Before knowing about cryptocurrency exchange Let’s clear all your confusion on Cryptocurrency, so let’s begin.
What is Cryptocurrency?
A Cryptocurrency is a digital or virtual currency. It is widely used on the Internet as it is virtual means that it can not be touch by anyone.
Bitcoin is the best example of cryptocurrency. Litecoin, ripple, ethereum, Dogecoin, coinye are the some of the top cryptocurrencies famous in the World.
Why cryptocurrency is popular?
1- Cryptocurrency is not controlled by any person or organization or government and hence it’s users are free from the boundary of the tax.
2-All the transactions of the cryptocurrency are safe and processed by the Miners. Who are miners? Miners are the person who used to process all transactions by verifying the actual receivers of the cryptocurrency.
Miners are the person who manages the ledger and adds the transactions in the blockchain by performing various mathematical equation which needs the high speed of computation.
3- Cryptocurrency is best for foreign transactions. It takes only 10 to 15 minutes to make a foreign transaction which is usually faster than the processing of our country’s banks.
4-Charges or fees for foreign transaction is very less.
5- High return value.
6-Several countries accepted cryptocurrency as a mode of exchange.
In present value of Bitcoin is highest among all other cryptocurrency. Why value of bitcoin is rising? etc…
What is Cryptocurrency Exchange?
A cryptocurrency exchange is an online platform where the buying and selling of the cryptocurrency take place with the help of traders by exchanging other means of digital currency or assets.
Cryptocurrency exchange is also means the conversion of cryptocurrency into your desirable currency may be dollar, rupees, yen, etc…
An exchange simply means a place where buyers and sellers can do their business by satisfying each other’s demands.
Coinbase, Kraken, bitstamp, coinMama etc… are the some famous cryptocurrency exchanges all over the world.
Top Cryptocurrency Exchange In India
Here are the some best cryptocurrencies in India-