SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCnet FEATURE

TMCNET eNEWSLETTER SIGNUP

April 23, 2018

Understanding Exchanges and its prospect in the future

Trading with Bitcoin, Ether and other cryptocurrencies, increases unstoppably, and in turn, the places where you can make exchanges with the new cryptocurrency: the Exchanges. There are three basic ways to get hold of cryptocurrencies: buying one of the existing Exchanges, receiving Bitcoins or other cryptocurrencies as payment for a job, or mining. Any of these formulas, will provide us with real currencies, with which to exchange products or services in the network. Outside the network, cryptocurrencies still do not have much acceptance, but little by little...



The fact is that, if we want to benefit from the rise and fall of a cryptocurrency, we do not have to go to the usual Exchanges, we can speculate with them. Speculation with cryptocurrencies, to some extent, can be dangerous, due to the volatility of these markets. To make trading with Bitcoin, you have to be an experienced trader, however, to invest in Bitcoin, Ethereum or Litecoin, to name some of the most popular cryptocurrencies, it is not necessary to have a great stock market knowledge, but we must acquire currencies in some of the most important Exchanges.

What are cryptocurrency Exchanges?

The Exchanges are exchange houses, where we can buy cryptocurrencies. Most of the Best Cryptocurrency Exchanges admit Euros or dollars to buy, but in some of them, they only admit the payment with Bitcoins. In that case, it is necessary to have acquired the Bitcoins in another Exchange or have obtained them through an exchange, or by the most difficult method, mining Bitcoins.


All exchange houses that accept payment by legal tender, operate with a procedure that identifies customers: Know Your Customer-KYC. This process of identification, is necessary and mandatory, to open an account in any of the Exchange, and aims to prevent money laundering.
The process of opening an account is quite similar to what we must do to open a bank account.
Because of the experiences that are read through the network, the mechanism for small accounts is quick and simple, but when you want to move large volumes of capital, the processes are longer and can be quite annoying.

Main Exchanges to operate with cryptocurrencies

The investment in cryptocurrencies, increasingly attracts more and more people. It is possible that Bitcoin is in bubble mode, but who knows? What is the roof of Bitcoin? And the rest of cryptocurrencies?

Many investors prefer not to wonder if the Bitcoin is expensive or cheap, they simply think that it can continue to rise much more. To invest in cryptocurrencies, it is necessary to do so through some of the multiple Exchanges. These are the most prestigious, and that highest level of security offer:


Cryptoder

Cryptoder is the leading Spanish company in the purchase and sale of cryptocurrencies. In its offer Cryptoder has 20 of the most popular cryptocurrencies in the world. Through Cryptoder, anyone can buy and sell cryptocurrencies easily, safely and quickly using different payment methods such as Skrill, Neteller and bank transfer. They also offer 10 Euros bonuses for new customers; thanks to this bonus the first transactions are free.


Coinbase

Coinbase is available in more than 30 countries. It is considered the largest Bitcoin Broker in the world, and it is possible to connect a bank account to the platform, being able to make SEPA transfers to buy Bitcoins.

Its main advantages: the platform has great liquidity, it is easy to register and you can buy Bitcoins quickly with a credit card. In addition to buying Bitcoins from the platform itself, you can participate in the "Coinbase exchange" section, in which bids are made between users of the platform.
 

» More TMCnet Feature Articles

SHARE THIS ARTICLE

LATEST TMCNET ARTICLES

» More TMCnet Feature Articles






Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy