Today the market of digital assets hosts over 20 000 different cryptos: coins, tokens, NFTs, DeFi tokens, etc. To buy crypto online, investors use crypto exchanges. They are websites allowing people to sell, buy, exchange, and trade crypto coins and take a commission for their services. Every crypto exchange had other conditions:
- Different number of traded pairs
- Different fee charged
- Various reading tools
- Level of safety
- Limits on withdrawals
One of the biggest crypto platforms for trading in Europe is WhiteBIT. It supports all popular trading pairs and adds up-and-coming crypto assets to its traded list. WhiteBIT is a regulated cryptocurrency exchange that has licenses for work and complies with all the regulations in this field. It is a custodial service that ensures safe funds storage for its clients. You can buy crypto online using your fiat money on WhiteBIT as well as withdraw your funds to a bank card in a couple of minutes.
Now let’s talk about DeFi. Why are DeFi tokens gaining momentum?
What Does DeFi Mean?
Decentralized finance is a direction in crypto that seeks to revolutionize conventional finance by using blockchain technology and decentralized networks to build services and applications that are more accessible, transparent, and secure.
In conventional finances, services are often provided by centralized authorities such as banks and corporations. However, these institutions are often seen as opaque, slow, and vulnerable to theft and hacking. DeFi aims to change this by building services based on decentralized networks, making it possible for users to interact directly with these services without middlemen.
One of the key benefits of DeFi is its security. Since DeFi apps are based on decentralized networks, they are less vulnerable to theft, hacking, and censorship.
The best DeFi tokens:
You can buy these tokens on the WhiteBIT crypto exchange. Learn more about DeFi on the WhiteBIT blog. The WhiteBIT blog provides a wealth of information on DeFi, or decentralized finance, a growing sector of the cryptocurrency industry that aims to create financial services and applications that are open, transparent, and accessible to all. The blog covers a range of topics related to DeFi, including the underlying technology and protocols, as well as the latest trends and developments in the space. The blog also offers guides and tutorials on how to participate in DeFi, including how to use decentralized exchanges and how to lend and borrow cryptocurrency through decentralized lending platforms. Overall, the WhiteBIT blog is a valuable resource for those looking to learn more about DeFi and how it is transforming the traditional financial landscape.