A cryptocurrency exchange is an online platform for buying cryptocurrencies or exchanging them with other digital assets. For example, CEX.IO allows users to exchange crypto for fiat and crypto to crypto. A crypto exchange usually acts as an intermediary between buyers and sellers. To trade cryptocurrencies on an exchange platform, you need to:
It’s important for a crypto exchange platform to provide a range of payment methods so customers can easily deposit and withdraw funds. For example, on CEX.IO you can use payment cards, bank transfers, Skrill and QIWI wallets, or cryptocurrencies.