There are many websites to exchange digital currencies on the Internet. Such exchangers are created more and more every day and sometimes it is difficult to choose the most convenient.
In this article, the CDLCONLINE24 team will tell you about the top 3 crypto exchanges where people can exchange fiat currency for digital.
Cryptocurrency exchange is a service where you can buy, sell or exchange digital currency for money or other crypto coins.
There are three main types of such exchanges:
- Trading platform is a website where buyers and sellers can place orders to buy and sell cryptocurrency.
They do not cooperate with each other, but with the platform. The service charges a fee when concluding a transaction;
- Peer-to-peer (P2P) exchange platforms are services that directly connect buyers and sellers. There are no fixed market prices because it all depends on the agreement between the two parties.
According to cdlconline24 expert, the role of such crypto-exchange is to provide services for depositing and mediation of transactions;
- Crypto brokers are platforms where potential buyers can also buy cryptocurrency. However, the price is set by the broker.
It is convenient to use, well known and available in many countries. A feature of their exchange service is the GDAX (Global Digital Asset Exchange). It works as a cryptocurrency trading platform.
On the Coinbase platform, you can buy cryptocurrencies such as Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) for money. To buy them, the platform will require confirmation of the account. For verification, you need a photo ID, bank details and phone number.
On it, you can exchange not only Bitcoins but also ETH, XMR (Monero), ETC (Ethereum Classic), LTC and XRP (Ripple).
It also accepts payments by bank transfer in the currencies USD, JPY, CAD, and GBP. According to cdlconline24, their account security structure consists of two-factor authentication protocols and PGP email encryption. When you open an account, an…