How does Cryptocurrency exchange work?

[Heron]

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

[Abubakar56]

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

[sofa-lis]

Which exchange is the best for exchanging coins?

[hair]

Which exchange is the best for exchanging coins?

You can use major exchange like Binance, Kucoin, Indodax

[rakitzogi]

thank you for the information. so thats how exchange market works in cryptocurrency. I read also the article it gives me alot of information

[myidcoin]

Thank you for the information.

[yemight62]

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

[Quantum X]

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.

[Emircan]

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

[Msweet]

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.

[yemight62]

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

[Freemind]

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. 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.

[Bravo]

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.