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exchange website

Discussion in 'Payment Processing' started by xuyzk, Nov 21, 2016.

  1. #1
    i am planning to create a website for money exchange , from where to start ? i have a partner with all accounts ( business ) and money , i jkust want to know how to start , which script to use ? any problems i may find ?
    any comment or recommendation is important
     
    xuyzk, Nov 21, 2016 IP
    MJMdesigns likes this.
  2. BuySomeBitcoins

    BuySomeBitcoins Greenhorn

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    #2
    You are aware of the responsibilities and compliance requirements ?
     
    BuySomeBitcoins, Nov 21, 2016 IP
  3. xuyzk

    xuyzk Member

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    #3
    yes , i studied all , i just want to start from where to start
     
    xuyzk, Nov 21, 2016 IP
  4. BuySomeBitcoins

    BuySomeBitcoins Greenhorn

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    #4
    So you already set up your AML Compliance policies, KYC system, you registered on fincen for your RSA and have a filling account etc ?
     
    BuySomeBitcoins, Nov 21, 2016 IP
  5. xuyzk

    xuyzk Member

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    #5
    a website like changex .com , i live in north africa no problem for me and account are business
     
    xuyzk, Nov 21, 2016 IP
  6. BuySomeBitcoins

    BuySomeBitcoins Greenhorn

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    #6
    Then all you need is hire an expert coder to link between all your account APIs. and it will cost you a leg.

    I am sure you can find great coders in your country doing a good job, but an e-currency exchanger require maintenance.

    you can also try to find a script like
    https://codecanyon.net/item/money-exchange-script/reviews/13538657
    https://codecanyon.net/item/ecurrency-exchange-v100/18055618?s_rank=4

    Good luck
     
    BuySomeBitcoins, Nov 21, 2016 IP
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  7. sarahk

    sarahk iTamer Staff

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    #7
    When you did your competitor analysis did any of their systems stand out as easy to use? If so, see if you can buy a license for the system they use.
     
    sarahk, Nov 21, 2016 IP
  8. xuyzk

    xuyzk Member

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    #8
    i want to set it by myself the system , i am used to wordpress websites and joomla etc
    i dont have money for a coder , can anyone show me videos of how to do it please ?
     
    xuyzk, Nov 22, 2016 IP
  9. PXLTent

    PXLTent Peon

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    #9
    Competitors and market share will be a huge issue if you're going to come through with this, Changex almost dominates the market and trying to find shops that accept your payment method will require a huge investment.

    EDIT: It will be almost impossible to do it through Wordpress / Jomla, as you will need at least 8 coders with a full yearly salary to even be close to making a payment / money exchange site. You also need government approval if I'm right, as you cannot hold a digital currency without a minimal investment of over $100,000 I believe it was.
     
    PXLTent, Nov 22, 2016 IP
  10. xuyzk

    xuyzk Member

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    #10
    i already have the script
    E-CURRENCY EXCHANGE v2.0.0
    and the customers , the money , business account all ; i live in a 3rd world country and it all legal and i do not want anyone else than my customers to make an exchange in the website , i will block users from usa
    just say to me how to install the script now
     
    xuyzk, Nov 22, 2016 IP
  11. BuySomeBitcoins

    BuySomeBitcoins Greenhorn

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    #11
    you have no money ? how will you fund your Bitcoin wallet, Perfectmoney wallet etc ?
     
    BuySomeBitcoins, Nov 22, 2016 IP
  12. xuyzk

    xuyzk Member

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    #12
    i have no money , but i have a partner that have all business accounts and money in them , u understand now ? next step for me is to install the script
     
    xuyzk, Nov 22, 2016 IP
  13. BuySomeBitcoins

    BuySomeBitcoins Greenhorn

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    #13
    Well sorry I can not help you, this forum is for assisting each other and doing business, not free work.
    good luck.
     
    BuySomeBitcoins, Nov 22, 2016 IP
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  14. Furquan Ahmed

    Furquan Ahmed Well-Known Member

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    #14
    Furquan Ahmed, Nov 22, 2016 IP
    sarahk likes this.
  15. sarahk

    sarahk iTamer Staff

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    #15
    The script should have a read me file with install instructions - or there should be some documentation on the site you got it from.

    Here's hoping your partner doesn't think you are his "IT guy"
     
    sarahk, Nov 22, 2016 IP
  16. xuyzk

    xuyzk Member

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    #16
    it is nulled , no i am not his IT guy , we are just washing money made from scam , spam etc etc ;) already done the website thanks all :* <3 <3 <3 <3
     
    xuyzk, Nov 22, 2016 IP
  17. malky66

    malky66 Acclaimed Member

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    #17
    Wow.... this just gets better and better, what a loser.
     
    malky66, Nov 22, 2016 IP
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  18. sarahk

    sarahk iTamer Staff

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    #18
    Good to have that out in the open.
     
    sarahk, Nov 23, 2016 IP
  19. BuySomeBitcoins

    BuySomeBitcoins Greenhorn

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    #19
    They just provide money laundering tools for credit card scammers, OP is probably from morroco or algeria where the law is not strict about cyber crime, people there fight on buying milk, so it's cyber criminal heaven.
     
    BuySomeBitcoins, Nov 23, 2016 IP
  20. sarahk

    sarahk iTamer Staff

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    #20
    lol, Tunisia

    but he's unlikely to get much help at this forum where we're not so enthusiastic about warez and scams
     
    sarahk, Nov 23, 2016 IP