How can I start a cryptocurrency exchange if banks won’t open accounts tied to Bitcoin?

Most banks today will not touch you if you have anything to do with Bitcoin/crypto. The FUD (Fear, Uncertainty, Doubt) factor has spread so much, many bankers don’t even know why they are saying no to you, except that they should say no, because everyone else is saying no.

The best way of going about opening a cryptocurrency exchange is to have a cryptocurrency exchange only, i.e. you do not touch fiat. Binance, HitBTC, Cryptopia, etc. are a few examples.

If you stat out with a crypto-only exchange you don’t have to worry about a bank offering you fiat. What happens if that bank pulls the plug mid-way! How will you possibly deal with such a set back.

Eventually crypto-friendly banks will pop up - just not yet.