What is the primary market of cryptocurrency?

The primary market of cryptocurrency refers to the market where you buy cryptocurrency directly from the project party or the coin issuer. Let's take a closer look at the difference between the primary market and the secondary market and how to participate:

Primary market:

Also known as the issuance market or primary market.

In the primary market, you can buy cryptocurrency directly from the project party or the coin issuer.

The main issuance methods include:

ICO (Initial Coin Offering): The project party operates on its own and sells the coin directly to investors.

IEO (Initial Exchange Offering): Sell the coin to investors through the exchange's assistance and matching.

IDO (Initial Dex Offering): Sell the coin to investors through a decentralized exchange.

Advantages of the primary market:

Lower costs.

More investment opportunities.

Disadvantages of the primary market:

More research and homework are required.

Higher risks, and the project has not been verified by the trading market.

Secondary market:

Buy and sell already issued cryptocurrencies in the trading market.

Advantages of the secondary market:

More convenient.

Basic verification and review.

Disadvantages of the secondary market:

Higher costs.

Fewer investment opportunities.

The most basic difference between the primary market and the secondary market is who sells it to you. In the primary market, you buy directly from the issuer; in the secondary market, you buy issued cryptocurrencies from other investors. Choosing which market to participate in depends on your risk tolerance and investment goals. #CZ平安归来 #binance推荐码OFU67AVX