The exchange of crypto-currencies is a place (a platform, service) where it is possible both to exchange the crypto currency for another one, and to trade them on an ongoing basis for profit. Among the most famous exchanges, crypto-currencies simultaneously supporting and transferring to fiat funds are Mt.Gox, BTC-E, OKCoin, Huobi, BTC China, Cryptsy, BitStamp and Vircurex. In addition to bitcoin, other currencies almost did not spread. Litecoin and Namecoin are more or less known, and the rest are most often used for some speculation and earnings on exchange rate differences, and are not used in addition to these purposes.
Crypto-exchange exchanges do not have official recognition as full-fledged exchanges, and did not receive licenses. In fact, they function as large (or not very large) online services, where you can buy or sell a crypto currency, earning on the exchange rate difference between pairs. At the same time, the most famous services already acquire features characteristic of exchanges — for example, they allow to conduct margin transactions (on credit, with a certain «shoulder»). Users point to several things:
The technical support of such «exchanges» does not fully protect participants from fraud,
In addition to the technical side, it is difficult to deal with the legal security of transactions,
Part of the services is a project with a short life span, from which it is important to have time to withdraw funds before they are closed.
Bitfinex is one of the most popular and popular on the market of exchanges. The volume of its turnover on the stock market is quite high. In terms of trade, it is one of the largest in the world. The following crypto-currencies are traded — BTC and LTC. Areas for exchange of military-technical cooperation for US dollars, PTS for LTC and LTC for US dollars are available. Among customers, the Bitstamp exchange is also in demand. This exchange operates only in crypto currency exchange VTS, there is a single currency exchange pair. The company VTS-e is widely in demand among
Russian-speaking customers, it is one of the five largest exchanges of bitcoins on the network. Allows its customers to participate in trades without passing the verification procedure.
The article is in the translation stage, and is still being updated. I’m sorry for the mistakes. Good reading.