What is a crypto exchange?

A crypto exchange is a marketplace where you can buy and sell cryptocurrencies, like bitcoin, Ether or Dogecoin. Cryptocurrency exchanges work a lot like other trading platforms that you may be familiar with. They provide you with accounts where you can create different order types to buy, sell and speculate in the crypto market.

Do crypto exchanges charge trading fees?

Crypto exchanges may charge trading fees when you buy, sell, or trade cryptocurrencies. These fees vary between exchanges and can be calculated in different ways, such as a percentage of the transaction amount or a fixed amount per transaction. For example:

What is the difference between a crypto exchange and a trading platform?

The terms “crypto exchange” and “crypto trading platform” are often used interchangeably because they facilitate cryptocurrency trading. You can use them to execute trades, monitor market trends, and manage your crypto portfolio. However, crypto trading platforms provide a wider range of services.