Crypto exchanges act as the foundation of the cryptocurrency market, allowing users to buy, sell, and trade digital assets.

Crypto exchanges can be divided into two main categories: centralized and decentralized platforms.
Centralized exchanges (CEXs) are controlled by central authorities, ensuring smooth transactions for users.
The downside is the reliance on the exchange for fund storage, which can lead to issues with security.
On the other hand, decentralized exchanges (DEXs) enable users to transact independently. Relying on decentralized infrastructure, DEXs prioritize user control but may challenge beginners due to technical interfaces.

To select the right crypto exchange, users should evaluate security, fees, and features. Knowledge of both types assists in effective trading crypto.