A cryptocurrency exchange is a trading platform that trades in digital currencies. For example, it is an exchange between cryptocurrencies or one type of cryptocurrency for fiat money. A cryptocurrency exchange opens up opportunities for those who want to transact, to make money on an asset such as digital currency. Over the past few years, cryptocurrency exchanges have been a big system for dealing with cryptocurrency assets.

Until the middle of 2013, the software systems of all digital currencies, excluding Ripple currency, were based on the development of the Bitcoin system code. And in July 2013, other systems supporting similar platforms began to emerge. These are exchange trading, trading points, messengers, etc. Here are some examples of these cryptocurrency platforms: Nxt, Mastercoin, BitShares.

Altcoins are all digital currencies that emerged after Bitcoin entered the market. Litecoin and Namecoin were introduced to the market in 2011. The creators of these currencies, when developing them, sought to minimize the problems that Bitcoin had. For example, with Litecoin, the implementation of transactions occurs more quickly. Namecoin is created to form alternative root DNS servers.

Most altcoins are similar to Bitcoin in characteristics and tools used. But there are also differences:

Ethereum currency has reformatted into a cryptocurrency platform.
And the digital currency Ripple is a Bitcoin-type centralized system.

The peculiarity of working with Dash is an increase in the principles of anonymity.
There is a type of digital currencies appearing on the market, which are similar to another digital currency. Only some elements representing the difference of currencies in the end are changed.

Peculiarities of a cryptocurrency exchange
The cryptocurrency market has a difference from the stock markets in that its volatility volume is much higher than that of assets like stocks, futures, fiat. For example, in 2013, Bitcoin, a major cryptocurrency, was up about 5,500%. Stock markets have much smaller volumes of market fluctuations. To make a good profit trading the stock market requires large deposits. By trading on a cryptocurrency exchange, you can achieve impressive profits with small deposits. As a result of exchange rate fluctuations, there is an opportunity to get about 40,000 for two or three days with an investment of 5,000 rubles.

In order to qualitatively analyze future exchange rate movements of the stock market, you need to keep track of news: on the company, the asset, the whole market, general economic and political news.