The Tech Quiz - Season 12

Edit on Canva

Hello All Steemins

Hope you all doing well and enjoy your day with family and friends Alhumdullhiah I am also fine and enjoy my vacation. Today I am here to participate in this beautiful Contest which is organized by @malikusman1. I share my entry with all of you in This topic Hope you all like and enjoy it. Let's start our today Task.

---

(What is the purpose of a cryptocurrency exchange?)

First of All we all need to know about What is Cryptocurrency, cryptocurrency Exchange and then we understand the complete knowalage about Purpose of Cryptocurrency exchange..

Cryptocurrency is a virtual and digital form of currency.The transaction of cryptocurrency are recoreds maintain and cryptography. It's called crypto in short form.There are many cryptocurrency are present in now a days e.g Ethereum, Bitcoin and Cardano etc.

Crypto Exchange is a platform which facilitates the different people to buy and selling the cryptocurrency also given the options of trading.

Purpose of Cryptocurrency Exchange

source

Allow Trading

Facilitates the different people to buy and selling the various cryptocurrency.

Price Checking

All exchange's facilitates the people to checking the price and value of different cryptocurrency.

Transiction History

All the transition are save in history amd help to chek the All Old history of transiction which help in record keeping.

Future Prediction

Some exchange's are facilitates their user to predict the future prices of coins and cryptocurrency market.

Security

This is Main purpose of the exchange because it's digital from of currency so we need to High security for the balance safety present in our account.

---

(Why is security important in the context of cryptocurrency exchanges?
)

source

In cryptocurrency the security Play very important role. Security is nesssary for safeguard of funds. Security protect our sensitive Information. The prevent our assets from Hacking and stolen.In cryptocurrency exchange a very strong security two factors athuntection and encrypted form password which prevent our Account.

---

(What distinguishes decentralized exchanges from centralized ones?
)

Centralized Exchange

Operate by individual,User make account deposit fund and trade vua exchange.Act as faster amd High level of liquidity limit.

Decentralized Exchange

Decentralized Exchange give the privacy ti user control creating thies who value
The coee principal and if Blockchain technology.

source

---

Tnis is my entry about This contest Hope you all read it amd support memwith the help of upvote.I also seen the Entry of my friends @el-nailul @msharif @worldsmile Please participate in this contest I want to see your entry aat this contest.

---

Achievement 1 Link
https://steemit.com/hive-172186/@huraira50/achivement-1-introduceyourself

Thank you All for Reading my Post ❣️