CSR Live Cryptocurrency Exchange

CSR Live Cryptocurrency Exchange

A cryptocurrency exchange, or a digital currency exchange (DCE), is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. The cryptocurrency exchange platforms match buyers with sellers. Like a traditional stock exchange, traders can opt to buy and sell their cryptocurrencies by inputting market orders. There are two types of cryptocurrency exchanges – centralised and decentralised.

Centralised cryptocurrency exchange

A centralised cryptocurrency exchange is a platform where you can buy or sell digital assets. Here, you have to trust a third party to monitor the transaction and secure the assets on behalf of the buyer and the seller. Their deals aren’t tracked on the blockchain.

Decentralised cryptocurrency exchange

The Public and Private keys prove your ownership of your digital money and allow you to make transactions. The keys are the tools required to ensure the security of the crypto economy.

A Public key is a cryptographic code that allows users to receive cryptocurrencies into their accounts.  

It’s called a public key because it is meant to be shared publicly and enables you to receive funds.

A private key is a large (256 bits) secret number that allows Crypto to be unlocked and sent. Each private key creates a unique signature that authorises the transaction of Crypto for the owner. 

It’s called a private key because it is meant to be kept private and not shown to other people.

If you lose your private keys, you lose access to your money. That’s why it’s important to keep your hardware Crypto Wallets safe or use trusted Wallet providers like Metamask or Coinbase.

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