CRYPTONAIRE
WEEKLY CRYPTO investment journal
THE ADVANTAGES OF USING A CRYPTOCURRENCY EXCHANGE
A Cryptocurrency exchange is an advanced platform that factilates cryptocurrency investing and the trading of them in exchange for other assets including, fiat and digital currencies. Thus, Cryptocurrency exchanges function as intermediaries between the buyers and sellers and earn money via transaction fees and commissions.
THE ADVANTAGES OF A CRYPTOCURRENCY EXCHANGE THE EMERGENCE OF CRYPTOCURRENCY EXCHANGES There has been a significant rise in the number of Cryptocurrency exchanges in the past couple of years. These exchanges facilitate the buying and selling of crypto assets. Using a cryptocurrency exchange, one can easily purchase a fraction of their preferred assets. Thus, if you wish to invest a sum of $500 in bitcoins, you can conveniently do that. You don’t have to purchase an entire bitcoin and can instead buy a fraction of the same (for instance, 0.003 BTC). It provides investors with more flexibility, as well as makes it easy for them to set up balance portfolios using any amount. Another benefit of the Cryptocurrency exchange is that it allows traders to purchase and sell cryptocurrencies on a 24x7 basis. This makes it highly attractive for retail traders who prefer to trade during their free hours. Also, cryptocurrency exchanges allow you to purchase as well as sell instantly. These exchanges settle instantly and based on the crypto assets that are in their custody.
Cryptonaire Weekly | February 2nd 2021
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