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:
register an account
top up your balance
place trade orders.
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, Epay wallets, PayPal, and others, or cryptocurrencies.