Exchange Cryptocurrencies

Crypto exchanges, which can also be defined as exchange houses, are based on users opening an account on the platform of their choice. There, they deposit funds, whether cryptocurrencies or Mexican pesos , to buy or sell the assets.

Another doubt that arises is who is involved in cryptocurrency exchanges . Since they act as intermediaries between buyers and sellers to ensure that transactions are carried out safely and reliably, the main actors are: you, the intermediary (exchange) and the receiver. 

Another characteristic that helps define what the crypto exchange is is that they offer market analysis tools, graphs and other functions to help those interested make informed decisions with the aim of operating in a more accurate way.

To illustrate the above, exchanges such as binance, coinbase, kraken, kucoin, Bitso , for example, share daily analyzes on the performance of a cryptocurrency such as the maximum value it reached in the last 24 hours or how many are in circulation. This helps you know how the asset is valued and whether its price is rising or falling.