including Huobi, OK, ZB, etc. But we closed domestic digital currency exchanges a long time ago, so to be precise, I don’t have a legal digital currency exchange now. Usually when most people trade digital currencies, they choose digital currency exchanges registered abroad. However, this is actually very risky because they are not subject to the supervision of the relevant departments of our country.
The popularity of digital currencies is a very big trend this year, but it is still not recommended for everyone to buy digital currencies, or to trade their digital currencies on exchanges, because many digital currency exchanges are not absolutely safe. Yes, because they are not a regulated organization, they may temporarily close digital currency exchanges when currency prices drop sharply. This is actually a very unfree trading method. Since it focuses on freedom Trading, but we cannot allow some traders to sell digital currencies as soon as bad news appears. Therefore, I think this is a very unreasonable situation, so I still do not recommend that everyone engage in digital currency transactions.
Another point is that our country is now cracking down on mining. Mining and digital currency are closely related. As long as mining is banned, the popularity of digital currency will decrease, and the price of digital currency will be within a certain range. has dropped sharply within a period of time, so it is very risky to buy digital currencies now. Maybe the price of digital currencies is not high compared to the previous period, but many people think that digital currencies will fall further in the future, because most people do not The value of this currency is not recognized.
In addition, digital currency is not regulated. Its daily trading time is not limited, and there is no limit on the rise or fall. In other words, if you go to a digital currency exchange to trade, you may lose all your money. If you lose all your money, if you play with leverage, your position may be liquidated. Therefore, it is not recommended that you do this. It is recommended that you still manage your finances through normal investment and financial management methods, because this way you can ensure that your principal is used up. It is possible to increase the value of wealth while being safe. There are also many domestic financial products, such as funds, stocks, bonds, etc., which everyone can buy with certain knowledge.
Therefore, the relatively old digital currency exchanges in China include Huobi, OK, ZB, etc. However, these exchanges are not registered in China, so they are not subject to the supervision of the relevant departments of our country, so it is not safe to trade. Therefore, it is not recommended that everyone buy digital currencies, because there are also many formal financial products in our country that you can choose from.
With the development of society and economic progress, currency is not limited to our current banknotes. At the same time, some digital currencies will appear, but many people do not know much about digital currencies. And they don’t know what the better digital currency exchanges are now, so today we are going to talk about this issue.
Bithumb Trading PlatformSo the digital currency exchange can be said to be an indispensable link in the chain of interests, and it is also closely connected with many investors and some project parties. So these investment markets connected by digital currencies need to be entered through a secure trading platform. If the trading platform you choose is not so safe, you will suffer some losses. Well, the better digital trading platforms now mainly include Bithumb. This digital trading platform can also be said to be the largest exchange in South Korea, and it can also be ranked among the top 10 in the world.
batMEXThen its daily trading volume exceeds 13,000 Bitcoins, which can be said to account for 10% of global Bitcoins. Therefore, if we want to choose a digital trading venue, we can also choose this. Then the second one is bitmex. Well, this trading platform is mainly established in the Republic of Seychelles, and it can serve as a leading leverage trading platform. If you choose this trading platform, it can reach 100 times leverage and it can derive many items. At the same time, it can also carry out a high-leverage configuration for other digital currencies, but if you want to choose this platform, you must understand some of their risks.
Choose the one that suits youSo there are actually a lot of good digital currency exchanges, but at this time you need to make a choice based on your own situation. And you need to have a full understanding of this platform. Only in this way can you choose some platforms that are more suitable for you. Then when we conduct transactions, we will be safer, and it is also very good for ourselves.
The difference from traditional exchanges lies in the different matching methods. Decentralized exchanges use smart contracts, while centralized exchanges use exchange matching algorithms, with currency-to-crypto mutual exchanges. The wallet I changed is actually the prototype of a decentralized exchange. Now many wallets have also transformed into decentralized exchanges. Decentralized exchange platforms include: 1. Uniswap; 2. MDEX; 3. JustSwap; 4. SushiSwap; 5. Bancor Network; 6. Curve.
First, Uniswap
was established in 2018-11. The number of U.S. currencies registered in the area is 1152 (1915 trading pairs)
Introduction: Uniswap V2 is a DEX platform fully deployed on the Ethereum chain, based on "constant product Automatic market making "model [reserve pool mode, on-chain matching, on-chain clearing], and promotes automatic exchange transactions between ETH and ERC20 token digital assets. The trading design of Uniswap V2 is different from the traditional limit order model. The Uniswap V2 protocol creates a single liquidity reserve for each ETH and ERC20 token trading pair. Each token's liquidity reserve is a trading smart contract that holds a certain amount of ETH and ERC20 tokens. Uniswap V2 trading contract as an automatic market maker
Second, MDEX
The establishment time is unknown and the registration area is unknown
Introduction: MDEX supports the decentralized cross-chain trading protocol of BSC, HECO and ETH, aiming to integrate the advantages of multiple chains , to create a high-performance composite DEX ecosystem, maximize feedback to participants with the "dual mining incentives" of liquidity mining and transaction mining, and realize a self-driven value capture ecological closed loop through the fee repurchase and destruction mechanism. MDEX is now available on Huobi Ecological Chain Heco and Binance Smart Chain BSC. Users can use MDEX Bridge to realize cross-chain interoperability of assets between Huobi Ecological Chain Heco, ETH and Binance Smart Chain BSC.
Third, JustSwap
The establishment time is unknown and the registration area is unknown
Introduction: JustSwap is a TRON-based exchange protocol that can be used for the exchange of TRC20 tokens. Any two TRC20 tokens can be exchanged, the system is priced, and transactions are convenient, and the protocol will not charge handling fees. All handling fees are provided to the liquidity provider of the protocol. The decentralization and security of the protocol are reliably guaranteed.
Fourth, SushiSwap
Established in 2020-08, registration area unknown
Introduction: SushiSwap is a fork of Uniswap, launched on August 27. It adopts UniSwap's core liquidity pool design, which is still liquidity mining and automatic market maker (AMM). At the protocol and smart contract level, SushiSwap and Uniswap share the same interface, and the front-end interface Sushiswap is also the same as Uniswap. But it essentially changes the original protocol, and SushiSwap pushes the Uniswap theory one step further.
Fifth, Bancor Network
Established in 2017-01, registered in Israel
Introduction: Bancor is a decentralized trading protocol that enables traders, liquidity providers and developers to participate in a barrier-free in open financial markets. No license is required to use the Bancor open source license. Bancor serves as a decentralized autonomous organization (DAO), owned and operated by its community. The Bancor protocol is governed through a democratic and transparent voting system, allowing all stakeholders to participate and shape Bancor’s future.
Sixth, Curve
Time of establishment - registration area unknown
Introduction: Curve is a decentralized stablecoin trading pool based on Ethereum. It is characterized by an efficient and low-slippage stablecoin trading experience, and for doing The market maker provides low-risk fee income. Under the hood, tokens held in the liquidity pool will also be provided to the Compound protocol or iearn.finance, where more revenue is generated for liquidity providers.
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