A Crypto Currency exchange which is also known as digital currency exchange (DCE) is a business that allows the customers to trade crypto currencies for other digital currencies or any other assets like traditional currencies. Trading Platforms, Direct Trading, Brokers are the types of exchanges available across the globe. In Trading Platforms, for each transaction, the websites connects the buyers and sellers and collect charges from them. In Direct Trading, people can connect directly from across the countries and exchange currencies. The sellers set their own exchange rate. Broker’s websites are maintained by the brokers who set the price for the crypto currencies. People should remember about reputation, fees, payment methods and verification of the exchanges before trading online.
People need to discuss in forums about cryptocurrency exchange to get clarified on how the crypto currency exchange works. It is always a good practice to understand fee related queries on the exchange websites. Fees vary based on exchange that people use. Different websites provides several payment methods like debit card, credit card, wire transfer, Paypal. Any restrictions over the payment option might not be convenient for exchanges. Some websites allows the users to remain anonymous, whereas many exchange websites based out of US and UK requires some sort of ID for verification to make any deposit or withdrawal. Bitbuy and ChangeNow are the few reliable exchanges available for crypto currency.