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Exchange, explained simply

A website or app where you buy, sell and trade crypto.

Exchanges such as Binance, Coinbase and Kraken match buyers and sellers and hold coins for their customers.

Check the exchange is allowed where you live, protect your account with 2-step sign-in, and remember that coins left on an exchange depend on that company staying safe and solvent.

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Written by Coin Healer for beginners. Information only, not financial advice.