Let's know about Crypto exchange .

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In keeping with the current world, the circulation of virtual currency has increased a lot these days. Many people are using virtual currency during big transactions. These are also known as "Crypto Currencies". Even our Steemit platform is built on crypto . We can also trade with that crypto currency's . Basically crypto is used for trading , and for trading we must have a wallet and a broker. And the work of that broker is done by crypto exchange.

As far as I know there are over 300 crypto exchanges. But some of them are trustworthy and some are scams. Anyway, let's not go there. First of all we need to know the importance of exchange. Trading crypto requires a crypto exchange. There are 2 types of exchanges though one is decentralized and the other is centralized. An example of decentralized is 'pancake swap' and one of centralized is 'Binance'.

At present kyc is required to deposit or trade on the exchange. Otherwise cannot trade. Once kyc is over we can deposit our coin and trade. A single mistake while making a deposit can result in the loss of the entire asset. In that case you must keep the "chain" thing in mind. For example, to deposit our steem coins , we must select the 'Steem Blockchain'. Otherwise we will lose our assets.

If I want to say something about trading then 90% people lose their money from trading. Trade is not a simple matter. It has to be acquired through practice. Not even a 2-1 day practice. It has to be studied for years . As such, we should step with understanding. Because once we lose our money it is not possible to get it back. But in the field of education we can improve our skills little by little but it is nothing but foolishness to start with a huge amount in begins.

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