The cryptocurrency market is experiencing exponential growth. Thus, cryptocurrencies’ total capital exceeds $1 trillion, and Bitcoin dominates other digital coins. And although the place of the new type of assets in the global financial system has not yet been determined, popular tokens bring a lot of income to investors. Therefore, the operations on exchanging crypto are becoming more and more popular. And the cryptocurrency exchange online offers simple tools for working with digital currencies.
Why You Should Use a Cryptocurrency Exchange
Exchange crypto on a specialized platform is safe and profitable. A cryptocurrency exchange allows anyone to find out the latest data on current rates, create buy or sell orders in trading terminals, and exchange tokens for fiat (USD, EUR, RUB, UAH, and other currencies).
The main advantages of the cryptocurrency exchange include:
- Real-time updates of quotes;
- High level of security thanks to reliable data encryption;
- The ability to buy a large amount of Bitcoin and other digital coins due to large trading volumes;
- Graph that helps to track changes in the price of popular assets and make decisions on transactions;
- Zero risks of fraud thanks to the use of blockchain technology;
Two ways to exchange crypto (via the particular module or a trading terminal). These advantages attract thousands of investors to the cryptocurrency exchange and make it a good choice for digital currency exchanges.
How to exchange coins on a cryptocurrency exchange online
Before you start using the crypto exchange platform, you need to follow three simple steps:
- Create an account using an email address or social media account (Facebook, Twitter, or Google).
- Go through the identity verification procedure (you need a passport/ID card/driver’s license and a bank card).
- Deposit cryptocurrency or fiat on a wallet (via bank card or bank transfer).
You can exchange crypto in a particular module in your personal account. To do this, you need to select the purchase currency and the sale currency, enter the amount and confirm the operation. If all the data has been entered correctly, the system will notify you about the successful exchange. The money received can be withdrawn to a crypto wallet or bank card. Also, tokens can be held on a cryptocurrency exchange online in a special storage. If the rate increases, you can sell your tokens.