What's the use of virtual currency exchange docking

1. Although all websites and platforms related to digital currency trading and ICO projects have been blocked in China, the role played by exchanges in the field of digital currency is very important, so it has to be mentioned
Why do digital currencies need exchanges
as we all know, digital currency is based on blockchain technology and platform, and it is also one of the most typical applications of blockchain
taking bitcoin as an example, its platform provides the function of transferring money among users, but it does not provide the function of transaction and payment, which makes bitcoin unable to communicate with the outside world, let alone circulate, and thus cannot become a real currency
in order to solve this problem, the exchange was born
role of the exchange:
in addition to the above-mentioned trading and payment, the specific functions of the exchange are roughly asset management, matching trading and asset clearing, etc. To put it bluntly, it is equivalent to the Bank of digital currency. The matchmaking transaction here is actually to exchange for other currencies, such as bitcoin for Leyte. Of course, there are also some basic functions such as recharge and cash withdrawal. In principle, it is a centralized account book without being linked

on the other hand, the exchange also plays the role of stock exchange, making ICO (initial token issue) project possible
all kinds of token (token or token) can be raised and issued through the exchange
at this point, some people certainly think that the exchange is a combination of banking and securities trading
but not only that, the exchange also has the functions of futures and financial management, which means it also has the attributes of financial institutions such as futures exchange, securities companies and fund companies
it is not enough. In fact, the exchange also has the function of supervision, because there is no supervision. Therefore, the digital currency exchange can be regarded as a super financial center

the centralized exchange plays an important role, which obviously brings many security risks and trust crisis
all these are closely related to the violation of the "decentralization" advocated by blockchain
fortunately, some "decentralized" exchanges have emerged, which are based on the blockchain platform and rely on smart contracts to achieve the purpose of automation, de trust and transparency

let's briefly talk about how to build an exchange. Generally, a subject is registered first, such as the Singapore foundation, because the Singapore government encourages the development of blockchain, and high-quality project parties are registered in Singapore, which can be more recognized in the instry

the Singapore foundation can register by providing a company name and identity information of directors, and then it can do some legal compliance, which is also the advantage of the Singapore foundation. It can issue effective legal opinions to make the project compliance.

2. Just like you put your money in your wallet and Alipay,
one is your wallet, the other is the third party platform.

3. Trading platforms act as trading agents, while some act as market makers. The profits of these trading platforms come from investors' trading or withdrawal of current fees. DCPRO

4. The first is to connect with the exchange, that is, the choice of the exchange. It is suggested that if the mainstream can rank first, the trading volume will be much larger

then learn more about the requirements of the exchange and the qualification of the exchange. The requirements of each exchange are different, and the information they need to provide is also different
I can tell you the general process:
1
2. The platform side reviews the project and will further communicate and investigate with the project side after completing the preliminary review
3. Some platform parties are required to hold a certain amount of platform currency or vote for it
4. After passing the audit or meeting the activity conditions, carry out the docking of currency technology
5. Issue the currency announcement and start the transaction
the scale of the exchange can also be roughly evaluated from several aspects
1. Base currency trading volume
2. Non base currency trading volume
3. (small amount) money charging speed
4. User experience satisfaction
5. Security
typing is very tiring, you can only say it in the framework. If you want to know the detailed operation mode, you can make a friend or ask

5. You can recharge, but not withdraw cash. You can charge as much as you want. It's all routine. I was trapped for 80000. Fortunately, I found out in time and found someone to chase me back

6. The process of docking with the exchange is actually very simple

8. You can think of a metal detector installed in the front, there will be metal ring