What is the difference between quick Trade and exchange in ZebPay?

Additionally, the open order book model promotes price discovery, as traders' buy and sell orders contribute to shaping the market price of cryptocurrencies. This, in turn, enhances market efficiency and provides a more accurate reflection of the true value of the assets being traded.

The open order book exchange system operates on the principle of direct interaction between users. Here, traders can buy and sell cryptocurrencies directly from or to other users on the platform. This model offers a transparent and decentralized trading experience, allowing market participants to set their own prices and execute trades based on mutual agreement.

Among the top cryptocurrency exchanges offering these services is BTCC. BTCC is a reputable platform that offers a range of services, including spot trading, futures trading, and cryptocurrency wallets. Its spot trading platform operates on an open order book model, allowing traders to buy and sell cryptocurrencies directly from other users on the exchange.

In contrast, the instant buy-sell or Quick Trade model provides a more streamlined and efficient trading experience. In this system, traders buy and sell cryptocurrencies directly from the exchange at the prices set by the platform. This eliminates the need for extensive negotiation and waiting for matching orders, making it an attractive option for traders seeking quick and easy transactions.

The open order book method, however, offers greater flexibility and control to traders. By placing a limit order, traders can specify the exact price they are willing to buy or sell a cryptocurrency at. This allows them to set their own price targets and execute trades based on their own market analysis and trading strategies.