Cryptocurrency exploded onto the finance scene in 2009 with Bitcoin's
release. Since then, hundreds of other blockchain projects have been developed. An exchange is a website where you can buy
, sell and trade
cryptocurrency. There are many different exchanges and each exchange has something unique to offer the market. Some offer lower transaction fees than others. Some offer high security standards, while some do not. Do your own research before choosing an exchange to ensure that it has everything that you need to meet your needs.
Simply put, a cryptocurrency exchange
is an online platform where you can buy, sell or exchange cryptocurrencies. Customers can also trade cryptocurrencies for other assets, such as conventional fiat money. One of the main features of a crypto exchange is that you can use it to instantly purchase cryptocurrencies with your banking details.
A cryptocurrency exchange may hold an event or promotion for a variety of reasons. Often, a crypto exchange will run a promotion to help bring users to their service, or to show existing users a new feature or aspect of their site. Some exchanges might hold crypto airdrops
, which are a popular marketing technique in the crypto space.