Is this profitable (e-gold, Liberty Reserve & Western Union)

Hi,

Is it profitable to have a website that allow electronic currency and gold exchane:

1- e-gold ====> Liberty Reserve, Western Union
2- Liberty Reserve ====> e-gold, Western Union
3- Your suggestion ====> Western Union.

Please tell me what you think, and tell me if you know any other e-currency that I can add (3).

 

So you want to start an ecurrency exchange now ? Good luck but you need some good amounts to start

 

Yep you could make money if you start with a good amount. Obviously you won't make any money if you are thinking to start an exchange site with like $1 - $2k, you need funds for it.

 

I have 1200$ on MB, is it OK.

 

You won´t have much success with this low amount. You need to have min. 5k in ecurrencies and another 5k cash I would say

 

Exactly! Check out some of exchange sites and their reserves (I know most of them lie but still they have good amount to start with).

Something less than $5K E-currencies and some cash would be fine. But the most important thing is your links to get Online currencies for low fees because local exchangers are hell lots of Expensive. If you find a good source, then you can even start with a low budget.

 

I think if you want to make website like that you need lot of money, As the other members have also suggested you that you do not have enough money.