Cryptocurrency exchange is a platform for trading and exchanging one digital money for another or for various world currencies. In addition to mining, which is the original way to create cryptocurrencies, exchanges are a way to get them. In addition, only with the help of exchanges can you exchange them for real money. With the btc profit this is important now.
The separation of the entire list of exchanges can be carried out conditionally according to one of the most important criteria:
- Exchanges on which bitcoin and part of the main forks can be exchanged for national, world currencies (fiat money).
- Exchanges where they trade exclusively between bitcoin and forks and exchange some cryptocurrencies for others.
- Forks are called digital money, derivatives of the main bitcoin. Many forks can be exchanged only on certain exchanges.
Popular cryptocurrency exchanges
Below is a list of the most popular cryptocurrency exchanges.
Bitcoin to btc-e rate graph
Presentation of the chart in the form of Japanese candles is accepted on the stock exchange, currency exchange, as it is considered the most informative to trade. This is especially true for technical analysis.
The main elements of the candlestick chart
A candlestick indicates a price movement over a certain period of time. Figure 2 shows an example showing the main elements of the candle. Charts of the same cryptocurrency pair can be presented with different time axes, for example, an hourly chart or a 15-minute chart, on which, accordingly, the unit of time is an hour or 15 minutes. One candlestick shows the values that were relevant for this period of time.
The body of the candle, that is, the rectangle, is formed from the values at the time the beginning of the next period of time and its end. If the opening level is lower than the closing level, then such a candle is called bullish, painted in red or black. Otherwise, the bearish candle is painted green or white. So visually it becomes clear that with a bullish candle, the course increased, while with a bearish candle, it fell.
The lines extending from the candle are called shadows, indicating the presence of highs and lows that were recorded during the formation of the candle. In the absence of an upper shadow, it is said that the top is cut off at the candle; in the absence of the lower shadow, the base is cut off. Dodges are candles that have virtually no body, so the price at the beginning of the time period and at its end is equal. Spinning tops are candles with a small body size. The ability to read candles greatly facilitates the trading of cryptocurrencies and other financial instruments.
Buy and Sell Orders
Orders for the purchase / sale of participants in trading on the cryptocurrency exchange form the so-called glass. This is a list or table that lists requests from users to purchase or sell one cryptocurrency for another or for fiat money and approximated in value to the current price at which the pair is traded.