How Does a Crypto Exchange Service Work?

Sometimes, our users ask us how a cryptocurrency exchange works and where do all the coins on an exchange come from. Thus, here, we will check where all the coins that you can buy on an exchange come from and how an exchange works.

Most coins come from the same users like you are. When you want to buy a coin, you pay for it with coins of a different type. Say, when you place a request to exchange LTC to BTC, you buy somebody`s Bitcoins, and somebody will buy your Litecoins.

In our case, we also collaborate with multiple exchanges and choose the most relevant buy/sell requests from them. Thus, the chances of unmatched requests are very low. We have our own inventory of coins to process a request even if other exchanges aren`t able to provide the needed liquidity level.

Our SmartRate technology receives the information about a user`s exchange request from all exchanges with which we work, performs an instant auction, and offers the best rate to the user. Thus, our users can count on the most beneficial exchange rates across different exchanges.

If you use LetsExchange.io, you can count on all the mentioned benefits. Thus, what about starting exchanging your coins and earning right now, without time-demanding registration procedures? More than 200 coins are available! Move to our exchange and start using all advantages it offers!