A crypto exchange is an online marketplace where cryptocurrencies are acquired and swapped.

Crypto exchanges come in two primary forms: centralized and decentralized platforms.
Centralized exchanges (CEXs) are managed by companies, Resource ensuring smooth transactions for traders.
However, they require users to trust the platform, which introduces potential security concerns.
On the other hand, decentralized exchanges (DEXs) enable users to transact independently. Built on blockchain protocols and utilizing smart contracts, DEXs prioritize user control but may challenge beginners due to technical interfaces.

Choosing a crypto exchange requires considering various factors. Knowledge of both types assists in effective trading.