Exchanges and How to Buy Crypto
How Exchanges Work and Trading
In both types of exchanges, trading involves buying and selling cryptocurrency. The process works like this:
1. Choose the Amount
Decide how much cryptocurrency you want to buy (e.g., Bitcoin or Ethereum).
2. Place an Order
There are two main types of orders: Market Order: Buy or sell the cryptocurrency immediately at the current price. Limit Order: Set a specific price, and the exchange will execute the trade only when the cryptocurrency reaches that price.
3. Order Matching and Completion
Once your order is matched with a seller (for a buy order) or a buyer (for a sell order), the trade is completed, and the cryptocurrency is transferred to your wallet.
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