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Author Topic: How do crypto exchange help a cryptocurrency?  (Read 979 times)
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August 11, 2018, 09:57:12 PM
 #21

Crypto market is the soul for the cryptocurrency. Without it, Bitcoin cannot reach this point. Crypto markets basically handle demand and supply for each user in the market which also decides the current price of the currency. Bitcoin exchange basically takes your coin and exchanges with other altcoins or physical currency.

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August 11, 2018, 11:02:41 PM
 #22

An exchange is a place where cryptocurrencies can traded. A typical exchange implements safe methods of trading where every trader can buy or sell various cryptocurrencies by the best market prices so I consider that the main purpose of an exchange is to organize a safe and reliable place for trading. I do not think that an exchange has to help any cryptocurrency because it is not a task of an exchange.

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August 11, 2018, 11:21:20 PM
 #23

These exchanges have larger volumes relatively. People find such exchanges as trustworthy so most people get to trade there. When a coin is listed on such exchanges people see those coins easily and prices are likely to go up because many traders use those exchanges.
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August 11, 2018, 11:28:59 PM
 #24

The market demand and supply availability is calculated with the volume of respective cryptocurrency under circulation through different cryptocurrency exchanges. More the trading volume, more will be the growth of the cryptocurrency, also getting listed on large number of exchanges will let the user have higher level of trust over specific asset which helps in attracting more investors.

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August 11, 2018, 11:37:42 PM
 #25

Exchange sites benefits crypto currency by exchanging it onto another coins/tokens that you prefer to be. Aside from that, traders from different coins/tokens can make profits into it. Theres a lot of coins/tokens at the markets and some of them are has a potential to grow in the futute. Meaning without exchange site, you cannot exchange it into your own money to withdraw.
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August 11, 2018, 11:38:36 PM
 #26

Crypto market is the soul for the cryptocurrency. Without it, Bitcoin cannot reach this point. Crypto markets basically handle demand and supply for each user in the market which also decides the current price of the currency. Bitcoin exchange basically takes your coin and exchanges with other altcoins or physical currency.
In addition, exchange is something that make cryptocurrency visible still alive/used by everyone. In fact that i've see, there's no one want to buy/invest on coin that not listed on an exchange. high risk and likely to die, it's more frightening than gambling Roll Eyes


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August 11, 2018, 11:43:40 PM
 #27

crypto exchange provides a platform for crypto users to trade cryptocurrencies and/or fiat
trade volume shows liquidity which may help a cryptocurrency to gain values and supporters
and by having a "trusted" platform, users may benefit some degree of security while trading

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August 12, 2018, 03:06:45 AM
 #28

I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?

Crypto exchange or digital currency exchange (DCE) is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money, or different digital currencies. They can be market makers that typically take the bid-ask spreads as transaction commissions for their services or simply charge fees as a matching platform. DCEs may be brick-and-mortar businesses, exchanging traditional payment methods and digital currencies, or strictly online businesses, exchanging electronically transferred money and digital currencies.

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August 12, 2018, 03:07:10 AM
 #29

Exchange help us to trade our crypto with others peoples around the world. Right now, exchange is profitable bussiness because transaction on crypto market growing bigger. Crypto exchange is like a bank in crypto world where we convert our crypto to fiat or others crypto

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August 12, 2018, 04:08:12 AM
 #30

I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?
For a new token or just finished from the ICO process, this will provide a good pump for tokens received by large exchanges such as Binance or Bittrex.

In addition, an exchange will make it easier for users to exchange money for money fiat. An exchange like binance or kraken and bittrex are very popular with traders cryptocurtency because they have a high volume compared to local exchange which is only used by a few users. I guess an exchange has no special function that will provide cryptocurrency, such as an increase in price. Only a place to facilitate cryptocurrency users.

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August 12, 2018, 05:16:59 AM
 #31

I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?

Thats a good question. Exchangers are actually playing big role in the coin evolution because that is the only platform which connects the investors and projects by bridging them. I think this way people benefit from trading the coin and profiting themselves while on the other hand crypto currency gets invested heavily and they ultimately raise the funds for project development. So its like the portal from where crypto currency can gain the value for themselves. Apart from this people do come to know which coin exists in the market and which is great from all of them, by means of volume, orders, value etc.
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August 12, 2018, 05:58:15 AM
 #32

I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?
This will help more investors to invest or do trading as they can easily convert their coins into other currency or cash out into fiat if they need real money. Crypto currency exchanges has been the phenomenal business in crypto as we can see many ICOs that will launch new exchanges.

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August 12, 2018, 06:03:00 AM
 #33

I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?

They grow the volume of particular coin heavily and when it comes to the Binance like exchanger then it is best of all time. I have seen and observed that whenever the coin gets listed over the binance then it hikes by 20-40% or more in single day and this is because binance has huge user base and it is pushing the market to higher levels very quick as many people go and invest into it in very short period of time. This is what coins benefit is when it gets listed over the exchanger. It actually gains more investors as compared to the ICO period and thus make it bold, and liquid project.

   

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August 12, 2018, 03:38:25 PM
 #34

if many are exchanging, it means that there are many interested ones. and if there are many interested people and many get results from it, there will be more and more people who want to know about cryptocurrrency.
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August 12, 2018, 03:55:00 PM
 #35

I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?

Well crypto exchange is a non-physical exchanger for the tokens that you have to be a useable cryptocurrency which you can used to convert to you fiat and used it as your source for your necessitites which is okay that it may able ofr us to have a consumeable currency, if exchanger doesn not exist it is impossible for us to use bitcoin in real world given that nowadays entities that uses Bitcoin ks very limited.

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August 12, 2018, 04:35:12 PM
 #36

Its like a banks when the banks so many at place somr people easy to transaction,then the exchange listes much altcoin so many people easy transaction
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August 12, 2018, 10:28:04 PM
 #37

crypto exchange provides a platform for crypto users to trade cryptocurrencies and/or fiat
trade volume shows liquidity which may help a cryptocurrency to gain values and supporters
and by having a "trusted" platform, users may benefit some degree of security while trading
Like what you shared the platform for, you need absolute trust. To avoid the loss will happen. When supported by the community, it is possible to exchange crypto exchange to help with electronic money...
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August 12, 2018, 10:40:13 PM
 #38

I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?

Of course a big exchange really helps crypto currency trading every day and makes crypto currency more famous. Therefore, of course the exchange has a large supporting ability for the crypto currency.
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August 15, 2018, 09:16:20 PM
 #39

Crypto market is the soul for the cryptocurrency. Without it, Bitcoin cannot reach this point. Crypto markets basically handle demand and supply for each user in the market which also decides the current price of the currency. Bitcoin exchange basically takes your coin and exchanges with other altcoins or physical currency.
It all belongs to the modern era Blockchai technology. The electronic money market has since come out, then accelerates the projects of other currencies. Bitcoin is well received by the community. So it has great value for the electronic money industry.

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September 06, 2018, 01:43:09 PM
Last edit: September 06, 2018, 02:17:01 PM by crypteris
 #40

I hardly can say that cryptocurrency exchange somehow helps coins. It rather eases the process of acquiring cryptos for traders, not more than that.
Exchanges, like those you've mentioned, perform an intermediary function between buyers and sellers. Roughly speaking, it's like going shopping: you want to buy some stuff, and there's a shop that have it, with a person eager to sell it. Only instead of products exchanges provide cryptocurrencies and seller is not a person but a group of people who use the service.
I would recommend you visiting one of them and look how it's designed, what it offers, and what purposes it can be used for. Let's give an example – CEX. This website is rather simple in use. What I like about them is the option of buying cryptos for fiats (USD, EUR, GBP etc.). By the way, they updated some of their payment methods, check it: https://cex.io/wires-campaign/.
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