What is a crypto exchange?

A crypto exchange is, very basically, a place where you can purchase a cryptocurrency using either cash or another kind of digital asset. This roundup primarily discusses a type of crypto exchange known as a centralized exchange.

How do you get crypto?

Another way to get crypto is through what is known as a decentralized exchange. These are largely automated, blockchain-based programs that allow users to swap certain kinds of cryptocurrency for one another. While these can have lower transaction costs, they also require more technical expertise.

How do cryptocurrency wallets work?

Users can buy, sell, and receive cryptocurrencies using these wallets. Many cryptocurrency wallets allow users to hold numerous cryptocurrencies, including Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, among many others. While some cryptocurrency wallets may only handle a single cryptocurrency, others are multi-asset solutions.