A cryptocurrency exchange can be defined as a trading platform where clients can purchase and sell digital currencies. Cryptocurrencies exchanges are basically online venues popularly known as digital marketplaces. Traders are allowed to exchange cryptocurrencies for other types of cryptocurrencies or fiat money such as Euro or USD at these digital marketplaces. The exchange process will rely on the market value of the specific asset. Meanwhile, some exchanges may vary in their pricing procedures.
For instance, some exchanges may offer a flat rate but charge extra fees depending on the selected payment method. While other exchanges may offer an entire sum that includes everything like trading fee, rate, and payment fee among others. Cryptocurrency exchanges have striking similarities to conventional stock exchanges.
Given below are the top 6 leading exchanges:
We have put together the ultimate beginner’s guide for understanding and investing in cryptocurrency!