Altcoins Talks - Cryptocurrency Forum

Archive => Sorting Box => Topic started by: Heron on October 25, 2020, 09:56:58 AM

Title: How does Cryptocurrency exchange work?
Post by: Heron on October 25, 2020, 09:56:58 AM
When you buy cryptocurrencies via an exchange, you purchase the coins themselves. You'll need to create an exchange account, put up the full value of the asset to open a position, and store the cryptocurrency tokens in your own wallet until you're ready to sell.
Collected by: www.ig.com
Title: Re: How does Cryptocurrency exchange work?
Post by: Abubakar56 on December 02, 2020, 05:57:24 AM
When you buy cryptocurrencies via an exchange, you purchase the coins themselves. You'll need to create an exchange account, put up the full value of the asset to open a position, and store the cryptocurrency tokens in your own wallet until you're ready to sell.
Collected by: www.ig.com
That's just exchange for you
Title: Re: How does Cryptocurrency exchange work?
Post by: sofa-lis on December 04, 2020, 03:04:08 PM
Which exchange is the best for exchanging coins?
Title: Re: How does Cryptocurrency exchange work?
Post by: hair on December 04, 2020, 05:47:56 PM
Which exchange is the best for exchanging coins?
You can use major exchange like Binance, Kucoin, Indodax
Title: Re: How does Cryptocurrency exchange work?
Post by: rakitzogi on December 05, 2020, 03:41:24 PM
thank you for the information. so thats how exchange market works in cryptocurrency. I read also the article it gives me alot of information
Title: Re: How does Cryptocurrency exchange work?
Post by: myidcoin on December 06, 2020, 11:05:06 AM
Thank you for the information.
Title: Re: How does Cryptocurrency exchange work?
Post by: yemight62 on December 06, 2020, 11:14:21 AM
When you buy cryptocurrencies via an exchange, you purchase the coins themselves. You'll need to create an exchange account, put up the full value of the asset to open a position, and store the cryptocurrency tokens in your own wallet until you're ready to sell.
Collected by: www.ig.com
One of the major problem i have with exchanges generally is the minimum amount transferable and the transaction fee.  Most of them charges exorbitant amount irrespective of the amount user want to withdraw.  Scalpel charges about $6 for a transaction of $9, Hotbit, bitforex and others are also the same think
Title: Re: How does Cryptocurrency exchange work?
Post by: Quantum X on December 13, 2020, 04:38:13 PM
Which exchange is the best for exchanging coins?
I can say Binace is the best since you can find most serious project in this exchange and that is one of the reason why traders love to stay at Binance.
Title: Re: How does Cryptocurrency exchange work?
Post by: Emircan on December 14, 2020, 04:19:30 AM
Thank you for the information.
you must accept to exchange and increase your own value. Only when you have a wallet will you make the transaction
Title: Re: How does Cryptocurrency exchange work?
Post by: Msweet on December 24, 2020, 12:03:00 AM
There are a lot of exchangers, they are very good.  All exchangers are associated with all these exchangers.  Personally, the best and best exchanger for me is Binance, because it is very easy to use and trade.
Title: Re: How does Cryptocurrency exchange work?
Post by: yemight62 on December 25, 2020, 10:01:16 AM
There are a lot of exchangers, they are very good.  All exchangers are associated with all these exchangers.  Personally, the best and best exchanger for me is Binance, because it is very easy to use and trade.
Even as good as binance is,  it has it's limitations too.  The minimum amount a user can trade is $20 per trade, this is too high, also to pass KYC is too much of a stress
Title: Re: How does Cryptocurrency exchange work?
Post by: Freemind on December 25, 2020, 12:34:14 PM
I really don't understand what the link is for in the first post... In case someone did not know, you can also use changelly.com (https://changelly.com). No registration or kyc needed, just an email address. The website asks you what you want to buy, it tells you to which address you should send your coins/tokens and it also asks for an address to send them to you. I have used it many times, it has been running for years and I have never heard any negative comments from anyone.
Title: Re: How does Cryptocurrency exchange work?
Post by: Bravo on January 26, 2021, 09:06:02 PM
A cryptocurrency exchange is simply a platform that matches buyers of cryptocurrency with sellers. For the most part, it works just like a normal exchange for any other asset, such as stocks. But unlike traditional exchanges that have set trading hours, cryptocurrency exchanges are active 24 hours a day, 7 days a week.