A cryptocurrency exchange, or a digital currency exchange (DCE), is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies
Acoinbase exchange, or adigital currency exchange(DCE), is a business that allows customers to tradecrypto currency ordigital currenciesfor other assets, such as conventionalfiat moneyor other digital currencies. Exchanges may accept credit card payments, wire transfers or other forms of payment in exchange for digital currencies or cryptocurrencies. A cryptocurrency exchange can be amarket makerthat typically takes thebid–ask spreadsas a transaction commission for is service or, as a matching platform, simply charges fees.
Some brokerages which also focus on other assets such as stocks, like Robinhood and eToro, let users purchase but not withdraw cryptocurrencies to cryptocurrency wallets. Dedicated cryptocurrency exchanges such as Binance and Coinbase do allow cryptocurrency withdrawals, however.