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.

What is a centralized crypto exchange (Cex)?

Centralized crypto exchanges (CEX) are managed by one organization. Centralized exchanges make it easy to get started with cryptocurrency trading by allowing users to convert their fiat currency, like dollars, directly into crypto. The vast majority of crypto trading take place on centralized exchanges.

Do crypto exchanges offer advanced trading features?

Some crypto exchanges support advanced trading features like margin accounts and futures trading, although these are less commonly available to U.S.-based users. Others have features like crypto staking or crypto loans that allow you to earn interest on your crypto holdings.

How do crypto exchanges rank?

Crypto Lending. Some crypto exchanges allow users to lend out their cryptocurrency. These ten variables benchmark features and options across the crypto exchanges and brokerages we surveyed. For each ranking, the sum of weighted values across all or some of these key factors was calculated to award each brokerage or exchange its overall rank.