FAQ 17 – What are the different exchanges?

Definition of an exchange

The Journal du Net defines an “exchange” as a crypto-currency exchange platform that allows cryptocurrencies to be exchanged with each other, converted into fiduciary currency or exchanged for a currency issued by a central bank.

A distinction is made between centralized and decentralized exchanges.

The platform connects buyers and sellers by charging a transaction fee.

Le Journal du Net définit un “exchange” comme une plateforme d'échange de crypto-monnaies qui permet d'échanger des crypto-monnaies entre elles, de les convertir en monnaie fiduciaire ou de les échanger contre une monnaie émise par une banque centrale.

Assets are traded in pairs, for example:

– The BTC/USD pair is where Bitcoin is traded against for dollars,

– The BTC/EUR pair is where Bitcoin is traded against Euros,

– The ETH/BTC pair is where Ethereum is traded against Bitcoin.

The different exchanges

Here is a list of exchange platforms: – Coinbase, – Kraken, – eToro, – Binance, – FTX, – KuCoin.

Il y a plusieurs variables à prendre en compte dans le choix de la plateforme d’échange

How to choose an exchange?

There are several variables to take into account when choosing a trading platform, such as :

– Seniority,
– Security,
– Fiability,
– Fees,
– Number of pairs available,
– Number of cryptocurrencies available.