Uploaded on Oct 16, 2018
Cryptocurrency exchanges are online platforms where you can exchange one cryptocurrency for another cryptocurrency. If you are interested in crypto exchange visit our site at www.bitex.global
What Is Cryptocurrency Exchange & How It Works?
PowerPoint Presentation
CRYPTOCURRENCY
EXCHANGE
What Is Cryptocurrency
Exchange?
• Cryptocurrency exchanges are
online platforms where you can
exchange one cryptocurrency
for another cryptocurrency.
• In other words, depending on
the exchange, it is either like a
stock exchange or a currency
exchange.
• A cryptocurrency exchange is
also known as a digital currency
exchange (DCE).
How Cryptocurrency
Exchange Work?
Crypto Exchanges Works
In Two Ways
1. Through a Decentralized Crypto Exchange (Pre-
Programmed Software)
• Decentralised exchanges allow
buyers and sellers to directly
trade cryptocurrencies with one
another without any third party
intermediaries to ensure all
trades are processed correctly.
• These exchanges would operate
solely with the exchange of just
cryptocurrency.
2. Through an Intermediary (Cryptocurrency
Company) – Fiat Exchange
• There are some
cryptocurrency exchanges
that act as an intermediary
between buyer and seller
and collect fees in order to
profit from these
exchanges.
• These types of exchanges
would operate as a fiat
exchange in which
physical currency can be
traded for the
cryptocurrency.
Advantages of
Cryptocurrency Exchange
• Low or no fees
• No central point of
authority with decentralized
exchanges means no
government interference
• No concentration of power.
They are completely run by
people.
• Decentralised exchanges
have more privacy.
Disadvantages of
Cryptocurrency Exchange
• Lower liquidity
(depending on the
exchange)
• Longer trade times
BITEX
EZBitex is the currency exchange and banking
infrastructure with a decentralized, distributed and
immutable ledger provided by Bitex, which underpins
the functioning of the entire system.
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