How would you go about starting your own cryptocurrency?

[Grant]

I just wonder, how would one even go about starting their own cryptocurrency? I ask because I think it would be cool to start my own. Even if it's not worth much, I would maybe like to utilize something for charity purposes. Any money I'd make from it, would go right to a charity of my choosing. Have you guys ever thought of starting your own crypto?

 

[Deleted member 6201]

Start Your Crypto Exchange

1. Obtain legal counsel to ensure licensing requirements are met. ...
2. Attain funding for venture. ...
3. Find a technology solution provider. ...
4. Connect your exchange with others for added liquidity. ...
5. Partner with a payment processor. ...
6. Implement best security practices. ...
7. Go live via beta testing.

 

[Ralphjoe]

Starting your own Cryptocurrency is an ambitious project, well I don't blame you, it's because there are many cryptocurrencies in the market now that makes you think that you can set up your own Cryptocurrency. Well you can start up your own Cryptocurrency but make sure you have alot of capital, then obtain your permit or license, get good programmers to program the algorithm for the coins, after that, take it for beta testing then you can release it live for everyone to invest in.

 

[Chibson]

Anyone can start a cryptocurrency but that does not guarantee that it will be successful in the long run. You need to have people who are ready to invest heavily in your project in order for it to be successful.

 

[Good-Person]

I am not sure if i will ever start my own cryptocurrency because I do not even know how to creat and launch cryptocurrencies. I would need to consult people or crypto experts. I am sure if it were that easy to make a cryptocurrency, then everyone would have made it.

 

[Dowenship]

I just wonder, how would one even go about starting their own cryptocurrency? I ask because I think it would be cool to start my own. Even if it's not worth much, I would maybe like to utilize something for charity purposes. Any money I'd make from it, would go right to a charity of my choosing. Have you guys ever thought of starting your own crypto?

I once read the pdf of how nikamoto started our create bitcoin, and I believe this same way is how coin project is being created even though it looks coarseful to me.

 

[Chibson]

If you want to start a cryptocurrency then you should probably look for a good marketing team because that is very important in the sense that the success of cryptocurrency is dependent on the kind of people that is holding it.

 

[FreshKaz11]

I just wonder, how would one even go about starting their own cryptocurrency? I ask because I think it would be cool to start my own. Even if it's not worth much, I would maybe like to utilize something for charity purposes. Any money I'd make from it, would go right to a charity of my choosing. Have you guys ever thought of starting your own crypto?

I don't or even think about starting my own crypto currency, because not as rich to that extent to be thinking on starting up my own crypto currency and the bad part of it is that they place banned on it in my country.

 

[Alexandoy]

I have asked this question before but no one could give a clear answer just like that comments above. If anyone can start his own crypto then what is to be done so the new crypto can enter the exchange platform? In the stock exchange there are certain requirements for the company. What is the requirement in the exchange platform if I would say I have $10 million worth of my new crypto?

 

[Nomad]

Dogecoin, which is one of the top 10 coins by market capitalization, was created just in 3 hours. I think anyone can create a new coin in a couple of hours provided he/she has necessary skills.

 

[Tolumi]

I have asked this question before but no one could give a clear answer just like that comments above. If anyone can start his own crypto then what is to be done so the new crypto can enter the exchange platform? In the stock exchange there are certain requirements for the company. What is the requirement in the exchange platform if I would say I have $10 million worth of my new crypto?

You can start with creating one on Binance Smart Contract (BSC) as this will be far cheaper compare to creating one with Ethereum smart contract as the gas fee will be much for you and even the early adopters of your token.

 

[eLdavis]

The problem here is not even starting up or creating your own crypto currency because almost anyone can do that with the right information and resources, what you should be worried about is for the coin to actually succeed. There are so many coins out there but only few succeed.

 

[Setho]

If you have decided about the particular type of block chain that you want your crypto to be built on then you will need engineers that will be able to develop it.

 

[Justin]

I have no idea on how a crypto currency is created. However, ever since I began working online and started participating on the crypto related discussions, I have been taking interest in how a crypto currency can be created.

 

[Ub40]

Even though creating of cryptocoin can be profitable but I also think the processes involved is not easy and could involve spending a lot of money. I would rather look for another online business as there are so many of them today. It is just my view.

 

[Kelly5]

There are so many moving parts around the cryptocurrency mining process or Etting up process. I won't go into any of it unless I know with absolute certainty how things are done and managed there

 

[Lens]

To start a cryptocurrency is no child's game. The pi was owned by University professors and very influential people, yet it has not been listed in the crypto market. I would love to make it very clear that creating a cryptocurrency entails lots of rigorous activities and money.

 

[Sotherefore]

Well I don't really know how to go about it , but if I am really interested to start my own cryptocurrency I'll make sure I have more understanding of cryptocurrency , the blockchain technology and cryptography from there I can know what to do. This will give you wider understanding

 

[Good-Person]

Right now I do not have any plans to create my own cryptocurrencies because I am not a tech savvy and i would need to require a huge team of cryptocurrency experts. I reckon that it is not so easy to create your own coins. Right now I am focusing more on currently existing coins.

 

[Sincerem]

To be able to successfully establish your own personal cryptocurrency , so many things must be put into consideration. You must have a good understanding of the blockchain technology and how it works. That is the first step to start .