What Does a Crypto Exchange Do? ๐ช๐
A crypto exchange is a platform where you can buy, sell, or trade cryptocurrencies like Bitcoin, Ethereum, and more. Think of it like a currency exchange booth, but digital!
๐ Main Functions:
Buy/Sell Crypto: Convert your money (like USD or INR) into crypto.
Trade Crypto: Swap one cryptocurrency for another (e.g., Bitcoin to Ethereum).
Store Crypto: Some exchanges offer wallets to hold your assets.
Track Prices: Real-time market data helps you decide when to trade.
๐ก Tip for Beginners: Start with trusted exchanges like Binance. Always enable two-factor authentication for safety!