First of all, we must know what a cryptocurrency exchange is and how important it is for the crypto world. Furthermore, it is very important to fully understand exchange platforms to start your adventure in crypto trading. So, keep reading to know everything about it!
<h2>Cryptocurrency Exchange: What Is It?</h2>
It is well-known that cryptocurrency exchange is a digital market where you can sell and buy crypto coins, those people are called crypto traders. This type of exchange happens in digital platforms, where traders meet and can negotiate their cryptocurrencies. 

Therefore, the platform is easy compared to an intermediary, focusing on making it easier for traders to work their crypto coins. Cryptocurrency exchange means exactly what it says, it is an intermediary virtual place where people can make any type of exchange, particularly crypto coins. In cryptocurrency dialect, we can say sellers are the “makers” and buyers are the “takers.”
<h2>Exchange Platforms for Cryptocurrency</h2>
Now, we can proceed to learn about exchange platforms and how they work in reality. Those platforms are digital spaces where makers and takers meet to negotiate their cryptocurrencies. However, it is important to know that all trades are based on the market value of crypto coins.

There are a lot of exchange platforms all around the world. Although to make it easier, we can try to think of cryptocurrency exchange platforms as a stock exchange, where traders buy and sell cryptocurrencies such as Bitcoins instead of stocks.

Do not mistake bitcoin exchange with bitcoin wallet. The wallet is only virtual storage for your cryptocurrencies to be secured. On the other hand, bitcoin exchanges are the platform itself that make those transactions happen. It is important to know that many exchange platforms might charge fees for the transactions. The goal is to expand the cryptocurrency market.

As an example of an exchange platform, you can read <a href="https://www.bitcoinsensus.com/bitcoin-exchanges/phemex-review/" target="_blank" rel="noopener">Phemex Review</a>, which will be good to understand how those platforms work. Many people go looking for a cryptocurrency exchange platform due to its safety, security, and easy-to- trade specialties.

This platform has a few safety methods to reflect reliability to its traders, such as:
<ul>
 	<li style="font-weight: 400;">Sub-Account Isolation: where you can set a margin, leverage, and trading balance on your sub-accounts to keep the leverage and margin.</li>
 	<li style="font-weight: 400;">Stop-loss and Take profits: limit all your risks through a point of exit determination. Great for busy people who do not have the time to keep watching their trades.</li>
 	<li style="font-weight: 400;">Trailing Stops: for those who want a predefined amount of pips to stop loss.</li>
</ul>
This platform’s goal is to create entry-level derivatives trading for as many traders as possible, all at once. 
<h2>Types of Cryptocurrency Exchanges</h2>
Moving forward to learning about the exchange platforms, we find it essential that you know the 2 main types of cryptocurrency exchange. If you are interested in diving into this market, you will need this knowledge.

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<ul>
 	<li>
<h3>Centralized Exchange</h3>
</li>
</ul>
&nbsp;

This is the most common type and it belongs to the popular exchanges, private companies, and others. The centralized exchange requires you to register and identify yourself before you can make any kind of trade. Those are the ones who offer reliable exchange platforms.

The platforms in this category are all actively trading high volumes and have high liquidity. It is important to remember that all the cryptocurrency data and the platform itself is based on their private servers. Therefore, be careful if you choose this type of exchange.

&nbsp;
<ul>
 	<li>
<h3>Decentralized Exchange</h3>
</li>
</ul>
&nbsp;

Under different conditions, the <a href="https://www.cryptoknowmics.com/news/decentralized-exchange-also-allows-wash-trading-on-its-platform/">decentralized exchange</a> works the same way as Bitcoin. This type of exchange has no centralization, which means that there is no central control watching over the trades. There is no central private server designated to keep all the info and system working. 

Therefore, if there is an emergency and one computer dies or gets hacked, the trading system will not be affected. Because there will be many other computers or copies of work. Here, the essential information is that the type of exchange can not be ruled by any regulation, since there is no one running the system. On the other hand, everyone and no one participates.
<h2>Conclusion</h2>
In conclusion, we can notice that exchange platforms are an easier way to trade your cryptocurrencies, especially if you are starting from scratch. Therefore, learn, study, and find the best and suitable option for you!

Cryptocurrency Exchange: An Exchange Platform for Cryptocurrencies

What is a crypto exchange? its types and importance in the crypto world. Refer to Phemex Review, which will be good to understand how those platforms work.

As a keen observer of every latest development in the crypto world, Guest has formed a sound understanding of how the blockchain and cryptocurrency works. Guest likes to keep a tab on all the trends within the crypto industry and treats our readers with insightful content.

Cryptocurrency Exchange: An Exchange Platform for Cryptocurrencies

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