A crypto trading platform serves as a marketplace where users can exchange one cryptocurrency for another or for fiat currency (such as USD, EUR, etc.).
Cryptocurrencies are traded in pairs, such as Bitcoin (BTC) to Ethereum (ETH) or Bitcoin to US Dollar (BTC/USD).
Platforms offer various order types, including market orders (executed immediately at the current market price) and limit orders (executed when the price reaches a specific level set by the user).
Platforms offer various order types, including market orders (executed immediately at the current market price) and limit orders (executed when the price reaches a specific level set by the user).
Many platforms offer integrated cryptocurrency wallets for storing and managing digital assets.
Liquidity is essential for smooth trading. Established exchanges often have higher liquidity, meaning there are more buyers and sellers, making it easier to execute large orders without significantly affecting the market price.
They implement measures like two-factor authentication (2FA), cold storage for assets, encryption, and regular security audits to protect users' funds and data.