A cryptocurrency exchange is a service for changing digital currencies, such as Bitcoin, Ethereum, and more, to fiat (paper) currencies or for other digital currencies. At TraderMines, you can exchange your fiat currency, such as dollars or Euro, for several cryptocurrencies. You can also exchange your Bitcoin for fiat.
Cryptocurrency is a general name referring to all encrypted decentralized digital currencies such as Bitcoin, Litecoin, Ethereum and Ethereum Classic. They use cryptography to create coins and secure transactions. Typically, cryptocurrencies are open source and the transactions are based on blockchain technology.
Cryptocurrencies are traded via wallets, which are used to store, send, and receive digital currency. Most coins have an official wallet or a few officially recommended third-party wallets. You cannot invest in any cryptocurrency without using a dedicated cryptocurrency wallet.
With TraderMines, you can skip complex processes like mining and just buy and trade cryptocurrency securely with your credit or debit card. Let’s get started!