TYPES OF EXCHANGES

With the appearance of cryptocurrencies, the need arose for the existence of platforms that allowed the practical possibility of buying and exchanging them in an easy and accessible way. The so-called cryptocurrency exchanges were then developed, also known as exchange platforms or markets, which are digital platforms that allow the exchange of digital currencies for fiat money and/or other cryptocurrencies or merchandise.

These are generally centralized platforms, which can have an automated dynamic very similar to that of other types of investment platforms (such as the so-called "crypto-exchanges"), based on mechanisms that facilitate the purchase and sale of person to person through systems of announcements, scoring and guarantee deposit or even go to a buy and sell scheme of a company to person.

Cryptocurrency exchanges work like traditional exchanges. On many of these platforms, cryptocurrency buyers and sellers can place limit orders or market orders. And the brokerage process works as it would with any other type of asset. The cryptocurrency exchange helps with the transaction and the collection of fees. The difference is the underlying asset: Bitcoin, Ether, DIVI, or whatever cryptocurrency the platform has available.

A cryptocurrency exchange works 24 hours a day, 7 days a week, that is, it never closes. One of the reasons users like it is its anonymity. No one knows who the buyers and sellers are on cryptocurrency exchanges. And on the other hand, modern technological solutions such as cryptography ensure that transactions are secure.

Types of cryptocurrency exchange
There are several types of exchange. These types and their main characteristics are listed below.

1. Traditional cryptocurrency exchanges
   It is a platform that serves as an intermediary between users who want to sell cryptocurrencies and those who want to buy.
   The purchase or sale value is established by the users themselves. And the platform is the one in charge of "linking" purchase and sale operations that are correlated. A commission per operation is charged for this service.
   Operations can be carried out using only cryptocurrencies or also fiat money (currencies, euros, dollars, etc.).

2. Cryptocurrency broker
   The second type of exchange is the so-called cryptocurrency brokers. It owns cryptocurrencies where users directly buy or sell cryptocurrencies according to the prices that the platform has established in advance. Likewise, a commission will be charged for this type of service.

3. OTC or Over-the-Counter
   A final type of exchange is the so-called Over-the-Counter platforms. In this case, they look like traditional OTC platforms. And it is that they offer a meeting point between buyers and sellers. This guarantees a direct negotiation between all parties, as well as a good level of privacy. Typically, this type of service is used for large volume operations.

4. Dex or decentralized exchange
   One way that exchanges have evolved is through decentralization. A final type of exchange is decentralized ones. These do not have intermediaries and the platform is self-supporting due to its programming. They also have high levels of privacy and even anonymity. This type of exchange arose with the appearance of DApps and the ability to decentralize and program advanced computational functions thanks to the use of smart contracts.

Now that we know better what a cryptocurrency exchange is and its types, it should be noted that among them a platform that is currently very in vogue stands out: Kucoin Exchange

KuCoin is a cryptocurrency exchange platform that is exclusively dedicated to this area. That is, you can only use it to exchange cryptocurrencies, without involving other fiat currencies. It is an exchange available for the international market. The founders of this company are a group of blockchain technology enthusiasts who have already worked for other greats in the industry such as Ant Financial and GF Securities. In recent months, KuCoin has become one of the traders' favorite exchanges. In addition to its pretty solid performance, it is one of the platforms that adds the newest cryptocurrencies to its list. Many tokens from ICO offers are quickly added to KuCoin. This platform responds to the need for a safe, stable, innovative, and well-performing site.

Often referred to as the People's Exchange, KuCoin now offers crypto-related services such as crypto to crypto, fiat to crypto, futures trading, betting, lending, etc. The exchange has one of the most impressive trading pair selections in the world, with more than 250 supported currencies and 440 trading pairs. KuCoin was backed by two giant traditional venture capitals when it launched: IDG Capital and Matrix Partners.

Amid this context, KuCoin is proud to announce another great project that will come to its trading platform. DIVI is now available on KuCoin! The supported trading pair is DIVI/USDT.

Built with humans in mind, DIVI’s solutions are solving the issues of usability and accessibility that have inhibited mainstream adoption of cryptocurrencies. The result is software and services that make buying, selling, and using cryptocurrencies faster, more secure, and accessible to people at all levels of technical expertise.

As a proof-of-stake blockchain, coin holders can earn rewards for securing the network, either through DIVI’s one-click masternode technology or non-custodial staking vaults. Users can choose between their next-gen mobile smart wallet, or desktop application to earn, store, and transact DIVI. The project was created in 2017 and boasts an incredibly exciting roadmap for 2021.

DYOR: www.diviproject.org