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The Basics of Cryptocurrency Exchanges
An exchange operates in a similar fashion to any other type of commodities or stock exchange. As the name implies it is a place whereby you can exchange your financial asset for another. In this case that would to exchange your particular cryptocurrency for another. As an example if you held Bitcoins and wanted exchange them for a few Etheruem, you would link your crypto wallet, open an account with an exchange of your choice and convert them.
Here is a Live Exchange
There are several exchanges online to choose from. Important to note is that each exchange will charge a transaction / processing fee when you convert one asset to another.
We have listed a few exchanges here with links to get you started. These are currently the most reputable exchanges in the market. We gauge their level of Authority by way of exchange volume. Therefore based on exchange volume this is a metric for consumer trust. For this reason we recommend the following three exchanges to consider.
Top 3 Crypto Exchanges
We provide individuals and businesses a world class experience to buy and sell cutting-edge cryptocurrencies and digital tokens. Based and fully regulated in the USA, Bittrex is the go-to spot for traders who demand lightning fast trade execution, stable wallets, and industry-best security practices. Whether you are new to trading and cryptocurrencies, or a veteran to both, Bittrex.com was created for you!
Reviewed and rated, Coinbase is regarded as the worlds most popular exchange portal for cryptocurrencies. They support all currencies as well as cater for merchants and private transactions. According to Coinbase they have processed over $50 Billion in transactions and served more than 10 Million customers.
Coinbase was also one of the earliest adopters and one of the first cryptocurrency exchanges which has given them a bigger market confidence index over others.
Binance is a cryptocurrency exchange and ICO Incubator. Binance is gaining considerable attention and recognition. In terms of cryptocurrency exchanges, Binance offers the same features others do but also serves as a launch pad for prospective ICO projects.
If you are looking for both an exchange and also prospective investments pre-launch then visit binance and register. They have a good amount of information available for your research needs. Additionally if you are considering launching your own ICO, they are a good place to visit to learn more and help plan your ICO properly.
Exchanges have played an integral role in assisting the development of cryptocurrency and ICO development. Without these exchanges we would not be experiencing such a rapid development and uptake in cryptocurrency values and interest. Do you homework and research on the Exchange you prefer to use.
For more information on cryptocurrency wallets please click here.