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What are crypto exchange platforms?

Cryptocurrency exchange platforms appeared shortly after the introduction of crypto. Exchange platforms facilitate the trading of crypto for both other crypto and government-backed (fiat) currencies.

What is a crypto exchange?

A crypto exchange is a marketplace where you can buy and sell cryptocurrencies, like bitcoin, Ether or Dogecoin. Cryptocurrency exchanges work a lot like other trading platforms that you may be familiar with. They provide you with accounts where you can create different order types to buy, sell and speculate in the crypto market.

How to choose a crypto exchange?

There are lots of fees to take into account when choosing an exchange. Exchanges like Crypto.com, Binance.US and Coinbase are known for having competitive transaction fees. But, it’s also important to consider deposit and withdrawal fees, possible account inactivity fees and spreads. What is the most trustworthy crypto exchange?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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