What is the difference between a crypto wallet and a crypto exchange?
Crypto wallets are digital storage services used for securely storing cryptocurrencies like bitcoin in the form of private keys. On the other hand,...Read more
Which is the best crypto exchange?
When it comes to crypto exchanges, no one exchange fits them all. It is because no trader is alike as they have their preferences. Thus, depending...Read more
Is BitMEX cryptocurrency exchange banned?
Bitcoin Mercantile Exchange or BitMEX is known for high liquidity and leverage. Despite the many benefits, BitMEX is banned for the citizens of the...Read more
What is cryptocurrency?
Cryptocurrencies are a subset of digital currencies and, as such, have no physical representation. They may be used for online or in-person transactions with any vendors who accept them.
What is a crypto-to-Fiat pair?
Crypto-to-Fiat: If a pair consists of one cryptocurrency and one fiat currency, then it is referred to as a crypto-to-fiat pair. The fiat currency typically consists of the US dollar, as this is the de-facto currency in the space.
What are crypto-cross pairs?
Crypto-Cross: If you were to trade the value of one cryptocurrency against a competing cryptocurrency, this is known as a crypto-cross pair. For example, if you wanted to trade the value of Bitcoin against Ripple, you would be trading BTC/XRP. It’s best to avoid crypto-cross pairs as a beginner, as these are more challenging to trade.
Can you buy Cryptos with traditional currencies?
However, as of 2021, users can buy cryptos using traditional currencies. Nevertheless, to avail of this option, users must verify their bank’s savings account detail. Bittrex is one of the best crypto exchanges as it offers 250+ trading pairs.