What is currency trading?

Currency trading is a current trading method for virtual currency, similar to foreign exchange.

Essay will stipulate certain types (generally four, different exchanges will have differences) virtual currency as the denomination currency,Used to trade other virtual currencies, these traded virtual currencies are called trading currencies.Both are a currency pair (currency exchange),The naming rule is "transaction currency name" + "counting currency name", such as BTCUSDT, which means that the transaction currency is BTC and the pricing currency is USDT.

When the transaction is bought, the investor buys the transaction currency.After the market rises and falls, the investor sells the trading currency, loss or profit-denominated currency.Please quote the currency separately. It is not recommended to purchase BTCUSDT, then use the BTC purchased by this purchase to make other currencies, and cross trade should be avoided.

The denomination currency is different on each exchange. Except for BTC, USDT and ETH, the general platform will have one or two places reserved for the platform currency that it issues. The transaction currency that can be purchased for each denomination currency is on different exchanges. There are also differences, mainly because virtual currency is determined by the market's acceptance and exchange regulations.

Note that although the currency pairs of the same name in each exchange have roughly the same market trend, the actual price will differ.