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What are Crypto Exchanges? Full Guide for Beginners (Animated)A crypto exchange is a marketplace where you can buy and sell cryptocurrencies, like Bitcoin, Ether or Dogecoin. Cryptocurrency exchanges work a. Cryptocurrency exchanges are platforms that facilitate the trading of cryptocurrencies for other assets, including digital and fiat. Unlike a crypto broker, a cryptocurrency exchange allows users to trade cryptocurrencies directly with other buyers and sellers. Exchanges allow traders to sell.