April 13 2022
Bitcoin exchange, how to make money - how to use the cryptocurrency exchange
A cryptocurrency exchange is a site where you can buy cryptocurrency with a card, or send it directly, for example, from a bitcoin wallet, you can also exchange one cryptocurrency for another.
How to use a bitcoin exchange - a description of the main elements
For example, let's take the Exmo.com exchange.
Most often, the following blocks are displayed in the interface:
List of possible cryptocurrency pairs
· Trading volume for the selected period and trading history
Interface for exchanging one cryptocurrency or fiat money for others
· Live chat for communication
The first thing we will see on any exchange at the top is the available currency pairs, for example:
BTC/USD, ETH/USD, the more pairs available on the exchange, the better.
A chart that shows the rise or fall of prices is called “candlesticks”.
A candle is highlighted in blue when the rate of the selected currency was rising, in red when it was falling. The chart has the ability to analyze for periods: day, week, month, year
The graph shows bursts of activity over time.
When hovering over this chart, we see what turnover of the cryptocurrency was during this period (the total turnover of buying and selling), in this case we have a period of half an hour from 10-00 to 10.30.
Also on the chart, we see the rate at the beginning and the rate at the close of trading, the volume line is the total number of sales and purchases of bitcoins for a given period of time.