Beginner’s Guide to Crypto Exchanges

Beginner’s Guide to Crypto Exchanges

How do you buy bitcoin? Learn where to buy, sell, and trade cryptocurrencies.

What is a Crypto Exchange?

As you journey through the crypto world, it’s important to know how to spot and avoid crypto scams. That’s what this guide will help you with.

What is a Centralized Crypto Exchange (CEX)?

Learn what a CEX (centralized exchange) is and how they work.

How Do Crypto Exchanges Work?

Learn how to use centralized crypto exchanges (CEXs) including how to open an account, deposit and withdraw funds, and buy and sell crypto.

How to Choose a Crypto Exchange

There are a lot of cryptocurrency exchanges you can choose from these days but how do you know they don’t suck?

What is KYC?

Crypto exchange requires you to complete something called a “KYC” verification process. Learn how KYC works.

What is 2FA?

Most crypto exchanges require “2FA.” to use your trading account. Learn what 2FA is and why it’s important.

What are Fiat “On-Ramps” and “Off-Ramps”?

If you’ve ever bought crypto with fiat money, you’d have used a “fiat on-ramp” You might’ve even heard of fiat on-ramping and off-ramping, but what does it all mean?

What is the Bid and Ask Price?

On crypto trading platforms, you’ll see a bunch of numbers known as the “bid” and “ask” prices. What are these prices? And what do they mean?

What is Liquidity?

Learn what the concept of liquidity is and why it’s important for crypto exchanges.

What is an Order Book?

Understand the purpose of a crypto exchange’s order book and how it is used to execute trades.

What is a Depth Chart?

To help you visualize the buy and sell orders in an order book, you can look at a market depth chart.

What are Maker Fees and Taker Fees?

Mose crypto exchanges use the maker and taker fee model for trading fees. Learn what maker and taker fees are and understand the difference between the two.