So, what are exchanges?
Understand what exchanges are and what these enable you to do with your crypto assets
In recent years, the adhesion of cryptocurrencies has grown exponentially, with bitcoin being the great symbol of this spread. This growth was contributed by companies known as exchanges.
In this article, you will understand what an exchange is, what it does, and how to choose one.
What is an exchange?
When you go on a trip outside of your country, you usually go to a currency exchange to trade your dollars or euros to the local currency. The same is valid in the crypto world: if you want to own Bitcoin, Ethereum, or Moss’ MCO2 Token, you must look for a place that will trade your hard-earned money for the crypto asset of your choice.
An exchange is a digital marketplace that allows you to purchase, sell, or exchange your crypto assets. The main function and differentiators between the many online exchanges is to offer this service in a fast, secure, and legal way. For this reason, exchanges typically charge fees when buying assets and require documentation when you register.
In a peer-to-peer exchange, outside of a centralized exchange, it is impossible to truly know the origin of the asset or money involved in the transaction. Although your intentions are lawful and correct, regulators may not see these with the most favorable view.
Therefore, exchanges are essential to regulate these actions and certify their safety and legality, mitigating risks for users, in addition to preventing illegal activities.
What services does an exchange offer?
It is important to know that there is a variety of online exchanges that offer different services, so the goal is to compile a summary of the most basic and common to all of them.
SALE OF DIGITAL ASSETS
An exchange typically buys a large quantity of crypto at wholesale price and resells them at the market price.
It is worth remembering that the price of any crypto asset can vary from exchange to exchange, as they all work independent of each other. In this case, this is different from buying stock on a stock exchange or dollars at a currency exchange, where prices are much closer among competitors.
TRADE BETWEEN USERS
This service allows users to buy, sell, and trade crypto assets among themselves. In this case, the exchange acts only as an intermediary.
SET BUY AND SELL ORDERS WITH LIMIT PRICES
When buying and selling crypto assets, it is possible to automate the process while setting a limit on the price of the orders.
For example, you can set your account to buy a specific crypto asset for under US $100. When the asset drops below this price, the exchange will complete the transaction for you, and you will not have to track daily price changes.
A user can borrow digital assets from the exchange. The payment of the loan, as is typical with a common bank loan, requires payment of interest.
This service enables you to store your crypto assets securely in your digital wallet.
How do I choose an exchange?
Before choosing an exchange, you must consider many factors, like:
- The importance of understanding an exchange’s transaction volume, rates, and reputation online;
- The importance of checking if the specific exchange you’re interested in works in accordance with the local laws of your country.
You can also diversify your investments across more than one platform; for example, you can buy your assets in one platform and store them in another.
Where can I purchase MCO2 Token, Moss’ crypto asset?
To buy your MCO2 Token, you do not need to use an exchange. You can buy your credits through Moss’ official platform.
If you are already involved in the crypto world, you can also find the MCO2 Token on the largest exchanges in the world like NovaDAX, Gemini, Mercado Bitcoin, ProBit, FlowBTC, Uniswap e Idex.
How can I buy Moss’ MCO2 Token?
Today, any individual or legal entity can purchase the MCO2 Token carbon credit.
As we mentioned before, by purchasing this asset, you contribute to projects continuing their work aiming at environmental protection, forest management (in particular, the Amazon Forest) and social responsibility, by improving the quality of life of the people in the region in which the project is located.
To purchase your carbon credits, click here. The process takes less than two minutes and is perennial. Additionally, it is a safe and audited asset by international institutions that regulate the carbon credit market.
The change that can save the planet is in our hands. By offsetting our carbon footprint, we reduce the impacts of global warming and build a better world together.
Contact us. With Moss, it’s easier to make your day-to-day choices more and more sustainable.