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Exchange

A cryptocurrency exchange is a platform that allows users to buy, sell, and trade digital assets such as Bitcoin, Ethereum, and altcoins. Exchanges come in two forms: centralised (CEX), like Binance or Coinbase, and decentralised (DEX), like Uniswap. Centralised exchanges offer user-friendly interfaces, high liquidity, and customer support but require identity verification (KYC). DEXs offer more privacy and control over funds, operating through smart contracts. Exchanges also offer tools for portfolio tracking, market analysis, and margin trading. Choosing the right exchange depends on factors like security, fees, and available assets.

Related Words

Encryption

Beginner

Encryption is a method of converting readable information into a secure format using cryptographic techniques. It safeguards wallets, private keys, and transaction data from unauthorised access.

ERC-20

Intermediate

ERC-20 is a technical standard for creating tokens on the Ethereum blockchain. It defines rules and functions that Ethereum-based tokens must follow, enabling seamless interaction across wallets, exchanges, and dApps.

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Trading in Virtual Assets involves significant risk, including the potential loss of your entire capital. None of our communications are intended to provide investment, legal, or financial advice, nor to induce you to trade in such instruments. You should assess your risk tolerance and seek independent expert financial advice before trading. You must ensure that your use of BitDelta’s services complies with all applicable laws and regulations, as further detailed in our Terms and Conditions. Please carefully review our Terms and Conditions, Risk Disclosure Statements, and Security and Privacy Policies to understand the risks involved and the limitations on our liability before using our services.​
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