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Cryptocurrency Exchanges: A way to buying/selling Cryptos!

Cryptocurrency exchanges are similar to stock exchanges, but the only difference is that in a stock exchange you buy and sell stocks, on the other hand in crypto currency exchange you buy and sell cryptocurrencies to make profits.

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Cryptocurrency Exchanges: A way to buying/selling Cryptos!

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  1. Cryptocurrency Exchanges: A way to buying/selling Cryptos!

  2. Cryptocurrency Exchanges: A way to buying/selling Cryptos! • Cryptocurrency exchanges are similar to stock exchanges, but the only difference is that in a stock exchange you buy and sell stocks, on the other hand in crypto currency exchange you buy and sell cryptocurrencies to make profits. • Top Cryptocurrency Exchanges also charge certain fees if you withdraw fiat from the account. Depending on various factors and actions of buyers and sellers, cryptocurrency exchange set the price for various crypto coins and tokens.

  3. Currency pairs for cryptocurrency! • Cryptocurrency pairs are basically what traders’ trade for. • It is these pairs which traders buy or sell in order to make profit from changing rates. • It is very important to remember that order of the currency in the pair plays a very important role in trading. • If a trader thinks that Bitcoin is going to increase against USD then he or she have to make sure that they are buying BTC/USD pair. On the contrary if they are anticipating fall of Bitcoin against USD then they should buy USD/BTC pair.

  4. Why you get different prices at different crypto exchanges? • Different prices at different crypto exchanges. • This is mainly because of the fact that the Crypto Exchanges are not connected with each other and price at each exchange is calculated on the basis of activities of buyer and seller and demand and supply of the coins. • This means larger the volume of crypto currency traded at a particular exchange, more market related price you will get over there.

  5. Can a trader benefit from price difference at various cryptocurrency exchanges? • On an average trading day you will notice difference of 1 to 2 percent in price of the cryptocurrency in various exchanges. This difference can go up to five percent when volume of trade is very high. This volume is usually high when price of the currency dramatically rises or falls. You can surely buy crypto currency from one exchange and sell it to another one only if transaction fees and other fees charged by exchanges do not surpass the profit. Otherwise it is not worth it. • Platinum Crypto Academy is all set to make its traders “Cryptonairs” as the academy calls them to be. They have extensive courses designed for teaching their clients

  6. Thank you.

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