Exchange (crypto)


A crypto exchange acts as the intermediary between a seller and a buyer or, in cryptocurrency language, between a “maker” and a “taker.” A bitcoin exchange works like a brokerage, and you can deposit money via bank transfer, wire, and other common means of deposit.

Glossary Term used in a sentence

‘’Essentially, cryptocurrency exchanges assist traders in acquiring or selling their bitcoin holdings.’’

‘’There are a lot of cryptocurrency exchanges out there, but just a few that we think make sense for long-term crypto investors.’’

‘’If you live in the United Kingdom and want to trade Bitcoin, you’ll need to open an account with a reputable UK crypto exchange.’’

History of exchanges

Currently there are a lot of options for converting our cryptocurrency to fiat money and vice versa, but this was not always the case. In the early days, October 12 2009; New Liberty Standard buys a total of 5.050 BTC from Sirius for $ 5.02 using PayPal, which is the first transaction via an exchange. For further research regarding the history of exchanges read the following article



Bryan indulges in every bit of crypto-related news and material he can lay his hands on. As such, he often shares his views and advice through the onXRP content platform. He is a firm believer in crypto’s potential in the financial and economic world. With 5 years of experience in investing and trading Bryan brings excellent insights to the table. He is excited to bring much of this knowledge and many of his skills to the onXRP platform.