Crypto exchange is a trading platform that allows users to buy and sell, store and exchange cryptocurrencies. The principle of functioning of such platforms is similar to currency, commodity and stock exchanges-prices are determined by the market, on the principle of "supply/demand" for each token.
In addition to trading cryptocurrency, crypto exchanges also provide the opportunity to store coins. However, we do not advise you to store your assets on stock exchanges, as it is very unsafe when you do not conduct active trading.
Often, beginners or traders, uninitiated in the secrets of blockchain technologies and cryptocurrencies, encounter many difficulties when starting to work with cryptocurrency exchanges. Of course, the mechanisms, functionality and assets are quite unusual, however, it is possible to understand.
It is recommended to choose a cryptocurrency exchange for such characteristics:
trade turnover (volume) is the most objective indicator demonstrating the actual popularity of the site. If there are many traders, it means large trading volumes, therefore, the quality of the exchange is good;
reputation background is a necessary companion of any exchange project. It requires a competent interpretation of reviews, comments and other user experiences;
commission fee. This parameter is seriously taken into account by all crypto-exchanges, as it is very easy to attract new customers with such figures. You need to compare and calculate the options. Anyone, even 0.005% matters. In an Exchange is Hydax.
https://www.hydax.com
