Cryptocurrency Exchange

What is a cryptocurrency exchange?

If you are looking forward to trading in digital currencies then you should know about top crypto exchanges, list of cryptocurrencies and crypto exchange rates.
A cryptocurrency exchange is a Platform that offers users to trade cryptocurrencies or digital currencies for other cryptocurrencies or traditional money.

Another type of cryptocurrency exchange is the traditional platform, which is more like a stock market, where both buyer and seller exchange at a market price. The platform charges a fee for withdrawal, deposit and trading.

Also, a platform called Direct trading, allows buyers and sellers to trade at their own terms and agreements, also the price is set by sellers.

Another type is the Broker trading, where buyer/seller trade with a broker and here the price is decided by the broker.

How to exchange cryptocurrency?

Now that you are familiar with the cryptocurrency keyword and want to invest, you need to find out the best exchange available to get the most out of the investment.

First, check cryptocurrency exchange rates, study about the exchange security as what it offers for business protection. Then check out its review from different sites once you have found the exchange you wish to invest.

Go to the official exchange site you wish to trade. Register yourself with all the details. Then after a successful login, every exchange platform asks for verification before you start trading. Provide all the documents, sometimes you need to take a photo of yourself by holding government ID.

After all the verification, before you trade, you need to have balance in your wallet. Go to deposit page, choose the currency you wish to deposit from the list of cryptocurrencies available on the platform. Click ‘generate’ to get the address, and deposit the respective coin to the address.

Go to the market page ->check for the pairs you wish to trade, If you are trading crypto to crypto or fiat to crypto then choose the pairs, enter the quantity and submit.

For withdrawal, Go to the withdrawal page-> click the coin you wish to withdraw, then enter the correct address, enter the quantity and submit.

How to exchange cryptocurrency for USD?

First check which platform allows you to trade crypto to fiat. To exchange coin,  for example; Bitcoin to USD, you need to have balance in your wallet. Go to the deposit page, choose the currency you wish to deposit from the list of cryptocurrencies available on the platform. Click ‘generate’ to get the address, and deposit the respective coin to the address.

Go to the market page ->check for the pairs with BTC/USD you wish to trade, enter the quantity and submit.

For withdrawal of USD, Go to the withdrawal page-> click on the USD, then enter the correct address, enter the quantity and submit.