Exchanges, in plain English.
What crypto exchanges are, the centralized-vs-decentralized distinction, on/off-ramps, identity checks (KYC), and withdrawing safely.
For: Buying or storing crypto · Staying secure
What is a crypto exchange?
A crypto exchange is a platform for buying, selling, or swapping cryptocurrency. Some are run by companies that hold you…
What is the difference between a centralized and decentralized exchange?
A centralized exchange (CEX) is run by a company that holds your funds and manages accounts. A decentralized exchange (D…
What are on-ramps and off-ramps?
An on-ramp converts government currency into crypto; an off-ramp converts crypto back into government currency. They're …
What is KYC?
KYC stands for 'Know Your Customer' — the identity checks many platforms perform to meet regulatory requirements. You ty…
How do I withdraw crypto safely?
Withdraw by verifying the destination address and network carefully, sending a small test amount first, and confirming r…