What is a cryptocurrency exchange?

Cryptocurrency exchanges are online platforms used to buy and sell cryptocurrency. These platforms are intermediaries between the buyer and seller, allowing users to trade cryptocurrencies using fiat money or altcoins. Many investors opt to use cryptocurrency exchanges due to their relatively low trading fees.

Is XT a good cryptocurrency exchange?

With over 3 million registered customers worldwide and approximately 400,000 monthly active users and a user base of 13 million members, XT.com ranks highly on popular cryptocurrency tracking and platforms such as CoinMarketCap. XT.com exchange is a centralized cryptocurrency exchange similar to Binance, OKEx, Kucoin and Gemini.

Should you trade on a crypto exchange?

That means deciding to trade on a crypto exchange, and learning how you will use it. Exchanges work similarly to a broker, giving you the tools to buy and sell cryptocurrencies like Bitcoin, Ethereum, and Tether . The best cryptocurrency exchanges make it easy to buy and sell the currencies you want with low fees and strong security features.

Do crypto exchanges have liquidity?

One characteristic of crypto exchanges that can be overlooked is whether they have liquidity. You want to make sure you're able to sell your cryptocurrency whenever you want and at the best price. This requires the exchange to have enough trade volume, and often the more popular crypto exchanges will have higher liquidity.