What is an exchange?

1 year ago

An exchange is an online platform where users can buy or sell cryptocurrencies — and other digital assets — on a peer-to-peer basis.

The most popular cryptocurrency exchanges include Binance, Coinbase, and Bitstamp. But there are hundreds of different exchanges available to use. Higher profile exchanges are much more secure than lesser-known ones, so we always recommend you choose an exchange with a strong reputation.

Once you’ve bought cryptocurrency, it’s important to move your funds off the exchange and store them in a secure wallet (read more: how to set up a crypto wallet).

Most reputable exchanges offer the following features:

  • Purchase cryptocurrencies with Fiat, BTC or ETH
  • 24/7 trading opportunities
  • Near-instant deposits and withdrawals

You can currently buy EUM at the following exchanges: