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Author Topic: How can I understand cryptocurrency?  (Read 27 times)


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How can I understand cryptocurrency?
« on: January 27, 2022, 02:31:31 PM »
A cryptocurrency exchange is a platform that allows people to trade cryptocurrencies or digital currencies. These exchanges are somewhat similar to stock exchanges, the main difference is that stock traders buy and sell assets, while on crypto exchanges, traders use cryptocurrencies.

So here is how the crypto exchange works:

Submit your identity documents to sign up at a crypto exchange
Fund your crypto exchange account using an acceptable local currency
Put a buy order to start trading cryptos.
The exchange aggregate the buy and sell into the order book which is maintained by the exchange. This will also automatically match efficient buyers and sellers. Additionally, the crypto exchange allows users to set limit buy and sell orders.

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