We continue learning about trideng today I will explain a little about exchange, all this I do to eliminate the fear that there is to do trideng fear is caused by ignorance and that is something that we can end.

What is exchange?

It is a digital platform where you can buy, sell and exchange cryptocurrencies, there are exchanges where people from anywhere in the world can work as well as some like Let'sBit that works only in Latin America.

Exchanges allow you to exchange your fiat money for any type of cryptocurrency in an easy and simple way. The payment methods depend on the policies of each of the different exchanges, most of them accept transfers, debit or credit cards.

All this information leads us to the following term Bid and ask price . The bid is the purchase price and the ask is the sale price, the difference between the two definitions the spread is called the margin or price difference which constitutes the liquidity value.

These are essential terms that we must learn and understand when working with cryptos. It is important that we understand all these terms in order to become better cryptocurrency investors.

Here is the link to my previous post where I also talk about my project

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