I didn’t realize how many exchanges there were that I could invest in when I started this journey. I have opened a crypto account and I have a storage token but I’m not really sure where to start. I will most likely go with Coinsquare since they mimic the stock market and I am more familiar with regular trading. I will post when I finally make a trade and give my thoughts.
Below is a list of the most well known exchanges. Blockgeek has a great article on exchanges here. Let’s first examine what an exchange is.
What is a cryptocurrency exchange?
Cryptocurrency exchanges are websites where you can buy, sell or exchange cryptocurrencies for other digital currency or traditional currency like US dollars or Euro. For those that want to trade professionally and have access to fancy trading tools, you will likely need to use an exchange that requires you to verify your ID and open an account. If you just want to make the occasional, straightforward trade, there are also platforms that you can use that do not require an account.