Beginners Guide

A Complete Guide to Cryptocurrency Exchanges for Beginners

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Sep 10, 2021

So you have heard about cryptocurrencies, especially after the unbelievable market growth it caused worldwide in the last few years and was in news all the time. whichever the crypto may be, the first thing everyone wants is to get knowledge and own it.

So if you're wondering where to buy cryptocurrency, using a cryptocurrency exchange platform is likely where you'll start your investment journey. Cryptocurrency exchanges are online platforms used to buy and sell cryptocurrency.

If you're new to the field, there's much to learn. However, it's best to start with the most crucial tip of all Don't trade with money you can't afford to lose. It's easy to get caught up in the earning potential- fast returns and quick profits- but one can get swept away in a matter of seconds. Never borrow money to invest in crypto, and take only as big a risk as you can bear without burning a massive hole in your pocket.

You have that tip to remember as we move on to learn everything about crypto exchanges!

Read on!

What Is A Cryptocurrency Exchange?

Cryptocurrency Exchange or Digital Currency Exchanges (DCE) are financial platforms where investors, millennials, and even amateurs can purchase, store and sell digital assets related to cryptocurrencies such as Bitcoin, Litecoin, and Ethereum.

Crypto exchanges offer users an intuitive, quick, and user-friendly approach to acquiring cryptocurrencies and trading, whether in exchange for fiat currency or other cryptocurrency tokens.

Before we can fully understand cryptocurrency exchanges, we must evaluate the fundamental differences between cryptocurrency exchanges and traditional financial exchanges. At this point, it's evident that cryptocurrencies are pretty unstable and volatile in terms of market value and sourcing, and the recent surge in Bitcoin price is the greatest example.

Although cryptocurrencies are still minor in comparison to the broader financial industry, coins like Bitcoin have been ...

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