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’m a highly experienced and successful crypto author with over 10 years of experience in the field. I have written for some of the most popular crypto publications, including Bitcoin Magazine, CoinDesk, and Crypto Insider. I have also been featured in major mainstream media outlets such as Forbes, Wall Street Journal, and Business Insider.
