How do they work?Simple. The exchange software allows us to exchange one crypto for another, you can also buy and sell cryptocurrencies that you prefer. Some exchanges let you buy any cryptos (like BTC, ETH, etc) for either fiat or other cryptos. However, some are dedicated to only one cryptocurrency like the LocalBitcoin.Why is cryptocurrency exchange a lucrative business? Let’s find out here.Usually, the cryptocurrency exchange platforms earn from the transaction fee that they get on funds transfer. These platforms charge anywhere between 0.2 to 5 percent of the amount transferred. If you think this is a small amount and that the scope is too less, let me reveal a piece of shocking news!To know more catch us here:-Medium

Sharon Cronin

By Sharon Cronin

I’m a highly respected authority on all things crypto. I’ve been writing about Bitcoin and other digital currencies for years, and my insights have helped countless people make informed decisions about their investments. I’m also a sought-after speaker on the topic, and I’m passionate about helping others understand the complexities of space. If you're looking to learn more about cryptocurrency, you can follow me!