Beginner’s Guide to Crypto Exchanges

Want to buy bitcoin and other cryptocurrencies but don’t know where to start?

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

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

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

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

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

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?

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?

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

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

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

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.