In This PPT you will learn about the basics of Crypto Exchange and if you want to know more about this topic, Visit - https://cryptoreach.io/blog/crypto-exchange/
2. Since there are numerous crypto coins in the crypto market,
a need arises for a medium to facilitate and monitor every
transaction.
That is where ‘Crypto Exchange’ comes in to take care of
and provide all the necessary facilities for the smooth
functioning of the crypto world.
Crypto exchange platforms can be accessed from both PCs
and smartphones.
3. Some features
• Deposit and withdrawal of fiat currency.
• Graphs and analytical tools for easier management of a portfolio of
investors.
Furthermore, there are three types of crypto exchanges that have their
unique advantages and disadvantages.
Centralized Exchange (CEX): This is quite similar to the stock
exchange, where a central authority holds the power to facilitate all
transactions, hold custody of assets on behalf of users, and much
more.
Decentralized Exchange (DEX): opposite of CEX, that works without
interference from any central authority. DEX uses smart contracts that
have a fixed set of rules to provide person-to-person encrypted trading.
There are numerous features to consider in the selection of the right
crypto exchange, particularly security, insurance, fees, and many
others.
4. Crypto Wallet
There is a crypto wallet that helps to store the cryptocurrency and secures
it with the help of two types of passkeys.
One is the public key that enables the sending and receiving of
cryptocurrency.
Furthermore, many people confuse crypto exchange with crypto wallet, so
we have detailed a comparison table of crypto exchange with crypto wallet
to know all the differences and similarities.
To learn more in detail, read this blog.
https://cryptoreach.io/blog/crypto-exchange/