How do cryptocurrency exchanges work?

Crypto exchanges function similarly to online brokerage platforms, providing you with the tools you need to buy and sell digital currencies and tokens like Bitcoin, Ethereum, and Dogecoin. When choosing a cryptocurrency exchange, it’s important to look at factors such as supported assets, fees, payment methods, and security.

What is a centralized crypto exchange?

While these exchange operators can make it easier to buy and sell cryptocurrency, there's a price to pay—typically, centralized crypto exchanges charge an additional exchange operator fee. Examples of popular centralized crypto exchanges include Binance, Coinbase, Kraken, Gemini, and Crypto.com.

How do I choose a crypto exchange?

See disclosure. Consider accessibility, fees, security, coins offered and liquidity when choosing a crypto exchange. exchange is key. Crypto exchanges work by allowing you to buy and sell these digital currencies—essentially, it's a digital marketplace.

What are the different types of cryptocurrency exchanges?

Centralized Exchange. The first and most common type of exchange is the centralized exchange. Popular exchanges that fall into this category are Coinbase, Binance, Kraken, and Gemini. These exchanges are private companies that offer platforms to trade cryptocurrency.