Bitcoin 101: How Do You Buy Bitcoin? The Motley Fool
There are many cryptocurrency exchanges, but there are only two types—centralized and decentralized. Decentralized exchanges allow users to remain pseudo-anonymous and generally don’t require personal information. For certain demographics, including refugees or those living in countries with little to no infrastructure for government credit or banking, decentralized exchanges allow access to the global economy. Exchanges are a convenient option because they offer a breadth of features and more cryptocurrencies for trading. Exchanges also enable investors to buy, sell, and hold cryptocurrency and allow users to transfer crypto to their online …