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Can't anyone with some Bitcoins and some dollars be an exchange?
by ragebol 3y ago
Can't anyone with some Bitcoins and some dollars be an exchange?
- freedomben 3y agoYes anyone with bitcoin can "exchange" bitcoin directly, but when most people say "exchange" they mean some sort of trusted third party that executes and coordinates trades on somebody's behalf. With most crypto currencies there are significant risk and trust issues when going directly unless you trust the other party. It can also be very difficult to find somebody who wants to buy or sell the amount of coin that you are looking to buy/sell, so there's considerable utility in the match making.