What is CRYPTOCURRENCY ?

CRYPTOCURRENCY, or foreign exchange, can be explained as a network of buyers and sellers, who transfer currency between each other at an agreed price. It is the means by which individuals, companies and central banks convert one currency into another. If you have ever traveled abroad, then it is likely you have made a CRYPTOCURRENCY transaction.

How it works ?

The idea of exchanging one currency for another seems simple enough. But understanding who and what is actually involved can be somewhat more complicated. So, we thought we’d try and explain it for you. There can be a lot of jargon and slang to decipher when it comes to first understanding the foreign exchange market. An institution or system for dealing in the currencies of other countries. A commodity market is like a stock market, but it trades primarily in one sector or type of goods. The New York Stock Exchange or the London Stock Exchange are centralised to those cities, making them centralised, individual markets. Financial markets without a centre, such as the FX market, are decentralised. Also known as the true exchange or the interbank rate, the mid-market rate is the mid-point between the how the CRYPTOCURRENCY market works pdf and the sell prices of two currencies in the FX market.