How important are exchanges?

[JordanMychal]

It is the largest trading volume on the exchange, where you can easily buy and convert the currency you want, and there is a guarantee that the simplicity and convenience will not be unpopular, which promotes transactions between people.

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[Llhxsdr]

Most of my transactions are on exchanges. I feel that without an exchange, my transactions will become very troublesome. For our crypto users, the experience of the exchange is very good and convenient to trade.

[crunck]

Most of my transactions are on exchanges. I feel that without an exchange, my transactions will become very troublesome. For our crypto users, the experience of the exchange is very good and convenient to trade.

Despite the collapse of exchanges and the damage done to the market and investors, we will always need exchanges. Once we invest, we should accept all risks, if we can't accept the risk, stay away from it, don't complain or blame anyone. Cryptocurrency is a market full of scams and if we are not greedy no one can fool us. I mean take responsibility for your decisions, life is inherently fake. When I invest in cryptocurrencies, I prepare myself for any trouble.

[Trouvaille]

An exchange is a financial instrument that is the bank of cryptocurrencies. It provides a low-risk environment for investors and traders. Exchanges make it easy to buy and sell cryptocurrencies, their existence provides better popularity, and it also helps to Bitcoin’s popularity and popularity.

[eightdots]

Most of my transactions are on exchanges. I feel that without an exchange, my transactions will become very troublesome. For our crypto users, the experience of the exchange is very good and convenient to trade.

Despite the collapse of exchanges and the damage done to the market and investors, we will always need exchanges. Once we invest, we should accept all risks, if we can't accept the risk, stay away from it, don't complain or blame anyone. Cryptocurrency is a market full of scams and if we are not greedy no one can fool us. I mean take responsibility for your decisions, life is inherently fake. When I invest in cryptocurrencies, I prepare myself for any trouble.

What you said is true. There is no investment without risk. Especially in crypto, the risk is higher. I cannot imagine a crypto without exchanges. At least for now. I think of it as raising a baby. Stock markets are the most important tools to raise this baby. I don't know what will happen after a while, but right now I can't think of the stock market and crypto separately. Everyone should stand behind their decisions and be aware that they are taking risks.

[albertorma]

Yes, I would support the argument that the existence of exchanges are among the factors facilitating the popularity and accessibility that people have to bitcoins. Exchanges make it possible for people to buy and sell bitcoins easily, which helps to increase the popularity of the currency. Additionally, exchanges provide people with a way to use their bitcoins to purchase goods and services, which makes the currency more accessible.

[kotajikikox]

Bitcoins can exist without exchanges, but would you support the argument that the existence of exchanges are among the factors facilitating the popularity and accessibility that people have to bitcoins?

Not everyone has access directly to exchange or some had regulation , while in some countries they are being prevented from using local wallets to withdraw their coins so exchange will takes place .
I think there will be more of this problem in the future but exchange must exist to help others enters crypto.
and the offering of exchange to have other use to profit really helps us in many ways.
like me I use them for other profiting option and succeeding in some ways.

Most of my transactions are on exchanges. I feel that without an exchange, my transactions will become very troublesome. For our crypto users, the experience of the exchange is very good and convenient to trade.

yeah that's it .

[Valeriary]

I don't trust any unknown exchanges. Don't trust exchanges 100%. There are many examples of exchanges running away. Don't put too much of your money on exchanges either. Now many people have confused the meaning of the exchange and have begun to regard it as their own wallet, which is not safe.

[jokers10]

It will probably end up being a bit similar to how gold was treated in the century in which gold standard was used worldwide (around 1870s-1970s).

Maybe the Bitcoin standard will start in the 2020s.

Hardly. Main idea of fiat currencies is their inflationary nature, so any mistakes in financial governing can be solved at the expense of everyone by currency depreciation. So today's money should always be more expensive than tomorrow's money. Modern economics is also based on this system: you can get more money tomorrow and take expensive money on credit today and pay tomorrow with cheaper money. If they wanted to return golden standard they'd already done that, that's why they'll hardly implement Bitcoin standard.

[Newlifebtc]

Bitcoins can exist without exchanges, but would you support the argument that the existence of exchanges are among the factors facilitating the popularity and accessibility that people have to bitcoins?

It is now that people values exchange that will make people think that without exchanging bitcoin cannot be successful, let me say earlier this year we have a list of new exchanges, but in 2009 when bitcoin was introduced are there in 2012 my people started adopting Bitcoin no one nose more exchange like this but we we are using pair to pair without using interneting exchange it was moving successful so, so I believe not without a change Bitcoin can continue to stay

[BitDane]

An exchange is a financial instrument that is the bank of cryptocurrencies. It provides a low-risk environment for investors and traders. Exchanges make it easy to buy and sell cryptocurrencies, their existence provides better popularity, and it also helps to Bitcoin’s popularity and popularity.

Lol, exchanges aren't the bank of cryptocurrency, they are the marketplace of cryptocurrency.  That is the reason why many users of exchanges suffers a lot because they think that exchanges are like bank.  Exchanges are for trading not for keeping our funds.

Bitcoins can exist without exchanges, but would you support the argument that the existence of exchanges are among the factors facilitating the popularity and accessibility that people have to bitcoins?

It is now that people values exchange that will make people think that without exchanging bitcoin cannot be successful, let me say earlier this year we have a list of new exchanges, but in 2009 when bitcoin was introduced are there in 2012 my people started adopting Bitcoin no one nose more exchange like this but we we are using pair to pair without using interneting exchange it was moving successful so, so I believe not without a change Bitcoin can continue to stay

Exchanges hasten the adoption of cryptocurrency, it also boost the exposure and market presence of any cryptocurrency.  Yes during the earlier year, Bitcoin even without exchanges are being adopted by the process is very slow until crypto exchange is established and made different cryptocurrency accessible to people in just one click.

[nullama]

~snip~
Hardly. Main idea of fiat currencies is their inflationary nature, so any mistakes in financial governing can be solved at the expense of everyone by currency depreciation. So today's money should always be more expensive than tomorrow's money. Modern economics is also based on this system: you can get more money tomorrow and take expensive money on credit today and pay tomorrow with cheaper money. If they wanted to return golden standard they'd already done that, that's why they'll hardly implement Bitcoin standard.

We already have two countries which have Bitcoin as legal tender.

That means that people in those countries can simply live in a Bitcoin standard today, by receiving bitcoin for their goods and services and paying with bitcoin for goods and services.

[jokers10]

We already have two countries which have Bitcoin as legal tender.

That means that people in those countries can simply live in a Bitcoin standard today, by receiving bitcoin for their goods and services and paying with bitcoin for goods and services.

Yes it is so, but there's one additional aspect with this situation which is mentioned rarely: as Bitcoin is a legal tender and if fact a national currency in some countries then it became a foreign currency (and not a private currency or money surrogate) in jurisdiction of many other countries. It is important because formally there are much more options for Bitcoin to be used worldwide basing on that, for exchanges also. I'm sure this aspect will play its role in the future.

[nullama]

~snip~
Yes it is so, but there's one additional aspect with this situation which is mentioned rarely: as Bitcoin is a legal tender and if fact a national currency in some countries then it became a foreign currency (and not a private currency or money surrogate) in jurisdiction of many other countries. It is important because formally there are much more options for Bitcoin to be used worldwide basing on that, for exchanges also. I'm sure this aspect will play its role in the future.

It's never mentioned because it's not true. Bitcoin is not considered currency. There's a difference between legal tender and currency.

[Thuy Anh]

Crypto exchanges are ideal targets for hackers because they can steal huge amounts of cryptocurrency from them, and the odds of their success are higher than we think. Many crypto exchanges have continuously strengthened their protections and added insurance to their platforms.
Hardware wallets are a smart way to securely control your cryptocurrency.

[Crypto-Ivan]

I think there will be more of this problem in the future but exchange must exist to help others enters crypto.
and the offering of exchange to have other use to profit really helps us in many ways.

The existence of an exchange is very important, it is an integral part of the crypto industry. Exchanges make it easier and safer to buy and sell cryptocurrencies, promote the popularity and development of Bitcoin, and let more people know about cryptocurrencies. Without exchanges, Bitcoin’s transaction rate might be a fraction of what it is today. So exchanges are crucial to the encrypted economy.

[JavasetvenQ]

Bitcoins can exist without exchanges, but would you support the argument that the existence of exchanges are among the factors facilitating the popularity and accessibility that people have to bitcoins?

A centralized exchange is a global financial market without centralized institutions and government supervision. In addition, the digital currency market itself is also a high-risk financial activity. Just as Bitcoin developed because of the consensus, algorithmic mechanism based on mathematics. Therefore, the existence of an exchange has both advantages and great risks. For example, FTT time gives us a lot of safety tips. The necessity of the exchange cannot be ignored. So be careful, I currently use decentralized exchanges much more frequently than centralized exchanges.

[jokers10]

~snip~
Yes it is so, but there's one additional aspect with this situation which is mentioned rarely: as Bitcoin is a legal tender and if fact a national currency in some countries then it became a foreign currency (and not a private currency or money surrogate) in jurisdiction of many other countries. It is important because formally there are much more options for Bitcoin to be used worldwide basing on that, for exchanges also. I'm sure this aspect will play its role in the future.

It's never mentioned because it's not true. Bitcoin is not considered currency. There's a difference between legal tender and currency.

Yes, there is a difference, and not only currency can be a legal tender, but in this case Bitcoin is used in El Salvador as a currency if we look at most definitions of this word. Because generally currency is money used at some territory what is authorized by law at this territory. So Bitcoin is a currency of El Salvador.

[Mate2237]

Bitcoins can exist without exchanges, but would you support the argument that the existence of exchanges are among the factors facilitating the popularity and accessibility that people have to bitcoins?

The existence of exchange is to facilitate the transaction process fast, though it is not fast as p2p. Also some of the exchange platforms pay higher than p2p and that is one of the major reason people are using exchange platforms for their transactions. Another reason why people keep their coins in exchange platforms is because of the transaction fees. That instead of keeping the coins in a wallet and send to someone whenever you want to sell it and the charging fee in the transaction process whenever you send makes people to store their coins in the exchange platforms because some exchange platforms don't charge fees.

[nullama]

~snip~
Yes, there is a difference, and not only currency can be a legal tender, but in this case Bitcoin is used in El Salvador as a currency if we look at most definitions of this word. Because generally currency is money used at some territory what is authorized by law at this territory. So Bitcoin is a currency of El Salvador.

Here's the definition of legal tender from the Bank of England:

Legal tender has a narrow technical meaning which has no use in everyday life. It means that if you offer to fully pay off a debt to someone in legal tender, they can’t sue you for failing to repay.

Whereas currency is money:

Money in any form when in actual use as a medium of exchange, especially circulating paper money.

So you can pay with any form of money, say bitcoin, anywhere in the world in which the other party accepts it, but only in El Salvador and Central African Republic bitcoin has to be accepted for any debt.