Crypto Exchanges

Fiat-to-crypto exchanges are a critical component of the industry. These platforms allow users to purchase crypto using traditional financial methods such as debit cards, credit cards, or bank accounts. Consequently, fiat-to-crypto exchanges are crucial in introducing new capital into the market.  There was a time before these convenient platforms existed. For example, to get Bitcoin in its early days, you need to mine for it or trade some service for crypto payments. While this strategy worked fine during the market's infantile…

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…

As the world of cryptocurrencies continues to advance, so are ways in which a trader can exchange crypto for fiat currency. A few years ago, exchange platforms required third party involvement to find asset buyers to complete a trade. However, currently, peer-to-peer (p2p) crypto exchange platforms eliminate central authorities' need in trading. On these platforms, the trading parties enjoy direct trading. A recent Cointelegraph report shows that in the first week of August 2020, 95 million US dollars worth of…

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…

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…

Cryptocurrency exchanges are intermediaries that stimulate the buying and selling of cryptocurrencies, usually in exchange for a fee. Exchanges function to trade, speculate or convert existing value with other instruments like digital assets and ultimately fiat currency. Exchanges form a huge part of the cryptocurrency economy, as they form a key component in the sector's growth. Several exchanges have popped up since the advent of Bitcoin. One of the first was Mt. Gox, initially formed as a trading card exchange…

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…