What is a cryptocurrency exchange?

A cryptocurrency exchange is a digital platform where individuals can buy, sell, and trade cryptocurrencies with other individuals or entities. These exchanges allow users to exchange one type of cryptocurrency for another, or to trade cryptocurrencies for fiat currency, such as US dollars or Euros.

Cryptocurrency exchanges are similar to traditional stock exchanges, providing a marketplace for buyers and sellers to trade assets. However, unlike traditional exchanges, cryptocurrency exchanges operate 24/7, and are accessible from anywhere worldwide as long as you have an internet connection. Additionally, cryptocurrency exchanges typically offer a wider range of assets to trade, including both popular and lesser-known cryptocurrencies. These exchanges typically charge fees for trading and withdrawals, which can vary depending on the platform and the type of transaction.

The article does not constitute financial advice.

Start with crypto today

Sign up on NBX, a trusted Norwegian cryptocurrency exchange and custodian, and kickstart your crypto journey safely.
Crypto 101
Explore the most popular crypto terms and find answers to your questions.

What is a derivative?

Read

What is a time horizon?

Read

What is a smart contract?

Read

What is Polkadot?

Read

What happens when all 21 millions Bitcoin are mined?

Read

What is phishing simulation and security awareness training?

Read

What is an ICO?

Read

What is a metaverse?

Read

What is Dogecoin?

Read
Blog

Insights, Trends, Analysis

Unraveling the cryptocurrency industry revolution.
#crypto101

AI tokens surge as NVIDIA announces record quarterly earnings

AI-related tokens surged shortly after NVIDIA posted their earnings for the fourth quarter. Learn more here.
2 minutes
2024-02-22
#crypto101

What happened with Ethereum - week 1 in review: Ethereum (ETH)

Many decided to buy Ethereum during the first week of the year. Learn why here.
2 minutes
2024-01-11
#crypto101

Why Ethereum rallied - week 48 in review: Ethereum (ETH)

The week in review: Ethereum (ETH) week 48 - 27th of November to 3rd of December - NBX Report.
2 minutes
2023-12-07
Cookie Consent

By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.