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Where can I buy BTC at cheaper rate and sell at higher price. Wants to start my own exchange business

Jefferychinedu

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I'm trying to start my own crypto currency exchange business. I'm new. I want to know how to buy at cheaper rates. Is it profitable? What are the risks?
 
Buy - Normal exchange
Sell - Localbitcoins, you can overcharge 10% if not more and people will still buy it
 
LocalBitcoins isn't such trustworthy anymore - but you can try on all other exchange websites.
 
You can buy at a low price and sell at a higher price, pretty easy. Just make sure you don't need a license :D
 
buy from your local people and sell to your local people. less pain more profit.
 
Your best bet would be to make it local. Avoid setting big fees and commissions as that's a big red flag for most financial customers.

Use the local currency and put a big enough split between the BUY and SELL price to profit. By using the local currency you make it harder for the customers to figure out what's the actual price they're paying, which allows you to profit even more.

P.S. Be aware of currency risk when working with small local currencies.

P.S.2 - You'll probably need more starting capital than you think.
 
Your best bet would be to make it local. Avoid setting big fees and commissions as that's a big red flag for most financial customers.

Use the local currency and put a big enough split between the BUY and SELL price to profit. By using the local currency you make it harder for the customers to figure out what's the actual price they're paying, which allows you to profit even more.

P.S. Be aware of currency risk when working with small local currencies.

P.S.2 - You'll probably need more starting capital than you think.
How about $1000 Capital
 
You should start at least, woth 1btc. And few hundred $ to start marketing, or sell to person you know at first
 
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