Beginner’s Guide to Crypto Exchanges
What is a Crypto Exchange?
If you’ve read the previous lessons from my “Beginner’s Guide to Bitcoin Wallets“, you’ve learned what a crypto wallet is, how to set one up, and how to send and
What is a Centralized Crypto Exchange (CEX)?
A centralized crypto exchange (CEX) is a business that provides you with a multitude of services such as a crypto trading platform (buy and sell transactions), account services (account funding and withdrawal), and customer support
How Do Crypto Exchanges Work?
Centralized crypto exchanges (CEX) operate in different countries and support different local (fiat) currencies and different cryptocurrencies. But they all work in similar ways. Let’s go over the steps: Create an
How to Choose a Crypto Exchange
Doing your own homework (“DYOR”) first before trading on a crypto exchange is important. Don’t just pick an exchange just because it’s the first one you see listed on Google
What is KYC?
I know what you might be thinking… Nope. Sorry. Unfortunately, it’s NOT a new kind of Kentucky chicken. What is KYC? When opening an account, you may notice that the
What is 2FA?
After signing up with a crypto exchange, you’ll probably be required to configure security settings on your account and come across something called “2FA“. In this lesson, I’m going to
What are Fiat “On-Ramps” and “Off-Ramps”?
If you’re new to the crypto world, it won’t be long until you come across the phrases, “fiat on-ramps” and “fiat off-ramps”. In this lesson, you’ll learn what these phrases
What is the Bid and Ask Price?
On your crypto exchange’s trading platform, when looking to trade a specific cryptocurrency like bitcoin (BTC), you will see a bunch of numbers known as the “bid” and “ask” prices.
What is Liquidity?
More specifically, what is market liquidity? One thing is for sure, it has nothing to do with buying or selling water. What is liquidity? Liquidity, or more specifically, market liquidity, refers to the ease
What is an Order Book?
In the crypto market, most crypto traders and investors buy and sell cryptocurrencies on a centralized exchange (CEX). A key concept that you should understand before placing your first crypto trade on