List Bitcoin Exchange One of the most interesting things about the cryptocurrency world is how difficult it can be to buy your first coins, but just how easy it is to switch between those coins. What are Bitcoin exchanges? The term Bitcoin exchange has quite a bit of confusion around it.
While a Bitcoin exchange could technically be a service where you trade your fiat currency — meaning government issued currency — for Bitcoin, most people use the term Bitcoin exchange to refer to services that let you trade your Bitcoin for other cryptocurrencies, or altcoins. It really just comes down to the exchange.
How do Bitcoin exchanges work? With most Bitcoin exchanges, the functioning is simple. You credit your account with a cryptocurrency of choice, you exchange it for another, and then, if you want to, you withdraw that.
Some exchanges might fulfill the trades themselves, accepting your coins slightly below market price and selling them on later to create a profit margin. Read More