The buzz is everywhere. Everyone is talking about it and wants to take a share in the new oil well, but what is the crypto exchange in an actual sense?
In its simplest form, a crypto exchange is a digital platform/marketplace for buying/selling cryptocurrencies between direct sellers/buyers. If this makes sense to you, continue reading, or reread the above definition. To understand it better, exchanging crypto is different from trading crypto.
While exchanging involves direct linking with sellers or buyers, trading could happen in different forms which can be third-party or direct.
This article provides a comprehensive guide to crypto exchange, to enable you to understand what it means and how it works.
What is a crypto exchange?
A crypto exchange platform is a crypto space for transacting cryptocurrencies including fiat otherwise called local currencies.
There are many crypto exchange platforms where individuals can join directly to trade or invest their cryptocurrencies for other currencies including fiat.
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Popular crypto exchanges
 | Binance | Join Buy Sell |
 | Bybit | Join Buy Sell |
 | OkX | Join Buy Sell |
 | Bitget | Join Buy Sell |
 | Gate.io | Join Buy Sell |
 | KuCoin | Join Buy Sell |
 | HTX | Join Buy Sell |
 | MEXC | Join Buy Sell |
 | Nexo | Join Buy Sell |
 | LBank | Join Buy Sell |
See the full list of crypto exchanges and their ratings.
How does Crypto exchange work?
A crypto exchange unlike normal trading is not simple. The crypto exchange involves transacting cryptocurrencies using different currency pairs.
A person who is into crypto exchange buys cryptocurrencies and pays off their worth in the agreed fiat currency, the process is very important although they still have to trade or invest them on their part.
How to trade crypto
Trading crypto is easy and rewarding, many people have made it very big while trading crypto and more are still making it big.
If you want to trade crypto and make it big while doing that, you have to do the following;
- Sign up with platforms that guide beginner traders to get started as listed above
- Gather helpful materials on trading and pay attention to every detail.
- Try trading when you have learnt enough
To make the experience more rewarding and worthwhile, try engaging in crypto airdrops where you gather points of new crypto projects and trade them later upon launching. You earn more in this and the experience too.
Trade with Finbutton
| Currency Pairs | Latest Price (₦) | Trade Now |
|---|---|---|
| Pi | ₦1000+ | Sell |
| Athene | ₦35+ | Sell |
| Sidra | ₦210+ | Sell |
| TON | ₦2000+ | Sell |
| BTC | - | Buy Sell |
| ETH | - | Buy Sell |
| USDT | - | Buy Sell |
| Coins in Exchange | Exchange Rate | Buy Sell |
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Tasks
| Task | Action |
|---|---|
| Follow on X | Go |
| Join Telegram Channel | Go |
| Follow on FB | Go |
| Refer A Friend | Go |
| Join ByBit | Go |
| Join Binance | Go |
| Join BitGet | Go |
Donate
| Follow on | Donate | Trade |
|---|---|---|
| $USDT | $PI | |
| Telegram | $BTC | $SIDRA |
| $ETH | $USDT |
