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Helga Bjarni

What is a Bitcoin exchange and how does it work?

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Bitcoin exchange is the most demanded crypto business in the modern world. And, Bitcoin exchange is the medium that allows customers to trade Bitcoin for other assets, such as conventional fiat money or other cryptocurrencies.

Before getting into how crypto exchangea software work, you should initially know the different types of trading platforms. Depending on its functionality, they are classified

  • Centralized Exchange Platform

  • Decentralized Exchange Platform

  • Hybrid Exchange Platform

Centralized (CEX) platform is controlled by the central authority

Decentralized (DEX) is the user to user exchange without any third person.

Hybrid is a combination of Both (CEX + DEX)

Many crypto traders like to make P2P exchanges. so they prefer exchanges like Localbitcoins, Remitano, Paxful, etc

You want to start an exchange like  Localbitcoins, Remitano, Paxful. by using Localbitcoins clone script, Remitano Clone Script, Paxful Clone Script, etc

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