What is a crypto exchange?

Cryptocurrency exchanges are online platforms where you can convert cryptos to fiat currencies or another type of crypto. They can accept wire transfers, credit card payments, and other payment forms in exchange for digital assets. Don’t confuse crypto exchanges for cryptocurrency wallets. Crypto wallets act as a store for your digital assets.

What is a bitcoin exchange?

A bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins using different fiat currencies or altcoins. A bitcoin currency exchange is an online platform that acts as an intermediary between buyers and sellers of the cryptocurrency . The currency ticker used for bitcoin is either BTC or XBT.

How do I exchange cryptocurrency on swapzone?

Here’s how to easily exchange any cryptocurrency on Swapzone Go to Swapzone to get your work started. Select the cryptocurrency that you'd like to exchange, a coin or a token. Specify the total amount you're going to transfer. Select a crypto asset you’d like to get in the Get Up To section. Review the offers on the screen.

What is a centralized crypto exchange (Cex)?

Centralized crypto exchanges (CEX) are managed by one organization. Centralized exchanges make it easy to get started with cryptocurrency trading by allowing users to convert their fiat currency, like dollars, directly into crypto. The vast majority of crypto trading take place on centralized exchanges.