What is a bitcoin exchange?

A bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins using different fiat currencies or altcoins. A bitcoin currency exchange is an online platform that acts as an intermediary between buyers and sellers of the cryptocurrency . The currency ticker used for bitcoin is either BTC or XBT.

How does bit exchange work?

In addition to depositing cryptocurrency to the platform, BIT Exchange also lets you deposit fiat currency. Both through wire transfer and credit or debit card purchases This makes BIT Exchange an easy place to start trading at for the new cryptocurrency traders out there - a so called "entry-level exchange".

Can US-investors trade at bit exchange?

According to information we have received, US-investors are indeed permitted to trade at BIT Exchange. Any US-investors should however also form their own opinion on this, as various state rules could also be an obstacle in their cryptocurrency trading. Every trading platform has a trading view.

What is a decentralized bitcoin exchange?

Decentralized bitcoin exchanges are those that are operated without a central authority. These exchanges allow peer-to-peer trading of digital currencies without the need for an exchange authority to facilitate the transactions. There are a number of benefits to decentralized exchanges.