Academic and research papers on how buying cryptocurrency works generally focus on three areas: the (blockchain and order books), consumer behavior (intentions and psychology), and market structure (centralized vs. decentralized exchanges). 1. Technical & Structural Mechanisms
: Hosted on SSRN , this paper analyzes individual-level portfolio returns and the role of daily and monthly trading frequencies in exchange environments.
These papers detail the actual process of how a trade is executed between a buyer and a seller. how does buying cryptocurrency work
(PDF) Cryptocurrencies in Modern Finance: A Literature Review
: This report by the Bank of Canada explains how Centralized Exchanges (CEXs) match buyers and sellers in milliseconds using private ledgers and act as custodians for user assets. Academic and research papers on how buying cryptocurrency
These papers explore why people decide to buy and the barriers they face.
: Found on ResearchGate , this paper identifies that purchase intentions are driven by familiarity, trust, and perceived security. Technical & Structural Mechanisms : Hosted on SSRN
: Available via ScienceDirect , this article contrasts the "hot wallet" model of centralized exchanges with the non-custodial, smart-contract-based architecture of Decentralized Exchanges (DEXs). 2. Consumer Behavior & Adoption