How do they work?Simple. The exchange software allows us to exchange one crypto for another, you can also buy and sell cryptocurrencies that you prefer. Some exchanges let you buy any cryptos (like BTC, ETH, etc) for either fiat or other cryptos. However, some are dedicated to only one cryptocurrency like the LocalBitcoin.Why is cryptocurrency exchange a lucrative business? Let’s find out here.Usually, the cryptocurrency exchange platforms earn from the transaction fee that they get on funds transfer. These platforms charge anywhere between 0.2 to 5 percent of the amount transferred. If you think this is a small amount and that the scope is too less, let me reveal a piece of shocking news!To know more catch us here:-Medium
I’m a Crypto author and I have written for some of the most popular Crypto publications. I have also been interviewed by leading Crypto media outlets. My work focuses on providing accurate and actionable information to help people invest in Bitcoin and other digital currencies.
I have over 10 years of experience in the financial sector, and hold a degree in Economics from the University of London.