What is a Crypto Exchange? A crypto exchange is an online platform where users can buy, sell, trade, and exchange cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others. It works like a stock exchange but for digital assets. Types of Crypto Exchanges, * Centralized Exchanges (CEXs) - Operated by a company that controls transactions. - Users must create an account and often complete KYC (identity verification). - Examples: Binance, Coinbase, Kraken, KuCoin. * Decentralized Exchanges (DEXs) - No central authority; users trade directly from their wallets. - More privacy and security but can be complex for beginners. - Examples: Uniswap, PancakeSwap, dYdX. * Hybrid Exchanges - Combine features of both CEX and DEX. - Offer security and liquidity without full centralization. - E xamples: DeversiFi, Nash. Functions of a Crypto Exchange - Buy/Sell Crypto: Convert fiat (USD, EUR) to cryptocurrencies and vice versa. - Crypto-to-Crypto Trading: Swap one cryptocurrency for another ...