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Author Topic: How do crypto exchange help a cryptocurrency?  (Read 977 times)
Uhde
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September 24, 2018, 01:31:10 PM
 #61

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?


cryptocurrencies are based on blockchain technology and can be traded on centralized and decentralized exchange platforms. exchange platforms provides a structure for the people that adapted to crypto world, such as traders, holders and other crypto investors.

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September 26, 2018, 02:20:00 AM
 #62

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?


In my own understanding exchanger is place were you can convert all you token or coin into a type of any crypto currency. Example you joined a bounty campaign from their they will paid you token, most of the time bounty use token as a salary for their participant. After ico's was ended you will need to wait until that token had enter to any exchanger from their you can deposit all your token then, thats the time that you can convert your token into crypto currency most of the time they choose bitcoin because it has a great market value of all types of crypto currency.
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September 26, 2018, 02:27:37 AM
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Exchange would determine how valuable the coin or tokens are. It is were we can trade to BTC/USD or other altcoins or tokens. It will indeed help cryptocurrency boost and be accepted more in the society.
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