What is Cryptocurrency Exchange?

All you need to know about Cryptocurrency exchanges

Cryptocurrency exchanges are the websites where you can purchase, sell or trade cryptocurrencies for other digital currency or traditional currency like US dollars or Euro. For those that want to trade professionally and have access to extravagant trading tools, you will probably need to utilize an exchange that expects you to verify your ID and open an account.

Types of Exchanges:

• Trading Platforms: These are websites that associate buyers and sellers and take fees for every transaction or exchange.

• Direct Trading: These platforms offer direct person to person trading where people from various countries can exchange currency. Direct exchanging trades don’t have a fixed market price; rather, each person sets their own exchange rate.

• Brokers: These are sites that anybody can visit to purchase cryptocurrency at a value set by the broker. Cryptocurrency brokers are similar to foreign exchange dealers.

The vast majority of these exchanges are somewhat new to the business sectors so it's vital to complete a smidgen of homework before you begin signing up to exchange. There are 5 Cryptocurrency Exchanges which are topping the charts.

• Digital Ticks: A First-ever commodity - crypto exchange well designed by traders for traders. Digitalticks has installed robust technologies behind the scene that could handle heavy volatility of the crypto markets, as well as commodity markets which can manage & process up to 1,000,000 orders per second. Visit the business website for more details.  Digital ticks allow you to access exchange on the go. They have a mobile app for Android and iOS. Download the app (Android & iOS) now and keep track of your transactions, portfolio, and so on. 

• Binance: Binance offers desktop access and mobile app both for users.

• Bitmex: Popular with high volume.

• Bittrex: Another high-quality exchange with a lot of coins.

• Changelly: Instant conversion with a great user interface.

Bottom Line: In every case, an individual new to crypto trading will need to utilize an exchange or broker. Newcomers will possibly need to utilize a direct trading platform when their alternatives are restricted (either constrained by guideline or constrained by coin choice).

Which trade would it be advisable to utilize? If you are a beginner and don't have the foggiest idea what you are doing, try your hands on Digitalticks and take it from that point. This isn't the only choice, but they are beginner friendly. Keeping in mind, all exchanges and products referenced above are fine choices for what they are.


Stay with us for an upcoming article on How to start investing in Cryptocurrency? A Beginners Guide