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Cryptocurrencies

More than 15 cryptocurrency pairs are available for trading. Invest in Bitcoin, Dash, EOS, Ethereum and other digital currencies

What are cryptocurrencies?

Cryptocurrency is a digital payment system that does not involve banks in verifying transactions. It is a peer-to-peer system that allows any user anywhere to send and receive payments. Cryptocurrency payments exist solely digitally in an online database describing specific transactions. They do not involve transactions with physical money that has circulation and exchange capabilities in the real world. When funds are transferred in cryptocurrency, the transactions are recorded in a public registry. Cryptocurrency is stored in digital wallets.

The term Cryptocurrency has come into common usage due to the fact that encryption (cryptography) is used to verify transactions: advanced encryption is used to store and transfer cryptocurrency data between wallets and to public registries. The purpose of encryption is to ensure reliability and security.

Cryptocurrencies are processed in a distributed public ledger, the blockchain, where records of all transactions are stored and updated by the holders of the currency.

Cryptocurrency units (coins) are created through the process of mining. This is a process in which computer processing power is used to solve complex mathematical problems, resulting in the generation of coins. Users can also buy currency from brokers and then store and spend it using cryptocurrency wallets.

Cryptocurrency is not a material object, it is a key that allows a record or unit of measurement to be moved from one person to another without a trusted third party.

How the cryptocurrency market works

The cryptocurrency market where traders buy and sell various cryptocurrency assets is decentralized. Here are some basic aspects of how the cryptocurrency market works:

Trading with a broker. Online brokers offer buying and selling of cryptocurrency as well as other financial assets: stocks, bonds, ETFs. These platforms tend to offer lower trading commissions than a cryptocurrency exchange.
Exchange trading. Most cryptocurrency trading is done on specialized exchanges, including: Binance, Coinbase, Kraken and others. The exchanges provide a platform for traders to place orders to buy or sell cryptocurrencies.
Liquidity. The cryptocurrency market has varying degrees of liquidity, which reflects the ability of assets to be bought or sold quickly at the current market price without significantly affecting their value. In more liquid markets, traders can easily enter and exit positions, have tighter spreads and less influence on price.
Price and demand. Cryptocurrency quotes are determined by the interaction of supply and demand in the market. If the demand for a particular cryptocurrency exceeds the supply, the price may rise, and vice versa. Factors affecting supply and demand: news, various events, market situation, regulation and other factors.
Orders. Traders place orders to buy or sell cryptocurrency assets. They can be market (buy or sell at the current market price) or limit (the desired buy or sell price is specified). When an order matches another of the opposite type, a trade is made.
Volatility. The cryptocurrency market is known for its high volatility, which means frequent and significant price changes. This can provide opportunities for traders to profit from short-term price movements.

Online charts

Use the main tool of traders - technical analysis on the chart of a financial instrument

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