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A crypto exchange is a platform where you can buy, sell, and trade cryptocurrencies. Think of it like the stock market, but for crypto. There are two main types:
Centralized Exchanges (CEX) — Companies like Binance, Coinbase, and Kraken act as middlemen. You deposit your money, they match buyers with sellers, and they hold your funds. They are easy to use but require you to trust the company.…