In May 2011, 31,200 members were registered. Then other cryptocurrency exchange platforms arose.
Then 744,000 BTC were stolen from the service’s deposits. I must say that this was far from the first case of loss of money, nevertheless, the exchange continued to function, given the complete absence of competitors. Now the situation has changed, there are even too many Internet sites and it is very difficult for an inexperienced user to identify cryptocurrency exchanges. In this article, we will tell you about popular services, and will try to explain which aspects you should first pay attention to when choosing a site for exchanging virtual assets and swap safemoon to bnb.
A cryptocurrency exchange is a place where traders can exchange one cryptocurrency for another. Exchange is also carried out for other assets, such as national currencies (dollar, euro, rubles, yuan). Our Rating of cryptocurrency exchanges contains platforms that provide access to crypto trading. In order to make money on bitcoins and other digital currencies, an investor must first understand how to trade on a cryptocurrency exchange and how to choose the best cryptocurrency exchange correctly.
Cryptocurrencies are digital currencies, each of which is a unique encrypted computer code. Cryptocurrencies are a new kind of digital financial assets. They, like traditional currency pairs, are also subject to rate jumps, on which the whole earnings strategy is based. One of the most popular cryptocurrencies in the world today is Bitcoin (Bitcoin, BTC).
Top 10 crypto exchanges:
- Binance
- Bittrex
- EXMO
- LocalBitcoins
- Probit
- Poloniex
- HitBTC
- Bitfinex
- Bibox
- Huobi
A crypto exchange platform is a tool that gives users the ability to exchange cryptocurrencies. They can be exchanged for other virtual coins as well as for ordinary, so-called “fiat” ones: dollars, euros, rubles, hryvnias and others. Exchanges can be called differently: “digital currency exchange platform” or “marketplace”, for example. But they are all made for one thing – exchange.
By selling or buying cryptocurrency, you can also make money – on the difference in the exchange rate. Most use exchanges just for the purpose of making money – such people are called traders. In the case of cryptocurrencies, the price of which can change at times within hours, traders can quickly earn tens and hundreds of percent of the profit from the invested funds. In this case, exchanges act as a tool that allows you to quickly buy and sell cryptocurrency at a profit at a certain moment.
To start trading, first of all, let’s figure out the standard mechanics of exchanges. After the influx of users in mid-to-late 2017, many sites temporarily closed registrations, so first, see if it is even possible to create an account on the selected exchange.
Usually, registering an account on an exchange is no different from registering on any other website. A standard set of requested data: an email address (sometimes also a login) and a password. Often, during registration, they may ask for more information about the country of residence. As a rule, exchanges are also immediately asked to enable two-factor authentication by phone number, through a QR code or special applications in order to increase the level of account security.
