What is a cryptocurrency exchange?

A cryptocurrency exchange is similar to a stock exchange, but with a focus on cryptocurrency tokens rather than stock trades. Essentially, a crypto exchange offers a platform whereby customers looking to buy and sell cryptocurrency assets can exchange the digital tokens in values based on current market prices.

What is the darknet market (cryptomarket)?

What is the 'Darknet Market (Cryptomarket)'. Darknet markets, or cryptomarkets, are dark web sites with goods for sale. Although some products for sale are legal, illicit goods such as drugs, stolen information and weapons are common items in these markets. The transaction in darknet markets are anonymized.

What is the best cryptocurrency exchange?

With over 50 cryptocurrencies to trade, Coinbase is one of the largest and most established cryptocurrency exchanges in the United States. Because of its strong security, transparency and simple interface, users find it easy to buy and sell crypto using Coinbase.

Are cryptocurrency exchanges unsecured creditors?

Unlike traditional brokerage firms, cryptocurrency exchanges are not members of the Securities Investor Protection Corp. (SIPC). Therefore, unless user terms specify otherwise, investors with cryptocurrency assets commingled on a custodial cryptocurrency exchange could potentially lose their funds as unsecured creditors. 1