We are all familiar with the stock exchange. The intense trading of stocks happens every day. Just like a stock exchange, cryptocurrencies are also traded on an exchange platform. A cryptocurrency exchange sees millions of users every day looking to sell/buy/trade various cryptocurrencies. What are the benefits of exchanging cryptocurrencies?
Users will be able to make profits from buying and selling crypto. For example, if an individual has a certain amount of Bitcoins and then he/she predicts a rise in the price, they will buy Bitcoins and sell it at that period. This way there is the profit earned from the price fluctuations.
A cryptocurrency exchange is highly secure and allows users to trade without the worry of losing funds.
Robust exchange platforms can handle over 50,000 transactions per second. This is the main selling point of these cryptocurrencies - the speed with which transactions can take place.
A cryptocurrency exchange needs no middleman or intermediary for transactions to take place. This helps reduce the costs involved in trading.
Exchange platforms are active 24/7 and all the days of the week. This allows users to trade whenever they want to.
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