Blockchain 101 Episode 33 – How to invest in cryptocurrencies through an exchange platform?

Compared to peer-to-peer trading or mining, purchasing cryptocurrencies on exchange platforms is by far the most common way of investing in or trading of cryptocurrencies. It’s like a stock exchange, where the platform collects and matches the bids and asks you won’t know, and don’t have to know who you are trading with. Your match may be one person, or a group of people. Whether it’s a bid or an ask, the platform will record every order. Both buyers and sellers are informed of the latest price through the platform.

Meanwhile, the exchange will gather historical prices and trading volume and reflect these data as a candlestick chart, coming in handy for investors to analyze the market trend. To date, Huobi Pro is one of the most popular cryptocurrency exchanges in the world.