From the course: Learning Bitcoin and Other Cryptocurrencies
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Buying and selling cryptocurrency - Bitcoin Tutorial
From the course: Learning Bitcoin and Other Cryptocurrencies
Buying and selling cryptocurrency
- Cryptocurrencies are interesting in their own right, but a lot of their value comes from the fact that people are willing to exchange them for dollars, yen, euros and other national currencies. These days, the most common way to make such exchanges is through companies set up for that purpose. There are lots of lists of cryptocurrency exchanges online. Personally, I like the one at coinmarketcap.com. Just go to the Exchanges menu and then to Spot. These are ordered by the site's own Exchange Score, which favors the biggest and most transparent. To be useful to you, the company needs to accept your money, whether it's pesos, baht, or dollars, and, of course, it has to trade in the cryptocurrency that you want to buy. The combination of the currency you have and the currency you want is known as a trading pair. On coinmarketcap.com, you can see which exchanges handle a particular trading pair by first looking at the…
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