
Cryptocurrency exchanges are platforms that allow you to buy, sell or exchange bitcoins and other cryptocurrencies, altcoins with each other or in Fiat currencies.
Cryptocurrency exchanges differ in centralization, customer requirements, special trading functions, and so on.
There are the following types of exchanges for buying cryptocurrencies:
– On-site exchange is suitable for beginners and novice traders. A characteristic feature of such an exchange is that payments are made at the time of the transaction.
on the place Exchanges to buy cryptocurrenciesPopular: Binance.com, Coinbase.com, Kraken.com, Yobit.com.
– Exchanges are designed for futures / options trading.
Here transactions are produced using derivatives. An agreement is made, the fulfillment of the terms of which one party is obliged to transfer the cryptocurrency to the other party within the time period determined by the agreed value. Trading in derivatives does not make traders the owners of the underlying asset, but allows them to generate market exchange rate changes and ensure risk hedging.
Futures are contracts for the sale or purchase of an asset at a price agreed upon in the future; they are permanent and can be traded at any time. Options, unlike futures, do not oblige traders to buy a particular asset, but allow it to do so.
Futures Exchanges to buy cryptocurrencies: Binance Futures, FTX.COM, Deribit.
– Cryptocurrency exchanges with marginal trading
During margin trading, the trader takes out a loan with any amount secured by the existing balance finances. This loan is only available for trading on the same type of exchange.
Some cryptocurrencies allow you to use a loan to transfer money from a spot account to a margin account.
On others Exchanges to buy cryptocurrencies You must first transfer the amount to a separate margin account and only then use the loan.
Crypto exchanges with margin trading: Binance Futures, PrimeXBT, Poloniex.
List Exchanges to buy cryptocurrencies Popular for the Russian Federation:
1. Binance is a leader in spot trading.
2. Jobit.
3. Coinbase is transparent to the government, so be prepared to verify transactions.
4. Binance Futures supports several types of agreements / contracts.
5. Kraken is the oldest cryptocurrency exchange, a leader in spot trading.
Published: 04/05/2022
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source: Freelance Job
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