How do they work?Simple. The exchange software allows us to exchange one crypto for another, you can also buy and sell cryptocurrencies that you prefer. Some exchanges let you buy any cryptos (like BTC, ETH, etc) for either fiat or other cryptos. However, some are dedicated to only one cryptocurrency like the LocalBitcoin.Why is cryptocurrency exchange a lucrative business? Let’s find out here.Usually, the cryptocurrency exchange platforms earn from the transaction fee that they get on funds transfer. These platforms charge anywhere between 0.2 to 5 percent of the amount transferred. If you think this is a small amount and that the scope is too less, let me reveal a piece of shocking news!To know more catch us here:-Medium
I have 10 years of experience in the field of cryptocurrency and have written for many different publications. I am currently the Head of Research at a major cryptocurrency exchange. In my free time, I enjoy writing books on this subject.
