Basic
About crypto exchange
A crypto exchange is a platform that lets you buy and sell your Bitcoin, Dogecoin, Ether, or other cryptocurrency tokens at fixed prices and with security. The exchange is a website or an app that lets you convert your fiat currency (like USD or INR) into cryptocurrency. You can use these exchanges to convert the crypto coins back to fiat currency and into your bank account. In absence of an exchange, if you wanted to buy a crypto coin, you would have to find another person willing to sell that coin. Then both would have to agree at an exchange rate, then send the crypto to your wallet, which is obviously a little more complicated.
