What are Cryptocurrency Exchanges?

[amzexpert]

Thanks for your brief explanation about the crypto currency exchange. I have also information about these exchanges i want to tell you that there work is only to provide you the exchange you can exchange any coins from this exchange site. Just be careful of the fake exchabge sites.

[Fingolfin]

A cryptocurrency exchange is a platform where you may buy and sell digital currencies.You may use exchanges to swap one cryptocurrency for another — for example, changing Bitcoin to Litecoin — or to buy cryptocurrency with fiat currency, such as the US dollar.There are currently many centralized or decentralized exchanges that allow us to do these transactions.I am using Bitay which is CEX.Everyone's preference is different, of course, but in general, the places where you can perform these transactions are exchanges.

Bitay is a brand-new exchange for digital money.They'll build their own #NFT exchanges and coins.They've already begun to receive accolades. The crew appears to be putting in a lot of effort. They create excellent bargains. They also retain all of their crypto assets in cold wallets.

[raisajahan]

Crypto currency is a platform where buyer buying some coin at a low price and selling it at a higher price for that transaction there need to exchanger that may dex means decentralized exchange or cex means centralized exchange both are essential for buying or selling coin. One the other hand there are many wallet available in the market like trust wallet for binance smart chain or myether wallet for ethereum network. Few example for dex is pancakeswap for binance and uniswap for ethereum network one the other hand few example of cex number one binance and gate.io etc.

[AGM]

I think you make a good lesson for all the users especially those who are new in the crypto space. Your lesson give the proper idea to understand what is trading and how does it work or how can you trade in the crypto currency and what are the exchanges. I just say again that crypto currency exchange is the platform where you can buy and sell listed currency. If you earn crypt by bounty campaign you have use exchange to liquid you assets money. If any one directly use this exchange then they will understand clearly.

[Alter]

Cryptocurrency exchange is a website where you can buy, sell or exchange cryptocurrencies for other digital currencies or traditional currencies such as US dollars or Euros. For those who want to trade professionally and have access to fancy trading tools, you may need to use an exchange that requires you to verify your ID and open an account. If you only want to make occasional, live trades, there are also platforms you can use that don't require an account. There are currently a number of platforms to choose from, but not all exchanges are created equal.

[Review]

You have explained well about crypto exchange mate. In fact, when i was just newbie in crypto world, i only knew about Bitcoin and heard that it could be traded for my own country money . But i was confused how to do so . Later i come to know about crypto exchange where we can do P2P exchange and we can get cash via bitcoin . What a pretty way right ? Hope newbie will learn new thing from your this topic.

[Callisto]

Choosing an exchange for yourself is a huge process, which is very important, now we are offered at least 20 exchanges that everyone knows, but everyone decides for himself with the choice. After all, the very first question that comes to mind is decentralized or centralized?

[doc]

Choosing an exchange for yourself is a huge process, which is very important, now we are offered at least 20 exchanges that everyone knows, but everyone decides for himself with the choice. After all, the very first question that comes to mind is decentralized or centralized?

For exchange, I prefer use binance, it's my favourite exchange.
Binance has hug market volume and many features there.
I always use binance every day for my daily trading.
I enjoyed it.

[Feraye_deniz]

Friends who commented beautifully explained what the exchange is.As for the stock market I use, its name is Bitay.

[Cadaver20]

For exchange, I prefer use binance, it's my favourite exchange.
Binance has hug market volume and many features there.
I always use binance every day for my daily trading.
I enjoyed it.

Binance is the number one cryptocurrency exchange in the world. I like this exchange very much because the trading volume of any coin is high and the trading pair is maximum. I have recently completed kyc to trade here.

[collinsjie]

Your post is so educative. In cryptocurrency exchange, I prefer finance exchange because it has all the features I needed for all my transactions. With Binance I can easily convert my assets to my local fiat currency.

[Review]

Cryptocurrency exchanges is mainly used for converting the crypto coins into btc,eth,usd etc.There are many other crypto exchanges like binance,kucoin,uniswap,idex etc.By using this exchanges anyone can convert their crypto coins into btc,eth etc.

Really? Exchange only used for converting our coin? Its seems you have less idea about trading because most of the time, we used exchange to trading. Trading kinda like sport trading, future trading and marging trading. And to do this kind of trading, you must need to have an exchange account but if you think exchange is for converting only? I suggest you to learn more about trading. Cheers mate!

[Oakenshield]

A stock exchange is a venue where you can trade stocks, commodities, derivatives, and other financial products.You can follow your transactions such as buying and selling on an exchange of your choice.There are CEX and DEX exchanges, I generally prefer DEX exchanges such as Pdex. Preferences vary from person to person, so you need to know your own wishes when choosing

[Nowme]

thanks that was alot of information you posted but i'm still having doubts of newly launched exchanges because someone need to keep an eye on these exchange brokers like in stock exchanges, but it should be monitored by a legit decentralised organization.

[Louis_Sarquillas]

A stock exchange is a venue where you can trade stocks, commodities, derivatives, and other financial products.You can follow your transactions such as buying and selling on an exchange of your choice.There are CEX and DEX exchanges, I generally prefer DEX exchanges such as Pdex. Preferences vary from person to person, so you need to know your own wishes when choosing

Do you know Polkadex has both Cex and Dex features?