Decentralized Exchange
An exchange that operates without a central authority or intermediary. Users trade directly from their cryptocurrency wallets. Examples include Tron Wallet, Klever, Uniswap and PancakeSwap.
Archives
Order Book
in Digital ExchangesA real-time, continually updated list of buy and sell orders on an exchange. It shows the current market demand and supply
Market Order
in Digital ExchangesAn order to buy or sell a cryptocurrency immediately at the current market price. It is executed as soon as it is placed
Limit Order
in Digital ExchangesAn order to buy or sell a cryptocurrency at a specific price or better. It will only be executed if the market reaches the specified price.
KYC
in Digital ExchangesA regulatory process where exchanges verify the identity of their customers to prevent fraud and comply with anti-money laundering (AML) regulations.
Liquidity
in Digital ExchangesThe ease with which an asset can be bought or sold in the market without affecting its price. High liquidity typically means there is a significant volume of trading activity.
Altcoin
in Digital ExchangesAny cryptocurrency other than Bitcoin. The term is a combination of “alternative” and “coin.”
FIAT
in Digital ExchangesTraditional, government-issued currencies like the US Dollar (USD) or Euro (EUR).
Wallet
in Digital ExchangesA digital tool that allows users to store, receive, and send cryptocurrencies. Wallets can be hardware-based, software-based, or paper-based.
Cold Wallet
in Digital ExchangesA type of cryptocurrency wallet that is not connected to the internet, providing an extra layer of security. Hardware wallets are common examples