What is a crypto exchange?

Crypto exchanges are where most crypto traders buy and sell bitcoin , ether , dogecoin and other types of cryptocurrency. In its rawest and most decentralized form, cryptocurrency is relatively unfriendly to obtain and use. Crypto exchanges make it fairly simple to trade all sorts of crypto tokens and coins.

Should you use a crypto exchange?

Carefully consider the cryptocurrencies available on a given exchange. You might be perfectly fine using a crypto exchange that only trades a few coins. Conversely, if you’re a crypto fiend, you may want access to all of the more than 600 available on Gate.io. The availability of coins alone isn’t sufficient if there are no trades happening.

Are cryptocurrency exchanges safe?

In general, cryptocurrency exchanges are not as secure or as closely regulated as other investment platforms. The crypto world has been subject to numerous frauds, scams, and bankruptcies. Most crypto platforms have an F rating from the BBB. But that doesn't guarantee whether the platform will be good for you.