The Internet provides a huge opportunity for making money. And one of them is the exchange of currencies on the network and their withdrawal. The basic principle here is that many people around the world are now a large number of transactions with payment on electronic wallets. Naturally, they need to convert currencies and withdraw them from electronic wallets.

At the moment, there are already quite a lot of services that provide services for the exchange and withdrawal electronic money, but given that they are in different different countries, then their exchange rates may differ significantly. This makes it possible to earn on the difference in rates. But this requires certain knowledge and analysis skills. Therefore, it can be considered more real and promising to open one's own exchange office.

The main types of exchangers.

All exchangers can be divided into two main types:
- official;
- private;
Opening an exchanger of the first type is much more time-consuming and costly, therefore it is suitable for already established businessmen and large companies. First of all, this is due to serious financial costs, and secondly, the need to devote a lot of time to the development of this area of ​​activity (especially at the initial stages).

Therefore, for small and medium-sized entrepreneurs, the most appropriate option may be to open a private exchange office. This type of business is especially suitable for entrepreneurs who are involved in the Internet business segment and have a stable income in one of the electronic currencies. For them, it can become both an additional source of income and an independent line of business development. In that case, they can do exchange operations at a lower rate, which will be beneficial for their customers and can quickly make the service very popular and in demand. In addition, this will solve the problem with the exchange and withdrawal of your own electronic money.

What do you need to open your own e-currency exchanger?

by the most in a simple way making a profit on the exchange of currencies from electronic payment systems is earnings on an affiliate program. Suitable for people who have their own website, where you can place an advertising banner or create a special form that allows you to exchange one or another currency. In this case, income will be accrued from each money exchange operation performed by attracted users. Despite a lot of competition in this line of business, this type of business can be quite lucrative.

The most attractive are sites dedicated to opening and maintaining various kinds business or, for example, monitoring existing services for the exchange of electronic currencies. A feature of the latter option is that, along with reviews and filters that allow you to choose the most optimal and profitable exchanger, the user goes to the site of interest to him already through a referral link (and not through a direct one), and this allows the site owner to receive his income from each such transaction.

To open and register an exchanger, today it will take about 4 thousand dollars. Of which 2 thousand will go to registration.

This will require:
1) Get a personal certificate.
2) Create a website and enter it into the official register.
3) Register with the tax authorities.
4) Conclude an agreement with services (payment systems with the currencies of which it is planned to carry out operations).

In addition, even at the stage of creating a currency exchange service, it is advisable to conclude agreements on joint cooperation with Internet banks and similar exchange offices. This will allow, in case of further business, to quickly and profitably make an exchange Money.

Another fairly significant cost item is the development of an exchange site. You should immediately entrust this work only to an experienced programmer who has experience of successful work in this segment. Therefore, it should be borne in mind that such work will cost at least 1.5-2 thousand dollars. Although this option is quite expensive, it allows the customer to get a high-quality exchanger with a user-friendly interface and reliable protection. This amount includes:
- design creation;
- writing a script;
- hosting costs;
- payment for programmer services;

Further, the success of business development will largely depend on the popularity and demand for the service. To do this, you must meet the following conditions:
1) Effective advertising.
2) Optimal interest rate.
3) Convenient and prompt service.
4) Security of transactions.

Here it is up to the owner of such an exchanger service and his pricing policy. It should be noted that on average, the exchange of electronic currencies is carried out with a commission in the range from 1% to 5%. At the start of a new business project, it is not recommended to chase high interest rate, but to focus on the availability and convenience of your service, as well as on more favorable conditions cooperation. Observing all these conditions, you can expect that the business of exchanging and withdrawing electronic money will quickly become a source of stable and high income, especially given the ever-growing demand for this species services.

Do you have a business idea? On our website you can calculate its Profitability Online!

Although due to the lack legislative framework the practical use of cryptocurrencies for non-investment purposes in Russia is difficult, it is possible to convert them into real money, goods and services. RBC figured out how

Since the beginning of 2017, the value of the most expensive cryptocurrency in the world, bitcoin, has grown by 250%, and its market capitalization reached $58 billion on August 11 at 17:00 Moscow time, according to CryptoCurrency Market Capitalizations. In many countries of the world, bitcoin is not only investment asset, but also as a means of payment: real estate, air tickets, equipment, etc. are sold for it.

World practice: where to spend

To understand where in the world you can spend cryptocurrency, you can, in particular, open the Coinmap service - this is a map on which everyone who works with cryptocurrency or accepts it for payment can leave information about their services. Due to the peculiarities of the formation of the map, it is not exhaustive, but it gives an idea in which parts of the world the cryptocurrency is most popular. As of August 2017, over 9,500 features have been marked on the map. According to their geographical distribution, it can be seen that most operations with crypto money are offered to users in Western Europe, the USA and Japan.

This concentration is directly related to the degree legal regulation cryptocurrencies. Bitcoin achieved the greatest success in Japan, says Roman Tkachuk, senior analyst at Alpari. Since April 1, 2017, bitcoin and some other cryptocurrencies have been given the status of a means of payment along with the yen in this country. In the United States, issues are discussed on how to tax transactions with bitcoins and how to prevent possible financing of terrorism through their mediation, explains Artem Tolkachev, director of tax and legal consulting at Deloitte. According to him, in Europe, the market practice of bitcoin payments is well developed in Switzerland, Liechtenstein and Luxembourg. And in Germany there is even a bank that allows you to open accounts linked to cryptocurrencies - Fidor Bank. In 2013, the German Ministry of Finance recognized in bitcoin means of payment, calling it "private money" that should be taxed.

In Russia, there is no legal framework for cryptocurrencies yet, says Denis Smirnov, a blockchain consultant and representative of the Lisk project in Russia. “This does not mean that transactions with them are illegal, but it makes cryptocurrency less liquid asset than in countries where the authorities are concerned about its regulation,” he explains. In practice, this prevents the sale of coins mined or purchased from miners, which is clearly seen on Coinmap: compared to Europe, Russia literally looks pale. Nevertheless, here you can also pay with cryptocurrency directly or transfer it to rubles. RBC figured out how and where to do this.

From digital to money

There are several ways to transfer cryptocurrency into money, electronic money or another cryptocurrency, experts interviewed by RBC say.

This can be done through a cryptocurrency exchanger (among Russian examples of such sites, market participants call HotExchange, Payforia, etc.) or cryptocurrency exchanges (among Russian examples, EXMO is called the largest). You can exchange funds for rubles, dollars, Ukrainian hryvnia and other currencies with their transfer to bank cards(not any banks, in each case the set is different) and electronic wallets (for example, Yandex.Money or QIWI).

When exchanging cryptocurrencies for real money, several nuances must be taken into account, experts point out. There is no fixed rate for cryptocurrency, so the cost will differ depending on the chosen site. When bitcoin is withdrawn to rubles on Russian exchanges, whose activities have not yet been legally defined, the payment goes to the bank account or electronic wallet specified by the buyer, explains Vladimir Smerkis, co-founder and partner of The Token Fund. On large foreign exchanges, payment goes to a bank account, but on these exchanges, exchange in rubles is not possible.

“We strongly advise against using the services of Russian exchanges,” warns Vladimir Smerkis. Due to the lack of special legislation, he recommends in Russia only to store cryptocurrency and carry out operations to exchange it for other cryptocurrencies. “We strongly discourage transactions with fiat funds,” the expert emphasizes.

You also need to keep in mind that exchangers and exchanges charge a commission for the exchange. Depending on the service, it can range from 1.6 to 6-7%, said Valery Smal, editor of the industry portal Happy Coin Club. “If you choose an exchange or exchanger with a price tag close to the weighted average exchange rate and moderate commissions (up to 3%), significant exchange losses can be avoided,” he explains.

When choosing an exchange service, you should be careful, warn in the press service of monitoring BestChange.ru exchange offices. An exchange rate at a price below the market average is one of the signs that the service is unreliable. In addition to Coinmarketcap, you can check the rate on the websites of large cryptocurrency exchanges (Poloniex, Bitfinex, Coinbase) or aggregators (CoinGesco, Coinspot), says a representative of the BestChange.ru press service. “Even if you constantly use the same exchange office, double-check the URL in the address bar of your browser - scammers could create a clone of a reliable exchange site. When using an unfamiliar service, check the reviews on several sites, the presence or absence of the site in the blacklists of exchangers. There are such lists on major forums, such as MMGP and Bits Media, the press service of the service advises. — You should also pay attention to the correspondence between the age of the domain and the dates of reviews on the site. “We often come across resources whose domain is a few weeks old, despite the fact that reviews on it have been left since 2010-2014. This is clearly a scam."

Another way to transfer cryptocurrency into rubles is to sell it yourself. To search for potential buyers on the Internet, there are special sites, for example, the LocalBitcoins.com website (it has a section on Russia) and the Bitcoin Russia group in Telegram. True, in such a situation, a person has no guarantee that the buyer or seller will not deceive him. “When selling from hand to hand, the danger is that someone has to take the first step — transfer bitcoins or pay with real money — and thus take the risk that the counterparty will not fulfill its obligations,” warns Roman Tkachuk.

To somehow protect yourself, you can send a request to sell bitcoin to a special chat bot in the Telegram messenger, for example, the BTC Banker bot. “I publish my offer to sell in the system, and the bot selects a buyer for me in Russia or abroad,” he talks about the principle of operation of such bots CEO Cryptinvest.biz Vadim Valeev. “Bitcoins at this point are frozen by the bot system. Then the buyer transfers money to my bank card, and we both confirm that the money has been transferred. After that, bitcoins from the system go to the buyer. Thus, the bot insures both parties against deception.” The seller and the buyer discuss and approve the exchange rate independently. Nevertheless, the use of chatbots also has certain risks, Valery Smal notes: “It is not so difficult for scammers to create a program, which is what they use.”

Shopping with bitcoin

“At different times, the ability to pay for goods and services was announced by such giants as WordPress, Microsoft, Reddit, Expedia and Wikipedia. Of the Western companies, they also announced that they would accept bitcoins as a means of payment - electronics manufacturer Dell, PayPal payment system, eBay, Amazon online stores, AirBaltic carrier and Time publishing house, ”Roman Tkachuk lists.

However, according to a Morgan Stanley report released in July 2017, out of the 500 largest global online sellers, only three companies actually accept cryptocurrency. Which companies from the list accept payment with virtual money is not indicated in the report. According to the bank's analysts, bitcoins cannot act as a reliable means of payment due to their high volatility and therefore scare off sellers. Now only three of the above companies (Microsoft, Wikipedia and AirBaltic) are ready to accept payments in bitcoins, RBC checked the official websites of the companies.

In Russia, in the past few years, few were ready to accept bitcoins - among the large companies, Subway, Microsoft and Selectel announced this. According to information on the Microsoft website in Russia, a client can purchase games, films and applications in the Windows and Xbox stores for bitcoins. The press service of the company did not disclose more detailed information about the demand for such a payment method.

Subway Russia Service Company President Olga Bludovskaya told RBC that Subway in Russia no longer accepts bitcoin payments. “Several years ago, one of our franchisees launched a similar practice, but it was not popular and was quickly canceled for security reasons of virtual cash transactions”, Bludovskaya clarified. Selectel also refused to accept cryptocurrency. “In 2014, we conducted an experiment with Bitcoin and Litecoin through an intermediary - the OKPay payment system, but then it was closed for a number of reasons. So now we do not accept cryptocurrencies for payment, ”a company representative said.

Recently, small companies have begun to implement the cryptocurrency payment service. Russian companies. So, pay with bitcoins offline at this moment you can in some bars and restaurants in Moscow - in the Pivoteka 465 pub, the Valenok restaurant, the LavkaLavka farmer's cooperative. You can order lunch for bitcoins on the website of the VkusLab online restaurant, and from Development M9 you can buy a brick house on Novorizhskoye Highway for 55 BTC, according to their website. However, the company refused to talk on this topic with a representative of RBC.

In May 2017, Ulmart announced the launch of a cryptocurrency payment system. “We plan to launch the first wave of payments in bitcoins in such product categories as used cars and apartments. This will happen after a full-scale launch of the sale of these goods is carried out, ”Brian Keane, director of international communications at the Internet company Yulmart, told RBC.

Other examples of what can be bought for cryptocurrency not only in Moscow, but also in other Russian cities, can be viewed on Coinmap.

Technically, cryptocurrency payment is carried out as follows. When paying online client transfers the required amount from his cryptocurrency wallet to the company wallet. The offline merchant generates a special QR code containing the invoice amount. The client scans it from the phone using the application, and the funds are transferred to the company's wallet, market representatives told RBC. The amount of the check can be quite small, since bitcoin can be split. For example, Boris Akimov, the creator of the LavkaLakvka farming cooperative, said that one of the clients managed to buy ordinary ice cream from them in this way.

Is there a future?

How much the list of goods and services that can be purchased for cryptocurrency can expand, market participants do not undertake to predict. The reasons are the lack of legislation and the conflicting positions of various departments, in particular the Central Bank and the Federal tax service(FNS).

In 2014, the press service of the Central Bank published a letter in which operations with virtual currencies were recognized as speculative and bearing " high risk loss of value. In 2016, the Federal Tax Service issued a letter “On Measures to Control the Circulation of Cryptocurrencies,” which emphasized that the legislation of the Russian Federation still does not contain a ban on Russian citizens and organizations conducting operations using cryptocurrencies. The letter also stated that, according to the Federal Tax Service, transactions related to the acquisition or sale of cryptocurrencies should be classified as foreign exchange transactions. At the moment, there are no other documents describing the position of cryptocurrency in Russia.

“Despite the letter from the Federal Tax Service, many supervisory organizations consider cryptocurrency illegitimate after the publication of the letter from the Central Bank,” says Valery Smal. He recalls that it also follows from the letter that “the provision by the Russian legal entities services for the exchange of "virtual currencies" for rubles and foreign currency” may be considered as money laundering and terrorist financing activities.

For this reason, supervisory authorities have questions for entrepreneurs who are trying to accept payments in cryptocurrency. In early July, Bootleggers Pub&Shop, a Novosibirsk pub, announced the start of an experiment with digital currencies. About a month later, the management of the pub received, and the entrepreneurs had to abandon this idea. In early August, a representative of the LavkaLavka farming cooperative, which accepts bitcoins and even issued its own Biocoin cryptocurrency, was also summoned to the prosecutor’s office for a conversation.

“The legal risks of bitcoin as a means of payment in Russia are associated precisely with legal uncertainty. Until the seller understands how to accept this currency, how to pay taxes on it, even if everything is done as correctly as possible, there is a risk that his actions will be interpreted supervisory authorities wrong,” says Artem Tolkachev.

“In order not to violate the law, companies that declare “purchases for bitcoins” actually carry out a more complex operation. Exchange of bitcoins for rubles current exchange rate with subsequent payment,” explains Roman Tkachuk. Representatives of VkusLab and Pivoteka 465 told RBC that they have no problems with paying taxes because of the new service, since they are charged from companies in a simplified form.

LavkaLavka solved the problem as follows: the company takes the amount equivalent to the money received in cryptocurrency from “its own pocket”, pays for the purchase for the buyer, breaks the check and puts the expenses into marketing expenses. In this case, the client pays only the amount in the check at the exchange rate without any commissions. The seller takes the exchange rate based on the average sale price of bitcoin on that day, according to the blockchain.info platform. During the audit, the prosecutor's office had no complaints about such an accounting system, Boris Akimov, the founder of the farmer's cooperative, told RBC.

Fashion trend?

Representatives of companies that have implemented payment in cryptocurrency and experts interviewed by RBC admit that this is more of a marketing ploy than a response to customer demand. “There are not so many miners who would “launder” the cybercurrency on their own in Russia. According to our estimates, there are from 25,000 to 35,000 of them,” notes Leonid Delitsyn, an analyst at Finam Group. The payment process, according to him, turns into a performance or leisurely entertainment for the few owners of virtual money.

Video: RBC

“The appearance of a bitcoin exchanger on Novy Arbat and cafes and bars where you can dine for bitcoins is not entertainment for everyone,” Roman Tkachuk agrees. “Of course, there are people who pay for services with cryptocurrency. I myself have about forty different cryptocurrencies. But still, many sellers of goods and services are now turning to it precisely for advertising reasons, ”Vadim Valeev also confirms.

Director of VkusLab Artem Laptev says that the experiment with payment in bitcoins in his online restaurant is dictated by the desire to be in trend. Since the launch of this option in early August, according to Laptev, about ten customers have used the service.

Denis Smirnov adheres to the opposite point of view. Cryptocurrency has obvious advantages over other means of payment, but still, the format of the means of payment is not the most reasonable solution at the moment, the expert believes. Due to the volatility of the exchange rate, it may turn out that the dinner paid for yesterday will cost twice as much the next morning, he concludes.

Since 2017, cryptocurrencies have captured the minds of many people. The growth in the rate of some coins by tens and hundreds of times compared to January last year switched the attention of many people to cryptocurrencies as a source of income, much more profitable than traditional ways earning income on the Internet.

You can earn on cryptocurrencies in several ways: just buy some kind of cryptocurrency and wait for it to grow in price (“hodling”). You can “mine” (extract) one or more cryptocurrencies using powerful video cards or specialized devices (ASICs). You can buy cloud mining power or invest in a cryptocurrency fund. You can risk your money in cryptocurrency HYIPs.

One of the possible ways to earn money can be the opening of a cryptocurrency exchange. Now many people are asking:How to open your own cryptocurrency exchange?Let's try to answer this question.

Why you should create an online cryptocurrency exchange

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

Creating a cryptocurrency exchange is a rather long and troublesome business. If you do not plan to exchange billions of dollars daily and maintain a huge staff to maintain the exchange, forget about this option. Creating a cryptocurrency exchange is a rather expensive pleasure, not suitable for an ordinary enthusiast. Createonline cryptocurrency exchangemuch simpler, but this simplicity 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. How this will affect exchangers is still unclear.

How to create a cryptocurrency exchanger: buy ready-made or write one 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 units 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 notice) and a system built to fit your needs. What you put in the project is what you get, since the code will be written according to your desires (more precisely, according to the interests of clients, as described below). This way allows you to create flexible functionality of the exchange office, which changes when external conditions change.

The second way is to buy a ready-made exchanger template. It will cost less (on the net, amounts no more than $ 5,000 are called), but it will have a typical, 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 cannot change the script yourself. Accordingly, the functionality of the exchange office will be limited by what the script developer put into it. Places where you can buy a ready-made exchanger script can be found on the forums of crypto enthusiasts.

How to open your own cryptocurrency exchange taking into account the interests of customers

Exchange offices earn on commission. The usual figure is now 1-5% of the exchanged amount. A lot depends on competition. If there are many exchange offices in a certain direction (for example, exchanging rubles from a Sberbank card to bitcoin), the commissions will be small and the rates of various exchangers will be close. In this case, it will be difficult to earn. A person who needs to exchange fiat money for crypto-currencies or vice versa will look for the most favorable rate, and with other equal conditions will exchange its 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. Exchange office owners monitor exchange rates, emerging in the market and trying to indicate their exchange rate, which is more profitable than that of competitors.

Except favorable exchange rate exchange for customers, the minimum amount of exchange is important. Depending on which assets are being exchanged, the minimum exchange amounts will vary for different exchange offices. In order for clients to change assets at your exchange office, set the minimum amount for the exchange.

The reputation of the exchange office is extremely important for clients. Most exchange offices are located in some exchange aggregator, for example, in //www.bestchange.ru. It provides feedback from users on the quality of the services provided. If a person remains 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 the exchange itself takes place quickly and without incident.

Also important is the number of exchanged assets and the direction of the 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 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 on the exchange of rare alcoins, which are not represented in other exchange offices. Here the commission can be higher, and customers can become permanent.

Exchange offices work with users from all over the world, as a rule, 24 hours a day. If your exchange office will make automatic exchange and do it quickly, you will have more customers. If the exchange will be done manually, then it is necessary to ensure round-the-clock work of the exchange office in three shifts.

Also important is the stock of assets (reserve) for the exchange. The more free assets (cryptocurrencies, fiat currencies) 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, cryptocurrencies) are not enough to complete the transaction.

Of course, the interface with which the exchange office interacts with clients is important. It is convenient to use the exchanger, if you do not need to perform many actions for the exchange, constantly switch between sites payment system, exchange office, constantly check 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.

Ceteris paribus, sales promotion tools work well, for example, providing customers with a cumulative discount. The greater the volume of exchanges your client makes, the greater the discount is given to him next time.

Key success factors for the exchanger

The main success factors for any exchanger include:

Reliability of cryptocurrency exchangers

Since the cryptocurrency market and transactions are almost unregulated, it is very important that customers trust you. Exchangers work in such a way that first the client transfers funds (fiat or cryptocurrency), and only then receives funds to his account. If there are doubts about the decency of the exchanger, people are simply afraid to make an exchange on this resource. The only way to earn customer trust is to work honestly and always ask for feedback.

It is also very desirable to have a round-the-clock (or at least - working until late at night) chat for prompt decision all questions.

Reliable exchangers can be added to Bestchange's monitoring site.

The relevance of cryptocurrency exchangers

Your offer must be competitive, and the exchange rate and commissions must be no worse than the average offer on the market. The average rate of cryptocurrencies can be checked on Coinmarketcap, but it also needs to be compared with the rates of competitors (the rate is sometimes overpriced in exchangers). Some exchangers overestimate the rate, but take a smaller commission, others do the opposite.

The relevance of the exchanger is also determined by:

• the number of cryptocurrencies available for exchange
• number of payment methods (cards, electronic payment systems and wallets)
• funds limit
• support service quality

Online exchange rate calculator

On home page any exchanger needs to install a special calculator form. It will help users to instantly calculate how much cryptocurrency/fiat money they will receive after the exchange.

How much can you earn with a cryptocurrency exchange office

Let's take not the largest commission value of 2%. If every day there will be exchanges on average for total amount 5,000 dollars, the commission of the exchange office will be 100 dollars per day, and about 3,000 dollars per month.

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

How much money do you need to open a cryptocurrency exchange

The cost of opening an exchanger consists of:

• expenses for setting up the site-exchangers (the above numbers were given: up to 5000 according to the template, the original development costs more)
• purchases of the necessary cryptocurrency for exchange (it is also necessary to put fiat money on the account). It all depends on the ambitions of the owner. It can be 300,000 rubles or tens of millions.
• advertising expenses. From a few thousand rubles a month to hundreds of thousands.

Very approximately, you need to count on starting capital in the region of 1 million rubles and more.

Commission of cryptocurrency exchangers

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

It is undesirable that your commission is above average. But we must not forget that the client first pays attention to the course and only then to the size of the commission. Therefore, in the first place, you should not overestimate the exchange rate.

What documents are needed to open a cryptocurrency exchange

Since the law on the regulation of the cryptocurrency market has not yet been adopted, exchangers are often opened without any licenses and documents. Formally, this is not a violation of the law: there are no special requirements now. Theoretically, now you can even open an exchanger individual and not IP. Perhaps, with the adoption of the law on cryptocurrencies, control measures will be tightened. Also, don't forget about taxes.

How to open a currency exchanger on the Internet?

There are a lot of good ideas for business on the Internet, but before you implement one of them, you need to take into account current trends.


The modern world is slowly moving to non-cash payments and electronic money. A great niche to start your own business, although it's not that easy.

How to open a currency exchange? To run such a service, you will have to spend money, even if you are able to write the site code from scratch.

The costs are serious, because you need to provide a decent reserve so that customers can exchange even large amounts. But this is not the only expense column.

The amount will have to be raised large, because the necessary software can cost $1000. It is not difficult to find it, and in this article we will tell you where it is sold.

The second major expense column is the balance sheet. To carry out operations, you will need to open several wallets, and throw decent money on each of them.

They will be used for exchanges, and here it is important to think over exactly how transactions will take place, because it is necessary to remain in the black, while offering users favorable conditions.

Don't even think about launching a service on a free engine and cheap hosting. You will need a dedicated powerful server, which also costs a pretty penny.

We must not forget about the promotion. There are a lot of exchangers on the Internet, in order to survive among competitors, you will have to spend money on advertising.

Where to buy an exchanger script?

You can contact freelancers at to order the creation of an exchange office on the Internet. This is not cheap, so it makes sense to consider template options.

I would be grateful if you share this article on social networks:

Cryptocurrency exchanges are one of the most promising directions Internet business. Creating such a service from scratch is a completely doable task, but it requires deep insight into the topic, a thorough knowledge of all the nuances and pitfalls of this process, as well as considerable funds.

The principle of operation of the cryptocurrency exchange

Since virtual currencies exist only in the virtual world and have no physical counterparts in the form of banknotes or coins, all transactions with them are carried out exclusively online. Today, the network has many money exchange services (both crypto and fiat), whose functions are identical to those of banks:

1. Buying and selling. Crypto assets can be exchanged for any fiat currencies, but in practice only a few of the most popular ones are used - dollars, euros, rubles.
2. Exchange. New cryptocurrencies appear almost every week. Which of them to support on its resource, each exchanger decides individually, taking into account the needs of customers.
3. Translations. There are many services that offer the "electronic wallet" service. In Russia, WebMoney, Yandex.Money, KIWI are most in demand; in other countries, people prefer other resources.

For all the services listed above, the exchange site charges a commission in the amount of 2 to 10% - this is the income from this type of business.

Where can I get a script to create an electronic currency exchanger?

There are three ways to get the script, and none of them are perfect.

1. Method one - download online. At first glance, the method is attractive, because it is absolutely free. Unfortunately, the benefits of free scripts are limited to this. This option is not suitable for creating a serious service, it can only be suitable for launching a test project and gaining experience. And that's why:

• Low quality. Free scripts have many flaws and bugs, often very dangerous. Here is just one example: a bug that allows the owner of a ruble account to click on “USD” in the list of currencies, and the amount in rubles is magically transformed into a similar amount in dollars (instead of exchanging at the rate). Needless to say, such a mistake can bring the owner of the exchanger to bankruptcy in a matter of days.
• Low security. Free scripts do not have a sufficient level of protection against DDoS, and sometimes they may even contain spyware that gives hackers access to the admin panel and client accounts.

2. The second way is to buy. A high-quality script costs from several thousand dollars. You can also try to negotiate with script developers and choose a more budget option: rent or participate in an affiliate program.

3. Order an individual script. If you have the necessary amount, then do not hesitate to choose this option. It will allow you to get a product with an original design and functionality, fully adapted to your needs. Of course, in addition to money, it will also take time: at least a month if one programmer is working on the script.

How to properly set up a business?

It will not work to start work without registration, everything must be done according to the law. Although the cryptocurrency legislation in Russia has not yet been adopted, there are several ways to formalize the exchanger.

1. Conclude an indefinite loan agreement (drawn up without notarization, which is the main advantage). It is under such agreements that most exchange services work. legal assistance required for the proper drafting of the contract.
2. Register exchanger as individual enterprise working in the field of information technology. The only nuance that could theoretically cause problems with such a design is the absence of cryptocurrency legislation. But the wait is not long: after lengthy debates and postponements, deputies during the autumn session of 2018
3. Acquire a Japanese license to carry out foreign exchange activities. This will remove all legal problems. Unfortunately, the cost of this document is too high - up to $100,000, so it is often bought when creating cryptocurrency exchanges, rather than exchangers.

How to make your service attractive to customers?

If, for example, hundreds of exchange offices exchange rubles from a Sberbank card to BTC, then the exchange rates on all resources will be approximately the same, and commissions will be low. You won't earn much on such operations. But it is also impossible not to support the most popular destinations, otherwise it will alienate a significant part of customers.

During the day, coin rates change. Exchanger employees must constantly monitor the markets and offer users a rate that is more profitable in comparison with competitors.

It is very important to establish minimum exchange amounts, to maximize the number of directions and methods of exchange (to include cards from different banks, electronic payment systems, and even exchange for cash). All this will also contribute to the influx of users to your resource. Listing rare altcoins that are not listed on other sites is another good idea. Here, the commissions are higher, and the customers are regular.

It is important that the service works 24 hours a day, and that the exchange is carried out automatically (that is, instantly). Resources with manual output are less popular, moreover, they require the organization of the work of personnel in three shifts.

Other factors to consider:

• simple and clear interface. The less "movements" the client performs during the exchange, the better. Only a well-written individual script can provide maximum convenience;
• availability of bonuses, discounts (including cumulative), affiliate programs;
• sufficient exchange reserve. The client will not wait until you have funds for the exchange, he will go to another site;
• organization of technical support. Any problems should be resolved promptly, the client should always be satisfied. Negative Feedback online can easily "bury" your business before it has time to stand up.

You should take into account the specifics of the work of exchange services: first, the client transfers his money, and then waits for the converted amount to be received into his account. This means that he must trust you implicitly. People should not have a shadow of doubt about your decency. Positive reviews will work for your image, so it makes sense to encourage users to them, for example, to award bonus points for this.

Issue price

The costs of opening an exchange service include:

1. Website development and setup. average price a ready-made script costs about $5,000, an original development costs from $8-10 and more.
2. Purchase of cryptocurrencies and fiats for exchange. It all depends on your ambitions. You can limit yourself to a few hundred thousand, or you can invest tens of millions of rubles.
3. Website promotion. It is not enough to create an exchanger, you need people to know about it. To organize an effective PR campaign at the initial stage, considerable funds will be required - tens (and sometimes hundreds) of thousands of rubles.

What income can you expect?

Income from this type of business is quite difficult to plan. If we assume that your resource will conduct transactions in the amount of $10,000 daily, then with a minimum commission of 2%, the profit will be $200 per day or $6,000 per month.