Is it possible to make money from mining?
Bitcoin is very popular now because bitcoin mining has become much more difficult. You need a GPU of unimaginable processing power (the central processing unit is more than 50 times slower). It is very difficult to mine even one bitcoin. In addition, some countries are paying more and more attention to mining. This is often considered illegal activity, tax evasion, or other nonsense. However, in many parts of the world, cryptocurrencies still remain an unregulated gray area. However, this situation may soon change.
How to make money with bitcoins differently?
If you have an online store, a SaaS app, or are online, you can allow your customers to pay in bitcoin. This way one can invest in bitcoins. We have all heard about the huge fluctuations in the bitcoin rate in the summer of 2017, and by the fall, their value had doubled. It’s inconceivable! Trading platforms are another option for making money on bitcoins. The opening of such a site is unusual and requires a lot of investment. Let’s see what platform owners get in return? A small commission from 0.2% to 3%. A little, right? However, let’s calculate the volume of daily exchanges. According to iTizzi, Exmo’s platform volume is $13,996.00 per day. Their daily income is about $28,000-420,000 from commission alone! Not bad? Knowing the trends of e-commerce, this can be a viable alternative to making money.
Development of a platform for trading cryptocurrency in Ukraine
Preparation and planning is a very important aspect of web development before starting any project – be it something as complex as developing a trading platform or developing a SaaS platform, or designing a simple website for a company. Let’s see what features a cryptocurrency platform should have in order to satisfy customers and owners?
Key features of the cryptocurrency trading platform:
- Flexibility of customization and scaling
- Simple controls
- Lowest possible latency for the user
Moreover, each platform has separate modules, the so-called layers. Each of them functions independently, relying on the received data and the exchange interface. For example, cash flow engine, user process service, backend, user interface integration. APIs and cross-tier requests make connections. Usually, each of them is located on a separate machine/server. The most important, of course, is the server platform itself. Thanks to this, you can easily scale your business with web and mobile apps, PC programs, and more.
How much does it cost to create a cryptocurrency platform in Kyiv, Odesa, Dnipro?
Such a platform is a complex project, unlike, for example, a personal website. The team should be composed of the following people:
- Project manager for 2-3 months. Responsible for teamwork, discussions, communication between teams and the client, and project management.
- Quality control engineer 2-3 months. Testing all possible scenarios and problems.
- Designer for a month. Interface design and communication between users and the platform.
- Interface developer 2-3 months.
- 2-3 developers on platform programming for 2-3 months.
* These time frames are valid only for the Ukrainian company iTizzi – a well-coordinated, experienced team that already has experience in similar projects. Otherwise, the time must be multiplied by * 2.
Developing a cryptocurrency platform requires knowledge and skills, for example, in the Blockchain industry. First of all, it is necessary to take into account the high loads and the high level of safety. Our company iTizzi has experience in developing similar Blockchain projects in Eastern Europe and Ukraine. If you need advice, please contact us. We will provide you with personal advice to help you develop your cryptocurrency platform, help develop the cryptocurrency itself, create customized Blockchain applications. When working with the iTizzi agency, the development time is about 2-6 weeks for the white-label option.
Is the volatility of the cryptocurrency rate good or bad?
The cryptocurrency market is very volatile, cryptocurrency rates are very volatile and depend on almost everything. But, if you have a cryptocurrency trading platform, you will receive a commission from transactions between users regardless of the bitcoin rate. And this is an example of a very good business option in Vinnytsia, Lviv.
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