When we talk about the term Cryptocurrency Exchange, it means an online platform where one can exchange one Cryptocurrency to another or to any other fiduciary currency.

1. Cryptocurrency Exchange
Guide for Complete
Beginners!
1. Traditional Cryptocurrency Exchanges
2. Cryptocurrency Broker
3. Direct Trading Platforms
4. Cryptocurrency Fund
Published By:
www.evonax.com

2. Today the world is
divided by fiat currency
and united by the
Bitcoin cryptocurrency.
Cryptocurrency means a
digital asset designed to
work as a medium of
exchange using strong
cryptography to secure
financial transactions,
control the creation of
additional units and
verify the transfer of
assets.

3. When we talk about the
term Cryptocurrency
Exchange, it means an
online platform where
one can exchange one
Cryptocurrency to
another or to any other
fiduciary currency. Prices
of Cryptocurrency have
been influenced by factors
like speculations,
regulations, adoption, coin
upgrades, spreading of
FUD (Fear, Uncertainty
and Doubt) and raising
multiple security concerns
due to hacking by the
media and prominent
business personalities.

4. Following are the top 5
trending
cryptocurrencies: -
B i t c o i n E t h e r e u m
L i t e c o i n M o n e r o
D o g e c o i n

5. Traditional
cryptocurrency
exchanges are the types of
exchanges that behave
like traditional stock
exchanges where buyers
and sellers trades are
based on the current
market price of
cryptocurrencies and the
exchange acts as the
middle man charging a fee
for each transaction.
Traditional
Cryptocurrency
Exchanges

6. Cryptocurrency brokers
pose as dealer networks
that are devoid of
centralized schemes -
Cryptocurrency brokers
are a kind of website
based on an exchange that
is similar to the currency
exchange at big-scaled
network businesses such
as Airports and Railways.
Popularly known as over-
the-counter (OTC) market,
Cryptocurrency
Broker

7. Direct trading platforms
are the types of exchange
platforms that offer a
direct peer-to-peer trading
system between buyers
and sellers. Essentially
used to exchange financial
property through a
network via
intermediaries, it is
extremely easy to carry
encrypted financial
exchanges on direct
trading platforms.
Direct Trading
Platforms

8. Cryptocurrency funds
are a type of exchange in
which an adaption of
traditional funding
schemes is adopted
which makes it easy for
new investors to
negotiate the tempting
new class. In simple
words, it means the
crypto fund will buy
and sell coins instead of
us buying and trading
them.
Cryptocurrency
Fund

9. It is a decentralized
block chain which is a
secure in private
currency system. It has a
special kind of
cryptography that
ensures its users
complete anonymity
while doing
transactions. It was
launched on 18th April
2014.
Monero
Cryptocurrency

10. a) Privacy- It gives its users
complete anonymity while
doing transactions which
can be termed as its USP.
b) Fungibility- It is another
interesting feature of
Monero Exchange which
means equal units of all the
Cryptocurrency should be
valued equally despite their
source uses or any other
effect.
c) Decentralization- Most of
the Cryptocurrency acquires
the characteristics of
decentralization but within
a limited degree.
The key features
of Monero
cryptocurrency are:

11. The only ticket (Shortening)
for Monero is XMR. Some of
the important steps to
use Monero Exchange are –
1. You should create an
Exchange account for
transferring your funds to any
Monero exchange.
2. The exchange user will get
a payment ID by any exchange
that supports Monero
currency. This payment ID is a
unique identifier of each user.
3. Always use the latest
version of the software as
some of the old clients of
Monero do not have payment
ID field.
XMR
(Monero Exchange)

12. 4. We should also
understand that there can
be different exchange
pairings on varied exchange
resources.
There are
many cryptocurrency
exchange platforms that
offer to Convert Monero
To Bitcoin currency. With
fault tolerance, these
exchanges have flawless
uptime and high
availability so as a
cryptocurrency beginner
can be at easy while
initiating any crypto
transaction for the first
time.
XMR
(Monero Exchange)