Binance./n
It entails the exchange functioning as a facilitator to assist the parties' transactions.</p>\n<p>A decentralized exchange, on the other hand, allows peer-to-peer cryptocurrency trading and is managed without the need for a central government. <strong><a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/uniswap/" target=\"_blank\" rel=\"nofollow noindex noopener\">Uniswap</a> and ApolloX DEX</strong> are a few examples. The decentralized exchange has a few benefits such as anonymity, vast variety, and reduced risks of hacking. Also, the <strong>volatility</strong> levels will be lower if there is more volume on an exchange.</p>\n<p>Furthermore, cryptocurrency exchanges have skyrocketed in popularity and influenced the rise of digital currencies, in general.</p>\n<p>Overall, exchanges act as <strong>middlemen,</strong> accepting payment via credit cards or other kinds of electronic payment in return for cryptocurrencies. Likewise, the exchange frequently charges a fee for this service. Digital assets can be instantly transferred to a consumer's <strong>digital <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallet.
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Cryptocurrencies?","featured_image_id":10342,"status":"published","chapter_id":7,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/where-to-trade-crypto","featured_image":{"id":10342,"uuid":"0bd8d78a-9423-48ee-9161-34dc1872b97c","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","path":"crypto/storage/optimized/where-to-trade-crypto-featured-image.jpg","original_path":"crypto/storage/original/where-to-trade-crypto-featured-image.jpg","name":"where-to-trade-crypto-featured-image.jpg","original_name":"where-to-trade-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"85.96KB"},"youtube_video":null},{"slug":"how-to-invest-in-crypto","title":"Investing in Crypto: What Investing Options Do You Have?","featured_image_id":10729,"status":"published","chapter_id":7,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-invest-in-crypto","featured_image":{"id":10729,"uuid":"3439a1db-9892-404a-b4b6-a1db5a34bca4","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","path":"crypto/storage/optimized/how-to-invest-in-crypto-featured-image.jpg","original_path":"crypto/storage/original/how-to-invest-in-crypto-featured-image.jpg","name":"how-to-invest-in-crypto-featured-image.jpg","original_name":"how-to-invest-in-crypto-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"75.22KB"},"youtube_video":null},{"slug":"ico-vs-ido","title":"ICO vs IDO vs IEO: Which One is the One?","featured_image_id":11310,"status":"published","chapter_id":7,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/ico-vs-ido","featured_image":{"id":11310,"uuid":"315e8a2b-93a1-4870-be48-a2a09d801663","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/ico-vs-ido-featured-image.jpg","path":"crypto/storage/optimized/ico-vs-ido-featured-image.jpg","original_path":"crypto/storage/original/ico-vs-ido-featured-image.jpg","name":"ico-vs-ido-featured-image.jpg","original_name":"ico-vs-ido-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"64.39KB"},"youtube_video":null},{"slug":"what-is-an-airdrop","title":"What are Crypto Airdrops and How to Get Them?","featured_image_id":11359,"status":"published","chapter_id":7,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-an-airdrop","featured_image":{"id":11359,"uuid":"7b43c968-1275-4d3e-acb1-1707a43a4014","public_url":"https://assets.bitdegree.org/crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","path":"crypto/storage/optimized/what-is-an-airdrop-featured-image.jpg","original_path":"crypto/storage/original/what-is-an-airdrop-featured-image.jpg","name":"what-is-an-airdrop-featured-image.jpg","original_name":"what-is-an-airdrop-featured-image.jpg","title":null,"alt":null,"width":1024,"height":576,"disk":"spaces","status":"uploaded","readable_file_size":"66.05KB"},"youtube_video":null},{"slug":"how-to-get-free-crypto","title":"How to Get Free Crypto Assets?","featured_image_id":6542,"status":"published","chapter_id":7,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-get-free-crypto","featured_image":{"id":6542,"uuid":"4fceb9ab-391e-4ef9-b00d-c871a49878a3","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-get-free-crypto.o.jpg","path":"crypto/storage/media/how-to-get-free-crypto.o.jpg","original_path":"crypto/storage/media/how-to-get-free-crypto.jpg","name":"how-to-get-free-crypto.o.jpg","original_name":"how-to-get-free-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"93.93KB"},"youtube_video":null},{"slug":"how-to-arbitrage-crypto","title":"What is Crypto Arbitrage: The Main Principles","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":6,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-arbitrage-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-fud","title":"What is FUD: How to Use It to Your Advantage While Investing in Crypto?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":7,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-fud","featured_image":null,"youtube_video":null},{"slug":"investing-in-cryptocurrency","title":"Investing in Cryptocurrency: How to Manage Your Risks?","featured_image_id":null,"status":"published","chapter_id":7,"language":"en","order":8,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/investing-in-cryptocurrency","featured_image":null,"youtube_video":null},{"slug":"what-is-a-rug-pull-in-crypto","title":"What is a Rug Pull in Crypto?","featured_image_id":6532,"status":"published","chapter_id":7,"language":"en","order":9,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-a-rug-pull-in-crypto","featured_image":{"id":6532,"uuid":"be8043fb-078c-4487-9af9-d2d9c2b574ea","public_url":"https://assets.bitdegree.org/crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.o.jpg","original_path":"crypto/storage/media/what-is-a-rug-pull-in-crypto.jpg","name":"what-is-a-rug-pull-in-crypto.o.jpg","original_name":"what-is-a-rug-pull-in-crypto.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"92.28KB"},"youtube_video":null},{"slug":"how-to-avoid-rug-pulls-in-crypto","title":"How to Spot and Avoid Rug Pulls?","featured_image_id":6555,"status":"published","chapter_id":7,"language":"en","order":10,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-rug-pulls-in-crypto","featured_image":{"id":6555,"uuid":"80cbed9d-3b4b-45d9-9a85-d2d8108c0f32","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","path":"crypto/storage/media/how-to-avoid-rug-pulls.o.jpg","original_path":"crypto/storage/media/how-to-avoid-rug-pulls.jpg","name":"how-to-avoid-rug-pulls.o.jpg","original_name":"how-to-avoid-rug-pulls.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"111.99KB"},"youtube_video":null},{"slug":"how-to-avoid-crypto-taxes","title":"The Key Legal Techniques of Avoiding Crypto Taxes","featured_image_id":6526,"status":"published","chapter_id":7,"language":"en","order":11,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-avoid-crypto-taxes","featured_image":{"id":6526,"uuid":"1e44162c-ef1d-4010-81b4-9e8d1809aedf","public_url":"https://assets.bitdegree.org/crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","path":"crypto/storage/media/how-to-avoid-crypto-taxes.o.jpg","original_path":"crypto/storage/media/how-to-avoid-crypto-taxes.jpg","name":"how-to-avoid-crypto-taxes.o.jpg","original_name":"how-to-avoid-crypto-taxes.jpg","title":null,"alt":null,"width":768,"height":478,"disk":"spaces","status":"uploaded","readable_file_size":"99.10KB"},"youtube_video":null}]},{"id":8,"title":"Crypto Analysis","slug":"crypto-analysis","updated":null,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-analysis.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-analysis-101.jpg","rating":100,"sections":[{"slug":"what-is-bullish-and-bearish","title":"Bearish and Bullish Markets: Do They Matter?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":1,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-bullish-and-bearish","featured_image":null,"youtube_video":null},{"slug":"best-technical-analysis-indicators-for-crypto","title":"5 Best Crypto Technical Analysis Indicators You Must Know About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":333,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Exit Scam?","slug":"what-is-exit-scam","section":"E","keyword":"Exit Scam","status":"published","definition":"is a means of causing projects to go down or disappear after obtaining the investor's finances.","content":"<p>An exit scam is a method of making projects shut down or disappear after acquiring the investor's funds. This usually happens after or during the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">
ICO period. In other words, it is fraudulent activity by unscrupulous cryptocurrency promoters who vanish with investors’ money.</p>\n<p>To put things into perspective, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-whale/">
whales essentially attempt to boost the price, also advertising and promoting activities, only to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-dump/">
dump their coins later on. It is nearly impossible to foresee such an event until it takes place, similar to a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-black-swan-event/">
black swan event</strong></a>. Exit scams occur more frequently.</p>\n<p>To fully understand the exit scam, you must be aware of the strategy. It is quite basic, starting from the project that launches a cryptocurrency platform employing <strong>a bright idea</strong>, then raises funds from investors.</p>\n<p>It runs for a reasonable amount of time and then disappears, which leaves the investors in a tight situation.</p>\n<h3>How to Stay Safe From Exit Scams?</h3>\n<p>People tend to believe popular YouTube channels that promote particular tokens. But what they don’t know is that typically the tokens are promoted when the price has already gone up and that it is mandatory to investigate the fundamentals of the project.</p>\n<p>It might be a poorly executed duplicate of an existing solution with no solid foundations for future expansion. So, do your homework when it comes to initiatives with significant returns. Also, speaking of crypto <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-token/">tokens, make sure to use tracking platforms on a regular basis to receive the most up-to-date information and construction materials.</p>\n<p>You can also look for red flags in: </p>\n<ul>\n<li>Team Credibility</li>\n<li><strong>Documentation Standards</strong></li>\n<li>Extravagant Return Projections</li>\n<li>Heavily Promoted Offerings</li>\n<li>Non-Existent Working Model</li>\n</ul>\n<p><em>These factors might help to determine whether you are safe or not.</em></p>\n<h3>The History of Exist Scams in the World of Crypto</h3>\n<p>In November of 2017, an escrow-related cryptocurrency startup called Confido disappeared after collecting <strong>$375,000</strong> through its initial coin offering (ICO). In regards to that, the cryptocurrency's <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-market-capitalization-market-cap-mcap/">market cap</strong></a> decreased from approximately $6 million to <strong>$70,000,</strong> in a span of a week.</p>\n<p>There was a sale of Logan Paul's <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">NFTs, where three holders of the 3,000 NFTs that were to be sold had an opportunity to win a $400,000 Pokemon First Edition package. The NFTs first drew a lot of interest, propelling their value past $20,000.</p>\n<p>Nonetheless, the majority of them are still available on <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/goon/opensea/" target=\"_blank\" rel=\"nofollow noindex noopener\"><strong><strong>OpenSea</strong></strong></a> for around $1,000.</p>\n<h3>BitConnect Exit Scam</h3>\n<p>Bitconnect declared on January 16th, 2018, that it was closing its currency exchange and lending services due to a cease-and-desist order, filed by officials in Texas and North Carolina.</p>\n<p>Following that, the platform was operating a Ponzi scheme that compensated customers in the form of BCC, which dropped from an all-time high of roughly <strong>$465</strong> to less than $1 in less than a week.</p>","level":"medium","meta_title":"What is Exit Scam? Definition & Meaning | Crypto Wiki","meta_description":"Exit Scam meaning: Exit Scam - is a means of causing projects to go down or disappear after obtaining the investor's finances.","meta_keywords":null,"language":"en","created_at":"2022-03-14T14:41:56.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-exit-scam"},"prevSection":{"id":331,"original_id":null,"author_id":41,"translator_id":null,"title":"What is Exchange Traded Fund (ETF)?","slug":"what-is-exchange-traded-fund-etf","section":"E","keyword":"Exchange Traded Fund (ETF)","status":"published","definition":"a security that is used to track basket assets, which can be traded as a single stock.","content":"<p><strong>Exchange-traded fund (ETF)</strong> refers to a basket of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-security/">securities that can be traded as a single stock on a traditional or <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-exchange/">crypto exchange platform</strong></a>. The assets contained in the basket can be <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrencies, bonds, commodities, and stocks, to name a few.</p>\n<p>ETFs are similar to mutual funds since they <strong>allow investors to diversify their returns and include several asset classes combined</strong>. However, unlike ETFs, mutual funds can only be traded once a day, during the closing hours of the market.</p>\n<p>The prices of ETFs tend to fluctuate throughout the day with each sale. Investors trade ETFs as means to diversify their <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-portfolio/">portfolios, since the assets in the basket may be invested in several different sectors. However, in some cases, an ETF may be invested in only one sector.</p>\n<p>ETFs are used to track the performance of single market indexes like <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-sandp-500-standard-and-poors-500/">S&P 500</strong></a> or FTSE 100. SPDR S&P 500 ETF Trust (SPY) is used to track the S&P 500 index, while the iShares Russell 2000 (IWM) tracks the small-cap index of Russell 2000.</p>\n<p>The costs of exchange-traded funds are considered to be low, particularly with regards to passively managed ETFs that track the performance of an index. Some ETFs may be managed actively. In this case, portfolio managers take the role of ETF management and make investment decisions that may not be based on the performance of the underlying index.</p>\n<p>There are two key <strong>tax advantages</strong> of opting for an exchange-traded fund instead of mutual funds. For starters, the capital gains tax only applies when the ETF is sold. Unlike with ETFs, the capital gains tax of mutual funds changes throughout the entire period while the investor holds the portfolio, known as the investment horizon.</p>\n<p>ETF investors are also able to take part in <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-short/">short selling. During this trading process, they can sell stocks that they do not own and buy them back later, when the price of the security is lower.</p>","level":"medium","meta_title":"What is Exchange Traded Fund (ETF)? Definition & Meaning | Crypto Wiki","meta_description":"Exchange Traded Fund (ETF) meaning: Exchange Traded Fund (ETF) - Exchange-Traded Fund (ETF) – security used to track basket assets that can be traded as a single stock.","meta_keywords":null,"language":"en","created_at":"2022-03-14T14:33:01.000000Z","updated_at":"2022-08-17T12:55:28.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-exchange-traded-fund-etf"},"currentChapter":"E","currentSection":"what-is-exchange","chapterTitle":"E","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-exchange","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter E
What is Exchange?
Exchange MEANING:
Exchange -
A cryptocurrency exchange is a virtual marketplace that lets customers trade cryptocurrencies as well as assets for other cryptocurrencies or fiat money.
Let's find out Exchange meaning, definition in crypto,
what is Exchange,
and all other detailed facts.
A cryptocurrency exchange is essential as a delegate between the seller and the buyer.
The two types of exchanges are - centralized and decentralized. A centralized exchange, for instance, is the most popular way to trade cryptocurrencies. Some of the biggest centralized exchanges include Coinbase, Kraken, and Binance.
It entails the exchange functioning as a facilitator to assist the parties' transactions.
A decentralized exchange, on the other hand, allows peer-to-peer cryptocurrency trading and is managed without the need for a central government. Uniswap and ApolloX DEX are a few examples. The decentralized exchange has a few benefits such as anonymity, vast variety, and reduced risks of hacking. Also, the volatility levels will be lower if there is more volume on an exchange.
Furthermore, cryptocurrency exchanges have skyrocketed in popularity and influenced the rise of digital currencies, in general.
Overall, exchanges act as middlemen, accepting payment via credit cards or other kinds of electronic payment in return for cryptocurrencies. Likewise, the exchange frequently charges a fee for this service. Digital assets can be instantly transferred to a consumer's digital wallet.
