A cryptocurrency exchange is basically a service and an online platform where users can exchange or trade digital assets to fiat currency or other digital assets. There are few types of cryptocurrency exchange:

Traditional cryptocurrency exchange:

These are the type of exchanges similar to the traditional stock market exchange where exchange is based on the current market price of the cryptocurrencies with the exchange playing the role of middle-men. These exchanges generally charge a fee for every transaction. Few exchanges deal only in cryptocurrency while others allow to trade in fiat currencies.

Cryptocurrency Brokers:

These exchanges are like currency exchanges at the airport where users can buy and sell cryptocurrencies at a rate set by the brokers. And it’d be generally the market price plus a small premium amount. Although users pay slightly higher than the usual rate but it’s one of the easiest way, especially for beginners or new users.

Direct trading platforms:

These type of platform do not use any exchange platform or services rather offers direct peer-to-peer trading or exchange between the buyers and sellers. Users who are willing to sell can set their own exchange rate and the buyers either find them via the platform and perform Over The Counter (OTC) Exchange, or they denote the rates they are willing to buy for and the platform matches buyers and sellers. There are few regions where trading is limited to the direct trading only.

Cryptocurrency Funds:

These are the pools of professionally managed cryptocurrency assets that will allow users to buy and hold the cryptocurrency via the fund. Using a fund, a user can invest in cryptocurrency without having to purchase it or store it directly.

What is Cryptassist Exchange?

Cryptassist will develop its own fully licensed cryptocurrency spot exchange to offer users an unequaled trading experience. This exchange will offer the ultimate user-friendly platform to cater to both established traders as well as first time users.

Note: The exchange is not exclusive for CTA trading, it is a full cryptocurrency exchange, functioning like any other.

The exchange will offer a 50% discount when trading fees are paid with CTA coins. Once logged in to the Cryptassist app the user will automatically have access to the trading platform. Users can quickly exchange their CTA and other digital currencies with one another utilizing a large variety of trading pairs. The exchange will work similarly to other crypto-exchanges where traders can set limit orders to buy and sell cryptocurrencies.

The exchange will utilize both limit orders, which allow a trader to buy digital currency at a price lower than the current price, or sell at higher than the current price on the exchange and market orders, which means the buyer accepts the current market sale price on the exchange.

Cryptassist exchange members will have voting rights on new coins to be added to the exchange.

Exchange features will include: