Crypto Exchange – What It Is, How It Works, and Which One to Use
If you’re thinking about buying Bitcoin or any other cryptocurrency, there’s one thing you absolutely need first — a crypto exchange. Now, I know the name “exchange” sounds intimidating, like some high-tech stock trading floor, but trust me — it’s much simpler than it sounds. In this post, I’ll break down what a crypto exchange is, how it works, and how to pick the right one — especially if you're a beginner. Whether you’re looking to invest long-term or try out a bit of trading, this guide is your friendly starting point. --- 🔄 What Is a Crypto Exchange? A crypto exchange is an online platform that allows you to buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, USDT, and many more. Think of it like a digital marketplace. Just like Jumia or Amazon connects buyers and sellers of products, a crypto exchange connects people who want to buy and sell crypto. Some exchanges also let you: Convert one crypto to another (e.g., BTC to ETH) Store your crypto (...