Here come the cryptocurrencies that can be traded across the globe with high speed, accuracy, and no intermediaries!
The cryptocurrency was originally invented for the decentralized, peer-to-peer, safe, and secure transaction of assets across the globe without any time-lapse!
Let’s analyze how the centralized crypto exchanges like Binance, Coinbase, Bittrex, Kraken, and others operate!
Once the exchange platform performs the trading, it charges approximately 0.25% of the transaction fee, which is higher in terms of crypto assets.
When the buyer registers in crypto exchange for trading with the details, the request is accepted and considered as “buy order.” If there is a matching “sell order,” the exchange platform steps ahead with crypto trading.
If the seller is not satisfied with the buyer requests in the order book, he creates his own “sell order.” If the seller wants to withdraw the trade amount in fiat currency, he/she is charged a maximum of 0.25% fee for the transaction.
