[Compare by BTC trading volume] Recommended ranking of domestic cryptocurrency exchanges!
This time we ranked domestic cryptocurrency exchanges by trading volume (circulation) of BTC (Bitcoin).
When choosing an exchange, most people probably do not look at trading volume (circulation).
But trading volume (circulation) has the following benefits.
Benefits of Trading Volume
The advantage of buying cryptocurrencies on exchanges with high trading volume is that you can purchase at a fair price.
If there is little trading activity, it becomes difficult for trades to be executed.
On exchanges where supply and demand are out of balance, prices tend to be higher than the fair price or lower than it.
In other words, it is a situation prone to losses, i.e., a high-risk situation. Conversely, high trading volume is evidence of active trading.
For example, if you want to buy 5 BTC but only 1 BTC is being sold on the exchange, you would need to wait for the remaining 4 BTC to be traded.
On a cryptocurrency exchange with high trading volume, there is hardly any waiting time, and you can obtain cryptocurrencies efficiently, whereas if the trading volume is low, you have to wait for sellers.
This waiting time can be fatal when attempting arbitrage.
The price gap is likely to close during the waiting time. (Of course, the opposite can also happen… haha)
There are rankings for the number of registered users per exchange, but the actual number of active users is not truly known.
However, by checking trading volume, it becomes obvious which exchanges have more active users at a glance.
By simply confirming whether there is a discrepancy between registration numbers and trading volume, you can quickly see which exchanges attract active users and which exchanges are more popular.
Along with high trading volume, it also indicates a higher likelihood of large investors being present.
Having large investors means that the security level is likely to be relatively high (reliable).
Because they have the selling points to attract large investors.
The revenue source for exchanges is fees.
Fees are incurred with each trade.
In other words, exchanges with higher trading volume and frequency tend to be more profitable.
If they are profitable, they can invest in security measures and improved services for cryptocurrency exchanges, so investors can use that exchange with peace of mind.
Some exchanges offer zero trading fees, but in most cases they earn profits from other fees.
General users are often judged mainly by trading fees, but if you do not also consider other fees, you may end up at a loss anyway.
Types of Domestic Cryptocurrency Exchanges
Now, let's quickly review.
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