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.

What is a fake crypto exchange?

A fake crypto exchange usually begins with "http://" instead of "https://". You might think this is a non-issue, but it's actually shown that the exchange doesn't have good security. Domains that start with HTTPS have better safety compared to HTTP. 6. Be Careful With Payment Options

Should you use a crypto exchange?

Carefully consider the cryptocurrencies available on a given exchange. You might be perfectly fine using a crypto exchange that only trades a few coins. Conversely, if you’re a crypto fiend, you may want access to all of the more than 600 available on Gate.io. The availability of coins alone isn’t sufficient if there are no trades happening.