Features of cryptocurrency exchanges

Cryptocurrency exchanges are the newest direction in trading. Due to its specificity, it has a number of features. Let's try to list them and understand how to work with it.

Lack of regulation. This is quickly fixed but in fact, none of the exchanges is regulated. Now only a few exchanges are officially registered in Japan and Singapore. This has both advantages and disadvantages. The main drawback is the restrictions on registration and the possibility of depositing / withdrawing funds. The advantages consist only in the fact that part of the money exchanged is transferred to the state, that is, the state begins to be interested in the cryptocurrency market.

Fairly high commissions. Now there are few exchanges and most of them charge huge commissions - from 0.2% to 0.5% for an exchange. Only the best exchanges charge no more than 0.1% for an exchange i.e.

Small amount. Because the market is just being created in the world there are no more than 100 cryptocurrency exchanges. Moreover, with a certain currency (dollar, euro, yuan, ruble) only a part of exchanges works.