Crypto exchanges are online platforms facilitating the buying, selling, and trading of cryptocurrencies.
Users register and deposit funds into their accounts. They can then access the trading platform to place buy or sell orders, specifying prices or opting for market orders.
The exchange matches orders and executes trades.
Wallets are provided for storing cryptocurrencies, including hot and cold wallet options for enhanced security.
Users can withdraw funds by transferring cryptocurrencies to personal wallets or converting them to fiat currency and sending it to their bank accounts.
Factors to consider when choosing an exchange include supported cryptocurrencies, fees, security measures, and user experience.
