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To whom may concern,
I am new to the scene of Bitcoin and have no prior computer/ technical background. I am planning to setup a personal exchange for trading rather than relying on exchanges and localbitcoin. Could anyone elucidate me as to how to setup a secure personal exchange and how to do backup just in case there is a computer virus or to prevent people from hacking. Please do not suggest Buttercoin as a platform as you need to pay them for each transaction. Thanks in advance.
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Bitcoin exchanges are complex networks designed to track bitcoin prices and to allow for secure buying and selling of bitcoins. This requires a vast programming knowledge in order to set up. Seeing that you do not have much of a technical background, I do not recommend venturing into setting an exchange up. That being said there are several exchanges that already exist, such as my favorite BTCe, that you may want to look into.
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Check this opensource exchange for altcoins, with right hands you might contribute code for fiat:
https://github.com/r3wt/openex
Here is a bitcointalk thread: https://bitcointalk.org/index.php?topic=320975.0;all
It's unclear what you are asking for. The idea of a "personal exchange" doesn't make sense because to have an exchange, you need to involve other people (to trade with). – Greg Hewgill – 2014-01-20T06:34:01.803
2If you need to ask how, you shouldn't. Bitcoin and other crypto-currencies are extremely complex and delicate, you will only waste your own time. – John T – 2014-01-20T08:18:09.730