Overview of Crypto trading
What is a cryptocurrency exchange?
The exchange plays the role of an intermediary between the buyer and the seller.
Exchanges operate like a brokerage and accept payment through card or other forms of electronic payment in exchange for cryptocurrencies.
The cryptocurrency exchange often levies a fee for this process.
Exchanges are able to send the digital assets to a consumer’s personal wallet. Other digital currencies are backed by other commodities, such as precious metals, including gold.
There are two types of cryptocurrency exchanges: decentralized and centralized.
A centralized exchange, which is the most common way to trade cryptocurrencies, involves the exchange acting as the middleman to facilitate the transactions between the parties."