I'd like to know how the bitcoin exchanges work. It's not about big exchanges like binance or bittrex. I'd like to know people could make an exchange solely relay on third party apis and are they safe ?

Most of the Bitcoin exchanges, are they using 3rd party API like blockchain.info or running their own node?

They're running own nodes.

I'd like to know people could make an exchange solely relay on third party apis and are they safe ?

In my own opinion it's not safe to delegate service to third party services in case of money, especially if you can create and run that's service byself.

  • Thanks, is there any opensource bitcoin node I can try it on my server. Bitcoin core is something like GUI based desktop application. – AH. Jan 13 at 6:36
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    All that you need is en.bitcoin.it/wiki/Bitcoind – Зелёный Jan 13 at 9:27
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    You may want to checkout bitcore.io/guides as well, as it abstracts a lot of the difficulties when building apps on top of bitcoind. – nyusternie Jan 13 at 12:33

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