A crypto exchange is have a peek here platform where cryptocurrencies are bought, sold, and traded.

These exchanges are broadly categorized into two main types: centralized and decentralized.
Centralized exchanges (CEXs) depend on third-party operators, ensuring smooth transactions for users.
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 can be complex to navigate.

To select the right crypto exchange, users should evaluate security, fees, and features. Knowledge of both types helps users maximize opportunities.