What is a cryptocurrency exchange?

What is a cryptocurrency exchange?

What is a cryptocurrency exchange?

A cryptocurrency exchange is a market for exchanging cryptocurrencies with each other. In the exchange, buyers and sellers (or demanders and suppliers) can do transactions, buy and sell directly or indirectly various cryptocurrencies each other such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and other tokens …

Top 5 cryptocurrency exchanges in Asia

1.   Binance

Binance Exchange is one of the popular cryptocurrency exchanges in Asia, specializing in trading with over 45 currencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Binance Coin (BNB).

Binance provides cryptocurrency wallets to its traders, where they can store their cryptocurrencies.

Binance owns its own token, Binance Coin.

The exchange also has support programs to help traders make investment decisions.

2.   NEEX – The trending Cryptocurrency Exchange in Asia

NEEX is a leading P2P exchange in Asia and is considered to be a trading place for USDex and other cryptocurrencies such as NEE, Bitcoin, Ripple, Etherium, Paya, 9Token, and so on. It’s a place where we can use currencies of each country to buy and sell cryptocurrencies easily and quickly with a simple and optimal interface.

With the aim of providing the market with an intermediary trading solution, the nation’s currencies will be replaced by USDex.

THE Peer-to-peer P2P platform is transparent for a free trading community and provides tools, confidentiality, and absolute safety for users.

NEEX is built by highly specialized teams with experience working in professional banking systems and in building systems of finance, payment, cryptocurrencies, and software applications.

Currently, NEEX is available in many countries such as the UAE, India, Korea, Japan, The Philippines, Vietnam, Cambodia, Malaysian, Indonesia, Taiwan, and is being developed and expanded every day.

3.   Bittrex

Bittrex is one of the largest exchanges in the cryptocurrency market, competing with Binance.

With many trading pairs and alternative coins available, plus a relatively easy-to-use interface, Bittrex is the ideal place for both new users who want to buy altcoins and those with cryptocurrency trading experience.

The company was founded in 2013 by Bill Shihara and two other business partners. The founders previously worked as security experts for Microsoft before deciding to open a cryptocurrency exchange. Bittrex is based in the United States but is not governed by U.S. securities laws.

4.   BitFlyer

BitFlyer is Japan’s most popular exchange and one of the largest exchanges in the world. BitFlyer expands to the United States, with approval to operate in 42 states. A key feature is the binding of trading instruments to the Japanese yen. The platform has a number of advanced tools, including margin trading. Despite focusing on the Japanese market, BitFlyer’s low commissions attract traders from different countries around the world.

5.   OKEx

OKEx is a leading cryptocurrency exchange, providing advanced financial services to traders across the globe using blockchain technology.

OKEx provides hundreds of token & futures trading pairs to help traders to optimize their strategy. We are also one of the top digital asset exchanges by trading volume, serving millions of users in over 100 countries. Our BTC futures trade has nearly $1.5B of volume daily and is widely recognized as the gold standard for the industry.

We have listed all 5 leading cryptocurrency exchange in Asia because the information gathering process is analyzed and screened at a certain time, so it is difficult to avoid errors and subjectives. Therefore, we hope to receive the understanding of the readers and hope that this article will bring useful information for those who are looking for a cryptocurrency exchange.

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