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What Is A Crypto Exchange?

In simple terms, a cryptocurrency exchange is an online trading platform where you can deposit money (i.e. U.S. dollars or other fiat currency) in order to purchase digital currencies. It is an "online marketplace" where you'll be able to buy, sell & trade cryptos.

Most exchanges allow you trade or "swap" your coins for other coins, and some even let you earn interest for the cryptos that you keep in your exchange account. 

How To Choose The Best Cryptocurrency Exchange?

Many factors should be consideres when choosing which exchange you should use for trading digital currency. The most important ones are the fees of the platform, its security and the number of coins available to trade. You should also know how your cryptocurrency are being stored on the exchange, and if it is possible for your to transfert your coins from your exchange account to your own "cold storage" wallet.

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