What is a cryptocurrency exchange?

Cryptocurrency exchanges are online platforms used to buy and sell cryptocurrency. These platforms are intermediaries between the buyer and seller, allowing users to trade cryptocurrencies using fiat money or altcoins. Many investors opt to use cryptocurrency exchanges due to their relatively low trading fees.

What are the best cryptocurrency exchange platforms?

Here are some notable crypto exchange platforms: Founded in 2017, Binance offers a list with hundreds of currencies to pick from, with the bonus of having its own wallet. With over 50 cryptocurrencies to trade, Coinbase is one of the largest and most established cryptocurrency exchanges in the United States.

Can I withdraw cryptocurrency from a cryptocurrency exchange?

Dedicated cryptocurrency exchanges such as Binance and Coinbase do allow cryptocurrency withdrawals, however. A cryptocurrency exchange can typically send cryptocurrency to a user's personal cryptocurrency wallet.

Where to buy cryptocurrency?

If you're wondering where to buy cryptocurrency, using a cryptocurrency exchange platform is likely where you'll start your investment journey. Cryptocurrency exchanges are online platforms used to buy and sell cryptocurrency.