Best and Safest Ways to Store Cryptocurrency – Forbes Advisor Australia
Crypto Exchange
Crypto exchanges are essentially digital marketplaces that let you use fiat currency, like the Australian dollar, to purchase cryptocurrency like bitcoin and Ethereum, trade one type of crypto for another, and convert your crypto back into cash.
Most popular exchanges like Binance, Coinbase, CoinSpot and eToro are run like any other online platform (that is, they don’t leverage the blockchain and are considered ‘centralised’). This is also why they’re popular: they’re user-friendly and convenient.
Decentralised exchanges (DEXes) allow you to trade directly with other users without trusting a third party. While they require more technical understanding to use, they connect directly with your personal…
