What Is Cryptocurrency Exchange & How It Works?


Robertbint

Uploaded on Oct 16, 2018

Category Business

Cryptocurrency exchanges are online platforms where you can exchange one cryptocurrency for another cryptocurrency. If you are interested in crypto exchange visit our site at www.bitex.global

Category Business

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What Is Cryptocurrency Exchange & How It Works?

PowerPoint Presentation CRYPTOCURRENCY EXCHANGE What Is Cryptocurrency Exchange? • Cryptocurrency exchanges are online platforms where you can exchange one cryptocurrency for another cryptocurrency. • In other words, depending on the exchange, it is either like a stock exchange or a currency exchange. • A cryptocurrency exchange is also known as a digital currency exchange (DCE). How Cryptocurrency Exchange Work? Crypto Exchanges Works In Two Ways 1. Through a Decentralized Crypto Exchange (Pre- Programmed Software) • Decentralised exchanges allow buyers and sellers to directly trade cryptocurrencies with one another without any third party intermediaries to ensure all trades are processed correctly. • These exchanges would operate solely with the exchange of just cryptocurrency. 2. Through an Intermediary (Cryptocurrency Company) – Fiat Exchange • There are some cryptocurrency exchanges that act as an intermediary between buyer and seller and collect fees in order to profit from these exchanges. • These types of exchanges would operate as a fiat exchange in which physical currency can be traded for the cryptocurrency. Advantages of Cryptocurrency Exchange • Low or no fees • No central point of authority with decentralized exchanges means no government interference • No concentration of power. They are completely run by people. • Decentralised exchanges have more privacy. Disadvantages of Cryptocurrency Exchange • Lower liquidity (depending on the exchange) • Longer trade times BITEX EZBitex is the currency exchange and banking infrastructure with a decentralized, distributed and immutable ledger provided by Bitex, which underpins the functioning of the entire system.