A buy crypto exchange is a platform where cryptocurrencies are bought, sold, and traded.
Crypto exchanges are classified into two groups: centralized and decentralized platforms.
Centralized exchanges (CEXs) function similarly to conventional banks, providing accessible features and customer support.
The downside is the reliance on the exchange for fund storage, which can lead to issues with security.
Alternatively, decentralized exchanges (DEXs) enable users to transact independently. Relying on decentralized infrastructure, DEXs prioritize user control but are often less user-friendly.
Choosing a crypto exchange requires considering various factors. Knowledge of both types helps users maximize opportunities.