurrency from the exchange.

Pretty good, right? However, how to get this very gold mine? Do you think this is very difficult? Not at all, if you build your own website on the script of the automatic cryptocurrency exchanger Exchange currency.

The Exchange currency script will help you create an automatic cryptocurrency exchanger on the Internet and easily earn commissions from exchange transactions, without analyzing rate fluctuations for days, and without having any special experience or skills.

It is enough to purchase a script and create a website of any configuration based on it, and then just watch how quickly your wallet is filled with money.

Step-by-step instruction

In order not to run into fraud and lose your funds during the first operation, you need to follow the step-by-step instructions. The optimal scheme for making money on the exchange is as follows:

creating a wallet and replenishing it with the required amount;
passing authorization on a cryptocurrency exchanger and linking a valid wallet or bank card to it;
buying bitcoins for rubles;
exchange bitcoins for rubles at a more favorable rate.

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This simple option allows you to earn about 20-30% of your investment. The more you spend, the more you will get back.

Important. The exchange cycle can be repeated an unlimited number of times.

Exchange rates vary greatly across all sites. That is why you need to carefully monitor quotes. This will give you the opportunity to earn as much as possible.

Algorithm for making money on online exchangers

The main ways to make money on cryptocurrency exchange:

Arbitration. Purchasing cryptocurrencies on the site with the minimum rate and selling on the site where the rate is the highest. For arbitrage, you need to constantly monitor exchange rates and have funds on different trading platforms. Monitoring sites will help, for example, bestchange.net.
Online exchange service. Creation of a website with a service for buying/selling digital currencies to third-party users. Earnings from exchange rate differences. Start-up capital is required to create exchange reserves.
Purchase using fiat funds, reverse exchange after a significant increase in the exchange rate. Long-term investment requires the ability to analyze and predict the possible growth of a particular cryptocurrency in the future.
Participation in affiliate (referral) programs. Registration as a partner on various exchange platforms. Distribute your referral link and receive income from each exchange of an attracted client.

Cryptocurrency exchange commission

The commission of cryptocurrency exchangers depends on the direction of exchange and the withdrawal method, but rarely exceeds 5-7%.

It is not advisable for your commission to be higher than average. But we must not forget that the client first pays attention to the exchange rate and only then to the size of the commission. Therefore, first of all, you should not overestimate the exchange rate.

Currency exchange to generate income

When working with money, they look at how liquid it is. That is, will it be possible to quickly buy and sell them? For example, if we talk about dollars and euros, these are the most highly liquid money. It will not be difficult to make a purchase and sale transaction with them.

The attitude towards rare exotic currencies is different. Few brokers would be interested in the Botswana pula or the Algerian dinar. By investing in such areas, the broker risks a loss.

What does the Internet offer?

In order to trade on the Forex market, it is not enough to have confidence in success. You need to understand the principles of operation of this system or use the services of a professional trader.

He will offer to register your PAMM account with a certain deposit. Trading will be conducted by the trader. The client receives income minus commissions.

To receive income and not expenses, choose a reliable trader based on the rating. Aggressive traders have higher potential profits and equally high risks. You need to think carefully when choosing an aggressive or stable player.

Purchase and sale of foreign currency

Just like any other product. You need to find a cheaper one and sell it at the moment when it rises in price or in the place where it is expensive.

Working with foreign investments is not easy. To do this you need to have not only certain knowledge, but also luck. In addition, reliable information is needed.

Only there is stable money or unstable money. For an investor, these moments are unfavorable. A monetary unit can remain in one position for a long time. In this state of affairs, it will not be possible to earn money. A sharp drop or increase in the exchange rate is also not necessary. This will lead to good earnings or, conversely, to big losses.

Algorithm for making money on the stock exchange

Trading cryptocurrency on the exchange has a number of its own features. The investor purchases funds at the current market price and holds them for some time until the value increases. The retention time intervals can be different, depending on this, three strategies can be distinguished:

Short term. The trader carries out operations to buy and sell assets in the shortest possible time. Earnings are generated due to constant fluctuations in exchange rates. This strategy involves constant monitoring of the exchange rate or the use of bots with specified trading parameters. It has a high turnover of funds and low earnings.
Mid-term. This strategy is based on analytical research and technical analysis of the market situation. An investor purchases a cryptocurrency during a predicted depreciation and expects a possible increase, after which he sells the asset. This strategy is used by traders who have insider information about the movement of the exchange rate up or down. Analysis of the news background, which can affect changes in quotes of a certain currency, also helps. This method is recommended for experienced traders.
Long-term. The acquisition is considered a long-term investment, based on the assumption that the price of digital assets tends to increase over time. The invested funds will be frozen for a long period, and the income will be received after a long period of time.

The use of programs for trading automation makes it possible to carry out ultra-short-term holds; they can last several minutes. The bot program monitors minimal fluctuations and, following the established algorithms, buys and sells assets, which generates income. In manual mode, such trades are practically impossible.

Trading on a cryptocurrency exchange

You register on a popular cryptocurrency exchange (for example, Binance), open your account, deposit money into it and earn money on the cryptocurrency exchange rate by selling it at a higher rate than when buying it.

Advantages:

variety of cryptocurrencies: you can buy/sell any coin that is attractive to you for investment;
The minimum deposit required to enter the exchange allows you to work with small amounts;
the opportunity to earn a lot by buying foreign currency cheaply and selling it at a higher rate;
Cryptocurrency prices on exchanges are determined solely by the relationship between supply and demand, and not by adding a markup to the market price, as is the case with exchange services, therefore
it is more profitable to trade cryptocurrency on the exchange;
large reserves of popular cryptocurrencies.

Flaws:

the set of currency pairs on different exchanges differs: Bitcoin is everywhere, but less popular young currencies may be absent;
the need to pay a commission for the operation of the exchange, the amount of which also varies depending on the specific trading platform;
not all exchanges support fiat currency and allow you to top up your account only with cryptocurrency, which must first be purchased at the exchanger;
takes a lot of time, since you need to constantly monitor the dynamics of the exchange rate and be ready to quickly respond to its changes.

To make good money on the stock exchange, you need to have perseverance and patience to monitor cryptocurrency quotes 24/7 and instantly respond to their fluctuations.

Also, you should not limit yourself to one crypto exchange, but register and trade on several platforms at once, since each of them has its own advantages and disadvantages. Diversification of investments between different trading platforms will also reduce risks.

You can see the full ranking of the best exchanges for cryptocurrency trading in 2020 here.

The best thing is to work with the largest and most reliable exchanges with an excellent reputation, which, in addition to favorable rates and ample opportunities to make money trading cryptocurrency, offer enhanced protection and complete security of digital assets.

The most reliable exchanges are those with the highest cash turnover. Each exchange has its own advantages or disadvantages. One may have many trading pairs, another may have convenient methods for depositing and withdrawing money, low commissions, and the third may have a convenient interface. Therefore, you should not limit yourself to one exchange, but register and work on several.

Rating of TOP 5 cryptocurrency exchanges by trading volume:

#Cryptocurrency exchange Site address Trading volume for 24 hours

1	Binance	https://binance.com	$1 260 676 385
2	Huobi	https://huobi.com	$732 485 409
3	OKEx	https://okex.com	$699 419 098
4	Exmo	https://exmo.com	$18 590 938
5	Yobit	https://yobit.net	$16 833 501

Receiving cryptocurrency

In practice, it has been proven that there are several reliable ways to get btc without having a powerful PC or even get bitcoin without investments. Although this process is replete with various nuances, it is not nearly as complicated as it seems.

Making money on cryptocurrency exchange does not require too much investment, but it does require knowledge of certain nuances. The essence of such earnings is to buy bitcoin and then sell it at a higher rate.

You can hold cryptocurrency for a long time, counting on long-term profits. However, there is another option: play on daily price fluctuations, which allows you to earn money instantly. However, this approach is best used for cryptocurrencies that are less expensive than Bitcoin.

Any currency trading is a speculative transaction (arbitrage), the essence of which is to buy something cheaper and then sell it at a higher price. Cryptocurrencies are no exception in this sense. However, one should not confuse trading on the stock exchange with withdrawing cryptocurrency through exchangers.

On a cryptocurrency exchange, a transaction is made between two players. In an exchanger, you pay a certain amount directly to the site owner to convert your bitcoins into dollars or other currencies.

There are many ways to obtain virtual currencies for transactions. There are special “faucets” where coins are awarded for completing certain tasks. The option is attractive, but the annual income will be up to $10, it requires constant presence at the computer and there is a commission for withdrawal.

Mining using a PC or a video card farm is more effective. In this case, you can get more, but taking into account the energy costs and wear and tear of equipment, the level of profitability will be low. You also need cooling and sufficient Internet speed for mining.

It is more efficient to acquire production capacity. These can be special ASIC devices that can be purchased or rented from a cloud service. Such options have high profitability, and in the case of cloud mining, all technical issues are resolved by the company providing the services.

The easiest way is to buy cryptocurrency on a stock exchange, an exchange service, or an electronic wallet. The second and third options are the easiest, but the cost will be significantly higher than on the trading platform.

It is important to note that there are only two ways to receive crypto: free and paid.

Free methods

Ways to receive cryptocurrency without investment include:

online services that pay for clicks up to $0.40 per hour;
Bitcoin faucets - $0.05-0.08 per hour;
freelance exchanges paying in crypto. For a simple task you can expect a reward of ≈ 0.00000339BTC;
writing articles about cryptocurrencies. Everything here is individual and depends on the level of the copywriter. For example, previously BitcoinTalk organized a promotion and paid up to $2.67 per hour for writing short posts;
writing news and articles for cryptocurrency blogs or news sites. Depending on professionalism, you can expect from $1 to $5 for 1000 characters or more;
provision of various services. Programming, design, layout, translations, technical support, blockchain development, etc.;
participation in Bounty campaigns, as well as AirDrops;
mining on your PC;
games without investments;
referral programs;
receiving crypt for answering questions.

Paid methods

Paid methods include:

activities of an escrow agent related to the arbitration of crypto transactions. Income may vary;
gambling (gambling). We do not recommend investing there;
trading (suitable for experienced ones);
sites for investing in cue ball (mostly a scam!);
cloud mining;
cryptocurrencies in debt. A very risky activity, we do not recommend it for beginners. The income here depends on the interest rate and the humanity of the borrower;
exchanging fiat money for crypto within exchangers.

Several methods can be used, but preference is best given to the most profitable from an economic point of view. We recommend making preliminary calculations and opening a reliable wallet. This will take some time, but will help determine the best option.

Which coins are best to build a business on?

Bitcoin (Bitcoin or BTC) is where it all started. It was created by a Japanese programmer in 2008. The initial valuation of this electronic currency was a few cents. Few people believed in the future of cryptocurrencies, so its value did not increase significantly for many years.

Litecoin (Litecoin or LTC) appeared in 2011. Its difference from the first one is that the issue is adjusted to the real prices of precious metals.

No less popular is Ethereum (Ethereum or ETH). Its peculiarity lies in its more reliable program code than Bitcoin.

Of course, this is not a complete list of digital currencies; in mid-2020, there are already more than 1000 of them. And each has its own characteristics, which could take a very long time to list.

Masternodes

A masternode is the main node in a decentralized network. It performs actions that simple nodes cannot, such as direct or private transactions. Launching a masternode is not accessible to everyone, as it is expensive and technically difficult. However, in return, masternode owners receive a percentage of the rewards for blocks found during mining.

Examples of cryptocurrencies that provide the opportunity to purchase a masternode:

Dash.
ImageCoin.
Blocknet.
Stakenet.

The full list is on the website https://masternodes.pro/

There are a number of factors on which earnings from masternodes depend. These are the features of a particular coin, changes in its exchange rate, and the mining protocol. When choosing which masternode to invest in, you need to analyze which coin will give the fastest payback.

Strategies for making money on Bitcoin

So, let’s first understand what Bitcoin is. At its core, it is nothing more than a mathematical code, a sequence of symbols combined into a chain of transactions (blockchain). Each bitcoin is unique and connected to the previous one, so it is impossible to fake it.

Skeptics often point to this very fact: Bitcoin is really not backed by anything other than computational complexity. However, people trust it as a means of payment. And as long as there is trust, the system is stable, and Bitcoin itself grows in price. In this sense, many national currencies behave in exactly the same way. Or does anyone still think that the dollar is backed by US gold reserves?

So, there are several popular types of earning bitcoin without investments or with minimal investments:

Free Satoshi and Bitcoin faucets . No funds are required here at all. The site gives out satoshis (one hundred millionth of a bitcoin) for performing some simple actions.

There are sites that offer to solve captchas, click on advertising banners, or watch videos. There are entertainment resources (something like an online casino). In this way, you can quite collect a good amount, however, earning bitcoin is very difficult.

There are a great many faucets on the Internet, and distribution of Satoshi occurs regularly (usually once every seven to ten minutes, or once every half hour). However, it requires a lot of free time. This way of earning money is suitable for those who have this time;

Investments in cloud mining . Initially, Bitcoin mining was carried out on home computers, then on powerful computing stations. By 2020, the difficulty of mining at least one bitcoin has grown so much that only large data centers can handle it. The equipment required is expensive, and the investment in it is very large.

Therefore, it turned out to be more expedient to attract third-party participants to invest funds. The company that owns the mining farm receives a profit and invests it in upgrading equipment, as well as paying electricity bills. The user, by purchasing computing power for rent, gets the opportunity to earn bitcoin with minimal investment.

Opponents of cloud mining usually say that the profitability of this approach is extremely low. In addition, there is always a chance of running into a typical scam that won’t pay. On the other hand, the miner does not need to invest in equipment himself, spend money on electricity and maintain his mining farm in working order 24 hours a day.

Earning money on cryptocurrency exchange . It also does not require too much investment, but at the same time requires knowledge of certain nuances. The essence of such earnings is to buy bitcoin and then sell it at a higher rate. You can hold cryptocurrency for a long time, counting on long-term profits. However, there is another option: play on daily price fluctuations, which allows you to earn money instantly. However, this approach is best used for cryptocurrencies that are less expensive than Bitcoin.

Cryptocurrency staking

Proof-of-Stake coins allow network users to store their coins in exchange for rewards. In terms of earnings, the principle is similar to masternodes, but requires a little less effort. It is enough to simply store funds in your wallet. The more coins, the greater the reward.

Some projects approach this with imagination. For example, on EOS you can earn profits in tokens or instead rent network resources needed by decentralized application developers.

The Binance exchange regularly distributes staking rewards, in particular such as GAS, ONG, XLM, KMD, QTUM, VTHO, ALGO and STRAT.

Arbitration of rates on exchanges and exchangers

On exchanges and exchangers you often encounter so-called rate forks, this is when the rate on one resource is slightly higher than on another. By carrying out simple trading operations, you can make money on this difference. For example, exchange Qiwi for BTC in one bitcoin exchanger, and then exchange BTC for Qiwi in another with a profit. This scheme is also called rate arbitrage.

There are programs that make the task easier, which automatically monitor all the services included in the database and select the most profitable chains. As an example, Kurs Expert Arbitration.

The resource creates chains that include up to 5 exchangers, so that the result of making money on cryptocurrency exchange is as profitable as possible. Additionally, it also evaluates the reliability of sites, takes into account the commissions of payment systems and the cryptocurrency exchangers themselves, and offers a large selection of individual settings.

A little more about deceivers

Usually their offers are sweet and tempting. Recently, people often talk about how to make money by exchanging currencies in different countries or through “chains of transfers.” Meaning: you are offered to exchange online currency on several web sites in a row, including foreign ones. Among the safe ones there is a “fraud” from which you cannot get money back. Such projects usually do not differ in build quality, are hosted on a free platform and do not exist for long - until they are exposed.

Tip #3: If you doubt the reliability of the chosen project, wait a week or two. If after the expiration the site continues to function, and there are no more negative reviews online, you can try to take a risk.

Thanks for reading the article! Now you understand how to make money on currency exchange, what you should pay attention to and what to avoid. Use the materials you receive to benefit your wallet. See you again!

Why is it worth creating an online cryptocurrency exchanger?

When the need arose to exchange fiat money for cryptocurrencies, exchange offices and exchanges appeared.

Creating a cryptocurrency exchange is quite a long and troublesome task. Unless you plan to exchange billions of dollars every day and have a huge staff to maintain the exchange, forget about this option. Creating a cryptocurrency exchange is quite an expensive proposition and not suitable for the average enthusiast. Creating an online cryptocurrency exchanger is much easier, but this simplicity also has its downside.

In most countries of the world, there is currently no legislation regulating the circulation of cryptocurrency assets. Obviously, they are not going to ban the circulation of digital assets in our country, but they will regulate this market. It is still unclear how this will affect exchangers.

How to create a cryptocurrency exchanger: buy a ready-made one or write it “from scratch”?

There are two technical ways to create a private cryptocurrency exchange office. The first way is to write the exchange office code from scratch. For these purposes, you will need a qualified programmer who understands how the cryptocurrency market functions. Such development will cost a lot (from a few to tens of thousands of dollars) and will take a lot of time. As a result, you will have an original design of the exchange office (which users will immediately note) and a system built to suit your needs. What you put into the project is what you will get, since the code will be written according to your wishes (more precisely, according to the interests of clients, as described below). This path allows you to create flexible functionality of the exchange office, which can be changed when external conditions change.

The second way is to purchase a ready-made exchange office template. It will cost less (online amounts are quoted as no more than $5,000), but will have a standard, recognizable design (which its users will also immediately note). The second way is shorter (you just need to buy a script and configure it), but such an exchange office will not have flexibility, since you will not be able to change the script yourself. Accordingly, the functionality of the exchange office will be limited to what the script developer has included in it. Places where you can buy a ready-made exchange office script can be found on the forums of crypto enthusiasts.

How to open your own cryptocurrency exchanger taking into account the interests of clients

Exchange offices earn from commissions. The usual figure now is 1-5% of the amount exchanged. Much depends on competition. If there are many exchange offices operating in a certain direction (for example, exchanging rubles from a Sberbank card for bitcoin), the commissions will be small and the rates of different exchangers will be close. In this case, it will be difficult to make money. A person who needs to exchange fiat money for cryptocurrencies or vice versa will look for the most favorable rate and, other things being equal, will exchange his assets where the exchange rate will be the most attractive. For this reason, during the working day, the exchange rates of cryptocurrency assets for fiat money or for each other are constantly changing. Owners of exchange offices monitor exchange rates prevailing on the market and try to indicate their own exchange rate, which is more favorable than that of competitors.

In addition to a favorable exchange rate, the minimum exchange amount is important for clients. Depending on what assets are being exchanged, the minimum exchange amounts will vary between different exchange offices. To ensure that clients exchange assets at your exchange office, set minimum amounts for exchange.

The reputation of the exchange office is extremely important for clients. Most exchange offices are located in some aggregator of exchange offices, for example, in //www.bestchange.ru. It provides user reviews on the quality of services provided. If a person is dissatisfied with the way you served him, he will write a negative review, which can scare away customers. Therefore, it is important that the software works correctly, and that the exchange itself occurs quickly and without incident.

Also important is the number of assets exchanged and the direction of exchange. Some existing exchange offices have a small number of cryptocurrencies and a small number of exchange methods (for example, only WebMoney, Qiwi and Yandex-money). In others, you can exchange many cryptocurrencies in a large number of ways (including plastic cards from various banks, electronic payment systems, and even exchange for cash). It is clear that many people will exchange their assets in the second case - where there is more choice. Therefore, expanding the range of exchangeable financial assets is an important competitive advantage. You can make very good money by exchanging rare alcoins that are not available at other exchange offices. Here the commission may be higher, and clients may become regular.

Exchange offices work with users from all over the world, usually 24 hours a day. If your exchange office makes automatic exchanges and does it quickly, you will have more clients. If the exchange is carried out manually, then it is necessary to ensure round-the-clock operation of the exchange office in three shifts.

Also important is the stock of assets (reserve) for exchange. The more free assets (cryptocurrencies, fiat currencies) you have for exchange in your exchange office, the more transactions your clients will make. Often, clients choose another exchange office if they see that the available reserves (for example, cryptocurrency) are not enough to complete the transaction.

Of course, the interface through which the exchange office interacts with clients is important. It is convenient to use an exchanger if you do not need to perform many actions to exchange, constantly switch between the sites of the payment system or exchange office, or constantly check your mail or received SMS. If you write an exchange office yourself, rather than buying a ready-made script, you can think through these issues in advance and implement them better than competitors do.

All other things being equal, sales promotion tools work well, for example, providing customers with a cumulative discount. The greater the volume of exchanges a client makes with you, the greater the discount he is given next time.

How much can you earn using a cryptocurrency exchange office?

Let’s take the not-largest commission value of 2%. If an average of $5,000 is exchanged every day, the exchange office's commission will be $100 per day, and about $3,000 per month.

It is clear that in order to achieve such a flow of clients, it is necessary to advertise the exchange office on the Internet and include it in the listing on exchanger monitoring sites. The most important success factor will be the flawless operation of the exchange office, taking into account the important consumer properties mentioned above. However, advertising is also important so that new clients, aggregators of exchange offices and bloggers who write about cryptocurrencies learn about the exchange office.

Earn cashback from Binance card

Binance: We're putting new meaning into the phrase “You have to spend money to make money. With the Binance Visa card, which just launched in Europe and will soon expand to other regions, you earn BNB rewards when you use it for spending. The cashback rate starts at 1%, and the more BNB you hold in your Binance account, the higher the rate (up to 7%).

Pros: Cashback (freebie), no risk, low profitability.