Exchanges

Decentralized cryptocurrency exchanges (DEXs) are gaining momentum due to their added security, lower rates, and new features. The only problem is that there are so many DEXs available nowadays. So how can you tell what platforms deserve your time and investment?  It's now apparent that DeFi users have an excellent selection of DEXs to suit their investment goals. Luckily, you don't have to wander around the DeFi industry like a blind man feeling out each platform to verify its merits.…

Analysts agree that one of the most significant barriers to cryptocurrency adoption in 2023 is finding reliable and affordable ways to convert your fiat to cryptocurrencies. Unfortunately, converting fiat to crypto isn't as easy as trading crypto directly. Using fiat currency to purchase cryptocurrencies introduces the need for more regulatory compliance in most regions worldwide. As such, users of fiat-to-crypto exchanges need to submit to KYC/AML protocols as these platforms fall under global currency regulations as part of their operating…

Trading cryptocurrency can be profitable and fun if done correctly. Today, traders have more options, exchanges, and features than in the past. But unfortunately, these choices can confuse new investors about where to start their crypto adventure.  If you are familiar with crypto trading, you probably have used some of the more extensive exchanges in the market, such as Binance and Coinbase. While these exchanges are valuable because they provide a reputable and reliable trading experience, they are also a…

It's without a doubt that Bitcoin has gone mainstream. However, the biggest bottleneck in obtaining Bitcoin and other altcoins has always been purchasing either instantly. Most crypto exchanges accept other payment methods except for debit and credit cards. Nevertheless, the increasing demand for bitcoin transactions has sparked an evolution in many platforms to facilitate settlements through FIAT currency. These platforms include various payment methods as per a user's convenience, though not all accept credit cards for buying bitcoins. Here is…

A derivative is a financial contract between two or more parties based on an underlying asset's future price. Crypto derivatives are, therefore, tradable contracts between parties regarding the future of an underlying asset, which in most cases, is Bitcoin (BTC) or other top cryptocurrencies. Trading crypto derivatives enables traders to mitigate volatility-associated risks and hedge against potential losses in trading.    In recent years, crypto-derivatives have grown in popularity. The enormous growth in crypto derivatives is largely attributed to the launch…

Cryptocurrencies are volatile investments and can cause unimaginable losses when traded without an effective strategy. Many crypto traders manage the risk of crypto trading by simply buying an asset when the price drops or selling it when the price rises. However, this tactic comes with numerous downsides, including missing out on profits if the price continues to rise after you close a position. Cryptocurrency contract trading comes in handy to enable crypto traders to hedge existing spot positions without additional…

In March 2010, the now-defunct bitcoinmarket.com started as the first and only crypto exchange. However, the growth of cryptocurrencies and the upsurge in tradable coins caused a rise in the number of crypto exchanges globally.   Exchanges have the aptitude to provide high liquidity to any crypto assets and offer faster and cheaper transfers. Although exchanges have fostered growth in the past three years, their instability is still a serious matter that hinders their growth. It is, therefore, important that…

Crypto futures are derivative products in the form of a contract. Two parties commit to either sell or buy a cryptocurrency on a specific date in the future at a predetermined price. In essence, Crypto futures allow traders to speculate on the future magnitude and cost of an Asset. The trading volume of crypto futures has grown rapidly since the Chicago Board Options Exchange launched the first Bitcoin futures contract in 2017 (Cboe). So let's look at the best exchanges for…

Cryptocurrency exchanges arose from the need to trade digital currencies, just like in forex trading. If one wishes to change hard currency into digital currency, they use crypto exchanges to acquire such assets as bitcoin stored in digital wallets.  Types of Crypto Exchanges However, despite their unprecedented growth and market infiltration, cryptocurrencies cannot replace conventional platforms. This necessitated a look into how physical platforms could be incorporated with cryptocurrencies. Thus, centralized and decentralized exchanges emerged.  Centralized exchanges (CEX) Centralized exchanges…