How do they work?Simple. The exchange software allows us to exchange one crypto for another, you can also buy and sell cryptocurrencies that you prefer. Some exchanges let you buy any cryptos (like BTC, ETH, etc) for either fiat or other cryptos. However, some are dedicated to only one cryptocurrency like the LocalBitcoin.Why is cryptocurrency exchange a lucrative business? Let’s find out here.Usually, the cryptocurrency exchange platforms earn from the transaction fee that they get on funds transfer. These platforms charge anywhere between 0.2 to 5 percent of the amount transferred. If you think this is a small amount and that the scope is too less, let me reveal a piece of shocking news!To know more catch us here:-Medium

Destini Volkman

By Destini Volkman

I have 10 years of experience in writing about Cryptocurrencies, and I have a wealth of knowledge to share with my readers. I am a highly respected member of the Crypto community, and my work has been featured in major publications such as The Wall Street Journal, Forbes, and Business Insider. I am passionate about helping people understand the complex world of Cryptocurrencies, and I firmly believe that everyone should have access to this information. In my free time, I enjoy reading, traveling and spending time with my family and friends.